Angles from the past suggest this may be the bottom... We'll see
BTC shows a well defined angle of upward movement (long). For BTC to progress further, it must establish support on this line, and sustain it. Confirmation would be passing the line, and pivoting off of it or staying above and gaining support. This is the next confirmation for BTC to prove it's strength and bullishness.
In the past, the white line shown above has proven to be a strong pivot point. Unless BTC manages to break through this point, the overall bear trend will continue. I labeled the price based on the time it should take. If BTC goes up quicker than expected, then point your mouse on the pivot point considering the angle of the trend to evaluate the top. Kudos! G'luck :)
Is SALT ready for liftoff? Maybe so,
Here is my most accurate prediction for the bottom for BTC. There is a possibility of another bottom equivalent to the previous one, but I think this bottom is more likely. Warning: This is as accurate as it gets, with great power comes great responsibility. Methods: Gann, Fib, & Elliot
Gann Square nearly complete, apex is nearing which should be the strongest point of the trend. We currently have strong support on the 1 x 2 angle from the apex as part of the perfect square relative to the recent major bottom and high. Keep your eyes on the support to judge the right move. G'luck
WARNING: What looks like a cup and handle, can have a broken handle ;) (place stops) BTC is currently forming the handle to what looks like a clean cup and handle. All points of interest, confirmations, and time zones are labeled. Using Gann Angles / Trend lines & Gann based time zones (new) All points of interest, confirmations, and time zones are labeled. G'luck!
Here is a compilation of Gann angles dating back to the creation of Bitcoin. I highlighted the points of intersecting angles and drew the corresponding geometrical shapes. The support lines (green/orange) are likely pivot points, whether they are strong pivot points or weak ones depends on the cause of the dip, and the time in which it occurs. It also depends...
BTC presenting a possible entry within the handle currently forming. Target is conservative but I would consider it an important point of interest, as the case in a weak market we would not be able to penetrate and selling may be advisable.
BTC presenting a possible entry within the handle currently forming. Target is conservative but I would consider it an important point of interest, as the case in a weak market we would not be able to penetrate and selling may be advisable.
Risk takers - Buy back on green line WARNING: If it falls 1% past the green line, SELL
By connecting the 2 major all time highs, I noticed a relationship between the previous bottoms and predict the next bottom to be around $3,600
BTC Elliot analysis - Expert version