#bitcoin #btc has closed a historical #CME #GAPAs you see on the chart, there was very important #CMEFUTURES gap at 35 - 36K area which was opened in #luna collapse times. Now, #btcusdt price has CLOSED this historical gap and what now?
It' s too early to say #btcprice will go on through the #bullrun or " BTC will directly go to close the OTHER historical GAP at 20 - 21K region!.."
Now, just relax and watch the #market and especially #BTCdominance. #BTCD will reveal the direction of the market. I will update my thoughts.
As you see on the chart, there only 1 #CME #FUTURES #GAP left at 20 - 21K region. Don' t underestimate this and also don' t be pessimistic, just carefully watch #bitcoin moves.
NOT FINANCIAL ADVICE. Dyor.
Btcgaps
Bitcoin Filled the 28K Gap, Whats Its Next Move? Flood Or Moon ?Bitcoin/3H doing a parallel upward channel
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We filled the gap from 27.2 to 28.5 and we are holding AT the top of the gap. showing more Bull control than Bear.
This could break to the upside and goes all the way to ~31.7 Or (~292400)
It could also hold it here untill NY market open then dump it to ~26.8 if that doesnt hold then ~25.2 and if that does not hold ~24.4
Liquidation cluster is empty to the upside but downside in total is 300M around 20K , 140M around ~25K
Thanks for watching
BTC and gapsas you can see ,the purple boxes are old gaps that third of those are filled and after that many days after again bears attacked and broke easy as they can ,focus guys bears needs a good reason for push the price for break this support level again ,so i think market can be green for 2,3 weeks
feel free guys and write your comments for me ,Thanks
BTC CME Gap What is CME Gap? (Chicago Mercantile Exchange) (CME)
A CME gap is created when the price of Bitcoin opens above or below the previous day's close on the CME exchange.
One of the prime reasons for CME gap creation is the fact that CME markets remain closed over the weekend and during a part of the day. Bitcoin, on other spot exchanges, is traded 24×7.
Historically, the percentage of CME gaps that get filled is between 60-80%. Hence,
using it as an indicator provides you with a degree of accuracy. A review of previous events could shade more light on this claim.
Bitcoin #CME Unfilled Gaps#Bitcoin #CME
Unfilled Gaps
There are some unfilled gapes in $BTC that can be filled via down trend 🐻
#BTC price can increase to fill the gap between $5545 and $49265, then with an unexpected drop go for filling the $41185 and $39955, then more drop to fill gap between $33405 and 22860. 🐻🐻
BTC down when Amazon denies BTC paymentsAs we didn't expect - the rumours about BTC payments pulled BTC price higher than H1 downtrend channel.
As we expected than - a good bounce from the resistance of 40500 - 40000 to the level of 37000 - 36500.
The price now is about 37000 and we should share our trading ideas with you.
The main thing is that we are still in a major sideway correction.
It is on the way, and we can see the real efforts to brake the downtrend and move up again (but not now).
There still was no real downtrend correction, as you can see it in the chart.
Probably BTC can move higher, but not so high as the Binance squizze (LOL).
Please also mention that now we have a HUGE GAP on 34550 - 32450 that can be closed in this week.
So we are again looking for a good SHORT position and will keep in touch with more good ideas from Scalper Season Team.
If BTC will be stable for few days higher than 42000 - 41000, than we can expect it above 57000 - 55000.
Bitcoin - What is GAP?You may have noticed that I often use the word GAP, after many questions about what it is. I thought I'd tell you.
What is GAP?
If translated verbatim, a GAP (GAP) is a gap, the difference between quotes on Friday and the opening of the market on Monday. And if the difference between the closing price on Friday and the opening on Monday is significant, then a jump will occur. That is, the price is noticeably higher or lower than the price that was on Friday and it is clearly visible on the chart, as in the example below:
We can see that the closing price on Friday was about $9295 and the opening price on Monday was $9705. That is about 410 points higher than the closing price on Friday:
And this gap, which is formed between the market close price on Friday and the opening price on Monday, is called the GAP. Naturally, a GAP is not always formed. On average, it can be seen once a month and is more common in Forex and stock markets. Sometimes more often, sometimes less often, but the fact is that GAPs happen and you can make money on them.
Why do GAPs happen?
GAPs occur because during the time when the market is not active, namely over the weekend, a certain number of sell and buy orders are accumulated. And when the market opens on the night from Sunday to Monday, these very orders collapse and create a jump, as we saw on the chart earlier.
Of course, this does not always happen, but only when there is a significant advantage in Buy or Sell orders accumulated over the weekend. Market makers see a huge number of Buy or Sell orders and, accordingly, we see the price visually above or below the market close values on Friday.
As for the crypt currency: the futures market does not work over the weekend, while the crypt currency exchanges work 24/7, the price during the weekend can be called.
It is worth noting one important point. As a rule, GAPs tend to close.
Let us consider an example:
Why do GAPs tend to close?
The fact is that when the market opens significantly higher or significantly lower than Friday's price, then many orders are activated, many pending orders to buy or sell. Naturally, the stops of these orders are located near the Friday closing price. And thus market makers try to knock out the stops of those guys whose orders have worked at the opening of the market and take their money for themselves.
After the gap was closed, the market can go absolutely in any direction. There are no special regularities here. In general, the gap tends to close, but sometimes it happens that there is a jump in opening prices on Monday, and it continues. It happens only when there is a strong trend movement or some fundamental factors come into play. For example, something could have happened in the economy over the weekend. That is, there is a tendency to close, but not always. You should keep that in mind!
The probability of closing the gap is ≈ 70%
Push ❤️ if you think this is a useful idea!
Thanks for your support!
Bitcoin short-term probabilitiesBitcoin; Zone in red circle is the region that should be breakout strong for the continuation of the rise. if it happens, can say the possibility exists Cypher Pattern .
In my last BTC{Gap} analysis, created an opportunity to trade from $6700 to $7450. But now we have passed the important neckline area testing phase
I think the direction is upwards for now although there is a probability of retest. My expectation, probability firstly $7000 on short term for now and then secondly $7200 depending on the strength of the bulls.
Good luck!
BITCOIN FUTURES Bitcoin ; everyone is curious, could it be from the ports to take refuge in that the great crisis, the answer is yes for my part. The general picture is like this, but additionally if we examine in a short period the rising wedge is not complete-finished and there is an unfilled gap zone. As well as, there is a possible Bat Pattern -and ABCD Pattern, the inverse H&S in it. In addition to these my count of the elliott waves says the trend is up. Bat pattern is formed and GAP ZONE may be filled with marked zone 3? (wave). It seems it might be at the start of the upward trend also in the short period. Just consists ideas of possibilities. Wishing not to error, good luck!