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BTC - CME Gaps | Daily

Tsyuki@bbs profile image
Tsyuki
May 17, 2022 9:33 AM
Just a quick look at CME Gaps.. No new ones as far as I spot them on higher time frames. I don't rule out the possibility that we can still go down to fill the lower gap between 26505 and 24660. Long squeeze and it's done in principle.. but it could also be that after this low we will first see a bit of side value price action ( similar to last year May - June - July before we went to see another run.An impulse from BTC or any chart will always go up or down.. after that you get some kind of side-ways trend of (x) period... before another impulse comes up or down.CME Gaps usually get filled 90% out of the time. We are yet to find out when.We will mostlikely first take a dip towards the lower CME Gaps around 24k. Worst case if we would lose this 24k, i'd look towards the gap around 18k (long-squeeze could bring us this low). After that i'd set my eye's towards the CME Gap around 36k. This would be "healthy".Just a quick look at CME Gaps.. No new ones as far as I spot them on higher time frames. I don't rule out the possibility that we can still go down to fill the lower gap between 26505 and 24660. Long squeeze and it's done in principle.. but it could also be that after this low we will first see a bit of side value price action ( similar to last year May - June - July before we went to see another run.An impulse from BTC or any chart will always go up or down.. after that you get some kind of side-ways trend of (x) period... before another impulse comes up or down.CME Gaps usually get filled 90% out of the time. We are yet to find out when.We will mostlikely first take a dip towards the lower CME Gaps around 24k. Worst case if we would lose this 24k, i'd look towards the gap around 18k (long-squeeze could bring us this low). After that i'd set my eye's towards the CME Gap around 36k. This would be "healthy".
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