Gann Square
TSLA DailyFor my own reference.
If you have any questions feel free to contact me.
Red lines are long term targets, while the black lines are my short term targets.
SL: Closing under 289
A very good entry!If you think BTCUSD will fall even more this summer, then here is a good setup:
- Head & Shoulders are about to be completed.
- Parallel lines to the bottom line of the symetrical triangel are working as resistance lines on the last shoulder.
- A copy of the left shoulder gives us less than 5 days to complete the Head & Shoulders pattern. In other words it should descend rapidly.
- It didn't bounce at the first Gann arc (marked with green circles)
Note! It could jump up to the next parallel line and a stop loss above this level could be used.
Forecast:
- Breaking through the bottom line within 5 days.
- It will descend all the way down to the 4280$
- The Head & Shoulders Potential, The Gann Arc and The Reversed Cypher Pattern confirms this.
- It should turn over arround beginning of July.
Good luck!
Cypher on BTCUSDJust another bearish update on BTCUSD, I think we are half away from the turning point TP = 4280$ , 3.July.
1. Reversed Cypher is about to be completed.
2. Gann Square gives a good estimation on when it will hit the point X on the Cypher Pattern
3. The Volume is still descending currently.
In other words I'm still short.
Just like clockwork!Gann Square works perfect on XRPUSD, just take a look on my earlier posts from April month. Alright I did som small adjustments after the first post but it is the same technique still. It helped me to anticipate wave 3., wave 4. and now maybe wave 5. (??).
The Forecast is simpel: I will go long as soon as it hits the next arc. TP = 0.40774$. We also have support from the global trend line and the 0.886 fibonacci level from the last wave.
When to go short: 3. July (Almost all of my work says the Crypto will turn over arround this day..)
Meanwhile I'm short. Especially now when it crossed thrue the arc midway of the descending path.
A bearish idea on BTCUSDA possible bearish move on BTCUSD using Gann Square. Target point 4600$ arround 4. of July :)
BTC IdeaBTC idea based on Gann linear scale using the 11/21/2011 weekly $2.25 bottom as the start. think we're good for one more bounce, then it's anyone's guess. Amazing that the lines from almost 7 years ago still have such an impact today
EOSUSD | D | GANN GEONice |EOSUSD| bounce in gann |geo| setup. enjoy!
3H is saying 14.40 !
Cheers,
Keops
Bitcoin, are we ready for 10k?BTCUSD did not manage to touch or break the 10k on Bitfinex which was not really suprising to me. Therefor the market took the chance to retrace. Now the question is, are we ready for the next run towards the psychological 10k barrier?
I believe the retracement is completed and we are heading towards and perhaps breaking the 10k:
- Price found support at the 2nd arc pair
- We did not touch the top of the 2nd square
- Volume on 60min red candles declined -> shortage of supply
- BTCUSD Shorts (Bitfinex) did not rise further
Things to look out for:
- I am missing is a proper demand bar (high volume green candle). That would confirm further upward movement.
- Break of 9450 which is the end of the 1st down wave.
As always trade safe.
Bitcoin Short Target Long Entry BitfinexWhat happens: I believe this is a short term correction. BTC hit the 5th arc pair in a 60min set-up
Where can we go: I hold 8600 for a likely target which is the bottom of a square.
And if not: the next target and quite heavy support would be around 8100 where the price will hit the 3rd arc pair of the down set-up and the top of the first square of the uptrend set-up.
Trade safe!
DASH Possible Exit Points BitfinexDASH made an expected advance today when it overcome the 482 level constituted by a recent high and the top of the 3rd square of a 240min Gann Square set-up. That breakout looks quite convincing to me since it was accompanied by high volume.
By the time of writing the price takes a breath at the 3rd arc pair which makes me think about possible points to exit long positions.
The most optimistic in short term (up to 10 days) is 740 USD at the top of the set-up. A lower target for profit taking like 650 USD might be advisable.
Trade safe!
