So after months of waiting we have finally broken and closed are first daily candle over the 8/1 Gann this is the first step in restarting the Bullrun.
What we want to see now is price come back down and hover above the 8/1 Gann testing and creating support of this ratio. I have a included a Bar pattern from one of the previous 8/1 breakouts , as you can see price hovers of it for about one month on average.
We have a mirco Fib time zone date Oct 19 2021 and Nov 16 2021 , there was a reaction off the third impulse so lets see what the 4th brings.
It is also possible that Bitcoin does not pullback and does not retest the top of the 8/1 but unlikely so best to wait.
What we want to see now is price come back down and hover above the 8/1 Gann testing and creating support of this ratio. I have a included a Bar pattern from one of the previous 8/1 breakouts , as you can see price hovers of it for about one month on average.
We have a mirco Fib time zone date Oct 19 2021 and Nov 16 2021 , there was a reaction off the third impulse so lets see what the 4th brings.
It is also possible that Bitcoin does not pullback and does not retest the top of the 8/1 but unlikely so best to wait.
Comment:
lets see if we test the 8/1