All you need to make sense of the statement is on the chart.
BTC on the edge has us on the edge of our seats, no wonder there are so many capitulation tweets.
You heard it here before. As usual this is not financial investment and I can be wrong, Do your own TA.
Here's the usual chart, make what you want out of it.
BTC hanging on the historic support from Sept 2017 and just landed on the 5th arc of the plotted Gann square. Notice the coming BAKKT and ETF dates on Dec 12 and Dec 27.
The usual chart, you know what to do.
According to my TA and the the Gang arcs it seems like btc is primed for a big move that coincides with the urban prophecy triggered by the cover of the Economist in 1988 of a new world currency taking over the world (go ahead, go google it), honestly I think it's just a coincidence but if it does play out like many expect, we are talking about some next level...
BTC broke out end July resistance and shot straight up to June/July levels of the neck line of a head and shoulder pattern seen around that time.
As of now RSI on the 20´s level on the 4 hours chart and MACD crossing upwards. T1: 6720 T2: 6981 T3: 7241 As always, this is not financial advice.
With so much manipulation such as the convenient times to go down during pumps (yes Bitmex, I'm talking to you), BTC is still contained by support and resistance from the fibonacci retracement from the last 30 days ATH. I expect BTC to run along the last arc of the Gann square (a bit unorthodox but has been working well for me).
rule numero uno "All gaps must be filled". The gap from april 20 has been filled we either bounce or have to fill one more.
A quick observation on the previous BTC movements. I'm just going to leave that here and walk away really slowly...
Just a quick TA and observation, it seems that BTC is ripe for a breakout and FUD comes in the perfectly timed fashion we are already used to but also note how the end of the last elliott wave comes at a similar time frame as the last fractal in the gann square, the fibonacci time zones and most importantly with the tax filing's deadline in the US which could...