Bitcoin Fractal of 2019 and filling the CME gap?
This analysis I think speaks for itself and it is just a warning to those who see it, to temper their enthusiasm and be careful.
Like in 2019, we have a CME gap at the bottom of this bull run, around 23k to 26k. There is a credible chance that these strong parallels in circumstances and fractals as circled are more than just symmetry. This local top is shaping out just like the top of the 2019 run. It would've recovered, but for the COVID crash worldwide. BTC was pulling away. So this isn't a doom and gloom, but 23k - 26k is the biggest CME gap we have from 24 Dec & 28 Dec 2020, and all gaps in the past have been filled.
Like in 2019, we have a CME gap at the bottom of this bull run, around 23k to 26k. There is a credible chance that these strong parallels in circumstances and fractals as circled are more than just symmetry. This local top is shaping out just like the top of the 2019 run. It would've recovered, but for the COVID crash worldwide. BTC was pulling away. So this isn't a doom and gloom, but 23k - 26k is the biggest CME gap we have from 24 Dec & 28 Dec 2020, and all gaps in the past have been filled.