BitcoinLong
RACEACEACE BTCUSD BITCOIN XBTUSD BREAKOUT IMMINENT 7800 TARGET
My group successfully trades the 1 minute chart. I am expecting a retest down to 7300. If 7300 holds as support, the price will attempt to head above 7350. A successful breakout would require 1. Support established at 7350 and 2. A move above 7445, eventually turning 7445 into support. Target: 7800
A break out of the fan in Chart 1 is needed. I believe it will head lower to retest the support of the blue 1/1 which is currently near 7300, before moving upwards and out of the fan:
Chart 1:
The Price is on the verge of breaking out of the bigger Gann Fan that I am using in Chart 2
Chart 2:
Breakout means a move above the 8/1 Gann Fan line.
Invalidation: Resistance established at 7300
Merry Christmas!!!!!!!!!!
A break out of the fan in Chart 1 is needed. I believe it will head lower to retest the support of the blue 1/1 which is currently near 7300, before moving upwards and out of the fan:
Chart 1:
The Price is on the verge of breaking out of the bigger Gann Fan that I am using in Chart 2
Chart 2:
Breakout means a move above the 8/1 Gann Fan line.
Invalidation: Resistance established at 7300
Merry Christmas!!!!!!!!!!
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.