RACEACEACE #Bitcoin FRACTAL IDEA. 7.8 (7830?) to MOON

I like the confluence between the current price action and the fractal from March 25 2020 (green box). It has good confluence with the current support / structure on the Gann Fan. Granted that the candles have been resized to match, but it fits with my bias of a correction down to 7830, which I personally believe is support. If that fails, I will look to 7577 for long confluence. Also, in the neighborhood of the 7.8 price range, the Gann Fan is showing strong Red 2/1 line support from the pivot high of February 2020.

This is just an idea that I will use as confluence for my trading decision. I will not short. I intend to long at the opportunity that I deem is beneficial for me.

BONUS:

Hard topside resistance, means a move above one = a move into the next one: 9481, 9715, 9926, 10550, 10595, 12763. These are not drawn on this chart, but you can put in the effort and reap potential rewards if you plot them on one of your own charts.

I think, eventually, the price will pass through 9481. I think the 10500’s has been touched too many times and every noob will try to short it, so... what do you think?

Anyways, I wish you a safe and profitable week ahead. I may be too busy to update this idea, but I do regularly tweet instant updates for free (obviously).