btcinvests
Long

BTCUSD (1D): 1. 11800. 2. 8400. 3. Then it will go nuts!

CME:BTC1!   Bitcoin CME Futures
cme price gaps will be filled! we have one between 11695 and 11795. and one between 8540 and 8575.

Two possible scenarios:
First up, then down (probably).
Second (rather unlikely): First down, then up.

After that the btc will go nuts ... :-)

Btw. The annual pivot point is 8230. Should also be touched.


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Let's see what happens.
Happy trading. :-)


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my old chart with cme gaps:
https://www.tradingview.com/chart/BTC1!/...


BTC: Why will 1 Bitcoin really be worth more than USD 1 million?

Feb 17
Comment: the new gap between 10080 and 10210 will be also filled.

Feb 18
Comment: first gap closed.

Feb 19
Comment: next gap is at 8500. it will be closed, too.

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BTCINVESTS.de
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http://www.btcinvests.de
mail@btcinvests.de
https://t.me/btcinvests_de

German Bitcoin Consultant · Trading · Research · Investing

Investing in Bitcoin and Cryptocoins since 2014.
Trading experience for over thirty years.



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Comments

Say, how do the gaps get created anyhow? I saw them in the past and remember it has ben spoken but to be honest dont get this mechanism and by law it closes itself. Is it by some order books vs market situations that price action jumps over some levels?
Reply
@schizaar, cme is one of the biggest exchanges. https://www.cmegroup.com/ the exchange is closed at weekend. the gaps happens when the price moves sharp at that time. so they have to compensate the price gaps.
Reply
schizaar btcinvests
@btcinvests, ok, so I understand they do appear as there is a "frozen supply" at given price when buyers/sellers want it? But then by what rule would the price action comes down to this level that it is "granted" to have this gap filled?
Reply
@schizaar, thx for your comment. pls google this. you will find all your answers there. "CME gap at bitcoin". :-)
Reply
schizaar btcinvests
@btcinvests, cheers :) so knowing this i would be no brainer to set sell at gap level and just sit back watching it doing as expected even the gap would be around 11k while curent price is around 9k?
Due to below articles it sounds like one would set sell @11.5k and set buy around 8.5?

https://www.newsbtc.com/2020/01/10/theres-a-cme-gap-at-11855-for-bitcoin-and-it-could-trigger-a-47-rally/
https://cointelegraph.com/news/bitcoin-price-tightens-as-traders-eye-the-cme-gap-and-82k-support
Reply
Guten Abend,
thought I would share a vision of another TV guy I follow. He calls moon and this somewhat might be aligned with your idea :) Perhaps you know him too.

https://www.tradingview.com/chart/BTCUSD/JoeIcpAg-BTCUSD-2-Month-bars-uptrend-confirmed-hold-until-August-2021/?utm_source=notification_email&%3Butm_medium=email&%3Butm_campaign=notification_mention#tc3113110
Reply
@schizaar, thx for your comment. yes, i know him very well. :-)
Reply
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