Wojtek440

A clear break of the Gann Square. Time to put on your shorts

Short
BITFINEX:BTCUSD   Bitcoin
Well it has finally come. The final curve of my Gann Square has finally been broken, and now I believe we are headed down. In terms of how far, we can do a little fib analysis. Here we can see the scalp has bounced off the .50, which could be seen as a good move for the bulls, but I am not convinced. This Gann Square has been effective since the beginning of the correction, and the break of the curves has indicated a move up or down, usually down. Time will tell.


Key levels for Bulls: 3844, 3740-3712
Key levels for Bears: 3638, 3500, 3438

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