i've gotten some feedback mentioning this very CME Gab and whether or not it indicates a short therm bearish set-up ..
I have to say that the legendary CME Gabs (difference between last closed and newly opened price on the CME BTC/USD chart) have shown a statistically significant importance.
Traders view it as a tell-tale for retests of lower levels.
I'm not going to go out and tell people to ignore this. We're looking at a 14% pump here, that might very well be challenged.
Personally, I'm taking the position that $10k will hold and that the next challenge will be around mid $11k/low 12k.
Nothing but my personal opinion here .. but I do think this might become a sustained rally. The Volume will tell.
As always, when in doubt: zoom out!
Have a good one!
I have to say that the legendary CME Gabs (difference between last closed and newly opened price on the CME BTC/USD chart) have shown a statistically significant importance.
Traders view it as a tell-tale for retests of lower levels.
I'm not going to go out and tell people to ignore this. We're looking at a 14% pump here, that might very well be challenged.
Personally, I'm taking the position that $10k will hold and that the next challenge will be around mid $11k/low 12k.
Nothing but my personal opinion here .. but I do think this might become a sustained rally. The Volume will tell.
As always, when in doubt: zoom out!
Have a good one!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.