$BTC Finally Big Gap filled at $26.625 - $24.100 . any last gap bottom at $19.110 - $18.395 area at the time thiz zone last peak support all time high BTC before . if we see the market potential visit and close the gap
Last night I was looking into BTC to short my position and my eyes bumped into this interesting pattern.
So whenever BTC made a gap in bearish wave/impulse. That wave ride upto 54-60% everytime.
I saw this 3 times already and this is happening now at the moment of writing too.
And what make it more interesting is which happened first time there are two gaps in...
Bitcoin sitting pretty here above the golden pocket. It's also sitting between 2 gaps. One is set to close below 25k, the other one closes above 36k.
I'm willing to bet we close both in sequence. The lower one first, followed by the 36k one, which should constitute our 1st subwave of the 5th and final wave of this bull run.
This is my current take on bitcoin....
I had a bias of BTC going back up to reclaim 35k at the very least before laying eyes on this chart.
From an EW perspective, we had previously drawn a shallow 2, and a deep wave 4.
Now if we dive into the subwaves of this wave 5, I feel like wave 3 could be finished and we need to go up and fill that gap to play out wave 4.
Safe trades to all.
You see Luna with two strong support S1 and S2.
bearish candles are obviously strong
but now it hit good supports which make them weak.
S1 place on EMA200 and become more stronger.
wait for swing signals.
So if we rewind back to last spring, I had outlined the flat possibility at that time. I didn't think it would make it past ATH tbh. However it did and it made a beautiful flat with the length of A and C matching, which is textbook. Assuming this is correct and the B wave is not wave 5, we are in for a great year in crypto.
Dominance is also begging for a 5th...
There are some unfilled gapes in $BTC that can be filled via down trend 🐻
#BTC price can increase to fill the gap between $5545 and $49265, then with an unexpected drop go for filling the $41185 and $39955, then more drop to fill gap between $33405 and 22860. 🐻🐻
Bitcoin has had a beautiful breakout to the upside of this falling wedge i was talking about last time, previously we saw 2 other falling wedges with the exact same setup as we currently have, a breakout to the upside of these wedges lead to some serious price action of about 60% gains. Due to the market correcting pretty heavily over the past month i expect this...
Taking a look at our Futures for BTC i have noticed something very very similar, a continues set of falling wedges where once we breakout to the upside its explosive and can lead to huge gains. Basically this TA in my opinion shows us how valid the "bullrun" still is, and as ive said before and ill say again, i personally think we are still in a strong bull...