After 6 months absence, going to start my monthly thread on
BTC1!
I have updated the monthly direction table for last 6 months. Even during a major bull run majority of the time CME Week was showing a weakness. However for last 6 months, CME week is showing a more of a ranging performance followed by weakness.
CME Data:
Trade Volume increasing while Open Interest is reducing, meaning contracts are getting closed prior to settlement.
Gaps: Currently 2 major gaps are open
Gap Open - 2022 May , within the price range of 34450 to 35925
Gap Open - 2022 June, within the price range of 27300 to 28945
Trades: Looking for short if price tries to get stronger prior to final settlement date.
BTC1!
I have updated the monthly direction table for last 6 months. Even during a major bull run majority of the time CME Week was showing a weakness. However for last 6 months, CME week is showing a more of a ranging performance followed by weakness.
CME Data:
Trade Volume increasing while Open Interest is reducing, meaning contracts are getting closed prior to settlement.
Gaps: Currently 2 major gaps are open
Gap Open - 2022 May , within the price range of 34450 to 35925
Gap Open - 2022 June, within the price range of 27300 to 28945
Trades: Looking for short if price tries to get stronger prior to final settlement date.
