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!
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