There are gaps in the charts of Bitcoin CME Futures. These gaps are often closed later and offer ideal correction targets. They can even help to show where a low point could be.
Here we see a target at 8515 down and up 11195.
So it could be that we go first up and then down or vice versa.
Let's see what happens. Happy trading. :-)...
July 4th Action & CME Gaps to Fill
Just a few quick thoughts about our current situation... as always not financial advice, DYOR, etc!
I think the chart write up mostly speaks for itself. Still a few CME gaps to close one above us @ 11,500-12000. I suspect we may end up in this area tomorrow.
Then on the 4th of July when CME is close we gap down. There are...
There is Two unfilled gaps on the Bitcoin CME Futures chart.
Gaps are areas on a chart where the price of a stock (or another financial instrument) moves sharply up or down, with little or no trading in between. As a result, the asset's chart shows a gap in the normal price pattern. The enterprising trader can interpret and exploit these gaps for profit.
In a closed chat, gave a recommendation to buy from the $ 10,150 zone (already 5.62% profit at the moment from the entry point)
Why they bought: rebound from a strong level of $ 10,000
I think we are going to block the top gap.
Need to see what the reaction will be near the level of $ 11,000
This is what I am thinking. I know this move is eroding the medium bullish trend but once that Gap is filled, I think the grand master will have to strength to hit new ATH within the next few months.
I'm no expert on anything trading related but looking at the CME gaps that have been filled, it looks like there is one remaining between 8.5k and 9k. We may fill that gap and we may not as we have decent support at 9.5k in the green fib level. Additionally, there is a gap down from the recent weekend that needs to be filled giving more support to upward movement.
Gap Trading Strategy Rules-How To Trade Gaps
1. You need to choose a currency pair with a high level of volatility. btcusd is a good example but any currency pair that forms a weekend gap should also be good.
2. When the trading day starts on Monday, look to see if there is a gab. Make sure that the gap is at least 5 times the average spread for the pair. For...
Gap 8475 - 9065
Weekly Futures. BTC1!
Circled weekly doji candles in the gap zone. Price stayed in these areas for the entire week, price memory within the gap.
"Gaps get filled" unless it's Netflix. Will BTC Futures fill the gap?
Price pushed away from the border _ indicated by a blue rectangle.
Goal up to $ 11,000 - $ 11,300.
By the way: STEP beyond STEP overlap gaps, which I wrote about earlier (t.me)
Let me remind you: Bakkt will start testing its platform on July 22 (t.me)
When do we go to overlap the lower gap? It's a question of time. At present,...
As we all know, gaps on CME exchange are closed in 93% of cases, and recently these statistics are only more often confirmed. Usually, gaps that weren't closed, are not significant, they were NOT formed on weekends. However, we can see that during this weekend there was formed an important gap, which has to be covered at least with a wick.
Yesterday we posted an...