BAKKT Bitcoin (BTM1!) - September 17

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Today's gap is 11087.5-11025.0.

We have to see if it will fill the previous gap, 10870.0-10900.0.

We also have to see if we can ascend beyond the 11055.0 point.

Departing from the short-term downtrend line (3), it is located near the closing price formed by a surge on July 27.
Therefore, I think the 11055.0 point makes sense.

If you get support at the 11055.0 point, I think there's a chance you'll be touching the 11585.0-11625.0 segment around September 24.

We have to watch for volatility around September 18 (September 17-19) that could deviate from the downtrend line (3)-the uptrend line (1).

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CME Bitcoin ( BTC1! ) 1D Chart
Today's gap is 11015.0-11045.0. (Not shown on the chart.)

It remains to be seen if it will fill the previous gap, 10815.0-10890.0.
You also need to see if you can get support at the uptrend line (2).

If you get support at the uptrend line (2), it's not far away that you are likely to climb above 11055.0 points and touch above 11230.0 points.

From its current position, the 10895.0-11230.0 section is in a more important position than any other section, and if it is supported and breaks through this section, it is expected to make a lot of gains.

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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 prices that occurred when CME and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: closing price when closed
G2: The market price at the time of opening


Nice analysis
neat technical summary and great chart. looking good!
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