Here is the Friday CME daily candle close for the week and where gaps may appear when and if BTCUSD daily candle close on Sunday goes higher than the CME High price
(bearish gap) or if the daily candle close on Sunday is lower than the CME Low price (bullish gap). If you are a bull, lets hope that the weekend action does not go higher than 5935. We can move higher from Monday onward.
This is just to make it easier for those who do not know how to look for the gaps on Mondays after Sunday daily candle close. Do not base your trading solely on CME candles. Look for patterns to support your trade as well otherwise it is still a very risky trade. I do not like CME gaps. Noone can provide an explanation that makes sense. There is actually no reason technically nor even fundamentally why gaps must be filled. Just use it as an additional guide or point together with your Technical Analysis, Price Analysis and Fundamentals.
Here is the CME Bitcoin Futures Chart.
BTCUSD and ETHUSD are also on bullish Inverse Heads and Shoulders patterns on the hourly chart that have breakout trade possibilities if they play out accordingly.
Hope this helps.
(bearish gap) or if the daily candle close on Sunday is lower than the CME Low price (bullish gap). If you are a bull, lets hope that the weekend action does not go higher than 5935. We can move higher from Monday onward.
This is just to make it easier for those who do not know how to look for the gaps on Mondays after Sunday daily candle close. Do not base your trading solely on CME candles. Look for patterns to support your trade as well otherwise it is still a very risky trade. I do not like CME gaps. Noone can provide an explanation that makes sense. There is actually no reason technically nor even fundamentally why gaps must be filled. Just use it as an additional guide or point together with your Technical Analysis, Price Analysis and Fundamentals.
Here is the CME Bitcoin Futures Chart.
BTCUSD and ETHUSD are also on bullish Inverse Heads and Shoulders patterns on the hourly chart that have breakout trade possibilities if they play out accordingly.
Hope this helps.
