fiatdaemon

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

Long
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!

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter