Fan Principle for Bitcoin
John Murphy's classic book 'Technical Analysis of the Financial Markets' mentions the 'fan principle'.
Going with that model, lines 1 and 2 have formed for Bitcoin.
It appears that a possible 3rd fan line is in the works.
The 3rd line shown here has provided resistance twice.
Going with that model, lines 1 and 2 have formed for Bitcoin.
It appears that a possible 3rd fan line is in the works.
The 3rd line shown here has provided resistance twice.
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