First reappearance of this trajectory since the last bull run
We haven't moved in this specific arc since the 30th of April, 2019. During that move we saw a 36% rally over a span of under two weeks. This rally isn't supposed to have enough gas to reach that point. It's supposed to maybe hit the low 11k region and peter out. A 36% move would put as at something more towards 12.3k for the peak before a correction and the formation of a new wave arc. If we hit that 12.3k mark, BTC may ignore the CME futures gap and do its own thing. Use a stop loss, people.
Trade closed: target reached
This is one of the most accurate calls I've ever made. There's a solid chance we're never closing that CME gap at the 9700-9800 region.
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.