BitcoinLong
Bitcoin Gann Fans
It is highly likely that Bitcoin will just move sideways in-between these Fibs till about September 2021.
Bitcoin Path 1
If Bitcoin gets above the 0.168 Fib and breaks above the 3/1 Gann Ratio by Mid September , it is possible that we get a cycle peak somewhere Mid December 2021 to January 10th 2022 at 150k.
Bitcoin Path 2
If Bitcoin fails to break path 1 by September then we could see a cycle peak much later sometime late April to May 2022.
Since this analysis is based on the Gann Fan set at the current local low of 28754 a break of this low will invalidate this analysis.
The most important thing to remember is that in order for us to ever break all time high we must break the Gann Fan 8/1 ratio , once this ratio is broken we can fly past any fib and the previous all time high of 65k.
Recently I've been going over Alt coin Fib zone dates and it's amazing how many 3-5 count dates I get in May, not only that the Total crypto market cap chart points to May as well.
As of today I think we have a higher chance of following path 2 instead of 1 , just take one look at the price structure. It's going to take months to pivot momentum on a Macro scale.
“When someone tries to buy all the world’s supply of a scarce asset, the more they buy the higher the price goes.”
— Satoshi Nakamoto
Bitcoin Path 1
If Bitcoin gets above the 0.168 Fib and breaks above the 3/1 Gann Ratio by Mid September , it is possible that we get a cycle peak somewhere Mid December 2021 to January 10th 2022 at 150k.
Bitcoin Path 2
If Bitcoin fails to break path 1 by September then we could see a cycle peak much later sometime late April to May 2022.
Since this analysis is based on the Gann Fan set at the current local low of 28754 a break of this low will invalidate this analysis.
The most important thing to remember is that in order for us to ever break all time high we must break the Gann Fan 8/1 ratio , once this ratio is broken we can fly past any fib and the previous all time high of 65k.
Recently I've been going over Alt coin Fib zone dates and it's amazing how many 3-5 count dates I get in May, not only that the Total crypto market cap chart points to May as well.
As of today I think we have a higher chance of following path 2 instead of 1 , just take one look at the price structure. It's going to take months to pivot momentum on a Macro scale.
“When someone tries to buy all the world’s supply of a scarce asset, the more they buy the higher the price goes.”
— Satoshi Nakamoto
t.me/+8CRZJqXrjwU4ODA0 re-launched telegram group , it is free , just place to chillout talk about crypto bull market , will be posting trades live randomly
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