If I managed to get the scaling right this is a Gann chart of BTC weekly. The next minor cycle with a possible turning point would be the 16-17 April 2018 but that is a small insignificant Gann time line. The more important ones are the 90 and 45 degree ones (market with dashed green vertical lines).
Until then I believe it's setting itself for a triangle formation (market on chart)
Until then I believe it's setting itself for a triangle formation (market on chart)
Note
This daily chart shows that maybe the triangle formation has it's lower border on the Gann 1x3 line and the tip is dead center on 02/06/2018.
So my prediction is coiling price till then.
What do you think ?
Note
BTC is afraid of Kijun (red) big time.
Note
Currently the Gann levels held well but BTC isn't showing good signs of strenght.
Let me know what you think
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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.