TensorTom
Long

BTCUSD Rally Potential

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
I wanted to see just how close we might be to my AI's 20,30k BTC predictions. It has been predicting a massive rally to the mid $20,000's for a month or so now so I figured I'd do a bit of charting for once. I decided to us Gann Fans since I know that BTC respects them quite well. I didn't realize just how true that was going to be zoomed out on the current BTCUSD chart.

I used three Gann Fans to provide not only confluence between them and my AI but between each-other. I could have drawn fans from since the descent but it was unnecessary in this scenario and they indeed did match up with previous trends and with each-other. As you can see, the rally potential here is tremendous. The 1/1 lines are out in space. Even if I had drawn them closer, the upside distance is still relatively similar (I tried it). I also loaded up my EMA Target & Trigger indicator to see what our probabilities are looking like. A nice trigger and cross up would do it. Of course we could visit the bottom of the pennant first so in no way am I discounting that but I doubt very much that we will break to the downside.

I'm not going to go on about astrology and all that as I doubt it holds much merit. I'm only at all concerned with the ratios and angles which Gann very much got right. I can't wait to see what the near future holds for this chart. We're about to break out of this pennant and/or handle and/or wedge . EOS can come too.

Comments

Beautiful.
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