Bitcoin’s CME futures gap gives a clue for the 1st big correctonAnytime you see a gap in price action like this they almost always get filled, and typically get filled sooner than later. So while there is a chance bitcoin could turn the current mild retracement into a deeper pullback that goes down to fill this gap, until the current support on btc is broken, which is the top trendline of the rising wedge it now currently has 3 consecutive daily candles above(not shown here), I think it’s more probable that bitcoin waits for a much more powerful resistance line that results in a much stronger rejection before it corrects back down far enough to fill this gap. If the current pullback doesn’t lead to the gap fill then my guess is once we retest the top green trendline of this group of channels:
That this would be the perfect time to have our first significant correction of the current parabolic phase of the bull market. I will be prepared for either zone to have a chance to fill that gap and plan accordingly, Also a few measured move targets around the 115 - 116k range so a pullback could potentially occur around that zone as well. *not financial advice*
