BTC Chart Analysis 3/23

in #bitcoin6 years ago

3/22

This is an 8hr chart. Price hit the 9100 level of the pyramid and also entered into a higher channel of the Gann Fann going back to the low in July of 2017. Also seems to be riding along the bottom side of the 50 MA on the 8 hr.

I look for another buying opportunity around 8100. This is definitely forming a big ass wedge. My intuition is telling me that price will try 8100 range and reverse back up towards 9600, taking a pit stop at 9100 again.

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