{"id":193224,"date":"2021-06-19T05:00:00","date_gmt":"2021-06-19T04:00:00","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=193224"},"modified":"2021-06-19T10:27:10","modified_gmt":"2021-06-19T09:27:10","slug":"legendary-trader-points-out-bearish-cme-gap-as-bitcoin-ethereum-take-a-hit","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/legendary-trader-points-out-bearish-cme-gap-as-bitcoin-ethereum-take-a-hit\/","title":{"rendered":"Veteran trader points out bearish \u2018CME gap\u2019 as Bitcoin, Ethereum take a hit"},"content":{"rendered":"

Bitcoin and Ethereum prices start to fall as the weekend approaches, a move that has become a familiar pattern in the past few months.<\/span><\/p>\n

It can be seen that weekends recently have been \u2018red\u2019 for the cryptocurrency markets as the volume drops along with the price.<\/span><\/p>\n

A lack of buyers leads to sellers taking control and pushing the price further down especially on weekends. Such price action has caught many crypto hopefuls on the wrong foot and claims the market is entering into a bear market…again.<\/span><\/p>\n

But some even see further downside. \u201cSome traders claim that all gaps in the CME Group Bitcoin $BTC contract get filled. Here is one that has not yet been filled at 24,210,\u201d tweeted Peter Brandt, a popular futures and crypto markets trader.<\/span><\/p>\n

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Some traders claim that all gaps in the @CMEGroup<\/a> Bitcoin $BTC<\/a> contract get filled. Here is one that has not yet been filled at 24,210. pic.twitter.com\/U6EEFqPlnE<\/a><\/p>\n

— Peter Brandt (@PeterLBrandt) June 16, 2021<\/a><\/p><\/blockquote>\n