I'm not trading Bitcoin, but i want to pratice my knowledge.
Updated
So i made this chart, i've learned to doubt 100% of predictions
Still i want to pratice my knowledge on chart and try something.
Price action should stay inside that triangle
200MA weekly is around 5800
if Gann Fan works, then it should stay inside these lines.
My guest is short it till it goes to 6000
but then yes it should bounce back.
if it goes into a purple region its a good sign of reversal the other way.
these are resistance levels.
Still i want to pratice my knowledge on chart and try something.
Price action should stay inside that triangle
200MA weekly is around 5800
if Gann Fan works, then it should stay inside these lines.
My guest is short it till it goes to 6000
but then yes it should bounce back.
if it goes into a purple region its a good sign of reversal the other way.
these are resistance levels.
Note
till july i liked my idea and then i saw the triangle had no resistance after that.Note
as soon as it was out of the triangle, it had nothing to stop it
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