I'm pessimistic that a breakout will make it past the 12500 resistance... I think it will follow my other btc chart and downtrend for a good while longer before making the insane run keeping the cycle structure it's in.
However who knows, the 618 is providing a support making a slightly upward trending wedge, macd shows consolidation is nearing over, with a bullish bias atm. Btc crossed the 1/1 Gann line showing bullish if btc were to break out, it would be nice to form a bflag at resistance and smash through, that could spark enough fomo to get the volume to make 26k.
If this chart or similar happens, the whole market will be enabled to follow their cycles to full potentials. That would be nice
As always zoom in or out to line up the Gann 1/1 line with the purple 45degree guideline to be accurate...
However who knows, the 618 is providing a support making a slightly upward trending wedge, macd shows consolidation is nearing over, with a bullish bias atm. Btc crossed the 1/1 Gann line showing bullish if btc were to break out, it would be nice to form a bflag at resistance and smash through, that could spark enough fomo to get the volume to make 26k.
If this chart or similar happens, the whole market will be enabled to follow their cycles to full potentials. That would be nice
As always zoom in or out to line up the Gann 1/1 line with the purple 45degree guideline to be accurate...