If you follow CME BTC Futures, it is common that any gaps between futures close/open are filled by either a pump or a dump. According to the latest futures gap, we may see 7200-7400 at some point in the near future (pun intended).
This is my idea, not yours, don’t do as I do. Not Financial Advice.
Fundamentals have not changed.
The speculative flows are violent
on cryptocurrencies.
Our initial continuation entry was triggered.
New Gap Support has also formed, which
would be the ideal pullback area.
But breakouts can also be considered above
the continuation point.
As we all know, gaps on CME exchange are closed in 93% of cases, and recently these statistics are only more often confirmed. Usually, gaps that weren't closed, are not significant, they were NOT formed on weekends. However, we can see that during this weekend there was formed an important gap, which has to be covered at least with a wick.
Yesterday we posted an...
May 21, that is, tomorrow there will be a meeting on ETF. It will be postponed as always and will hardly be able to somehow affect the BTC price reduction.
Firstly, because everyone knows that they are likely to postpone it.
Secondly, because during the uptrend, the "negative" news of the FA has a minimal impact on the asset price (as well as the "positive" news...
This chart shows the Gap in CME futures between Friday close and Sunday open.
As you know, the last large gap like that was filled soon afterward with one big red.
This time, I think it might run bear trap first, and go higher to wipe out shorts.
Considering the size of that gap, and previous behavior, there will be a LOT of shorts.
Most of those shorts will...
In traditional markets gaps usually get filled. Bitcoin is a 24/7/365 market, but CME trading is not following the same hours. So far most gaps have closed but there are two bullish gaps left open. If the price doesn't go near 6190 before the CME markets open again, then there will be a pretty decent bearish gap that will have to get filled eventually
I want to remind you that there is a GAP on Bitcoin CME Futures Chart.
it's located at 6420$ and need to close because the GAP always fill with 90% success rate (oops)
....
but how we are around 8000$ so it is like 1600 $ difference
but we trade on probability not certainty.
it's long term bearish and short term bullish they will rekt short .
so we have to keep...
The CME Bitcoin futures chart will be showing a large gap in price when trading resumes. Gaps like to be filled so expect a potential backtest to $6,290.
Fundamentals have not changed.
The speculative flows are violent
on cryptocurrencies.
Our initial continuation entry was triggered.
New Gap Support has also formed, which
would be the ideal pullback area.
But breakouts can also be considered above
the continuation point.
Fundamentals have not changed.
The speculative flows are violent
on cryptocurrencies.
Gap Support has held. We would start
attempting longs on continuation breaks.
The continuation break is a confirmation
that the pullback is over (at least temporarily).
Since the inception of futures trading on Bitcoin at CME, BTC has never failed to fill a gap.
Gap theory is so far 100% accurate when back-testing on Bitcoin. This is not based on any fundamental event. Simply based on institutional traders hedging in the futures market.
Price gravitates toward liquidity gaps. It's that simple.
05/19/2019.
Bitcoin has been on the rise for the past few months and expecting it to appreciate more from the look of the market, Buyer are in control...
Technical Analysis:
Using a combination of our tools from our trading toolbox (Fibonacci, Support and Resistance Level) At Fib's 50% (7094.0) price level showing a bullish engulfing pattern. From the...
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BTC1!
