tawhid87

A observation of Gunn square and BTC ranging with volume

BITSTAMP:BTCUSD   Bitcoin
We can see a push without any volume. and couldn't break angular resistance.

Scenario 1
next 50 days we see a range over 35k and a volume of 400k making squeezing pattern and cross virtual resistance of gun square which can start next parabolic run.

Scenario 2
We see gradual ranging with low volume till end of sept and it cross the resistance with time.
according to gun box next massive support below 29 would be 21.5k although I don't see it going below 24K

PS - Please do your own analysis before investing its just for educational purposesonly.
Penafian

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