#BITCOIN - Found Out the Trade Zone

It's always good to see the positive moods on the market. After a row of boring days, green volumes have finally entered the market. The market has absorbed the downward correction and now should take hold above the level. As we all know, the second impulse is always higher than the first, so here we should expect the price to hit the $7700 - $7800 zone.

The start of this upward movement, more likely, will start after the $7400 support re-test, so we have a zone with clear support at $7300 - $7400 and resistance at $7700 - $7800.

Kommentera:

We also can't forget about the GAPs on CME exchange. Yeap, we have even two: one has the range between $7500 to $7800, the second is located between $7200 and $7400. Mentioned the most logical option of GAPs closure on the chart below.

Kommentera:

It look like the MM decided to firstly close the gap below and then goes upwards, well in was obvious. Now the price need to goes a little bit lower to the $7180 in order to fully close the gap. Then, we can open LONG position only after we see any reversal patterns in the $7180 zone and their confirmation by going outside of the ascending channel.