Get started

Gann Square

BTC at the intersection This is just a sketch. BTC is at the intersection of the arcs. It seems it's confined within. As always, meaningful moves would be after CES a couple of hours later. If the Gann Square works as expected, the more straightforward direction for BTC to go is down. In addition, the bearish dragon pattern of my previous idea hasn't unfolded completely. I have been bearish (at least) since it fell from 25k, so I am shorting as always. What would you see?
Short
by jackrabbitrage
2
Two Bearish Scenarios This is supplementary to my previous idea. If you don't like Gann Square and Arcs, ignore them, or skip this article. But how about the case where this upside was merely a fake out of the pennant? In the previous idea, I introduced a bearish scenario with an Elliott-wise impulsive movement. Considering the arc S&R, or the overall diagonal movement, it could also develop in a triple zigzag way (WXYXZ). I didn't examine a diagonal triangle scenario because it doesn't well fit the art S & R, but it could also be possible. On the other side, wave E of the triangle wave can extend to mark a new high. A robust bullish movement from here may invalidate all my bearish scenarios. Still, theoretically, these scenarios aren't invalidated until the previous high (22850) is broken (though I would close my short position if it went far beyond 21200). Regarding the support, whether approx. 19750 and 19150 lines hold or not would be the judgment (19750 once having been attacked).
Short
by jackrabbitrage
One idea for BTC Elliott wave count (revised)Wave counts corrected. The uppermost W wave begins with a zigzag whose first part is a diagonal triangle with a thrust, followed by wave X adjacent to wave Y, which is also counted as a triangle. The whole structure can be counted as a diagonal triangle ABCDE instead of the triple zigzag WXYXZ, in which case a thrust will likely appear at the end of wave E. Just an idea. Including revisions on previous ideas. WXYXZ: Elliot triple combo waves (e.g., a triple zigzag ) WXY: Elliot double combo waves (e.g., a double zigzag ) Basic principle: If a wave is a zigzag, it comprises three waves decomposed as 5-3-5. If WXY or WXYXZ is a zigzag , W, Y, and Z are each a zigzag . W, Y, and Z waves can each be a double or triple zigzag . X wave can be any corrective wave. Notes: A complex corrective wave often comprises fractal complex corrective structures. A triangle RARELY appears in the second wave of an orthodox impulse. A triangle prevents an equal-sized reversal pattern (a double top, a head-and-shoulders) from forming until it completes. If a HORIZONTAL triangle seems to have an extended E wave, it should instead be counted as a three-wave structure. Truncation is not considered in this count. Gann Square placement is just an idea. Please don't blame me for the number of components. I applied it this time so X waves or minor corrective movements don't penetrate the arcs. Warning: This is just an idea. Another counting would be possible. I don't insist this is the only correct answer. Before posting meaningless comments (e.g., "so many lines!") or groundless criticism (e.g., "no way!"), or any insulting comments, check your knowledge for counterarguments and read THE ABOVE, relevant textbooks for definitions of any theories and tutorials for the built-in tools. Any inappropriate posts will be immediately reported.
by jackrabbitrage
One idea for BTC Elliott wave count (revised) Just an idea. Including revisions on previous ideas. WXYXZ: Elliot triple combo waves (ex. a triple zigzag) WXY: Elliot double combo waves (ex. a double zigzag) Basic principle: If a wave is a zigzag, it comprises three waves decomposed as 5-3-5. If WXY or WXYXZ is a zigzag, W, Y, and Z are each a zigzag. W, Y, and Z waves can each be a double or triple zigzag. X wave can be any corrective wave. Notes: A complex corrective wave often comprises fractal complex corrective structures. A triangle RARELY appears in the second wave of an orthodox impulse. A triangle prevents an equal-sized reversal pattern (a double top, a head-and-shoulders) from forming until it completes. If a HORIZONTAL triangle seems to have an extended E wave, it should instead be counted as a three-wave structure. Truncation is not considered in this count. Gann Square placement is just an idea. Please don't blame me for the number of components. I applied it this time so X waves don't penetrate the arcs. Warning: This is just an idea. Another counting would be possible. I don't insist this is the only correct answer. Before posting meaningless comments (e.g., "so many lines!") or groundless criticism (e.g., "no way!"), or any insulting comments, check your knowledge for counterarguments and read THE ABOVE, relevant textbooks for definitions of any theories and tutorials for the built-in tools. Any inappropriate posts will be immediately reported.
Short
by jackrabbitrage
Will BTC go to 14220? / Examining Rebound to 20200 This is an update from my previous posts (see related ideas below). A huge double-top is set up, so we would see a new low if support is broken. On the other hand, we could also see a bullish dragon (green triangle; double-bottom and diagonal resistance). -Short to Middle-Term Bearish Scenario Maybe considerable downfall, but where to land? Speculation. Given the Gann Square and arcs, which BTC arguably respects, symmetrical movement across its horizontal radius isn't unimaginable. My primary scenario is BTC will finally bottom around 12500, and the secondary is sub-10000 at a selling climax, but BTC always betrays our expectations. So around 14220, Fibonacci Extention 1.272 of the double-top, could also be a point to watch. -Short-Term Bullish Scenario If the price breaks the resistance lines to form a bullish Dragon pattern (green, for example), a rebound to 20200 or higher is possible.
Short
by jackrabbitrage
3
Update: ETH's arc suport lost. Next 1250, or 1180 This is an update from my previous post (see the related ideas below). The arc support, Fibonacci extensions' 0.786 of the large H& S, is now lost. The red candle is testing the bottom of the channel. A rebound is possible here but considering the absence of the arc's support, together with the established larger and smaller Head and Shoulders, the price might not be grounded still after the plummet. Instead, I suppose ETH may find more solid support somewhere on Gann Fan (green), as explained in my previous ideas. So watch 1250 (channel) and 1180 (Gann Fan) next.
COINBASE:ETHUSDShort
by jackrabbitrage
ETH's support levels- analysis based on Gann Squre and arcs With the Etherium merge complete, the predicted dump might be incoming. TA-wise, Gann square played out perfectly and still indicates support levels that could be relied upon based on the previous prediction result. Watch Gann Fan* 1 x 3 (green) if the price further goes down through the crosspoint of the arcs. Because significant support lines are absent immediately below, It seems prices like 1256, 1189, and 1123 aren't so far-fetched if a stronger sellout takes place. The intersections of Gann Fan with Fibonacci levels would provide solid support. Shaded aqua-colored zones also indicate S & R like Ichimoku cloud, based on my previous observation. * A component of Gann Square. I emphasized it with a different (green) color.
COINBASE:ETHUSDShort
by jackrabbitrage
1
ETH on key levels: Gann Square Analysis This is an elaboration of my previous idea about the ETH's resistance levels, this time using Gann Square (and arcs). As can be seen, every arc and fan behaves as support & resistance. White diagoanl line is Gann 1 x 1. Trends above it are sad to be strong, and trends below it are weak if the square is properly applied. Overall, this Diagram shows how important but difficult it is for ETH to break through the two key levels: the current price zone and the previous high.
COINBASE:ETHUSDShort
by jackrabbitrage
Is #btc heading to zero?Anything can happen in this world of crypto but while we panic and sell everything institutions are buying the dips. At the moment price is consolidating above a key demand/ support level. This could be a sign of buyers coming back in the market or sellers re adjusting. One thing I am sure of is that something big always happens after a consolidation. This is when the market is deciding which direction to go. Think of it like a cross road. See chart for potential trade to go long here. If this fails the next level is roundabout 12500. The lower the better the buying opportunity. So what is happening here then? I am linking Elliott Wave with the Gann Square chart. A perfect wave should be near, either side of the 45 degree line.You will see that BTC moved too quickly and missed the 45 and then corrected before making one more attempted to complete a cycle. We could now be seeing a potential completion of a major ABC correction. Let's see how it pans out. We might see a proper bounce from 19500.
Long
by Skinwah
2