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CRYPTO MECHANIC

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“In order to become consistently profitable, you must learn to trade what you see and not what you think.” Enough experience in the market can delude some traders into believing that they can fully predict price action. Specifically when you start drawing the charts and the market does the exact same you were expecting it to be and you start getting excited. Every analysis you do has the possibility of going against you. There is a difference between predicting the price action and trading the price action. You can predict the price action, it costs you nothing, it only requires some past experiences and how good you’re at drawing levels on charts. But remember one thing: predictions have no confirmations and you can’t put money on something you’re not sure yet. Every time you’re predicting a price action there is always a level that the price needs to break to give you a confirmation that the price will now most likely follow your prediction And once that happens that’s when you put your money in.

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What is Bitcoin CME gap? Cme is a stock broker also offers Bitcoin trading but from Monday to Friday. Since Bitcoin trades 24/7 When cme trading opens on Monday it opens with a Gap in price. Let's say on Friday cme Bitcoin pair trading stopped at $62,500 and during the weekend Bitcoin moved to $64,500 or 58,500 . On Monday CME Bitcoing trading will open at the current market price of btc. The gap between 62500 to the opening price is CME GAP. It can be any gap though. I hope now you understand.

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I read many post that there is a Bitcoin price Gap on CME futures and $BTC will fill last week CME GAP There is a CME gap at $9600 will Bitcoin fill that Gap aswell? it's not something that is really important. Gaps have nothing to do with the prices the only thing that drives the market is market's strength and weakness / Supply or demand. The market can stay irrational longer than you think. Charts are just a tool and it does not guarantee anything. The key is Risk management and your emotional control.

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I think $60k will be a key high timeframe level to hold now. Even if MTgox payments affect the price of $BTC , as long as it holds above $60k. it's fair to be on the bulls side. A sharp move down towards $60k can present a good opportunity (if it comes).

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if you missed my update on $BTC yesterday watch it here 👇🏼

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