As you know, the last large gap like that was filled soon afterward with one big red.
This time, I think it might run bear trap first, and go higher to wipe out shorts.
Considering the size of that gap, and previous behavior, there will be a LOT of shorts.
Most of those shorts will have stop loss a little above the gap, or above previous top.'
So what better way for the big money to find liquidity, than to wipe out those shorts.
Thus I think this gap could lead us to a higher high!
But I could be totally wrong and it just fills today..
So this is just a plot to observe, not a trade call.
This is part of my ongoing BTC analysis, and my personal plan is to ride this to 10k per this plot (or I should say 9887.89 to be exact) ...
the Trading View is my Nation.
the Moderator Tag is my Flag.
it might not close, it could be slow close, could many days later.
Or, 'they' might run it up first, take out the Gap shorters, then close the gap.
My interest/hope is possible short squeeze that cascades in the SL' above
Best of luck and I hope you get the gap filled quickly even if that means my hypothesis is wrong....
i also closed rest of my ltc and eth longs--there will be a better entry
I have been selling bits and pieces on the way up, and putting that money back into limit buys lower.
That is my basic strategy when in Hodl mode, sell as price goes up, put the money back in game at a lower price, rinse and repeat until target...
I was almost emtpy bagged last time it hit 8400, then scooped my coins back up on that flash crash and have been selling again since 7800.
Kinda like fishing: I have a bunch of nets in front of me, and I am dragging empty the nets behind me :)