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RE: $HIVE & $BTC Technical Analysis - 10.11.2024

in LeoFinance11 days ago

It's true that we have a huge bullish FVG below, created on the 6th, when the results were announced, which I hope it won't be retested

Normally, I believe the market moves to close FVGs before it continues up, but I noticed in past bull market price action that just before BTC does crazy numbers, it leaves some FVGs unfilled, to use it as a magnet to pull price down towards in the bear market that follows in the next cycle. I strongly believe that the FVGs we're looking at right now are those, and that the upward momentum will hold. But it's like you said - This is a game of probabilities.

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Price moves from external liquidity to internal liquidity (FVG) and back to external. So most of the time these gaps are filled, the question is when?

If price is running hot, there's a chance for that FVG to be rebalanced when BTC is done :) Time will tell.