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Today’s report will include:

• Updated Technical Analysis

• Other key market developments

• Market Psychology

• Trading Tools

Bitcoin Futures Gap 📈 

In Today’s analysis -CME Futures Chart - gaps arise in this chart as the cryptocurrency market is open on weekends, whereas traditional markets are closed. As a result, there are differences between the Friday closing price and the Monday opening price.

As of current, there is a noticeable open gap that needs to be taken into consideration when making trading plans.

Points to consider ✍️ 

• High Probability Gap Fill

• Local range gap fills

• Rotational trading range

Historically speaking, there is a high probability of open gaps being filled and/or revisited at some stage. This can be back tested by looking at historical data on the chart.

Bitcoins current noticeable open gap is sitting at $78,269, this does not mean that Bitcoin is going to plummet to this price point. However it is important to keep in mind that at some stage this gap will fill.

Price action essentially will confirm a larger time-frame trading range that will solidify itself once the gap is fulled. This specific information needs to be taken into consideration when executing trade plans.

Hope this analysis helps.

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X Segment 📰 🗞️ 

Trading Psychology  🧠 

Bitcoin Insider bouncing back to work, See you in the next one! 👊