This is a short-TF analysis using Gann Square & arcs.
It seems no strong support is left for BTC in this timeframe.
Gann Square, the built-in smart tool of TradingView, is provided with many fans and arcs. Every single one of them, if properly plotted, is considered to serve as S & R. Not to mention their crosspoints.
In this chart, I applied it so that only the strong movements (progressive waves in the E.W. Theory) in the trend direction penetrate the arcs and the crosspoints.
The third and fifth arcs (black) are said to be stronger than others (gray).
Note
Update.
Note
Update.
*For trolls in the comment area, you might want to compare TA elements you happen to know with Gan Square you don't know, before posting useless something.
Note
As predicted, weak supports have all been broken.
Now at FE 3. 618, a possible rebound area, but it could go further down.
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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.
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.