ItsAboutSharing
Long

Pennant forming - Target 128 ish

MTGOX:BTCUSD   Bitcoin / Dollar
304 8 3
Looks like a pennant (short symmetrical triangle) forming. The volume is going down with the point, very textbook. Hopefully it can take us through resistance (double red rings).
Well, the next (daily) pennant broke out. Didn't publish that one but did call it. ;-) Already reached that target of 133 or so, think others are going to pile on though, keep an eye on it.
Reply
let's see if the double red ring will be butter or hammer.
Reply
LeMogwal, I am hoping the daily chart (which is much stronger than the 4hr) just keeps plowing on. But watch that area in general, as it is resistance a few have mentioned.
Reply
LeMogwai ItsAboutSharing
i am aware about the resistance, we actually don't feel it in the price moves, i hope it will just go through it.

Did you try to draw this gann with a fib number of 21 (and does it can be used?) ?
Reply
LeMogwai LeMogwai
or with keeping this initial impulse but changing the fib number and use 3 ?
Reply
I don't think you choose like that. I haven't tried. Need to back test.
Reply
LeMogwai ItsAboutSharing
ok !
I use and try to find the settings that make the gann fit on the moves already present, but i m not sure if it's a good use of it...
Reply
Well done.
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out