Bitcoin drops under $37,000 … filling “the gap”?
26 Jul 2021
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BTC is on the move, the down draft was triggered by Amazon’s news:
BTC/USD is losing a little more ground as I update, back under USD37K. Some technical analysts won’t like my definition of gap, and its not text-book for sure … but here is what I’m referring to:
Nevertheless I’ll risk the ire of the t/a folks and persists to call such moves sort of gaps. Besides, the ire of t/a folks is nothing compared with the trading noobies who get upset when BTC falls. Already had a few of them calling the Amazon news ‘FUD’. I have zero tolerance for FUDwits in the comments.