LONG BTCUSD After Spike Down
CME gap closures are a strong indicator for BTC behaviour because the formed gaps have a chance of over 90% to be closed.
We should therefore always consider CME futures gaps to be closed with a very high chance.
Current situation:
We are approaching the 18K-19K gap which is close to major support around 16,5K-17,5K area.
Expect price to spike down before we might see a trend reversal.
First goals:
1. There is a open gap around @ 27K-29K.
2. Another gap @ 34,5K-35K.
HAPPY TRADING!
We should therefore always consider CME futures gaps to be closed with a very high chance.
Current situation:
We are approaching the 18K-19K gap which is close to major support around 16,5K-17,5K area.
Expect price to spike down before we might see a trend reversal.
First goals:
1. There is a open gap around @ 27K-29K.
2. Another gap @ 34,5K-35K.
HAPPY TRADING!
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