A few days ago, the price of Bitcoin has formed a new GAP in the CME. Yesterday you finished filling it.
Following the price of Bitcoin by the CME has made it easier for days to predict the possible upward or downward movements.
Let's see
Yesterday we see that this was the movement of the price of Bitcoin
Remember there is another GAP in the range of $ 8,300 to $ 9,100
Bitcoin's price has regressed and stopped at the 21-period MA 1-day midline.
Possibilities
Bitcoin price could pick up strength in 21-period median line to start new bullish cycle, to complete other GAP
The price of Bitcoin is in downward correction to break the 21-period median line could reach the upper limit of the bearish channel approximately $ 7,300. That would coincide with the 0.382 fibonacci retracement.
And what do you think?
Will the price of Bitcoin continue to drop or will it seek to complete the GAP of $ 8,300 to $ 9,100?
Leave your comment or vote.
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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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The count of the green wave 5 in the last picture looks a little bit strange, but I don't know if you are using Elliott Wave here.
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You are right the price movements in the CME, they form very particular elliot waves and differ from the exchanges.
Adapt the elliot waves to their particular shape and the analysis was done in 4 hours so that it shows well how the waves form
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