Recent price action as created a new CME Gap in the respective charts;
Based on current price date we can see this may be a gap which easily can be filled. I will be starting open small Long positions with expectation of this being filled within the week.
Expected entry: Below 48,000 - up to 47,000
Stop Loss - 46,000 - 45,000
Take Profit: Above 50,000
Currently we are seeing a major weakness in Stock markets ( SP500 ) due to year end profit taking and new corona virus variant spread. This may have some impact on crypto as well (similar to 2020 March crash)
Based on current price date we can see this may be a gap which easily can be filled. I will be starting open small Long positions with expectation of this being filled within the week.
Expected entry: Below 48,000 - up to 47,000
Stop Loss - 46,000 - 45,000
Take Profit: Above 50,000
Currently we are seeing a major weakness in Stock markets ( SP500 ) due to year end profit taking and new corona virus variant spread. This may have some impact on crypto as well (similar to 2020 March crash)
Trade closed: target reached:
Perfectly played out
