Gann 50/50 rule points to ~$8,100 Bitcoin around US Election day
With the recent highs in Bitcoin around $12,500, the new Gann 50/50 target is smack dab in the middle of the Nov. 3rd US election.
Confluent with the 3x1 Gann angle as well, this location will be a great spot to look for dollar cost average opportunities if BTCUSD continues to trade lower through the end of the year.
This isn't a great location to be thinking short after the 2nd largest one day drop in price for 2020 happened, but thinking ahead, this Gann 50/50 location will be one to watch.
Confluent with the 3x1 Gann angle as well, this location will be a great spot to look for dollar cost average opportunities if BTCUSD continues to trade lower through the end of the year.
This isn't a great location to be thinking short after the 2nd largest one day drop in price for 2020 happened, but thinking ahead, this Gann 50/50 location will be one to watch.