BTC Weekend Trading Opportunity: Gap Boiz Watcha Gonna Do?Almost immediately after CME closed at Friday's bell, the weekend fackery began!
Bitcoin saw a steep decline off current resistance from $8500 and is picked up at support above $8200.
BTC currently trading above $8300. Without 4h closures below $8200 this weekend, look for a gap fill come Sunday/Monday/Tuesday/(?) when the real traders take the helm.
At this moment, three things are likely to happen...
1. Price action ranges through the weekend and ends up on the upper end of the range and no gap is created on opening bell at CME on Sunday. (Go long from here)
2. Price action ranges and ends on the lower end of the range. A gap is created, then filled sometime in next weeks trading. (Go long from here)
3. BTC takes a deep dive from here and no gap fill (4h candle closes below $8200 leads to continued macro downtrend). (Short after confirmation of $8200 break)
And yes, of course BTC can rocket past CME close before the weekend is over to create a gap to the upside, but based on current price action a movement like that is possible, but unlikely. If you see 4h closures above $8500 or (4H 21 exponential) and you are not already long, you might consider to do so.
People ask "What is the significance of CME Futures contracts?". The reason why CME trading has significance is due to the fact that this is where the experienced, traditional traders trade. Real traders do not trade on Bitmex, Binance, etc. The smart money is at and trades with CME.
So...do you take the weekend off and enjoy your life?
Or do you trade for a gap fill from the current range?
Alway be prudent with your trades!
Plan before you trade.
Know your entry.
Know your take profit area.
Use a stop loss.
Understand the amount you are risking.
Do not over leverage.
Happy trading to all!
Let's be rich with ideas, love and happiness beyond all monetary value.
💡❤️😃🙏 > 💵
Novelty use only. This is not financial advice.
Weekend
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AUDUSD: My Positions Are Finally Moving After NFPWelcome to this new idea traders!
After Fridays NFP we saw massive moves around some USD related pairs. Although news were positive for the dollar, dollar spiked and price went down.
Glad i held my entry on AUDUSD and we saw a nice up move after the NFP news.
Im expecting another bullish move during next week. How was your NFP trading going?
Wishing everyone a great weekend and see you next time guys.
Remember this?Remember when I drew this log?
This stock continued spiralling down!!
Any saving it?
Earnings coming up on Monday!!
EURUSD: Friday Trade Whats up ? Hope everyone is starting their weekend right!
Here is a trade i took on the late Friday. EURUSD is showing a divergence on the 1h chart and did touch the bottom from the left by a few pips. Price did 3 waves to the downside and created a solid downtrend trend line, which if it will be broken could turn into some huge upside moves. Let us see next week.
And here's the sell offWhatever you do, dont sell Ripple you bought at a price higher than any fee's and ask/bid spread, if it's too late just hold on, and if you did it right you still have untouched money. Wait it out and try not to sell, it will come back.
Most sell off's like this induce fear. Fear generates BAD decisions. Bitcoin is doing terrible. Large investment in XRP has multiple upon multiple profit possibilities.
And if you buy it, and have access to useage , use cases, try to support them. In the meantime wait until everyone who freaks out sells and then buy. Big money has been doing to us forever. The signals point down.It will pass.
keep money in reserve.
Fortis Fortuna Adiuvat.
Caveat emptor
**I am in no way a professional and posses no license to advise or offer advice, financial services etc. I have studied , can see the b.s. for what it is. I believe in this project, but the community will ultimately decide whether or not they want to replace Bitcoin F.O.M.O. with Ripple proceeds.