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Gann Square

Bitcoins recent course and how to read it The BTC/USD trading pair seems to be stuck at the first arc pair of a daily Gann Square set-up. Volume seems to be declining today which could mean that people are not happy to buy at these levels. I conclude that we either break free of the arc pair today or tomorrow or a decline takes place to the top of the first square around 8500. Please note that a bullish crossover of EMA 20 & SMA 50 is immanent which can either lead to advance in price or may be used by operators (Wyckoff) to trigger some stop buys and short the market.
BITFINEX:BTCUSD
by UnknownUnicorn1005877
Verge USD Bittrex entry and exitVerge performs nicely in anticipation of positive news to be announced on the 16/4 or 17/4. On a 60min chart we can see that the price almost touched to top of the 2nd square. Therefore, I believe a correction to the bottom of the 2nd square is immanent which constitutes a possible entry point around 0.069 USDT. Afterwards, and only if Bitcoin does not fall any further, a run up to the top of the 3rd square seems plausible where one could exit its position around 0.115 USDT. Keep in mind that the short-term market trend seems unclear, hence posing higher risks.
Long
by UnknownUnicorn1005877
BTC USD down trend continuesAs expected, the down trend continues. The rising prices of other cryptos, i.e. Litecoin, Ripple and EOS during the past days indicate that the down trend may be almost exhausted. Nevertheless, it seems plausible that BTC reaches our short term goal of 6000 USD today, which is the double bottom. I do not expect a significant bounce here. Maybe we can hold that level for a day. For medium term target please see my other posts. I believe we need to be considering that the down trend seems to be close to be exhausted. Accordingly, any positive news may delay the correction further or even end it ultimately. Trade safe.
BITFINEX:BTCUSDShort
by UnknownUnicorn1005877