MJC77

BTC - Consolidation Time

BINANCE:BTCUSDT   Bitcoin / TetherUS
I have a lot to learn but there is a symmetry in the market which I’m discovering as a Gann student. One of the things you can do is find a significant high and low, box the price in, draw a couple of diagonals and a cross and an angle from the bottom left corner. Bitcoin's price action seems to be respecting the angle which I’ve put in red. If price falls below 9,000 expect an ABC corrective pattern and an invalidation of the second box. However, I think price will fluctuate between 9,000 and 14,000 for the next 3-4 months, which will be healthy consolidation for the next leg up. When there is a breakout above 14,000, hold on tight, because you won’t be seeing these prices again.
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