Dersou

My view on BTCUSD based on Fib, Gann and SMA

BITFINEX:BTCUSD   Bitcoin
Analysis of BTCUSD based on fib levels (from 2015 low), Gann fann (from 2015 low, then from 2017 high), and Weekly Moving averages (7 / 20 / 30 / 50 / 100).

We can see a convergence of the resistances (Pink zone) between these lines : Fib 0.786 retracement + 3/1 decending Gann + 1/2 ascending Gann + 100 Weekly SMA.

The Pink zone is somewhere between 4620 - 3990 USD, and the full convergence is aroung the 24th of July 2018.

A close over the 0.65 Fib line or the 2/1 descending Gann fann would invalidate this outcome.
Feragatname

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