The chart represents Bitcoin's price movement with Gann angles, Fibonacci retracement levels, and vertical time cycle lines. Here's a breakdown of the analysis:
Key Observations: Gann Angles: The chart has multiple Gann fan lines drawn, indicating possible support and resistance zones. The red and yellow lines intersect at several key points, highlighting significant price-action zones.
Fibonacci Levels: The chart overlays Fibonacci retracement levels (0.0, 0.5, 0.75, etc.). If sustained, the price currently sits above the 0.5 level (~$78,476), suggesting a bullish sentiment.
Price Movement: Bitcoin's price seems to be consolidating at nearly $102,000 after a recent upward trend. The downward blue arrow indicates a potential correction or testing of support in the near term.
Time Cycles: Vertical yellow lines indicate time cycle events. The next significant date is marked as "30-31 Jan 2025," suggesting potential volatility or a trend change around this date.
RSI Indicator: The Relative Strength Index (RSI) at the bottom shows the asset is in a neutral zone (~53.31). It suggests neither overbought nor oversold conditions, indicating room for movement in either direction.
Analysis:
Short-Term: The price tests a significant resistance zone of nearly $102,500. Failure to break this level could lead to a pullback toward lower Gann fan lines (~$97,000 or $92,000). Watch for RSI changes—if it moves above 70, it may signal overbought conditions.
Mid-Term: A sustained break above $105,000 could trigger a rally toward the following significant resistance at ~$112,000. The convergence of Gann angles and Fibonacci levels around $85,000-$90,000 suggests strong support in case of a correction.
Key Dates: The period from January 30 to 31, 2025, appears critical. Historical cycles and price action in similar verticals could suggest increased volatility.
Trade ativo
The expected downtrend is ongoing, but I believe it's a fake! Based on my GANN methods calculations, we are still in a bullish momentum.
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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.