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/biz/ - Business & Finance

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File: 130 KB, 1560x908, volume gaps.png [View same] [iqdb] [saucenao] [google]
16618025 No.16618025 [Reply] [Original]

Currently there are 2 huge volume gaps between 1k and 6k. Historically Bitcoin tends to fill these volume gaps before it makes further movements with the exception of 2017 bubble.

https://www.youtube.com/watch?v=ficYcz8y7mM

>> No.16618041

>>16618025
And? How do I profit from this?

>> No.16618050

>>16618041
sell

>> No.16618053
File: 90 KB, 1560x919, 1572697159192.png [View same] [iqdb] [saucenao] [google]
16618053

$4500-5000 EOY

>> No.16618062

>>16618025
Please crash already so I can get on with my life

>> No.16618078

average mining cost is ~6k and the most efficient miners are still profiting at 3900. the hash rate will collapse if it's anything more than a wick.
not saying it's gonna fill but if the lower one does it's for sure going to be a massive buy-in / v shaped recovery so might as well put some limit orders for spot around that range. for the 5k/6k range it can sustain a period of accumulation likely with some miner capitulation of the inefficient miners.
anyway i think we're clear for another bull soon (after christmas) but i could be wrong.

>> No.16618142

>>16618025
Has BTC ever dropped below and previous cycle's ATH?

>> No.16618182

>>16618142
in 2015

>> No.16618421

>>16618025
This looks like the double top of an 8-year bull market.

>> No.16618435
File: 193 KB, 912x900, 1540314414474.png [View same] [iqdb] [saucenao] [google]
16618435

>>16618421
then short it & stfu