QuercusTrading

Bitcoin - CME gaps

CME:BTC1!   Bitcoin CME Futures
Does all CME gaps get filled? I don't know, but almost all the gaps in 2020/2021/2022 got filled.

Now we have a few gaps left on the chart. Not hoping that this will happen because my target low is 13/14k, but there is always a possible swift move to 9k scenario.

Macro conditions can change quite suddenly.

Always stay safe.

Comment:
Just a wild idea based off !CT's buy model. Nothing is impossible in the markets.

Trade active:
Still convinced we are going lower than 15k. But for now, 20k first.

Wave 5vs4 is usually at 200% max. Good level to take a short without confirmation.

This entire idea will be invalid above 33k.

Comment:
1st gap at 28k filled.

Comment:
For the past 3 months since price entered this range (25k-31k), all CME gaps within this range have been filled except the one on 08 May @ 29k.

I mapped out two scenarios last week, and as of now, I think a run up to 29k is more probable and direct nuke.

Comment:
CME gap at 29k filled.

Will wait for better setups before shorting.
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