Send me real-time posts from this site at my email

CME visuals (2nd possible scenario) Patience pays off (BTC)

CME visuals (2nd possible scenario) Patience pays off (BTC)

If we break back above $32,500 on (spot) it's likely we get another push up towards ($36,140) which is likely where we get the 3rd validation point on the downtrend as well as the retest from the broken trend line ( bearish retest) which if we get a rejection will send us back below $32,500 (s/r flip) from either support to resistance or as of right now (it's still resistance).

This is just an alternative scenario on the CME charts and won't even have a clear visual on this until tomorrow night/Monday.

99% of CME gaps get filled sooner or later (fact), the question is when?

We've clearly been in a downtrend since the ATH at $42,000, and until we break above that downtrend the trend is your friend and that is currently bearish not bullish even if we break $32,500, and $34,000. We'd have to break above $36,140 on a 4 hour, 6 hour, or daily close in order for me to flip bullish again.

YouTube channel coming soon!

Enjoy your weekend, I'll be watching the McGregor fight cheering on the irish fighter.

Please get this technical analysis to 30+ likes to unlock tomorrow's/monday's TA 👍

Welcome! Is it your First time here?

What are you looking for? Select your points of interest to improve your first-time experience:

Apply & Continue