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nagihatoum
Sep 4, 2020 5:29 PM

BTC1! bounced off the gap Long

Bitcoin FuturesCME GLOBEX

Description

did not fill it and produced a 4H bullish hammer. I suspect it will go up to retest previous support at the 4H 200ema before closing the gap. Or it can be nice and wick and close it.

Comment

idea still holding

Comments
alienteck
You know, if the bull market has started earlier.. and now they got rid of most of the longs.. The best way to keep all the gains and coins to yourself is to make sure to appear to fill the gap and but just tap and go.. They could have easily filled the gap since it went in somewhat on the 2nd $100 mil liquidation.. Many think it will bounce around 10300 and move to 11k.. and then drop to fill the gap.. I just dont see so many orders to cover and fill allowing for the markets to do that.
Noobtrader4080
Thank your for this TA. I find it odd that some analysts are saying the gap is filled when the PA stopped just above it.
axelrodd
@wiction0, the gap was indeed filled, but now there is a lower gap at 4k. When you adjust dollar gap was filled a few times at 9900. Don't ask me how but it's very clever the way they manipulate
alienteck
Try looking at it with BTC1!*DXY since BTC is traded worldwide and Europe and Asia are bigger markets than US.
nagihatoum
@alienteck, very interesting, what you found?
alienteck
@nagihatoum, BTC acting just like Gold.. They filled the gap on the first try itself and now making higher lows.. Remember they have all kinds of premiums and such to calculate this. Its not as simple as spot prices.. But even there, Gold prices are set at the LME not the US.. We might think since spot prices have not filled the gap, its not filled.. But for them being futures being used as a hedge etc.. it might not be US$ that is used but DXY..

But Oct is another month which can turn brutal so they could fill it then.. But with Gold being so strong and seeing so many coins go into cold storage I dont think this year is the same as before..
nagihatoum
@alienteck, I see, great info. Link has lowest supply in exchanges right now, an ATL.
zbahadir
I hope this graphic works.
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