Look at the chart carefully, you will see that last Friday on 26th May Price closes around
27K
and after that on 30th May Price opens at $27.8k which will leave a gap in the chart and yesterday we filled this gap.
Now our big question is whether all CME Gaps are filled or not. These CME gaps have a tendency to get "filled” – meaning that the market corrects back into the gap. While sources struggle to agree on the exact percentage, most of them agree that at least 60-70% of CME gaps are filled eventually.
So according to the chart, we have filled our recent CME Gap which is around the 26.8k level so there is a chance that we might see a relief rally now up to the 28k-
29k
from here.
But we also have a huge Gap left around $20k which might be filled sooner or later imo.
@captaincryptosignal
