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Bitcoin / TetherUS

The Direction of Bitcoin in Q3

Von GOny_Stark
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The point at which the Bitcoin upward trend breaks is 0.618 in GANN, which is about $7,500 to $7,800.

If there is any change in the line that Bitcoin passes, I will leave a comment below.
Anmerkung
It stopped at 0.382 point on the GANN.

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However, it is worth looking forward to the yellow line as the point of the rebound corresponds to the Fibonacci ratio.

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If the white line breaks, it is likely to flow downward.
Trade ist aktiv
If Bitcoin stays in the current section for longer, it is considered as Wyckoff Schematics - Distribution Area.

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If 10,000 dollars are not broken, there is enough room to reach 12,000 dollars.
Anmerkung
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If bitcoin does not exceed 11,800 dollars and falls to 11,400 dollars, the upward trend is considered to be broken.
Trade geschlossen: Ziel wurde erreicht
It is also possible to reach 13000 if short-covering occurs beyond the next position.

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Anmerkung
Bitcoin's sharp rise seems to have stopped as the $11,400 mentioned earlier was broken.

Bitcoin needs to recover 11600 dollars to continue its upward momentum,

caution to the panic sell if the $10,900 is broken.


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The new long position is dangerous at $11,800.
Anmerkung
On the premise that it doesn't break $11,100, bitcoin seems to be able to do up to $13,000 by using short-covering.

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Bitcoin was resisted by the yellow line after a sharp rise.

If Bitcoin is not supported by the white line, it will fall to the next line below.

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Anmerkung
The white line is near $11,900 in the preceding comment.
Anmerkung
Since the Futures market forms a fairly neutral price range, I adjust to the variables for it.

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Anmerkung
The Direction of Bitcoin in Q4
Bitcoin (Cryptocurrency)BTCUSDBTCUSDTChart PatternsGannTrend Analysis
GOny_Stark

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