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.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out