draw

Bitcoin - Rough way up

KRAKEN:XBTEUR   XBT / EUR
So we broke the bull chanel down and got stuck in the cloud with a ton of overhead resistance. We got Kijun and the upper boundary of the cloud combined with a downward 2/1 Gann fan resistance (green) and just a little bit higher we have bull chanel which now works as a resistance, as well as downward trendline of a bigger resistance (red dashed line). It is a very rough path for bitcoin             and we are missing volume to get us on tracks. Bellow the current price we see a 2/1 upward Gann fan support (red) which is the key level to watch. Breaking that support could lead us falling towards the bottom of the cloud and even into EUR6000 zone. So these two 2/1 Gann fan levels are very important for the nearest future of bitcoin             . Although it looks like a falling wedge or a pennant pattern is being painted by the price action and we might have another go up on the StochRSI, personaly, I find it very hard to believe that we can see any upward move. Not without a massive volume . I think EUR 6200-6000 is more likely.
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