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UnknownUnicorn2239932

BTC CRITICAL LEVELS, CME Gap Filled, MOST IMPORTANT LEVELS NOW

Bitcoin CME Futures (CME:BTC1!)  
UnknownUnicorn2239932 Updated   
CME:BTC1!   Bitcoin CME Futures
Trend Analysis Chart Patterns Technical Indicators BTC BTCUSD
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trendanalysis chartpattern indicator btc btcusd
  • Each horizontal line is a key level of support and resistance.
  • BTC filled the upper CME gap and is testing (weak) support.
  • If BTC bounces here and confirms a resistance to support flip, BTC is in relatively safe waters.
  • If it breaks here, it makes sense for BTC to visit the major long-term resistance it broke out of in last month's bear trap to confirm a strong support level.
  • If the unconfirmed level breaks on a test, expect the bottom CME gap to be filled soon after, making this a bull trap.
Comment:
Current support held up, creating daliy engulfing candle off support into resistance.
Comment:
Yesterday's bullish engulfing candle led to today's continuation breaking key resistance.
Comment:
The filled CME gap is now being tested and so far is holding as resistance flipped into support.

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