According to cryptocurrency trader Josh Rager, Bitcoin enthusiasts should keep a close eye on the CME Bitcoin futures chart. The gaps in CME futures historically predicts future BTC price moves on spot exchanges.
He currently leans natural, but BTC futures filling up the gap at filling the gap at $9965 on the daily chart could open the door to a further breakout above $10,000.
CME $BTC Futures:
— Josh Rager 📈 (@Josh_Rager) July 30, 2019
CME is an important chart to watch & looking at one scenario that could play out
I lean neutral sideways but would be intrigued if price moved up to fill the meme gap at $9965 1D close before rejected off 50 MA
Lean bullish if price closes above$10,635 on CME pic.twitter.com/Bf3xFY1xyc
There are still some gaps that haven’t been completely filled over the past two months. Earlier, Chonis Trading, another crypto trader, claimed that BTC would continue bleeding until it fills the $8,515 gap on the CME weekly chart.
$BTC - (cme futures) new weekly candle opens within the range of the previous weeks candle so NO new gap. Only open gap on the #bitcoin “weekly” chart is at $8500 area... pic.twitter.com/2kxzT8tFFl
— Chonis Trading-⚔️ (@BigChonis) July 21, 2019
