Updated
Bitcoin long term Gann Fan and bullish channel
This is an update for my old post about the long term bull channel, see related idea.
Channel has been adjusted and the triangle which played out can also be seen as a gann fan.
Fib levels from all time high to bottom of bear market has been retraced to the 0.618 level.
Bears aiming to test the support on lower channel line near the 0.382 level while bulls looking to break the gannfan resistance and test the all time high end of the year or in early 2017.
I remain bullish.
Channel has been adjusted and the triangle which played out can also be seen as a gann fan.
Fib levels from all time high to bottom of bear market has been retraced to the 0.618 level.
Bears aiming to test the support on lower channel line near the 0.382 level while bulls looking to break the gannfan resistance and test the all time high end of the year or in early 2017.
I remain bullish.
Note
Bill Gross Says Bitcoin, Blockchain May Counter Central Banksbloomberg.com/news/articles/2016-10-04/janus-s-gross-says-bitcoin-blockchain-may-counter-central-banks
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.