Hello friends, I am showing you the CME gaps I circled for Bitcoin (BTCUSD) on a 1D linear chart that I was able to spot. The CME gap is the difference between the trading price of a CME bitcoin futures contract when the market closes on Friday and opens on Sunday. The reason I am showing this chart is because though CME gaps are formed, the price tends to get back to that gap and fill it at some point. Since price is near certain prior gaps, there may be a chance the CME gap gets filled.
Not everyone believes in CME gaps, but this is another metric to review when looking at Bitcoin and the crypto markets.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
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I am seeing more and more crypto youtubers and crypto influencer talk about the CME gap over the past few days. They are late as usual.
One down and if it hots up in Ukraine maybe 2 or 3 more. 😵💫
eurasia1tech
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Well ...the final conclusion?
MillionaireEconomics
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@eurasia1tech did you read my commentary. it explains there!
eurasia1tech
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@CRYPTOPICKK, Yes, I read that you believe in filling the Gap in the chart. But I wanted to explain more at what price and ... Although the time for immediate action is over in my opinion, at the same time as the initial price reduction, most people had made long offers with strange comments, and ....
karan7890
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I think he’s trying to say
eurasia1tech
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@karan7890, It has not been long since the beginning of the new year that I lost a lot. Unfortunately, there were many people on this site who, at the very beginning of the price reduction, recommended the long and strong support of Bitcoin at 45, 42, 40, etc., and I am so sorry that I noticed these nonsense.
karan7890
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It’s going to 19000-20000
LuckyTrader102
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We also have 1 gap at 53k. So up first or down first is the question :D