The weekly chart shows $BITF consolidating between key technical levels. Price action is bounded by horizontal support below and an arc-based resistance overhead. The Gann framework suggests the asset is navigating between these two critical zones—a setup that traders typically watch for potential breakout signals or continuation patterns.
This type of ranging behavior often precedes directional moves once either level gives way. Worth monitoring how price responds at these boundaries for the next trading phase.
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NightAirdropper
· 01-07 14:32
The Gann framework sounds advanced, but in reality, it's still about waiting for a breakout... The contradiction is that most of the time, it's just repeatedly grinding within these two boundaries, which is annoying.
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CryptoHistoryClass
· 01-07 01:19
ah here we go again... consolidation patterns. statistically speaking, this is exactly how the 2017 bubble looked before the wick down. *checks notes* yep, those support/resistance zones? watched the same thing happen with $LUNA before it decided to visit zero.
history doesn't repeat but boy does it rhyme with alarming precision.
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TradingNightmare
· 01-06 11:35
Gann analysis... Alright, it's that old trick of support and resistance again. Just wait for a breakout.
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MetaverseHermit
· 01-05 14:40
Gann is back again, always saying it will break through but then we have to wait... When will this market finally start moving?
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Degen4Breakfast
· 01-05 03:52
Gann analysis is outdated; the key is when it will break out. Let's wait and see.
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NoStopLossNut
· 01-05 03:49
Gann angles... to put it simply, it's just waiting for a breakout. I'm tired of this oscillating pattern.
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MemeEchoer
· 01-05 03:48
Gann analysis is back again. Every time, it talks about support and resistance, but when it breaks or consolidates, no one knows what will happen.
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PessimisticLayer
· 01-05 03:41
Another consolidation like this. When will it break out? I've been waiting so long I'm getting tired.
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LeverageAddict
· 01-05 03:39
Still consolidating? When will it break out, brother? This market is making me feel uncomfortable.
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TopBuyerBottomSeller
· 01-05 03:24
Another period of consolidation, I'm already tired of it. When will we see some real market movement?
BITF Technical Setup: Weekly Gann Analysis
The weekly chart shows $BITF consolidating between key technical levels. Price action is bounded by horizontal support below and an arc-based resistance overhead. The Gann framework suggests the asset is navigating between these two critical zones—a setup that traders typically watch for potential breakout signals or continuation patterns.
This type of ranging behavior often precedes directional moves once either level gives way. Worth monitoring how price responds at these boundaries for the next trading phase.