There are gaps in the charts of Bitcoin CME Futures. These gaps are often closed later and offer ideal correction targets. They can even help to show where a low point could be.
Here we see a target at 8515 down and up 11195.
So it could be that we go first up and then down or vice versa.
Let's see what happens. Happy trading. :-)
[url= ]
Comment
⋅
update: gap is bigger. we have to see it in higher timeframe.
There is a GAP at $7200. Don't forget that one. There are GAPs below that $7200 also.
JTJV42
⋅
Thank you for your TA. Is target still valid?
BTCINVESTING
⋅
@JTJV42, i would say yes. but first up more likely, then first down. thats my current expectation. filling the upper gap, then the gap down. you know there are only a few examples without filling, but they are.
Ginossim
⋅
I don't understand this gap, and cme, so what does the 11900 and the 10900 represent on the chart? Trying to learn this. TY
BTCINVESTING
⋅
@Ginossim, cme futures are traded on weekdays. so price jumps can occur on weckend. these price jumps are then compensated later. there are examples where the gaps remain, but mostly they are filled. you can google this.
Milamansi
⋅
Are you sure that all CME gaps always filled? Don't we have examples where it shows that there are still gaps open from months ago? Thank you
BTCINVESTING
⋅
@Milamansi, yes there are examples without filling. so it could be. everything could be at bitcoin. in this case we see very sharp gaps. these gaps are normally filled. lets see. current i would say, that we see more down and 8000 are still possible. be always watchful. thx for your question. :)