jgeneric

jgeneric

I did a simple Fib retracement on the daily chart for LINKUSD (Coinbase) Looks like LINK is in a rising trend channel. At some point, I expect LINK to break out and take the price up to at least $28. Additional fibs give a possible high of $53. We'll just have to see if this really occurs.

jgeneric Updated 

I drew a triangle to show what BTC looks to be doing. It's just barely staying above the long term arc (the dashed curved line). At some point, it will either break higher, headed to 14000. OR....break lower to 8400-ish. The Gann Fans are pretty amazing in how BTC price action is following the set up. But at some point in the triangle, it must decide what to do.

jgeneric Updated 

I drew a few Gann Fans and the large dotted arc. It's been following the red dashed arc for months. I've re-drawn it to try to match the movements of BTC as it rises. Then when it pulled back I drew more Gann Fans to track the downward movement. But it looks to be break out of that. So...that leaves the rising Gann Fans and it looks like we'll hit $22,000...

jgeneric

We see bitcoin having followed the rounded bottom and on many occasions showing movement coinciding with the Gann Fans. We are looking higher up past $20,000

jgeneric

The triangle has resolved and we will see BTC/USD go lower to about 3400 or maybe lower.

jgeneric

Still hitting support for the past few months. Downward trend LOOKS to be broken. But we'll just ave to see.

jgeneric

Will feel better about a bullish set up when BTC rises above the 200DMA. Still great risk at this point, but I'm long term bullish.

jgeneric

Need more rally to redraw as a bulllish GANN fan