Big gap on CME. Correction $16500 or growth to $ 20,000
Hello dear traders.
At this time, it will be decided where the bitcoin price will be led.
Most traders talk about a price decline, since a correction is needed.
A small part of traders simply sit on the sidelines and do not understand what is happening.
Even less - speaks of the price hike up.
I will try to explain to you what to expect in this case, since you see, my previous idea worked as it should again (18150$)!
From this price - 18150-18500, you can try to look for a short position to update the price value 17200-16800-16500.
(The margin gap is $ 1145 - don't forget that!)
At the price 18150-18650 - we have a strong market maker level
Which will be hard to break!
Also - we have a large gap in the price of CME.
which is closed in 91% of cases for 3 to 14 days. But 9% of these gaps are not closed - do not forget about it.
This can be a trap for traders.
We need a correction and updates 14000-12000 for bitcoin.
The big player knows this.
So why not fool everyone again. So how did you get a decent volume for the hike up?
And many will agree with this.
But do not forget that according to many indicators, we are overbought, a new weekly candle will close exactly at its half, which for many will mean an increase in prices and opening of longs!
And I will support you.
For myself, I have designated two strong levels.
It's 18150-18650.
If you see - a breakout of the price, and a creep above 18650 - then the price will be sent to update 19000-19500-21000-22000 per bitcoin.
Since we have a picture - impulse, correction and continuation, a new upward impulse!
But for myself, I have so far chosen the short position, since the volume is falling, there are much more upward movements than the bottom, a gap, a new trading week, and indicators at 4-6-12 hours speak for themselves!
I think we will form a double pattern (W)
Therefore, from such a value as 18200, with a stop at 18750, I open a short position - in order to update the lower border. and finish this cycle the way it needs it!
Plus, this impulse - it just absorbed all the growth that took place for 7-9 days. (I do not remember exactly)
Therefore - tomorrow, on Monday, when the CME is opened - you need to be ready for an impulsive price movement! in which side - it is necessary to look at whether we will be above 18150-18350, or below 18050.
P.S
"I apologize for my ENGLISH, I don't really like to explain the meaning - but I hope you understand what I mean and what I expect!"
At this time, it will be decided where the bitcoin price will be led.
Most traders talk about a price decline, since a correction is needed.
A small part of traders simply sit on the sidelines and do not understand what is happening.
Even less - speaks of the price hike up.
I will try to explain to you what to expect in this case, since you see, my previous idea worked as it should again (18150$)!
From this price - 18150-18500, you can try to look for a short position to update the price value 17200-16800-16500.
(The margin gap is $ 1145 - don't forget that!)
At the price 18150-18650 - we have a strong market maker level
Which will be hard to break!
Also - we have a large gap in the price of CME.
which is closed in 91% of cases for 3 to 14 days. But 9% of these gaps are not closed - do not forget about it.
This can be a trap for traders.
We need a correction and updates 14000-12000 for bitcoin.
The big player knows this.
So why not fool everyone again. So how did you get a decent volume for the hike up?
And many will agree with this.
But do not forget that according to many indicators, we are overbought, a new weekly candle will close exactly at its half, which for many will mean an increase in prices and opening of longs!
And I will support you.
For myself, I have designated two strong levels.
It's 18150-18650.
If you see - a breakout of the price, and a creep above 18650 - then the price will be sent to update 19000-19500-21000-22000 per bitcoin.
Since we have a picture - impulse, correction and continuation, a new upward impulse!
But for myself, I have so far chosen the short position, since the volume is falling, there are much more upward movements than the bottom, a gap, a new trading week, and indicators at 4-6-12 hours speak for themselves!
I think we will form a double pattern (W)
Therefore, from such a value as 18200, with a stop at 18750, I open a short position - in order to update the lower border. and finish this cycle the way it needs it!
Plus, this impulse - it just absorbed all the growth that took place for 7-9 days. (I do not remember exactly)
Therefore - tomorrow, on Monday, when the CME is opened - you need to be ready for an impulsive price movement! in which side - it is necessary to look at whether we will be above 18150-18350, or below 18050.
P.S
"I apologize for my ENGLISH, I don't really like to explain the meaning - but I hope you understand what I mean and what I expect!"
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.