Very interesting how each corrective leg has brought price right to the gap in CME's. Bitcoin rising up above the 21D EMA makes it look bullish right now, but this market has a way of surprising us! Let's see if we take a 4th leg down to the gap at 8,500, which will also be near the 21W EMA which was our final corrective target during the last bull run.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.