nagihatoum

BTC1! the cme gap tease

CME:BTC1!   Bitcoin CME Futures
A very large gap was created over the weekend and PA fooled everyone into believing it will close it. But as usual it bounced off the top of the gap creating a very deep bear trap. Two possibilities exit, either a continuation upward to 12250 and which point price must come down to fill the gap or a detour here and a bull trap. The latter is healthier for the bullish case, paradoxically because a fall from 12.2k to the lower 10k is very bearish .

This is the second time that cme bounces of the gap and not close it directly.

Bearish divs on the HTF exits currently.

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