The Gann Fan indicator on Bitcoin's 1 day chart seems to fit quite perfectly. And it's very important to notice that it's been following this Gann Fan line since early 2018 ! That's over 2 and a half years . So we can guess it may keep following this line . I'm not expecting to wick to the top of the Gann yet near 15k . But there's a strong resistance line near 12k , and there's also a CME futures gap near 118xx . I expect we fill that gap , and perhaps wick to 12k . I'd expect some retrace at that point. But let's see . Also it was pretty exciting to see Bitcoin quickly pump over 11k earlier today !
Note
Btc hit 118xx area and it seems the former CME gap is closed now , also we hit a TdSeq9 in green - I still think we may wick to 12k but most guys are expecting a retrace soon .
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😃 Join shimmeringpath's friendly free
Telegram chat here : bulls and bears both welcome !
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Telegram chat here : bulls and bears both welcome !
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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.