It looks as though a reverse head and shoulders is forming. For me the question left to ask here is where will the right shoulder bottom at? It has definitely confirmed adequate support just below current levels. It may have already bottomed on the right shoulder. It might drop lower and create more of a triple bottom. Either way that would most likely mean we are...
BTC is coming up on the 5th wave of this downturn. I expect at least a bounce to the .236 fib or possibly .382, if it can get some momentum. That may come off of a double bottom that is coming shortly. Then it may finally resume upwards. If it just continues downwards, I'll sit on my hands for another couple days. Man I am so sick of BTC moving in one direction. I...
I drew overlapping fib speed fans from low to high and another from high to low. It showed BTC following the channels up and down fairly accuratley. We seem to be at a precipus now where it has a chance to bump up in the short term. It could continue downward also. I believe we are on the fifth wave down as well. Which also bodes well for a possible reversal...
Rune has consolidated within a tighter and tigher wedge formation. It is also showing an inverse head and shoulders. It looks like it is near completion of the right shoulder. If BTC stays moving up, this will blast off any moment. 🤞
Do you think its about to rebound soon? Or do you think it will make it all the way back down to 39k, before turning around? Check out my last idea where the bottom gann fan line is. We are about to touch the bottom gann fan line. Hence a high probability for turnaround. Please hit like and comment on what you think. I would love to hear any thoughts or ideas. Thanks!!
I'm expecting a turnaround at about 41,700-41,300. Where the purple lines indicate either a double bottom or inverse head and shoulders. Along with the final bottom Gann fan line. I believe if it does not turn around and the final bottom Gann fan line it will continue on downwards. Towards 39k for a possible double bottom down there. I have hope BTC will have some...
The last post picture was cut off because I was posting from my phone upright. This is the chart I was trying to share.. Like and Let me know your thoughts on which way you think BTC will move. Thanks!!
Just showing some ideas on possible BTC movement using the Gann Fann tool. I hardly ever use that one. It showed something very interesting. The Gann Fan fib line shows and matches the recent bottom support line exactly. Basically to a Tee. I'm not sure which scenairo may end up being more similar to BTC's future movements. What do you think? What color line...
Im so tired of the downward dog BTC has been the paat 2 months. The last few days have shown us just a glimmer of hope. That just possibly the bottom was in at 39k and the next parabolic move upwards, is right around the corner. Maybe just a few days away.. Optomisim is my survival strategy. Any ideas on what might be the next outcome with BTC? I'm hoping for...