BTCUSD WITH GANN SYSTEM RULES DAILY ANALYSIS 10 AUGUST 2024

١٠ أغسطس

BTCUSD pair has been struggling to cross the birthzone above the previous ATH of 69000. The Birthzone level of 71876 is very important as seen on chart. We have made first attempt to clear this level on 14 March 2024 with ATH of 73794. Other attempts were made on 27 March 2024 and 08 April 2024. Support was taken at Momentum level 2 at 61330 at 21 March 2024. Thereafter at 61278 on 17 April 2024. Next we took resistance at Deathzone level of 66124 on 22 april 2024. We took support at Trend decider level of 57498 on 01 May 2024.
Again we made an attempt to clear the Birthzone level of 71876 on 20 May 2024 and 07 May 2024. Again we failed to sustain above the Birthzone level. We corrected to Momentum level at 53663 at Momentum level 1. We made an high of nearly 69000 on 29 July 2024. current corretion we hit nearly the level of Birtzone of 48871. Actual low came in at 49577 0n 05 August 2024 an Gann Date. Now we have bounced to momentum level 2 on 08 August 2024 within 3 days. trend decision level is 61330 above which trend is positive with supports coming in at 57498. Usse the system prudently to make decent profits following the rules of Gann trading system.
Happy Trading !!!