Here I have layered two gann squares that illustrate the current curving trends of the BTC price, one large and one small, both nearing a break into their 4th ring.
On top of that, two fans which nicely encapulate the bullish and bearish trends. Bear starting in November, Bull starting at this recent low in December. The Bullish fan also coincides with the long term support trend line, drawn from early 2013.
Ending the year in this setup I cannot help but feel supremely confident in BTC during this next, week, month, and year. Of course, all bets are off if we close a day below that long term support trend line.
On top of that, two fans which nicely encapulate the bullish and bearish trends. Bear starting in November, Bull starting at this recent low in December. The Bullish fan also coincides with the long term support trend line, drawn from early 2013.
Ending the year in this setup I cannot help but feel supremely confident in BTC during this next, week, month, and year. Of course, all bets are off if we close a day below that long term support trend line.
