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CrazyC
Sep 24, 2014 12:15 AM

Price squares and reverses off gann angle and historical support Long

Bitcoin / U.S. dollarBitstamp

Description

While many people were calling 200s, and theres a good reason to expect 200 in the future we have bounced up from yet 5th consecutive gann angle at historical support. Many will contribute Paypal news to the rise, but anyone that understands market structure and gann went long with a sl below that pivot. If you look we have reversed at every gann angle since November 2013 run. Many people look for price action i would say time is more important. a retest of this current low would mean a failure and fall to subsequent gann angle, but i would say theres a very high chance and my call is we will see 500's and touch of ote and angle before returning deeper. Time is more important than price imo and will look for a touch of top angle coinciding with ote .705 fib off previous drop to short.
Comments
CrazyC
angle is res now
Anima87
Currently at 300 - would like to see an update :)
Anima87
*330
Timing_is_key
Nice chart! Don't forget the long exit's & Short Entry's on the backside of the middle green angle. Keep posting interesting analysis.
QuantitativeExhaustion
New and interesting combinations
AndrewGrennan
Hey CrazyC. I want that side volume bar! I've seen it in a few charts so far, and every time I "Make it Mine" and acquire the chart, such as yours, the side volume bars are non-existent, and their label is red with some kind of error code, so I can't take the code for myself. If you have some time, how do I get this indicator?
SunnyBTC
Good job man. Looks good :)
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