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nagihatoum
Oct 10, 2020 12:16 AM

BTC1! cme to gap down over the weekend Short

Bitcoin FuturesCME GLOBEX

Description

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
UnknownUnicorn100937
"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.
nagihatoum
@idz, I am just looking for a pullback, this already in bull phase on htf

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