#BITCOIN - Waiting For CME to Open

3 thg 5, 2020

It makes no sense to open a new position today because we will likely have two unfilled gaps tomorrow: old one above and a possible new gap. I suggest opening a position regarding the new open CME price.

1. CME opens below $8840. This way both gaps will be above and the priority will be upward, at least to retest previous local high.

2. CME opens above $9170. Here the only gap will be below and we'll have an obvious short setup in a $9200 - $9400 range. The main target is gap closing.

3. CME opens in between. Both directions will close one of two gaps, so sooner or later we'll come to the first or second scenario.

No need to rush, just wait for the market to become clear.

4 thg 5, 2020

Ghi chú

First scenario is on the move! Perfect spot for a long is $8400 - $8500 double bottom area. If it fails, next reliable support is $8200 level. I don't recommend to use high leverage here, targets of this move are high enough to make good profit without it.