BTC | Looking at potential Long, Short, and Accumulation Zones
Using the Gann Fan to sift out potential areas for going short and/or long based on potential long term support trends on a log scale.
33% and 50% speedlines based on the current uptrend shows potential areas for a correction should we lose momentum.
If the long term trendline is violated, potential support at 50% from $20 k could play a key role should things go south.
Long term track for $20 k by August in 2021 still looks healthy.
We can always be shocked and surprised by bitcoin as we always have been.
Happy trading and Happy holidays!
33% and 50% speedlines based on the current uptrend shows potential areas for a correction should we lose momentum.
If the long term trendline is violated, potential support at 50% from $20 k could play a key role should things go south.
Long term track for $20 k by August in 2021 still looks healthy.
We can always be shocked and surprised by bitcoin as we always have been.
Happy trading and Happy holidays!
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.