Bitcoin CME Futures TA Update (Price Gap at Key Support?)
Bitcoin CME Futures
Bitcoin is trading within the key resistance area and the RSI is already extended on the overbought condition levels.
There is a price gap between 7723 - 7675 which our key area of support is also located.
This will give us a hint that Bitcoin could bounce in these regions before it continues the uptrend.
This price gap doesn't mean it has to be filled right away,
I'm not trading Short position as the previous candle is heavily bullish followed with a big size of buying volume.
I will trade this Long once I have the extra confirmation to enter.
Bitcoin is trading within the key resistance area and the RSI is already extended on the overbought condition levels.
There is a price gap between 7723 - 7675 which our key area of support is also located.
This will give us a hint that Bitcoin could bounce in these regions before it continues the uptrend.
This price gap doesn't mean it has to be filled right away,
I'm not trading Short position as the previous candle is heavily bullish followed with a big size of buying volume.
I will trade this Long once I have the extra confirmation to enter.
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