The Direction of Bitcoin in Q3

The point at which the Bitcoin upward trend breaks is 0.618 in GANN , which is about $7,500 to $7,800.

If there is any change in the line that Bitcoin passes, I will leave a comment below.

Comment: It stopped at 0.382 point on the GANN.

However, it is worth looking forward to the yellow line as the point of the rebound corresponds to the Fibonacci ratio.

If the white line breaks, it is likely to flow downward.

Trade active: If Bitcoin stays in the current section for longer, it is considered as Wyckoff Schematics - Distribution Area.

Comment:

If 10,000 dollars are not broken, there is enough room to reach 12,000 dollars.

Comment:

Comment: If bitcoin does not exceed 11,800 dollars and falls to 11,400 dollars, the upward trend is considered to be broken.

Trade closed: target reached: It is also possible to reach 13000 if short-covering occurs beyond the next position.

Comment: Bitcoin's sharp rise seems to have stopped as the $11,400 mentioned earlier was broken.

Bitcoin needs to recover 11600 dollars to continue its upward momentum,

caution to the panic sell if the $10,900 is broken.

Comment: The new long position is dangerous at $11,800.

Comment: On the premise that it doesn't break $11,100, bitcoin seems to be able to do up to $13,000 by using short-covering.

Comment: Bitcoin was resisted by the yellow line after a sharp rise.

If Bitcoin is not supported by the white line, it will fall to the next line below.

Comment: The white line is near $11,900 in the preceding comment.

Comment: Since the Futures market forms a fairly neutral price range, I adjust to the variables for it.

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