Hello, here is a quick gann angle chart for bitcoin price resistance, the lines/angles act as resistance or support depending on the direction the price is coming from. In the red area price will start to find some more serious resistance and thus it's more confident to short here.
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These angles are based on the current range of this smaller downtrend from 9050 to 6440. Breaking above 9050 will start retesting of larger trend into working.
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Breaking above 9050 will result in a retest of 9870.
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See the 0.618 uptrend angle, that's in general a good angle to see some down retracement.
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But the 0.705 angle has to be broken first and that one will be tough too.
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In a wedge, wave 4 should be support if breaking down.
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Expecting some dip now so secured some profit.
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7766 support EW-wise
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If that fails 7570.
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BTC coming in target area.
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BTC held support on Gann angle and seems to be heading up again. 8284/8434 next horizontal fibs.
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We are slowly entering the potential short area 8757/9051 looks ideal.
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Gann Angle still holding.