Bitcoin CME FuturesShort
BTC Dip Before Rise - BITCOIN CME FUTURES GAP ANALYSIS
CME gap closures are a strong indicator for BTC behaviour because the formed gaps have a chance of over 90% to be closed. We should therefore always consider CME futures gaps to be closed with a very high chance.
Current situation:
We are approaching the 20K-21K gap which is close to major support around 16,5K-17,5K area.
Expect price to dip down before we might see a trend continuation. If we won't break the low - fake break out - that will be a healthy sign since we would be forming a new higher low which is good for overall bullish market structure.
First goals:
1. There is an open gap around @ 20K-21K.
2. Another gap to the upside @ 34,5K-35K.
HAPPY TRADING! <3
Current situation:
We are approaching the 20K-21K gap which is close to major support around 16,5K-17,5K area.
Expect price to dip down before we might see a trend continuation. If we won't break the low - fake break out - that will be a healthy sign since we would be forming a new higher low which is good for overall bullish market structure.
First goals:
1. There is an open gap around @ 20K-21K.
2. Another gap to the upside @ 34,5K-35K.
HAPPY TRADING! <3
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.