My Happy New Year prediction.
A possible bullish scenario for Bitcoin until the summer of 2017 based off Gann lines.
Gann lines got a lot of respect in 2016, acting as support and resistance at pivotal(!) moments. (8
I extrapolated the rally of June 2016 (the halvening - dum dum duuuum!) and applied that for the first semester of next year.
Using Gann and horizontal support and resistance lines as a guide, I came up with a rather precise scenario.
Happy holidays everyone and may volatility rock your boat in 2017!
A possible bullish scenario for Bitcoin until the summer of 2017 based off Gann lines.
Gann lines got a lot of respect in 2016, acting as support and resistance at pivotal(!) moments. (8
I extrapolated the rally of June 2016 (the halvening - dum dum duuuum!) and applied that for the first semester of next year.
Using Gann and horizontal support and resistance lines as a guide, I came up with a rather precise scenario.
Happy holidays everyone and may volatility rock your boat in 2017!
It looks like the 1x8 Gann Line orange) of the previous high in december 2013 acts as support now but I would not be surprised if we will have to retest the 1x5 Gann Line (red) before going higher and hitting the orange arc's speed bump.