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This move reminds me the first leg of 14K bullish move.
it Can be confirmed somehow!
It tends to break one of major gann fans. 10K is the key level for me.
Please see my previous charts ;)
Its better to call that sweep Instead of trap!
Im looking for some short. should I short it here or 10500?
Here's why I'm not too bearish yet!
There is a strong supply zone in 7K channel.
When there is no deman recession appears!
check out my board ;)
I think this will be a bull strategy for breaking the long term bearish trend line from 2017 top to 14k top!
8800-9000 then 10000 !
First target hited. You can find it in previous chart..
But it can come to blue level whenever it wants!
2 strong trend lines
61.8% Fibo level
bad news :
200 EMA & MA
Also Ichimoku is bearish but its not that bad and price can breakout !
Please go checkout my other charts.
Gann Analysis <3
First level : 8800
please check out previous chart to see all BTC moves ;)
8000-8500 then 7200 or 10200
200 D movving ;)