BTCUSD position strategy, Day 6 of 100DAYSOFTA

The weekend is over. Today's analysis will be focused on CME Bitcoin Future chart.

__ I am joining a challenge by a group of traders. The challenge is #100daysofta. Some of the people in this group have posted on $Youtube, $Twitter but I will be posting mine on Hive. The convener of this challenge is https://twitter.com/CryptoluXP However, the frequency might not be daily but it will be sequential. Having said that, here is what I have: __

This is my entry for the 100DAYSOFTA challenge, Monday 1 th June 2020.

The theory of GAPS in the BTCUSD chart is not something we are not used to. But the question is how do we profit from them? As we all know, trading is a probability, so there is an element of losing. However, not taking action is not helpful as well. I want to show us the CME gap ups that we have and the action I will take.

30 mins TF

On this timeframe, we had a gap up when the price pushed up the last time.
The gap at 9245 USD

https://www.tradingview.com/x/Dx6m3or2/

This gap here was filled from the last drop and thereafter the price moved up to around 9500 USD. So if you bought at that 9245 USD, you will definitely make profit.

https://www.tradingview.com/x/BbFzpvZG/

The next gap was found at 9085USD

https://www.tradingview.com/x/dij8MA87/

This gap just got filled some minutes ago

https://www.tradingview.com/x/5Di2W0dr/

Another gap that is obvious is this at 8945

https://www.tradingview.com/x/265tYCRx/ This gap at 8925USD has partially been filled, but not totally filled yet.

https://www.tradingview.com/x/bjQHeikY/

One gap is right here not yet filled, at 8845USD

https://www.tradingview.com/x/PGeaFqY6/

There is a clear one at 7760 USD

https://www.tradingview.com/x/jOe7aWi4/