BTC | Looking at potential Long, Short, and Accumulation Zones

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Using the Gann Fan to sift out potential areas for going short and/or long based on potential long term support trends on a log scale.

33% and 50% speedlines based on the current uptrend shows potential areas for a correction should we lose momentum.

If the long term trendline is violated, potential support at 50% from $20 k could play a key role should things go south.

Long term track for $20 k by August in 2021 still looks healthy.

We can always be shocked and surprised by bitcoin as we always have been.

Happy trading and Happy holidays!


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