thomas58700

Bitcorn having a hard time getting over our diagonal resistance

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Gann box placed with violet rectangle indicating where our price is hovering/ finding a happy medium for now. Large ichimoku cloud below leaves a lot of support to consider, breaking down through the top of the cloud will be a slow process as bulls don't want to give up their position near 12k. Continuing to attack the 12k violet diagonal. Possibly a Wyckoff distribution...

You can also see we attempted to make a flat bottom wedge , but failed and I'd consider that invalidated or a bullish bias distorting the end of the triangle.
what are all those lines you are drawing? I don't understand them. But from my understanding and experience, I would say your scenario about the BTC movements is most likely is going to happen.
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@mnmmah, They're fib fans from higher time-frames, shows me where the price will hang-up, gets into a bit of a mess haha
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