Not posted a TA about gaps in years , not traded a gap in years , once we blasted off in December 2020 and hit 50k range I thought no chance we fill the two gaps (yellow circles) , gaps are a thing of the past no longer get filled.....
536 days later we fill the 25k to 27k gap and no we have one more gap to fill at 18.3k , this could be the bottom filling this dam CME gap , after this gap we have no lower gaps to fill only the new one created recently (blue circle).
CME is currently at 20k just 2k off the last lower gap to be filled if filling this gap is not the bottom and worst case max pain price would most likely be 14k.
Its also important to note that Bitcoin has never closed a weekly candle under the 200 weekly moving average and right now we are 10% under the 200 weekly .
536 days later we fill the 25k to 27k gap and no we have one more gap to fill at 18.3k , this could be the bottom filling this dam CME gap , after this gap we have no lower gaps to fill only the new one created recently (blue circle).
CME is currently at 20k just 2k off the last lower gap to be filled if filling this gap is not the bottom and worst case max pain price would most likely be 14k.
Its also important to note that Bitcoin has never closed a weekly candle under the 200 weekly moving average and right now we are 10% under the 200 weekly .
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