Choppy weekend PA (BTC) takes 2x less liquidity to move market
Hello traders,
Looks like we may been in for a boring weekend ahead ranging with some possible stop hunts or wicks but as of now we haven't really moved at all.
Sometimes over weekends PA remains calm because of future's CME closing on Friday and Opening a few days later Sunday/Monday.
So to avoid filling a gap price remains in the same zone it closed at, sometimes it can dump or pump had then come back to the same zone before the close, but in some cases it will leave the zone and that's what causes Future's CME gaps to be printed and sometimes they go unfilled for a long time if the price starts trending in the opposite direction.
We have gaps at $9650, $20,000, $22,000-$24,000, and another in the $30,000's.
The $48,000 CME gap has been filled.
Interesting weekend ahead, thought I'd share this TA with possible rising wedge.
It's the weekend though so I'm not expecting anything to really happen.
Please like/comment to show your support to my page, thank you.
👍
Looks like we may been in for a boring weekend ahead ranging with some possible stop hunts or wicks but as of now we haven't really moved at all.
Sometimes over weekends PA remains calm because of future's CME closing on Friday and Opening a few days later Sunday/Monday.
So to avoid filling a gap price remains in the same zone it closed at, sometimes it can dump or pump had then come back to the same zone before the close, but in some cases it will leave the zone and that's what causes Future's CME gaps to be printed and sometimes they go unfilled for a long time if the price starts trending in the opposite direction.
We have gaps at $9650, $20,000, $22,000-$24,000, and another in the $30,000's.
The $48,000 CME gap has been filled.
Interesting weekend ahead, thought I'd share this TA with possible rising wedge.
It's the weekend though so I'm not expecting anything to really happen.
Please like/comment to show your support to my page, thank you.
👍
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hourly is very overbought lol
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