BitcoinLong
BTC looks like it is ending it's bear market
There are a few different Gann square setups on the weekly chart that are "defensible". Hard to say which is "correct", given the sharp drop at the very start of the bear.
I am inclined to think that this is the operative setup - time will tell pretty soon. We hit the bottom of the 5th square just a few weeks back.
More importantly, we will be exiting out of the square next week. Based on these observations, I will be buying back into btc (for the first time in a year) as soon as my target is hit - probably today or tomorrow...
Happy trading!
I am inclined to think that this is the operative setup - time will tell pretty soon. We hit the bottom of the 5th square just a few weeks back.
More importantly, we will be exiting out of the square next week. Based on these observations, I will be buying back into btc (for the first time in a year) as soon as my target is hit - probably today or tomorrow...
Happy trading!
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