Bitcoin (BTC / USD) CME: GAP. It will fill up? Bitcoin going up or down?
Bitcoin is retreating today, a GAP has remained pending to fill up to $ 11200
Could Bitcoin go to fill the New GAP that has formed this week?
Let's see
Today short analysis
Bitcoin price has touched the bullish central channel resistance and price has bounced down. Up or down?
In the previous CME post I analyzed that bitcoin could fill the gap and it did.
Today I will analyze if the price could repeat the behavior of last week, filling the new GAP and continuing to rise.
GAP
There is a new GAP that has been formed at the beginning of the week, that to fill it the price of Bitcoin should fall back to $ 11200.The RSI is in overbought values on 4hr charts and could be an indication of a correction.
That price puts Bitcoin inside, like the GAP that has been formed, this setback would not modify its upward trend in the medium term, which has been following for months.
Elliot Analysis
Last week it took 2 days to fill the gap, this time it could repeat, correct up to $ 11100 approx, forming a wave 4 of 5 sub-waves of elliot.The price of $ 11100 has been a resistance in the price of Bitcoin and could now act as a support. To get in a wave 5 to $ 12600
Another possibility is that it does not fill it soon, we already saw that there is another GAP at $ 9600 dollars, which until now has not been filled
What you think?
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Protect your assets use Stop loss
The alcoins market is very dependent on the price of Bitcoin, when Bitcoins goes up the alcoins go up more, but also in the other sense, so I suggest that you periodically review a Bitcoin and use stop loss and move it when they are already in profit. Do not let a profit become a loss.
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