Gann analysis of BTC's possible downtrend

il y a 4 jours

This is the downtrend setup that currently BTC is forming , Orange lines are same line with same slope as 2022 drop from 70k back to 16k , yellow lines are uptrend lines from 16k , Gann start is at orange line and the gann end is when yellow line and orange line meets ( meaning that after that time it wouldnt be possible to go lower than yellow line or else BTC will enter macro bear market ( which is very unlikely because it's bad for business of blackrock and exchanges)
Trading with this is very simple as long as BTC doesnt pass orange line which is currently around 100800 then we are in a downtrend,maximum possible drop is 73k , since we are now much more close to the top than the bottom it's better to stay from long and only short .
We need to go beyond 100800 and a good and possitive narrative to go higher until then price should keep going down .

Also be aware that this is not the only possible setup , there is also another Gann which pointing toward 200k in 2026, price always have possibility to go higher or lower at the same time , which one manifest first is mostly depends on narrative , economic and what wealthy people expect to happen

il y a 4 jours

Transaction en cours

By a closer look we can clearly see how it's respecting the lines

il y a 4 jours

Ordre annulé

For now it seems that price is heading toward orange line at 100800, I will wait untill I see signs of rejection to enter a sell

il y a 4 jours

Note

Price seems to respect gann circles, entering some short position at 98500, will dca more to it if we reach 100500 , stop loss is 102k

il y a 3 jours

Note

Perfect entry for my short, I actually wanted to see 100500 to short more but that bybit hack cause a faster rejection

il y a 3 jours

Note

Next area of support is somewhere around 92500, but it's also possible to go up once again to test the circlt again because right now we are leaving a big fairvalue gap to the upside