Hey there,
there is a gap, which you already noticed I guess! Though for beginners it might not be that obvious as it appears to you!
Gaps are happening, because when closing and opening markets, especially when there is a huge move in either direction, price action appears at certain levels below or above the price, which creates these gaps.
For me personally, gab´s are not any relevant or justifiable sources of price behavior or prediction. So I DO NOT trust them.
Interestingly, these gaps on CME (Chicago Mercantile Exchange) always close! Like literally ALWAYS- this leads me and many other traders, to the idea, that the next ones will be closed as well. For me, it turned out to work, but seriously, I cannot believe this plays always, but it actually did until today!
So, I already took the trade Bitmex at 6600 with leverage and I am looking forward to close it at 8500 area! Any gains in the circle are awesome!
RSI looking oversold!
Volume declining, which means a short term price manipulation to the upside (to fill the gap) actually is easier than in times, when volume and volatility are high!
I took my shot, I hope this inspires your technical analysis!
Your german-quality-trader!
there is a gap, which you already noticed I guess! Though for beginners it might not be that obvious as it appears to you!
Gaps are happening, because when closing and opening markets, especially when there is a huge move in either direction, price action appears at certain levels below or above the price, which creates these gaps.
For me personally, gab´s are not any relevant or justifiable sources of price behavior or prediction. So I DO NOT trust them.
Interestingly, these gaps on CME (Chicago Mercantile Exchange) always close! Like literally ALWAYS- this leads me and many other traders, to the idea, that the next ones will be closed as well. For me, it turned out to work, but seriously, I cannot believe this plays always, but it actually did until today!
So, I already took the trade Bitmex at 6600 with leverage and I am looking forward to close it at 8500 area! Any gains in the circle are awesome!
RSI looking oversold!
Volume declining, which means a short term price manipulation to the upside (to fill the gap) actually is easier than in times, when volume and volatility are high!
I took my shot, I hope this inspires your technical analysis!
Your german-quality-trader!
İşlem kapandı: hedefe ulaştı
GOOD JOB. Trade closed successfully! Whoever participated in this any amount, you are now 30$ richer than you were before!
Let's see if we can enter the market again, either on short or long side
Sic Parvis Magna - Greatness From Small Beginnings
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Sic Parvis Magna - Greatness From Small Beginnings
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.