₿itcoin begins isn’t tired after “Three Gap” exhaustion pattern repeats

On an hourly candlestick chart of continuous Bitcoin futures on the CME’s exchange some very unique and telling pattern pops out and is set to repeat for the fourth time in a 48 hour time span. This pattern is called a “bearish three gap” and usually signals an exhaustion of the current trend. The first occurrence on our two day hourly candle chart (first in gallery) is illustrated by the solid green lines representing each of the three consecutive downward gaps. This was followed by a bull trap that filled in the bottom of the three gaps before crashing immediately after.

In our second “Bearish Three Gap” we fall from about $6,900 to $6,775 after our first exhaustion pattern we have a bull trap following this four candle pattern. This happened four hours before writing this, when pricing went nearly $100 higher than the second “three gap” creating another bull trap leading us to our current action and pattern. As of 4:20 PM EST 4/21/2020 BTC is trading at $6,880 and has just formed the first three parts to yet another “bearish three gaps” immediately following after the second false breakout following this formation. At the end of the day the third Bearish Three Gap but none the less we have already lost all of the gains made in March and its looking like a year after halving approximately 11 months from now to take out the all-time highs at $20,000.