$BITCOIN - Let’s Try to Understand it

!!! Before reading further - read the previous update.

The price is still moving inside the horizontal channel. Those who followed our advice and traded the price inside the channel now are in great profits, my congratulations. Well, let's back to our channel, currently it looks like a corridor for consolidation, this type of consolidation is very similar to Wyckoff consolidation where the market enters consolidation corridor from top to the bottom and then goes upwards.

However, we can't consider the market from the only one side. Let's talk about the gap on CME. The situation can be interpreted in two ways. First one is that the gap was fully filled and from now on nothing keeps us from going upwards. Second one is that we need to fill the gap with the candle, not with the shadow and we will go downwards from now. What can we conclude? Nothing. Will keep you updated as the situation will develop.