koryu

Bitcoin long term Gann Fan and bullish channel

BTCCHINA:BTCCNY   Bitcoin / Chinese Yuan
This is an update for my old post about the long term bull channel , see related idea.

Channel has been adjusted and the triangle which played out can also be seen as a gann fan .

Fib levels from all time high to bottom of bear market has been retraced to the 0.618 level.

Bears aiming to test the support on lower channel line near the 0.382 level while bulls looking to break the gannfan resistance and test the all time high end of the year or in early 2017.

I remain bullish .
Comment: Bill Gross Says Bitcoin, Blockchain May Counter Central Banks
http://www.bloomberg.com/news/articles/2016-10-04/janus-s-gross-says-bitcoin-blockchain-may-counter-central-banks
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