/biz/ - Business & Finance

>>15078887
There's no good reasoning behind the gap thing other than they have been filled almost every time in history. It's mass-hysteria thing.

>>15078924
And if the mass-hysteria is strong enough, the gap will be filled. I would believe more in Asuka's predictions.

>>15078924
Completely agree.
If any other anons out there have a different opinion, would love to hear.

I think it's a self-fulfilling project type of thing.
Lots of people believe in it, so the money of the people that believe in it makes it happen.

I mean, every trader I've watched that was worth his salt knew about gaps and traded with those in mind.

I think things like "bitcoin goes up, alts go down" is a similar thing, too many people believing in it.

I used to think it was alts maintaining their USD value, but sometimes they dump too little or too much, and it affects even alts that have no USD(T/USDC) pairing, and most importantly, 90% of the time they bounce right back.

>>15078972
>project
prophecy, damn autocorrect.

>>15078887

if you look left of the gap there's enough OHLC data there to chart from. gaps don't *have* to be 'filled', there is no trading law or common guideline dictating this, and any 'trader' that thinks gaps *have* to be filled to the right of the gap are retards. it's literally a false narrative parroted by crypto twitter brainlets with .1 btc bags - just like when crypto twitter turboplebs said the bitcoin marketcap can't go below 100 billion because it 'wouldn't qualify for an ETF if it did'.

>>15079066
Yeah the difference is that the first gap was in a void whereas the second gap is over a strong resistance. Doesn't look like it will fill easily.

>>15078887
Its a giant meme, nothing has to be filled. There is a gap at $3k but doubt anyone knows that, $9k was the bot

>>15078887
it will get filled after all the shorts get liquidated.
once there are o more shorts, then it will go down and rekt the longs.

>>15079195
Post the gap. I believe you, it's just I'm on my phone and it's hard to pull up the charts

>>15078935
I have created the forbidden chart
16k end of October 2019

>>15078887
It shouldn't but it also coincides with the 20 week moving average which has historically been strong support in an uptrend. I would argue if this is indeed the start of a new bull cycle we need to have some healthy pullbacks to this support line

>>15080034
Btc looking more and more like a bulltrap

>>15080169
Because it is a bulltrap. Every high since the peak of this last pump has been lower.

>>15080330
Do you think it will slowly bleed out, or will there be another bullrun?

There is some Asuka Prophecy that would suggest that we are at a bear trap, but somehow I don't think thats true.

I'm just a brainlet and feel confused now.

ACTION SHOT.

Check out the charts:

https://www.tradingview.com/u/carsonfortson15/

>>15080169

>>15080459
Haha wut

>>15080034
>>15080459

pajeet tier TA. don't post on here ever again.