BTC getting close to a decision point
Updated
I drew a triangle to show what BTC looks to be doing. It's just barely staying above the long term arc (the dashed curved line). At some point, it will either break higher, headed to 14000. OR....break lower to 8400-ish.
The Gann Fans are pretty amazing in how BTC price action is following the set up. But at some point in the triangle, it must decide what to do.
The Gann Fans are pretty amazing in how BTC price action is following the set up. But at some point in the triangle, it must decide what to do.
Note
It looks like BTC has decided! There is a possibility, it will stay within the area right above the arrow which is bullish at about 9100. Give or take.If it breaks below that, I think the trap door opens and BTC goes below 4000.
So much for my $22,000 SOB!!!!
Note
Yup! BTC decided and then changed its mind! However, I'm not sure we are out of the woods. It's stayed above the 8/1 Gann Fan which is a bullish sign. But now what was our support is now our resistance. I've been gradually purchasing small amounts of BTC.
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