CME's painting the picture of BTC's next move perhaps
BTCUSD
Ok here’s my BTC theory...
The CMEs closed on Friday with BTC at 10660. That means as long as we stay under that price on the weekend, a new gap up to that number will be created.
There’s the existing gap between 9670-9930 and we have wicked down there a couple times so far this weekend.
If we stay around the area we are now (10,300ish) then I have a feeling come Monday CMEs will close the lower gap and then shoot up to close this weekends gap.
So therefore I’m still currently bullish looking for 9600-10k entries.
**Bitcoin CME Futures Gaps Are Filled With 95% Certainty, But Trading Them Is Risky
Ok here’s my BTC theory...
The CMEs closed on Friday with BTC at 10660. That means as long as we stay under that price on the weekend, a new gap up to that number will be created.
There’s the existing gap between 9670-9930 and we have wicked down there a couple times so far this weekend.
If we stay around the area we are now (10,300ish) then I have a feeling come Monday CMEs will close the lower gap and then shoot up to close this weekends gap.
So therefore I’m still currently bullish looking for 9600-10k entries.
**Bitcoin CME Futures Gaps Are Filled With 95% Certainty, But Trading Them Is Risky