BTC1! - Weekly CME Gap update (05/25)

25 May 2020

BTC1! futures opens with a small gap (~1.5%) down.

Will we close it or not?

I think we will and it get closed within a week. The previous one was closed one day later.

So, if to trade the gap here, it could be something like long $8800, stop below $8600, target $9-9.1k. Maybe we'll get a big candle in that area and fast rejection off $9100.

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Information is just for educational purposes, never financial advice. Always do your own research.