BTC is in a difficult moment right now but i am thinking this is distrubution fase where whales are going to take money out of the market over a certain period of time.
Historically speaking almost all CME gaps get filled again. I am thinking that after the first rush in december was the high for this month put in the first couple days.
I am thinking we still will see the low of december since the momentum of the market down is after the first days of december
We will see if we finish this downtrend up until the CME gap is filled and we get another point where people are willing to buy again and the liquidity can be refreshed again.
I also need to say that the month december historically is down. History repeats itself and that you cannot ignore.
Historically speaking almost all CME gaps get filled again. I am thinking that after the first rush in december was the high for this month put in the first couple days.
I am thinking we still will see the low of december since the momentum of the market down is after the first days of december
We will see if we finish this downtrend up until the CME gap is filled and we get another point where people are willing to buy again and the liquidity can be refreshed again.
I also need to say that the month december historically is down. History repeats itself and that you cannot ignore.