The lowest line of Gann Fan is acting as a strong support for BTC. If ever BTC will fall from the lowest line, I am looking at my base line of $5700 something and that is if it breaks the other support. They will shake us to leave our positions. We mostly hear some TA saying to cut loss at 6K or 5,900. do you want to sell at those prices only to go up from 5,700 or from a little lesser but not to the extreme amount of price prediction others are saying to happen right away. They will shake our emotions. cut the shorts and the longs. Anyway this is not a trading advice. My view is not for trading.
I drew a orojected parallel line to the support. to think what they may do to us emotionallyAand psychologically. Thinking that since it was false break out from a different view of trend line, a lot will short but they are here to get our money. I think that it is still risky to short. Think if they are ready to dump harder by looking at the chart. They might still pump it for others to think that it will be the start of a new bullish run and a lot will chase the price and I think that's when they will dump harder.
I drew a orojected parallel line to the support. to think what they may do to us emotionallyAand psychologically. Thinking that since it was false break out from a different view of trend line, a lot will short but they are here to get our money. I think that it is still risky to short. Think if they are ready to dump harder by looking at the chart. They might still pump it for others to think that it will be the start of a new bullish run and a lot will chase the price and I think that's when they will dump harder.
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BTC had fallen from the Gann fan. Respected a trend line and did not continue to 5761
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scroll to the right or download where we are now. I think BTC will go up now