Bitcoin CME Futures Market view | 30k$ -> 36k$ -> 25k$ | BTC
Using CME Futures Bitcoin chart, we can see how gaps worked perfectly in the past.
CME Gap for those who don't know, is the difference between the trading price of Bitcoin futures contracts when the market opens on Sunday and when it closes on Friday.
Bitcoin tends to move to these gaps like a magnet most of the time.
Also I applied trend following indicator on the chart which helps us better predict what movements we can expect in the market in the near future.
There are still 2 days till futures market closes but I don't personally think Bitcoin will rally up above 35.000$ and not create a gap.
Plan is simple. Bounce to ~36k$ -> 25k$.
Stay safe
CME Gap for those who don't know, is the difference between the trading price of Bitcoin futures contracts when the market opens on Sunday and when it closes on Friday.
Bitcoin tends to move to these gaps like a magnet most of the time.
Also I applied trend following indicator on the chart which helps us better predict what movements we can expect in the market in the near future.
There are still 2 days till futures market closes but I don't personally think Bitcoin will rally up above 35.000$ and not create a gap.
Plan is simple. Bounce to ~36k$ -> 25k$.
Stay safe
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