- Bitcoin CME futures closed friday at 45800$. Usually the price tend to fill the gap after sunday opening (80% accuracy).
- on futures settlement day the price usually drops around 2% (next 3 January).
- two bearish patterns forming: double top, head & shoulders
We should break down the 46800$ price level to confirm these patterns.
The first target is at 45800$, second at 45500$ and third at 45300$ where we can see a wall of orders on Bitfinex since 15th december.
Stop loss at 47550$.
- on futures settlement day the price usually drops around 2% (next 3 January).
- two bearish patterns forming: double top, head & shoulders
We should break down the 46800$ price level to confirm these patterns.
The first target is at 45800$, second at 45500$ and third at 45300$ where we can see a wall of orders on Bitfinex since 15th december.
Stop loss at 47550$.
Trade closed: target reached
27$ diff from yellow line :)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.