Everyone is focused on the inside triangle(Pink) that has obviously been broken to the downside. But with Gann fan from the bottom at 6550ish you can see the real ascending triangle in white. This is in play and has a price target of 9.2k measured move. Be ready as there is also a full moon on December 12th. There also could be a shakeout stop hunt to the downside around 7050. This move can play out from now till December 19th, but hopefully a lot sooner than later. A break of 7k invalidates this idea most likely. Lets see!
Donation really appreciated guys!
btc: 1GKkLoN34inJVv4oXVfupn1D4Ykmpp4GTL
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2hr holding 7200 so far. support getting stronger. Also Stoch VX3 looks too low. anomoly. could be moving back in to triangle soon to complete the trap.
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Still looking good on 2hr chart. bouncing off support at 7200, target is 7270 and above to be back inside the white ascending triangle. come on bulls, lets see it
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6hr is now green. expect to be inside white ascending triangle soon
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Looks very trappy. As you can see major support is 7140, wicks hit it, but 7200 doesnt want to give up. Trap is in session and if we dont turn green soon, could invalidat the setup. woot getting exciting in the trenches
@DAVID9039, they rarely are perfect sir. usually break and fake one way
DAVID9039
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@Hyperg, i always make sure mine are perfect, and yeah a fakeout is okay
Hyperg
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@DAVID9039, the triangle is following the gann fan. its fine. the break down below is the fake. we have like 12 hours or so to get back in or this looks more and more bearish sir