This idea is an analysis explaining Bitcoin’s gaps.
What is a gap?
Gaps are breaks in price
with a low of trading in between.
In forex markets, gaps get filled quickly,
However, in cryptocurrency, it takes months.
Or even years for the gaps to get filled.
The green parallel lines are the gap that is filled because the price got rejected
by resistance one, consolidated below it, and then
passed it once more, broke resistance, and entered
a new price zone
Now by considering the history of cryptocurrency
in pullbacks and filling the gaps and consolidations,
The purple area can be the path we need to pass in order
to get back to new highs.
The Speedometer indicator shows Sell volumes on the market for Bitcoin on a 1D interval.
Let me know if you guys have any questions;
I will be more than happy to help.
Good luck, and thank you.