BTC/USD // Bitfinex - SHORT
Are we heading for a HUGE correction of Bitcoin?
Using Gann Angles I can see Bitcoin crossing the "death line" of 45 degrees on the uptrend, that usually means a big correction is on the way.
Using Another set of Gann Angles on the All Time High Point we are able to see the two angles crossing together at around 13k which is also a point on a uptrend line from a long time.
Two things might happen at that point: Either the price will bounce and go up, or it will break the line and we might be headed to at least the 8k value set on the chart.
What do you guys think?
Using Gann Angles I can see Bitcoin crossing the "death line" of 45 degrees on the uptrend, that usually means a big correction is on the way.
Using Another set of Gann Angles on the All Time High Point we are able to see the two angles crossing together at around 13k which is also a point on a uptrend line from a long time.
Two things might happen at that point: Either the price will bounce and go up, or it will break the line and we might be headed to at least the 8k value set on the chart.
What do you guys think?
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