Bitcoin bearish CME gap, double top, head & shoulders
- Bitcoin CME futures closed friday at 45800$. Usually the price tend to fill the gap after sunday opening (80% accuracy).
- on futures settlement day the price usually drops around 2% (next 3 January).
- two bearish patterns forming: double top, head & shoulders
We should break down the 46800$ price level to confirm these patterns.
The first target is at 45800$, second at 45500$ and third at 45300$ where we can see a wall of orders on Bitfinex since 15th december.
Stop loss at 47550$.
- on futures settlement day the price usually drops around 2% (next 3 January).
- two bearish patterns forming: double top, head & shoulders
We should break down the 46800$ price level to confirm these patterns.
The first target is at 45800$, second at 45500$ and third at 45300$ where we can see a wall of orders on Bitfinex since 15th december.
Stop loss at 47550$.
Trade closed: target reached:
27$ diff from yellow line :)