You are viewing a single comment's thread from:
RE: Bitcoin shows extreme strength, lets look at big picture
Thanks for another Video! I was hoping you would be back with a new one and seemed to be checking every day. This one is another valuable slab of knowledge to add to the arsenal. To apply my learning I went and looked at some other charts, particularly OMG, because I have been watching it take off. In the chart below, is this another example of a gap that needs to be filled? If so we should anticipate the price to drop back to around $3.00 - $5.00?
While it would be awesome, for that gap to be filled in a timely manner, it often doesnt happen for a longer than you may expect .. The fact that it is gaping up is eveidence that the buyers way way outnumber the sellers, and that means its showing extreme strength. And then you have to consider the history of OMG, does it fill its gaps? Well, there really is no history so far, so maybe that gap will not get filled.. It's hard to predict, but yes most of the time gaps get filled, and in bitcoins case, it has a good history of filling gaps.. But OMG is very new and who knows...
Thank you and I appreciate the response. That makes a lot of sense!