the market forcefully broke the level 0.61 a great potential to reach the level 0.78
We look at this level if it breaks, it will certainly reach level 1.
the content on this analysis is subject to change at any time .
- CME gaps are looking to be filled up with the surge in buying volume.
targets: 8800- 9100
- possible dip/support buying around:
if the green box support breaks down or a daily close below it signals 4k incoming, otherwise we are looking at a halving pump in the coming weeks
Weekly view confirm that the downtrend is fairly exhausted at current levels.
Gaps below are all filled at this point. Only up-gaps to fill now, which indicates upward price movement.
This is confirmed in the shown chart by all 3 indicators at bottom. Ready for reversal.
I agree with PlanB that this is just normal BTC behavior. "It's just normal #bitcoin...
Do expect a return trip back to the 8k region for this gap to be covered.
I would go ahead and take profit there if you've been stacking your shorts. I do believe we have a double top situation setting up. Correction will resume after double top.
Short to back to 8k, take profit, open long to 8.5k region.
Notice the yellow box up 11K area is a gap that wasn't filled and since everyone is talking about the one at 8.2K i wanted to give this the attention that it needs. So first scénario is a rally up to close the gap then dump again to 8.2k before continuing the bull market. Second scénario is closing the 8.2k gap first then rally up and close the other one on the...