c073

BCHUSD Support will be penetrated

Short
c073 Updated   
BITFINEX:BCHUSD   None
As you can see I'v already spotted the resistance area on chart.
Don't be fooled by indicators.

Now The gann square is here.
5d 10d measure time.
1/2 is from my silly use of gann line. IDK what it is so it's a mysterious spot.
Seems it just a cycle. Then we should know that The gann angle is a measure tool ;-)
It's must not be the resistance speed line. The speed line is just divide price by some ratio.
But gann square is called the time & price calculator.
I'm still not sure what 1:1 line means and how to correctly put it.
Comment:
Trend line is break. Small trend is over. Price now should be paused.
Comment:
Sharp rally is expeced.
Comment:
Yes the support will be penetrated. It will only happen in right time.
That's when this rally finally end.
We should observe price carefully. This is the last short point and the safest entry for short.
This 1st is macd signal or the confirm of your signal. Use your way, don't ask me how to confirm your signal ^-^
2nd is the small mid-channel pause.
And 3rd is now. The bigger mid-channel pause come.
Comment:
s3.amazonaws.com/tra...shots/o/onFlCtdr.png
Give you guys a gift.
My manual drawn FLD. ^_^
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.