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CME Bitcoin (BTC1!) - August 7

CME:BTC1!   Bitcoin CME Futures
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Today's gap is 12040-11990.

You need to check if it will fill the previous gap by touching the 11700 point.

We must see if it can rise above the volume profile section of the 12130-12270 section.

If the price is maintained above the 11055 point, it is a short-term stop loss when it deviates from the uptrend lines (3) and (4).

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** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee profit or loss on investment.

Description of abbreviations shown in chart
R: Resistance point or section, where a countermeasure is needed to preserve revenue.
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section

(Short-term Stop Loss is a point where profits can be saved or additionally entered through split transactions. You need to trade from a short-term investment perspective.)

GAP is the difference in price that occurred when a CME exchange is closed because it is not a 24-hour transaction.
G1: closing price when closed
G2: market price when opening

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.