BTC/USD - GEP on CME Futures
Updated
Yesterday I wrote about the importance of keeping this zone.
The situation has stabilized.
The price is fixed at $8500 and 8850.
There's every chance to go to the top of the range at $9250.
For continued growth:
1. The last fuse at $8150 has got a good volume. Apparently, a lot of shorts were stuck there waiting for the continuation of the break-down at $8250. These traders are trapped right now.
2. Many longs have been knocked out of position.
3. Medium and long-term price in the upside.
4. The $10500 hi has never been tested.
5. CME Gap at $10080, but big gaps can wait... Small gaps close more often.
Here's to continuing the fall:
1. Halving's happened, no need to drive the price up. Everyone who believes in it, everyone is already in the "rocket" to the moon.
2. Growth from $3600 to $10100 has not even corrected by 38% ($7600), which is necessary for a "healthy" continuation of growth and break-down of the upper zones (but do not forget that there is a Tezer Mafia, which contributes to the "organic growth" of Bitcoin).
3. The price is currently traded at the peak of volumes at $8850.
The 3-day rang is already forming. Maybe there'll be an impulse in the next few days. Here is a warning for you to be morally ready: if this rang goes down with an impulse, then the longs up to $7150-7300 bear great risks. All points of entry into the longitude above $7300 will be knife catching, and most likely your stop loss will be washed away. It's better to wait "on the fence". It's better not to shorten your way up to $10150. It's the same principle.
Thanks for your support! Push like if you think this is a useful idea!
The situation has stabilized.
The price is fixed at $8500 and 8850.
There's every chance to go to the top of the range at $9250.
For continued growth:
1. The last fuse at $8150 has got a good volume. Apparently, a lot of shorts were stuck there waiting for the continuation of the break-down at $8250. These traders are trapped right now.
2. Many longs have been knocked out of position.
3. Medium and long-term price in the upside.
4. The $10500 hi has never been tested.
5. CME Gap at $10080, but big gaps can wait... Small gaps close more often.
Here's to continuing the fall:
1. Halving's happened, no need to drive the price up. Everyone who believes in it, everyone is already in the "rocket" to the moon.
2. Growth from $3600 to $10100 has not even corrected by 38% ($7600), which is necessary for a "healthy" continuation of growth and break-down of the upper zones (but do not forget that there is a Tezer Mafia, which contributes to the "organic growth" of Bitcoin).
3. The price is currently traded at the peak of volumes at $8850.
The 3-day rang is already forming. Maybe there'll be an impulse in the next few days. Here is a warning for you to be morally ready: if this rang goes down with an impulse, then the longs up to $7150-7300 bear great risks. All points of entry into the longitude above $7300 will be knife catching, and most likely your stop loss will be washed away. It's better to wait "on the fence". It's better not to shorten your way up to $10150. It's the same principle.
Thanks for your support! Push like if you think this is a useful idea!
Trade active
I'll put out a new idea today) Congratulations on your profit)
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