nagihatoum
Short

BTC1! cme to gap down over the weekend

CME:BTC1!   Bitcoin CME Futures
A most likely retest of the 4H 200ema and smaller triangle trendline next monday.

The reason that I don't consider a gap up is because of the recent low volume which indicates PA still ranging within the ascending triangle .
Comment: price broke above 11.2k contrary to my assumption that low volume does not show a breakout, idea might be invalidated.

Comments

"Bear Markets Have No Supports and Bull Markets Have No Resistance" (William F. Eng) We may be entering a bull phase and make new highs.
+1 Reply
@idz, I am just looking for a pullback, this already in bull phase on htf

+1 Reply
Nice chart!
Reply
nagihatoum Phi-Deltalytics
@Phi-Deltalytics, thanks but needs to be correct, don't think so now.
Reply
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