Who knows? This is the center of a major GANN channel… I have referred to this yellow line as the Blood line… (its yellow so its clear to see) the channel we have been falling through (THE RED RIVER OF DEATH) magically stopped on the line!! If it continues onward and breaks above 41k, 43k and 46k then holds support back in business…. The support channels are there. I could be broken down in smaller time frames but people seem to complain about the complex issues of reading the charts (laser eyes needed). Some would call this a dead cat bounce, others are going to say there is “GREAT NEWS IN THE AIR TODAY” and this is why BITCOIN is moving… Both are FUD. The beast does what it wants too. Leverage manipulates its path drastically, and as stated there can be massive falls on days in multiples of 5 (this doesn’t always happen but it is close and common, and when it doesn’t we do see a run). If you look at the BLUE line from our previous grid… Important to break. DCA SAFELY THIS A STUDY into Gann
