As you can see on the hourly chart of BTC, using GANN which perfectly fits the graph (especially 200MA) we are on the edge of a breakdown towards below. It will happen in steps but 8.8k (50 week MA in bold blue) will be the first target. Afterwards, probably even lower than 8k will also be tested first, before a mega trend towards ATH can start
Trade active
Note
1st GANN target reached @9475Note
2nd GANN target reached at 9200 and partially we have seen towards 8900 - DO NOT TRY TO GO LONG FROM HERE - i'll updateTrade closed: target reached
We closed at 8800, profiting 1k... resting for a while
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.
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.