Backtesting Bitcoin CME gaps shows they normally get filled so there would be no surprise if Bitcoin tests back down around the 24,000 mark or even around the 17,000 mark,
Time will tell.
That was without a doubt a local butt,,proper dump afterwards and now a new local low,,wonder when the real low gets set in,
Another fun chart just for fun,,got 65% on the last one let's see what is next,, none of this is financial advice just posting for fun to break up the TA. : )
I love spending many hours on technical analysis and sometimes like to do a wee fun drawing on the chart to highlight an idea.
Bitcoin looks like it put in a local bottom and is having a wee bounce.No telling how much of a bounce but hope the chart makes you smile.
On the 19th of April 2021 I published a "To the moon chart" for Shiba for my own entertainment to break up the TA session.
While a fun idea I had tracked Shiba from it'searly days on Uniswap, CoinMarketCap and done due diligance on the Shiba website and team of developers.
I was of the firm belief Shiba was going to go on a Journey much like Doge coin before it...
Made a to the moon chart for fun for Shiba last year and what do you know it went.Polydoge is going to do the same if you have enough patience to hold.Not financial advice just another idea I would like to share for fun.
Check my Shiba to the moon chart for confirmation.
Study and prosper.
Bitcoin has held support 4 times in the average region marked by the 4 white drawings.
Is this a possible bottom.
There are some waiting for 40,000 or 38,000 for a bottom.
This is Crypto so nobody knows but if everyone wants to go long at 38,000,,no better poker game than to hold higher and bounce from there.
Or go lower than 38,000 and then I will scratch my head...
Can Bitcoin close a daily candle above the downward trendline and start the next breakout after all the consolidation.
we will know soon enough.
Ethereum has had a monster run and maybe one more push before it goes into consolidation and Bitcoin would have room to go to the next level.
