Lets get in our LearJet and go up to Btc's altitude - Before you lose your mind on the Dom Perignon have a look out the window and see the line of support we are on originates from the Btc peak of over $800 on June 1st 2016 - I don't believe in Coincidence Theories - To put this another way - I'm an alt trader, I swing trade off small timeframe Gann charts all the time, if you follow my trades you know it works. The way i look at it if these were hour candles i'd be seeing ..... <><>..... A breakout that has consolidated nicely on major ascending support, a bull pennant complete with pole thats going to pop hard in the next couple of candles - I will link a chart to this that shows the temporal line we are about to cross around the monthly candle and the ascending support that is approaching - I believe Btc rallies at some point in June to somewhere between $11600 and $12,100 - Then Btc slumps in July - Then Btc hits $23k at Xmas and this time the prices of Btc, the major coins and the solid low cap coins consolidates much higher......and stays there <><> Watch out for the end of July <><> Whatever you buy there will make you rich
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Higher ascending support, a higher low - There has been a very subtle shift from one layer of ancient support to another, prices area about to go up
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The red line at 54 degrees from the june 2016 peak is holding
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We slipped under briefly but have now recovered the 54 degree ascending support from June 1st peak of 2016 almost exactly 2 years ago
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2016 Support still holding - There are 3 major fib convergences on this chart - bottom, middle and top
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There's 2 ways to scale this chart - Btc opened above support in both of them - Lets see if it hold <><>
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Monthly candle looking healthy
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I've had a hard job convincing people it was going to go bullish - Not looking so crazy now lol
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Back here again, the bears got control for a couple of days there, but now they will stay up all night and have eyes like pandas feeling grizzly and bi polar
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Thru the fib just about, lets see if this price holds
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Look out bears...
