Bitcoin Continues to Hold All the Key Levels on Setbacks, Fibonacci
Bitcoin
There are two methods we use at ONE44 to find support and resistance in the markets.
The first are major Gann squares, these are the yellow horizontal lines on the chart.
The second is Fibonacci retracements.
This is our latest Video on how to use the Fibonacci retracements with the ONE44 rules and guidelines. NEW VIDEO
In the update below we have the swing point and what to look for above and below based on the two methods of analysis.
Bitcoin
From last week,
The high this week hit the 122.481 major Gann square and this will be the key level for next week.
Use 122,481 as the swing point for the week.
Below it, the short term target is 23.6% back to the 4/7/25 low at 111,546, this is also a major Gann square. The longer term...
The current low is just short of the short term target at 111,546 and this will be the key level for the week.
Use 111,546 as the swing point for the week.
Above it, the short term target is 78.6% back to the 7/14/25 high at 120,500. A failure to turn lower from this area will give us only major Gann squares to look for resistance and then use as the swing point when closed above, the next two are 129.879 and 136,938.
Below it, the short term target is the 105,403 major Gann square and 38.2% of the same move at 104,750. The long term target is 23.6% back to the 2022 low at 97,820.
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Our goal is to not only give you actionable information, but to help you understand why we think this is happening based on pure price analysis with Fibonacci retracements, that we believe are the underlying structure of all markets and Gann squares.
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