has to hold the previous low , if we breaks it, the pattern becomes invalid.
looks like btc has found some good support the the short term 1/1 gann, if we keep bouncing and break the 0.618 fib there at 6700 we can go to o.5 fib at 7200, where we also have the 2/1 down trend gann taken from the 20k top.
another move up here can take us to the gann-fib confluence indicated on the chart.
i have a 1.0 fib at the neck line which is acting as a strong resistance so an entry after it crosses the neck line is the best play here.
adx looking good here with an inverse hns and good supoort below
now its retesting the 2/1 gann line as support , bounce from it should take us to the next fib. stop loss will be below the gann line
the trend line and the price level should probably hold here
good support here for gifto should have a small run at least.
we have a good support here, this should be good entry with a stop loss below the fib.
everytime it has hit this level it made a decent move up, expecting atleast some movement before entering a short term trade
ins here showing good signs of reversal.
if we bounce here, which is more possible than not, i expect the price to go up to 13500.
we are now trading ncash near the all time low, with both macd and rsi showing some bullish signs, a move up here is more possible than not.