Remember the gap in the cme?

20 ביולי 2021

In financial markets, some conventions, although not too much scientific basis, but magically exist. For example, gap theory, cme has been following the principle of gap ratio filling.
There are several more obvious gaps in this wave of rise. On December 24,2020, cme's btc contract opened high, leaving a gap of nearly $2,000 USD. Then then soared until the peak of $65,000.
After four months now, the bitcoin price has fallen below $30,000, and macd also faces a bottom departure, but where will it be the bottom?
If we look at the gap theory, if the gap is closed down, here is a complete adjustment, if the decline is fast, the macd may form a bottom departure, then. The gap of $23,795 could be the target for this adjustment. Here corresponds corresponding spot price if we follow
Of course, this is just speculation, and does not serve as the final admission signal. We should still respect the market, observe the discipline, and adhere to the right-side buying standard.