BTC/USD (T) - 4200 test then retrace before continuing upwards?
This is my prediction for Sunday through to the rest of the upcoming week. I expect a test of 4200 today (Sunday), then a retrace (starting the weekly/monthly with a dip), before continuing upwards.
Blue triangle indicates the current range.
Green box is buy.
Red box is sell.
Blue line indicates major resistance.
Yellow line indicates t/p.
This is a log chart.
This is not financial advice.
Blue triangle indicates the current range.
Green box is buy.
Red box is sell.
Blue line indicates major resistance.
Yellow line indicates t/p.
This is a log chart.
This is not financial advice.
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All boxes should not be executed before confirmation(s).
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The large blue triangle is from a higher time frame and does not apply to the gann fan lines displayed. The first small blue triangle also does not apply to the current gann fan lines as it broke through the triangle, therefore requiring an adjustment of the placement of the gann fan on that specific time frame. The second small triangle is related to the current gann fan lines. The third small triangle is my guess and does not have any gann fan lines applying to it. I am using 4200 and the 1/2 on the displayed gann fan as a reference. The green box following the retracement (aprox. April 4th) lines up with fib lines and the 1/1 line of the displayed gann fan.
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For the second small triangle, the ascending gann fan does apply as the 1/2 line of the displayed gann fan continued to hold.
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For the first small triangle*
All displayed gann fan lines apply to the second small triangle.
All displayed gann fan lines apply to the second small triangle.
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This chart is complete speculation and may not come true.
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The top of the third small triangle should be a bit lower to coincide with the red box.