The light blue Gann fan has shown plenty of significance recently and if a continuation occurs these are the likely points of resistance. The most resistance probally at clusters with the blue Gann fan and the first test of this move will be the $4100 level. The big resistances tests will be the $4200 level and then the $5150 level.
Breakage of the yellow line signifies the first higher high since the local bear trend started; while this would mean an end of this bear trend, this breakage would by no means signify the end of the bear market. (Entertainment Only)
Breakage of the yellow line signifies the first higher high since the local bear trend started; while this would mean an end of this bear trend, this breakage would by no means signify the end of the bear market. (Entertainment Only)
Comment:
Once again, Gann fan's angles look off but they seem to be similar to the actual chart. (DYOR)
Comment:
BTCUSD Longs are rising and possibly starting an uptrend.
