After the whiplash we all received when bitcoin was like NOOOOOPEEE after spiking through 9,000, i can see the following scenario playing out.
Retracing to between 8,300 and 8,100 which would actually close the CME futures gap which can be seen here -
Also giving us a nice tap off the TL.
We could break further down to the 7,350 area to close that other gap.
I am more in favour of the 8,300 - 8,100 zone.
However anything is possible.
Remain fluid.
Be like water
Happy trading :)
Retracing to between 8,300 and 8,100 which would actually close the CME futures gap which can be seen here -
Also giving us a nice tap off the TL.
We could break further down to the 7,350 area to close that other gap.
I am more in favour of the 8,300 - 8,100 zone.
However anything is possible.
Remain fluid.
Be like water
Happy trading :)