Bitcoin CME Futures TA Update (Price Gap? Must Fill?)
Bitcoin CME Futures
BTC CME opens the Monday trading with a price gap from 9100-8275 areas.
This is a huge gap and the price is currently sitting at the key zone of support which has been the old resistance from Nov 2019-Jan 2020 trading history.
If Bitcoin can hold this level for the next 24-48 hours. there is a potential to flip this area into new support territory.
Also, giving the fact that all hourly time-frame has entered the oversold conditions, we may likely see a relief bounce to the upside and potentially try to fill the gap.
Please treat this with caution as the bounce may happen is just a normal reaction, not true trend-line reversal.
Further price action is needed to confirm a market shift to the upside.
BTC CME opens the Monday trading with a price gap from 9100-8275 areas.
This is a huge gap and the price is currently sitting at the key zone of support which has been the old resistance from Nov 2019-Jan 2020 trading history.
If Bitcoin can hold this level for the next 24-48 hours. there is a potential to flip this area into new support territory.
Also, giving the fact that all hourly time-frame has entered the oversold conditions, we may likely see a relief bounce to the upside and potentially try to fill the gap.
Please treat this with caution as the bounce may happen is just a normal reaction, not true trend-line reversal.
Further price action is needed to confirm a market shift to the upside.
Telegram Channels
➡️ t.me/kryptosignalschat
➡️ t.me/kryptosignaltrade
➡️ t.me/KryptoSignalsTrade
Inquiry
➡️ t.me/PolarHusk
➡️ t.me/kryptosignalschat
➡️ t.me/kryptosignaltrade
➡️ t.me/KryptoSignalsTrade
Inquiry
➡️ t.me/PolarHusk
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.