Will the CME price gaps be filled soon? We have one between 48370 and 46620 and one between 26080 and 24605. Two possible ways: First up, then down. First down, then up. After that the BTC will go nuts ... :-) Btw the annual pivot point is at 21100.
How does this fit with my last charts? It fits. I always assume a minimum halving top at 115 K end of the year. After that our long correction phase will start. In both cases, the CME gaps can be filled. Something else about the gaps ... The CME gap doesn't necessarily have to fill, it is just more likely to fill than not. So far 95% of the gaps have been filled.
Scenario 1: The gaps will be filled this year.
Scenario 2: The gap at 24K will be filled next year during the bearish correction.
Scenario 3: The gap at 24K will never be filled.
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Let's see what happens. Happy trading. :-)
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My Post Apr 18, 2021
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My Post Nov 19, 2020
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My Post Apr 15, 2019 (2 year ago!). I was one of the first btw. ;-)
I dont agree with your scenarios, because:
1) If gap is filled this year, then we will have broken below the capitulation event (29K). During a bull run none-the-less....which has never happened, and isnt something that should happen.
2) If gap is filled at next year bear market, when we have already set a price floor for BTC at 29K with this capitulation....meaning we will never see BTC below that again (same as $3800 price floor set in march 2020 capitulation)
3) Gaps are not always filled. Especially small ones like that. CME is becoming less able to manipulate this market as it grows, as well, so I think that small 24k-26k gap is not going to be an issue when BTC is trading 50x the gap size in a few months.
BTCINVESTING
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@ezpi, thank you very much for your comment. i appreciate it really. critic and discussion is for me allways wellcome because it opens minds. so thx. lets see how the market act. i hope that we see a strong btc and an upmove. :-)
ddx27
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majority of cme gaps have historically filled so I don't see why this time is going to be any different. only questions is when? It can fill in the next bear market bottom or it can fill now
MarcellusLUX
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Good analysis. Thanks for sharing :)
Let's see how it goes
shimmeringpath
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I'm still waiting for the gap at 9600 to fill . That isn't happening so it definitely isn't guaranteed.
BTCINVESTING
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@shimmeringpath, this gap will not be fill. it was touched and a bit filled. this is enough. and its small. forget 9600 my advise. :-)
shimmeringpath
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@btcinvests, yeah I was actually joking when I said I'm waiting for 9600!! I don't expect to ever see it again .
1) If gap is filled this year, then we will have broken below the capitulation event (29K). During a bull run none-the-less....which has never happened, and isnt something that should happen.
2) If gap is filled at next year bear market, when we have already set a price floor for BTC at 29K with this capitulation....meaning we will never see BTC below that again (same as $3800 price floor set in march 2020 capitulation)
3) Gaps are not always filled. Especially small ones like that. CME is becoming less able to manipulate this market as it grows, as well, so I think that small 24k-26k gap is not going to be an issue when BTC is trading 50x the gap size in a few months.