Bitcoin continues to hit new highs, which should be a happy day for all the bulls. But we all know that when you're accelerating, you're also getting close to the top. After topping $20,000, bitcoin was rising at a rate of almost $1,000 a day.
Due to the technical problem of the weekend suspension of CME, there was a weekly level jump opening on Monday. If this gap is not filled by the end of the week, it becomes the first weekly line level gap.
We all know that the CME has generated 3 daily line level gaps prior to this, and none of them have been patched up. But in 2018-19, the CME's Bitcoin contracts have always had gaps to fill.
Now we are going to look at what happens when the CME produces a circular gap. For now, most people are likely to see bitcoin in need of adjustment, but it's not clear when that adjustment will begin or what form it will take. If this adjustment occurs next week, that is, after the confirmation of the cME weekly line gap, and is in the form of a large waterfall adjustment. Then a classic K - line shape may appear here - floating island. Those of you who like to study the K line are probably familiar with it.
Of course, it's just a guess at the moment, depending on where bitcoin goes.
Suggestion: At present, the gap between the long and short of the market is getting bigger and bigger, the contract position is also increasing, the shanzhai currency began to stagflate, THE XRP storm continues, the market risk is intensified, it is suggested that investors keep enough sense. Don't be the last to pay.