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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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.