07/06/2020
Looks like sort of a head and shoulders pattern (purple), apologies, I can't seem to use the H/S tool correctly lol... but we seen a slow drop of a metaphorical cliff this morning when BTC dropped to the lower 9Ks which would have given us a good CME gap to the upside, though within an hour, BTC seems to have recovered from that drop and is back trading around the 9.7K mark, closing in on the $9800 CME close we had on Friday, closing the gap which we may see on the close tonight.
Bear in mind, from personal experience, the last 30 minutes are extremely volatile when it comes to price movement so we could expect NO gap and Bitcoin even to rise higher again as the market is still looking very bullish.
I have been watching this on the 1 hour TF as I think it shows it better but tonights weekly close/open will tell.
That's all I have for now and I wish everyone well in their trading.
PEACE!
Bear in mind, from personal experience, the last 30 minutes are extremely volatile when it comes to price movement so we could expect NO gap and Bitcoin even to rise higher again as the market is still looking very bullish.
I have been watching this on the 1 hour TF as I think it shows it better but tonights weekly close/open will tell.
That's all I have for now and I wish everyone well in their trading.
PEACE!
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