Bitcoin CME Futures | CME GAPs

5 Jan 2021

Yesterday the latest CME GAP was filled with a long-wick... What about the rest?

The RSI here is at its highest ever... Some people call it "overbought" but I would say "super-strong"...

We are still facing the same dilemma, will Bitcoin retrace or not?

Bitcoin will retrace for sure but it is hard to tell when by looking at these charts.

We've seen all the attempts by the bears to push prices lower completely fail but we are likely to see a few more red candles.

When we look at past history, past months, each time a new bearish candle shows up on the daily timeframe we get a least one more red candle or even more... This might be the case here.

Yesterday we got a bearish candle so be aware if you are trading at these heights. (We don't trade here, we focus on the altcoins).

Anyway, the purpose of this post is not to predict the next move but rather to share the CME GAPs.

We have one (1) at $24605 - $26080 and another one (2) at $18460 - $19080.

These GAPs coincide with some of the levels that I extracted before in my previous BTCUSD article, so there might be something there. (Check related trade ideas)

Thank you for taking the time to read. 😊

Namaste.