RACEACEACE BTCUSD BITCOIN XBTUSD BREAKOUT IMMINENT 7800 TARGET
My group successfully trades the 1 minute chart. I am expecting a retest down to 7300. If 7300 holds as support, the price will attempt to head above 7350. A successful breakout would require 1. Support established at 7350 and 2. A move above 7445, eventually turning 7445 into support. Target: 7800
A break out of the fan in Chart 1 is needed. I believe it will head lower to retest the support of the blue 1/1 which is currently near 7300, before moving upwards and out of the fan:
Chart 1:
The Price is on the verge of breaking out of the bigger Gann Fan that I am using in Chart 2
Chart 2:
Breakout means a move above the 8/1 Gann Fan line.
Invalidation: Resistance established at 7300
Merry Christmas!!!!!!!!!!
A break out of the fan in Chart 1 is needed. I believe it will head lower to retest the support of the blue 1/1 which is currently near 7300, before moving upwards and out of the fan:
Chart 1:
The Price is on the verge of breaking out of the bigger Gann Fan that I am using in Chart 2
Chart 2:
Breakout means a move above the 8/1 Gann Fan line.
Invalidation: Resistance established at 7300
Merry Christmas!!!!!!!!!!
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