The diagram is drawn based on Gannfan and Pithfan. In the past cycles, the Gann fan ratios have been the support trendline for Bitcoin. Bitcoin's support target seems to be 1/2 Gann fan. According to GannFan, PitchFan, Fibonacci Retracement, as well as the halving date, the possible target and support area of Bitcoin is plotted
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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.
For more of my on-chain analyses, visit my CryptoQuant profile:
cryptoquant.com/profile/u/CryptoOnchain?tab=quicktake
cryptoquant.com/profile/u/CryptoOnchain?tab=quicktake
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.