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CME Bitcoin (BTC1!) - October 14

CME:BTC1!   Bitcoin CME Futures
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Today's gap range is 11440.0-11500.0. (Not shown on the chart.)

We have to see if it can rise above the 11575.0 point.

If it falls, you need to make sure you get support at 11230.0.

I think that it has to rise above 11895.0 points in order to turn the trend.

If it falls below the downtrend line (3), it is a short-term Stop Loss.

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(BAKKT Bitcoin ( BTM1! ) 1D chart)
Today's gap is 11465.0-11450.0. (Not shown on the chart.)

It remains to be seen that around October 15th (October 14-16) it can gain support and rise above the downtrend line (4) and the uptrend line (5).
You should also see if you can ascend beyond the 12005.0 point.

If it falls below the downtrend line (4) or the uptrend line (5), it is a short-term Stop Loss.

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** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.

Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment

(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You should trade from a short-term investment perspective.)

GAP refers to the difference in prices that occurred when CME and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closed price
G2: The market price at the time of opening

Comments

Thanks sir
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So advanced! Am trying to understand... I will read this again
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