SpielMeister
Long

BTC Gann Square Projection. Bullish Outlook.

OKCOIN:BTCCNY   Bitcoin / Chinese Yuan
96 0 1
The market is still meandering along, approximating the fractal repetition that I've been pointing out in my recent projections. But, confirming that trend is getting boring and several people are getting nervous because we are showing some short term downward motion.

Today I looked at how a Gann Square can explain the current price motion. As can be seen, the price is currently struggling towards the 3rd arc of my 34m Gann Square . (People always ask why 34m. It's a fib number, so why not?) Once we break through, projections look good for a rally, since the divs are showing growing bullish sentiment and we're touching the lower resistance bounds of the square.
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