Geometry, the one to rule them all. This chart meant for intra-day trading. You have to look at the Fibonacci levels but also the Fibonacci angles. Good luck!
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Magic squares? What are they. Find out more in prior charts!
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EW approach
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9600 is 38.2% correction from this bulltrend.
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Retest of 10200-10270 is possible
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A new lower low would mean 9500
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We hit 38.2% retracement from top! This is support and think we will bounce to retest 10200 now.
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We broke 1x1 gann angle (45 degree)! Trend turned bearish.
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The blue angles are important support lines.
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Seems like a diamond, trading is a bit indecisive
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Bitcoin is above 1x1 line now, trend is bullish!
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This looks like a bullish correction, bounced on 61.8% fib, trend above 1x1 (45 degree gann angle).
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Breaking up the square give TP 12750-13000
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ETHBTC and BTC inverse relation
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ETHBTC look bottomed now, BTC could come down now
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1x1 Gann angle staying nicely in tact so far.
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BTC nearing the 0.886 vertical time extension, important time level.
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I'm really interested what will happen at the 1 by 1 top.
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And 1x1 angle broken we are below the bulltrend.
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We bounced on the 38.2% uptrend angle.
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Below 38.2% angle bulls losing support.
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The 11.4% angle is our last support. If we dont bounce here most support is lost.