Looking for a bounce here to end the bleed. Targets are 7.5 and 6.6k
Long targets are 11.3k need to get to 12.3k for a confirmed bull.
A stop at 11.3k would mean 5750 targets.
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Resistance to trend in force - mid 192 day cycle (96 day) ... Gann square of time, 1.5 Fib of 3k to 13k wave... and Gann square of time of the entire history of bitcoin: (1/4 square) oct 3rd... Lots of resistance to the bearish trend.
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Need to bounce up here, otherwise lower targets might hit.
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Hourly is looking good, ready to break.
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4 Hour looking okay, we need this break up to test 9k. a move down would be bad.
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The 12 Hour and Daily, a break on the 12, and support on the daily, could easily blast through 11.3k and reenter bull mode dispelling any bearish doubts on the next run.
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Trade closed: target reached:
Internal Fib pattern 1 has reached target of 50.
Trade closed: target reached:
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The vertical colored bard mark each X day cycle: 7 10 14 20 21 28 30 60 90 120 135 180 225 270 300 315 360 day cycles, while the different levels of the keltner channels mark the 24 48 96 and 192 day cycles... the bottom to 14k peak was a 192 day cycle. we're approaching the 360 day cycle about to reach the dec 15th pivot (by dec 10th) it's a major square of time in GANN. while we're 41 days from the 192 cycle from the 14k peak.
I would expect a reversal very soon.
I would expect a reversal very soon.
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