RACEACEACE BITCOIN UPDATE incoming chop
On Lower timeframes, (6 min + below) the price is about to / is already nearly below the blue 1/1 Gann Fan line. The zone between the blue 1/1 line and red 2/1 line marked in red circle becomes a chop zone. Holding trades is not wise. All trades below the blue 1/1 must be in and out scalps. Once the price is below the red 2/1 line take only short trades: the price becomes beaRush below the red 2/1. I am traveling, my flight is taking off so my Gann fan may not be 100% precise as it’s drawn from my phone but you can approximate. Keeping money is more important than making money. Happy holidays!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.