Big gap on CME. Correction $16500 or growth to $ 20,000Hello 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!"
