BitcoinShort
Fan Principle for Bitcoin
John Murphy's classic book 'Technical Analysis of the Financial Markets' mentions the 'fan principle'.
Going with that model, lines 1 and 2 have formed for Bitcoin.
It appears that a possible 3rd fan line is in the works.
The 3rd line shown here has provided resistance twice.
Going with that model, lines 1 and 2 have formed for Bitcoin.
It appears that a possible 3rd fan line is in the works.
The 3rd line shown here has provided resistance twice.
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.