BTCUSDT has been shaky for a week now, and taking its flat movements and low volume into account, I can say that it's consolidating and ready for a minor move. According to. my Gann Fan strategy Bitcoin is now in a narrow channel between $40000 and $41800. To jump back to $45000 it first has to break the strong resistance at $41800.
On my graph, I've marked the regions where my strategy correctly acted as resistance/support with red circles. I am relatively confident that this scenario will continue to be the case. After hitting $41800, it might try $40400 again, but if the buy volume is high enough it may also rally towards $44000-$45000.
Let me know what you think in the comment section.
On my graph, I've marked the regions where my strategy correctly acted as resistance/support with red circles. I am relatively confident that this scenario will continue to be the case. After hitting $41800, it might try $40400 again, but if the buy volume is high enough it may also rally towards $44000-$45000.
Let me know what you think in the comment section.