Bitcoin - CME Price Gaps - A very low one remains unfilled
I see a lot of talk about CME gaps right now since this last run up to $9500 filled a huge one. Now people have identified $7600 as the Bitcoin bottom due to the unfilled gap there.
So along the same lines, just checking to see which gaps remain unfilled further down ....
Look at the 4H and go back to 15 Feb 2019 at 19:00. $3560 gap remains unfilled. What if this recent spike up to $9500 was to fuel up for the next dump ... down to $7600 for a breather, then down again to $3500?
Just as I can see the gap at $7625 filling, I can honestly see it at $3560. If it is "no way, too far away, cant happen, Bitcoin will die" ... then unfortunately, I have heard that story many times before just to see the exact scenario happen.
While I agree long term Bitcoin will see its day in the sun (again), it is hard for me to bet that its the time now. I can just as easily see $3500 as I can see $14,000. If price breaks and holds above $9500, it would inch me toward getting in the Long HODLer boat. But until then, I cannot act surprised if the price comes to sit at $3500.
If anyone is a pro at reading CME gaps, maybe you can chime in on this one. And do you see any others left unfilled?
So along the same lines, just checking to see which gaps remain unfilled further down ....
Look at the 4H and go back to 15 Feb 2019 at 19:00. $3560 gap remains unfilled. What if this recent spike up to $9500 was to fuel up for the next dump ... down to $7600 for a breather, then down again to $3500?
Just as I can see the gap at $7625 filling, I can honestly see it at $3560. If it is "no way, too far away, cant happen, Bitcoin will die" ... then unfortunately, I have heard that story many times before just to see the exact scenario happen.
While I agree long term Bitcoin will see its day in the sun (again), it is hard for me to bet that its the time now. I can just as easily see $3500 as I can see $14,000. If price breaks and holds above $9500, it would inch me toward getting in the Long HODLer boat. But until then, I cannot act surprised if the price comes to sit at $3500.
If anyone is a pro at reading CME gaps, maybe you can chime in on this one. And do you see any others left unfilled?