MBT1! trade ideas
Bearish wedgeBearish wedge breakdown is clearly visible. Breakdown has led to LLLH structure which is another sign of bearish market. Long wick has appeared but this might be just profit booking. Breakout gaps generally take time to fill up. So I epxect 61300 to act as stop loss for all incoming short in the range of 55500-57500 for target of 39100.
Disc : it's not an investment advice to buy or sell
BITCoin with EWOm Namah Shivay
Bitcoin progress from Mar 2020 Low
has been spectacular.
From Mar 2020, Bitcoin graph steady
enough, Now it looks for some correction
possible, Looks the 3 of the impulse
has been done or near done.
This is only for education and learning. No trading suggestions.
Om Namah Shivay
CME / GAP ! ! ! Weekly Update !Hello like every week a CME and GAP point, so the gap of the week before (blue circle) has finally been really filled, this weekend a new gap is formed (yellow circle orange line) at 8540 for the wick , 8500 for the body, theoretically to fill a gap you have to get the body of the candle but it happens from time to time that we are content with the wick ...
So we can expect to go to 8500 this week.
I also remember that a gap at 7680 (red line) has not really been completely filled (a few dollars), you see if it matters or not :)
Otherwise on January 31 it's the end of the contract opened in late October around 9500, as I said last week, they will try to move as far as possible from this price to close their positions ...
personally I think it happened Friday when we corrected to the 8200/8300, it is rare that they wait until the last minute, and there are only 3 days before closing ...
next closing to watch, on February 27 that of the contract opened on December 2 around 7300/7400 dollars ...
This is the one who will tell us if finally the cme went from short to long and who will confirm, the bull run and a continuation of the rise, indeed if the latter has been short we will necessarily go down again. .
ps : sorry for my english , Im french !!!
like if you appreciate , thank you :)
