Bitduke

BTC1! - Weekly CME Gap update (05/25)

CME:BTC1!   Bitcoin CME Futures
BTC1! futures opens with a small gap (~1.5%) down.

Will we close it or not?

I think we will and it get closed within a week. The previous one was closed one day later.

So, if to trade the gap here, it could be something like long $8800, stop below $8600, target $9-9.1k. Maybe we'll get a big candle in that area and fast rejection off $9100.

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Information is just for educational purposes, never financial advice. Always do your own research.
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Comments

in for a pound out for a penny?
+1 Reply
Bitduke alienteck
@alienteck, just an idea, It is not worth it in my opinion. Short $9k / $9.1k currently looks better
+1 Reply
alienteck Bitduke
it made a higher low so should be pretty safe bet.. but my commission rates 2% and then the skew is high so its risky.. It was much easier with the regular broker but even they made it tougher with sec rule changes and stuff..
+1 Reply
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