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CME Bitcoin (BTC1!) - August 20

CME:BTC1!   Bitcoin CME Futures
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Today's gap is 11690-11740.

It remains to be seen if it can rise above the 11850 point.

We need to make sure we can get support at point 11590, the previous gap segment (11590-11765).

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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 generating profit 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 must trade from a short-term investment perspective.

GAP refers to the difference in price that occurred when the CME Exchange was closed because it was not trading 24 hours a day.
G1: closing price when closed
G2: The market price at the time of opening

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.