BTC Trade Idea
Initial guess: price will probably drop from 42k and stay within range of 42-35k
drew gann box to measure size of moves
-moves in blocks of 10k
*a breakout today would lead to a movement to approx. 52k
-middle trendline down (believe to be first drawn), copied and positioned above and below-fits well describing overall movement
--current price at significant resistance
-FIB and Gann support at 35.2
-positive recent divergence in RSI
BUY: 35 and 31
BUY: 48.5, 49.7, 55.5 with supporting evidence
drew gann box to measure size of moves
-moves in blocks of 10k
*a breakout today would lead to a movement to approx. 52k
-middle trendline down (believe to be first drawn), copied and positioned above and below-fits well describing overall movement
--current price at significant resistance
-FIB and Gann support at 35.2
-positive recent divergence in RSI
BUY: 35 and 31
BUY: 48.5, 49.7, 55.5 with supporting evidence
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