Current Monday - some "micro-gaps day" on the BTC futures chart on CME. Despite the fact that at the moment trading resumed, the price was almost at the closing price on Friday - we currently have four small gaps on the chart, which are only visible on hourly time frames (which immediately reduces their significance, but does not negate the statistic that "90% of gaps get closed"). At the same time, three of these gaps appeared on Monday. It's all about the increase in volatility.
Here are the gaps we have on the chart now:
- Above:
-- 66,720-66,755$,
-- 67,765-67,840$,
-- 68,825-68,930$.
- Below - only one gap and very tiny, 64,835-64,845$. But the closure of gaps is determined not by their quantity and not by their proximity, but by the trend. And just now, alerts about downtrends on the 10- and 15-minute time frames came from our indicator on the spot chart, which, considering the downtrends on all older hourly time frames, increases the likelihood of heading towards 64,835-64,845$.
Here are the gaps we have on the chart now:
- Above:
-- 66,720-66,755$,
-- 67,765-67,840$,
-- 68,825-68,930$.
- Below - only one gap and very tiny, 64,835-64,845$. But the closure of gaps is determined not by their quantity and not by their proximity, but by the trend. And just now, alerts about downtrends on the 10- and 15-minute time frames came from our indicator on the spot chart, which, considering the downtrends on all older hourly time frames, increases the likelihood of heading towards 64,835-64,845$.