Will the solstice mark a major turning point in Bitcoins price?
Gann reckons where the 0.5 is will be the bottom . Lets see what happens
Unless this bowl shape breaks its not really bearish is it?
.618 of .5 of highest high minus lowest low mirrored above the .5 gives 2019 high BTC likely to retest .382 - $ 12234 unlikely to break .5 IMO
After the drop from bitcoins all time high on December 16 2017 BTC fell to a point not clearly defined by the regular fib lines this point is in fact .618 of the .5 fib line value
The Fib line and the price were virtually identical
Towards the end of 2015 the 100 day moving average crossed the 200 day moving average. It crossed down again in April 2018 The price now just above the 0.618 level between the prices at each of these crossover points.
BTC should break above the .618 level between the crossovers of the 50 and 100 EMA's It will stabilise under the .618 retracement for the last drop ,4500 So between approx 4185 & 4500
needs to break above where Kijun is now to get back on track Unlikely, clearly a downtrend now. Buy DAI or Tether with your BTC!