BTC failed to break middle of gann box from the middle of the trade.
Gann box is veryy good tool used for entries on downtrends( when there isnt much supply or demand zones)
Everything above the middle of it is considered espensive and everything below is considered good to buy.
They should be used with trend and current trend for last few days was bearish so it confirms the move i think btc will go to.
Also zone on 1d timeframe that caused higher high wasnt reached(1d demand zone on chart) 37.5-39k area and is most likely to be tested.
After it gets tested uptrend may continue and maybe even bullrun.
All this is also confirmed on USDT.D chart which you can look more about here.
BTC VOLUME IS VERY LOW THESE DAYS SO YOU SHOULD BE AWARE THAT IT CAN HAVE SOME LIQIDUATION WICK
Gann box is veryy good tool used for entries on downtrends( when there isnt much supply or demand zones)
Everything above the middle of it is considered espensive and everything below is considered good to buy.
They should be used with trend and current trend for last few days was bearish so it confirms the move i think btc will go to.
Also zone on 1d timeframe that caused higher high wasnt reached(1d demand zone on chart) 37.5-39k area and is most likely to be tested.
After it gets tested uptrend may continue and maybe even bullrun.
All this is also confirmed on USDT.D chart which you can look more about here.
BTC VOLUME IS VERY LOW THESE DAYS SO YOU SHOULD BE AWARE THAT IT CAN HAVE SOME LIQIDUATION WICK
