Lorreo

No Demand for BTC

Short
CME:BTC1!   Bitcoin CME Futures
4 examples of confirmed no demand bars, the last 3 of which were great short entries.

A no demand bar is an up bar, with a narrow spread, on less volume than the previous two bars.

A no demand bar is confirmed when the bar after the no demand bar is a down bar, engulfing the no demand bar, on higher volume .

Comments

LMFAO no demand. I will be back to remind you of the demand.
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Interesting. Looks like a big CME Gap to pull down as well
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Lorreo poidogofficial
@poidogofficial, good eye. It's certainly possible and there is another gap just below this trading range between ~ $24-26k from the end of this December.
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