The Last Stand for Bitcoin📆🟡 BTC/USDT (BITCOIN)
📊 Time Frame: 4H
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Bitcoin is trying to hold the last local support at 3000$ and I think finally it will be break. Bitcoin needs to hold above 34000$ then we can see a movement to 39000$ (IN ORDER TO GATHERING LIQUIDITY).Lots of longs liquidated below 33000$ and many Stop Loss already hit. Now there are many sorters in the market and liquidity is around 35000$ and also CME gap is at 35000$. So I expect price to pump around 35K$ in next few days. Not even single good news affect on bitcoin price positively because of global tension in the market.
Cmefutures
$BTC Update (CME FUTURES Chart)BTC is heading towards its closet gap which is coming at $32900, which is also an important support level, from where we have seen a good bullish trend in the previous wave.
The other two most important CME FUTURES gaps are at $46540, which BTC has to fill sooner or late
good luck!
Btc1! Daily CME GAP Analysis Update🟢#BTC Update
Price currently in consolidation phase with frequent liquidity grabs and stop hunts. We also had BTC filling a CME gap earlier which is a good sign for expecting a move upwards, we have also successfully reed D1 200 EMA which is a good sign as well since a re is very important for market to gain back momentum.
Weekly closure will clear out things further and we can possibly expect a move sooner, where breaking through and holding above our first resistance at $47300 approximately will be a bullish sign.
Analyzed by Hossein
📅 04.04.2022
⚠️ (DYOR)
BTC SHORT TERM OUTÑLOOKBTC is currently overbought and needs a pullback to retest $41K-$42k for much stronger upward move ahead. You could also view through the CME gap around the $42k which we expect to fill before the weekly closing(Friday).
At this point I will be opening a short position around the 44k-45k targeting the CME gap around 42K.
Bitcoin CME gaps are still in playHello Friends!
Can this be a slow bleed to fill Bitcoin’s CME gaps? Bitcoin has already filled one gap between $32k-$34K. Now there are still two open gaps.
-$24K-$26K
-$18K-19K
It’s still on a downward trend with week over week lower trading volumes. Maybe it needs to continue to follow this trend to fill the remaining gaps before we see any meaningful reversal.
As always thanks for your follows, likes, and comments. Let’s learn and grow together. Cheers!
Bitcoin CME BTC1! - Filled GAP + Bullish hammer on the weekly!- The huge CME gap on bitcon futures has been filled on the weekly time frame.
- Also we have a bullish reversal candle - hammer, which indicates trend reversal.
- The price is printing higher highs and higher lows, that is ofcourse very bullish.
- ABC correctnon (5-3-5) completed successfully (see my related idea for detailed Elliott Wave count below).
BTC Bitcoin CME Gap DiscussionHello friends, I am showing you the CME gaps I circled for Bitcoin (BTCUSD) on a 1D linear chart that I was able to spot. The CME gap is the difference between the trading price of a CME bitcoin futures contract when the market closes on Friday and opens on Sunday. The reason I am showing this chart is because though CME gaps are formed, the price tends to get back to that gap and fill it at some point. Since price is near certain prior gaps, there may be a chance the CME gap gets filled.
Not everyone believes in CME gaps, but this is another metric to review when looking at Bitcoin and the crypto markets.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
S&P 500 ES1! Technical Analysis Monthly / Weekly / Daily
## Bottom Line
- Weekly closed with a massive bear bar on its low.
- That low is going to break.
- Likely outcome of this week will be a Doji Candle
- ...meaning there will be a strong rally after the low is broken
- A rally should top out between 4,457.25 and **4,492** (Thursday Settlement is in the middle at 4,475)
- My expectation this week is we will be going up before going down on a daily basis
## IF/THEN
- **IF:** they push it all the way down to 4,350 area on Monday,
**THEN :** I expect that we will go to the top of the rally zone after that.
---> **IF:** It gaps up at the open and rally’s overnight Sunday,
---> **THEN:** Will likely have another bear bar day, another daily session dump, ending in a daily bear bar
---> **IF:** It gaps down and heads lower overnight
---> **THEN:** Will Likely Rally in the Monday regular session
**IF:** It collapses below 4,350 area
**THEN:** I expect it to just be a vertical nosedive market with everyone scrambling to adjust their risk and get positioned.
**IF:** Bulls can break above **4,492**.
**THEN:** I expect that they will test the bottom of the prior week candle at 4,572.
## Containment
- Monthly:
- **4,260** and 4,600 (Outside)
- 4350 and 4540 (inside)
- Weekly: **4,260** and ****4,472
## Targets
**Downside:**
- Monthly: **4340**-4350
- Weekly: Same
- Daily: **4340** (Same as monthly. Trend Start on daily chart)
**Upside:**
- Monthly 4492 (low of prior month), **4580** (50% retracement of This Month assuming they hit the 1.618 target, The Monthly Chop Zone, Open of Prior Month)
- Weekly 4473
If it gets to **4580**, I figure for another major down move after that. This takes us into March for sure
Primary weekly resistance is not at any monthly level except the prior month low.
Bouncing at the 1.618 extension puts us at a higher low
## Best Levels to Trade
- Short: 4,475 - 4,492
- Long: 4340 - 4350
## Charts
Monthly
Weekly
Daily
Containment Zones:
Monthly
Weekly
Daily Targets and Traps
Levels on Intraday
Levels are rarely exact in the S&P. You want to buy below support levels and sell above resistance levels. The algos know they can generally make profits running obvious stops, so they do. When trading these instruments keep a flexible open mind, be ready to take a stop out, don't be afraid to try again, and think in terms of price zones more than levels.
BTC Last Lines of Defence before a short trip to BEARLINIn this idea I've used the following:
1) Agled Dotted Trendline that coincides with a FIB level of 0.618 to indicate Support
2) Angled Trendline in Red to indicate resistance
3) Horizontal Support Lines to indicate the next major supports
4) CME FUTURE Gaps, to indicate regions where BTC might potentially move.
BTC CME Futures DeviationI created this chart to visualise the BTCUSD / CME Futures deviation on weekend
In blue: Coinbase spot BTCUSD minus CME Futures price
In orange: Coinbase spot BTCUSD
In cyan: CME BTC1! futures price
Gray bars: weekends
Clone this chart & make a copy. Try it on daily and 4/6 hr timeframe
At the weekend price can deviate up to $2,000 or more from the CME close.
When there are large deviations price often reverts to the CME close before the end of the weekend. Large deviations should be faded
90% of CME gaps have filled in the past! | #Bitcoin #CMEHello Padawans,
According to the past, 90% of CME gaps have filled at least by a spike.
Okay what is a CME gap?
The gap is the difference between the closing and opening trading prices of a CME bitcoin futures contract on Friday and Sunday. There are no trades between Friday's closing session and Sunday's starting period, resulting in the gap. The gap can also exist while the CME is closed for the holidays.
hope you all got an idea.
I hope it will never get filled if we can directly go to 6 digits Bitcoin.
let's see what will happen next.
Cheers
May the force be with you.