At green trend support, a break down will get us to red trend and we have 90° as a support. Breaking up to 135° and we see 180°. Looking bullish short term.
If we break 180 we could see 270 as our next target.
So we are having resistance at the green trend line. We might retest the yellow line/trend and continue the move up to 7.3k. Failing will push the price down to the green trend.
Break the trend we are heading to 120. Break out of 180 heading to 210 & 240
Added trend lines. Unless it breaks the below trend I am still bullish short term but we are trending below the middle line. If long I would SL below the trend line. 144 is usually a reversal angle.
So here is an example of GANN 'Straight Shape' which played out on XTZBTC Top -> Bounced at 180 (Long) -> Hit 90 (Short) -> Finished at 270. On Fib Ext, Top to 180 reflected at 90 1:1 extension to 27
Well, if it breaks blue line (180), we could expect next resistance at (225), break that and we have a target at $3.97 (270). I see some Hidden bull Div on 1H which could push the price higher. Small arrows are Time Level which price respected. This was shared few hours ago on Twitter (@Cryptoradi).
So I have updated this shape cause the last one I felt was over. Here, some angles are marked because I think it is important. Is this a Straight Line shape. Maybe. Straight Line will usually drop to the 180 angle then bounce back to the 90 then continue its way down to the 270. it is like an ABC wave down. Keep in mind that the drop was to the next angle "225"...
This is a Speculation on the final drop for BITCOIN... All explanation on chart. Hope for the best!!
Time and angle is updated in regard to price action...
Final shape for previous idea. GANN Star showing some key levels. Price probability to go up to test break down levels indicated in red arrows is high. The star is based on the previous 15mins idea.
Pentagon Shape - 36 candles on 15min
Based on previous weekly low. Watch out for those Time Levels