if you look at previous rise we did not break down, what makes this different? Total Crypto Market Cap is rising and looking strong, yes 12k is a very strong resistance point, but why would we break 10k on a drop?
@cryptoguide_NL, I can see this as a likely scenario to fill the CME gaps but wouldn't this mean that btc will go into a bear market as it would be under the 20 week MA?
i don't trade based on MA's... but a wick below and close above is not bearish..
After a 5 impulswave we working on the last correction wave ( C )
Also a retest after breaking out from a multi-year triangle is not bearish and it is very likely.
After this last dump towards 9k we gonna break the ATH.. from 4k till 12k was just wave 1, after this correction ( wave 2 ) wave 3 will start and this is the largest wave in a market cycle.
Regards.
Shihiko
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@cryptoguide_NL, actually yeah I always forget that the weekly still gets a week to actually complete it's candle. I agree with the TA because I think a retest is more bullish, also would very much prefer the market to close those gaps.
Sputnik007
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Well done
ovide
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Gap is been filled long time ago.
No gap anymore there, we got wicks in that price range, That was enough to fill it.
This myth in crypto that it needs to cover the whole price range is invalid.
We could go as low, but wont have anything to do with a gap fill.