BTC: Watch 18460 if it breaks below the bottom of pennant
As we predicted, the bearish dragon pattern (red) is unfolding to pull the price down to approx. FR 0.786, almost the bottom of the pennant (gray).
If it breaks, what's the next target?
Because Gann Square works well, we could focus on its crucial component - two Gann Fans 1 X 1 (blue).
Interestingly, the crosspoint of the two Gann Fans coincides with the FR 1.272 level of the bearish dragon.
If you look at the left side of the chart, this horizontal, 18460, will be conscious initially.
But, because so many things overlap, no wonder it serves as significant support before the price reaches the current market low of 17600 at a continued downfall.
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update.
註釋
memo & update.
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