CME gap closures are a strong indicator for BTC behaviour because the formed gaps have a chance of over 90% to be closed. We should therefore always consider CME futures gaps to be closed with a very high chance.
Current situation: We are approaching the 20K-21K gap which is close to major support around 16,5K-17,5K area. Expect price to dip down before we might see a trend continuation. If we won't break the low - fake break out - that will be a healthy sign since we would be forming a new higher low which is good for overall bullish market structure.
First goals: 1. There is an open gap around @ 20K-21K. 2. Another gap to the upside @ 34,5K-35K.
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