BTC1! CME weekly candle indicates major change in trend
Updated
The CME has formed a weekly bearish engulfing candle if price don't go above this level until Friday's close. A weekly bearish engulfing candle almost always indicates a change of trend downwards. Maybe the CME gaps will be filled as greater than 90% have been historically filled. The few that were not filled like the 3.6k and 9.6k, might have been closed internally by the CME .
Blue boxes are unfilled gaps.
Blue boxes are unfilled gaps.
Comment
Worse close than expected. I call 58k top for this bull run, maybe a couple of month of bear trend.
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