Clear gap above Bitcoin price that needs to be filled
When you look at the Bitcoin daily chart you can see that the price has reacted to the lower line of the modified Schiff pitchfork as resistance until breakout today.
The upper line of the pitchfork intersects with the previous support at 49k and the upper limit of a gap that needs to be filled on the futures chart.
Very short term I am bullish but filling that gap may form a new lower high.
Watch for an immediate savage reversal for confirmation.
Also keep in mind there is now a gap recently formed below the price too.
The upper line of the pitchfork intersects with the previous support at 49k and the upper limit of a gap that needs to be filled on the futures chart.
Very short term I am bullish but filling that gap may form a new lower high.
Watch for an immediate savage reversal for confirmation.
Also keep in mind there is now a gap recently formed below the price too.
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