Bitcoin Price Analysis Using GANN Methods - 29-Jul-2024 @ 10:00

Updated

Us this link for Live chart:
tradingview.com/chart/pSJL2B1V/
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This analysis uses GANN methods to map potential BTC/USD movements in a 15-minute timeframe.

Key Levels:

Support: $66,635.28, $67,443.69
Resistance: $69,060.52, $69,868.93

Insights:

The price is currently around $69,528.85, consolidating between $69,060.52 and $69,868.93.
GANN angles indicate critical turning points.
RSI at 60.55 shows a neutral market.

Strategy:

Bullish: Break above $69,868.93 could signal upward movement. Consider longs with stops below $69,060.52.
Bearish: Drop below $67,443.69 may indicate a bearish trend. Consider shorts with stops above $68,252.11.

Recommendation:
Use this chart for upcoming movements until support or resistance is broken.

Note

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Changes in the chart on 30-Jul-2024 @ 11:00:

- I have updated the #BTC chart layout (for 15 minutes) because it has broken the previous support of 66,400.
- The new time slots should provide a better reading experience.
- The previous chart was from bottom to top (Bearish), and the new layout is from top to bottom (Bullish).

All the best in your measurements for forecasting. Thank you.
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Note

New updates on 31-Jul-2024 10:30AM:

I have renewed the idea and expanded the scope of the #Bitcoin movement on the hourly chart so that you can see the upcoming movements more broadly and comprehensively in hourly and daily trading. Here is the new link:

tradingview.com/chart/78D0drwv/

Good luck to everyone, Insha'Allah.
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Trade closed manually

This chart is not valid anymore.

ahmed_albalooshi6666

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