BTC moving down to close CME gap

3 Şub 2020

Last week closed with very bullish candle. Same as month. All together that makes Bitcoin ultra bullish on macro scale. But each move up is usually followed by move down, so this week I expect BTC to head towards CME futures gap.

Support zones located at these levels: 8900 - 9050 - 9160. Highest is little above CME futures gap, but CME price is different from Bitmex/Bybit and this difference is changing all the time, so there will be no surprise, if Bitcoin will dump lower. Just in case, as it always does. Certainly it won't stop where everyone expect it to stop, as whales need liquidity that comes with panic and fomo.

Week chart:

6 Şub 2020

Not

As CME gap was closed, price moved up

14 Şub 2020

İşlem kapandı: hedefe ulaştı

New analysis here.