The Bitcoin CME futures chart left a new open gap on the CME futures chart this Monday when it Gap down at the open at around $7,300 USD.
There is also another open Gap, a huge Gap at around the $9,100 USD level.
It is also note that almost all Gaps get filled, like 90% or more. And to do that, the Bitcoin price will need to climb above $7,300 USD to close the Gap that has formed today. And to $9,100 to close the other huge open Gap.
The Crypto Fear and Greed Index is at 11, indicating yet Extreme Fear. Meaning most people are expecting Bitcoin to collapse while it is slowly climbing higher. As this index turns more positive, with a higher number than 11, Bitcoin will start climbing faster, and eventually top out at extreme greed levels. Yet is seems like a long way to go for that.
alternative.me/crypt...ear-and-greed-index/
I know most people are expecting Bitcoin to crash big time right now, yet Extreme Fear readings means that Bears are out of gas, yet bulls have not shown up. So, we are slowly climbing higher. And yes, it could drop to $6,000 or so, but not to $3,500 or lower like some are predicting. Good time to accumulate if you ask me.
My expectation will be for those Gap to close in the next 3 weeks if not a lot sooner. But if it drops to $6,000 first don’t panic. I don’t expect that, but it could happen.
Too messy for me to try to trade it in the short term. I’m focused in the mid-term, the next two months.
Feel free to post you analysis and comments in here and support me with your likes.
Good Luck to You
There is also another open Gap, a huge Gap at around the $9,100 USD level.
It is also note that almost all Gaps get filled, like 90% or more. And to do that, the Bitcoin price will need to climb above $7,300 USD to close the Gap that has formed today. And to $9,100 to close the other huge open Gap.
The Crypto Fear and Greed Index is at 11, indicating yet Extreme Fear. Meaning most people are expecting Bitcoin to collapse while it is slowly climbing higher. As this index turns more positive, with a higher number than 11, Bitcoin will start climbing faster, and eventually top out at extreme greed levels. Yet is seems like a long way to go for that.
alternative.me/crypt...ear-and-greed-index/
I know most people are expecting Bitcoin to crash big time right now, yet Extreme Fear readings means that Bears are out of gas, yet bulls have not shown up. So, we are slowly climbing higher. And yes, it could drop to $6,000 or so, but not to $3,500 or lower like some are predicting. Good time to accumulate if you ask me.
My expectation will be for those Gap to close in the next 3 weeks if not a lot sooner. But if it drops to $6,000 first don’t panic. I don’t expect that, but it could happen.
Too messy for me to try to trade it in the short term. I’m focused in the mid-term, the next two months.
Feel free to post you analysis and comments in here and support me with your likes.
Good Luck to You
