CM_Trades

BTC unfilled CME gaps!

CME:BTC1!   Bitcoin CME Futures
  • BTC has continued its uptrend over the past few weeks but has been leaving a trail of gaps behind it
  • The most recent one being from 3990~3875
  • We also have 2 others below 3685-3650 & 3165-3150 and another one higher above 4410-4375, which coincides perfectly with the 48EMA
  • Whether we clear the higher one first before trending lower or return below to pick up the crumbs before breaking out higher waits to be seen
  • We have had some accumulation over the past few weeks as we can see from the 'ultimate volume' indicator but nothing to brag about
  • The CMVP seems to have topped out so a pullback could be expected as we look at this bearish Daily candle forming (still very early)

Thanks guys

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