BTC1! CME weekly candle indicates major change in trend

The CME has formed a weekly bearish engulfing candle if price don't go above this level until Friday's close. A weekly bearish engulfing candle almost always indicates a change of trend downwards. Maybe the CME gaps will be filled as greater than 90% have been historically filled. The few that were not filled like the 3.6k and 9.6k, might have been closed internally by the CME .

Blue boxes are unfilled gaps.

Commentaire:

Worse close than expected. I call 58k top for this bull run, maybe a couple of month of bear trend.