Bitcoin Consolidating before next Move Up
Bitcoin. “Wheels within wheels” – that’s what Gann called the fractal nature of markets. That uniquely perplexing feature of market activity such that markets react to support and resistance at multiple time frames simultaneously. Look at the daily Bitcoin chart we have been looking at for weeks now: We can see that price broke through the 1st of the 3rd arc pair and is struggling as it is meandering its way toward the 2nd of the pair. As I have suggested repeatedly here, when/if price closes above the 3rd arc pair, a fun rally will likely commence. Now lets look at the exact same chart,....
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