Inside the current geometry, we can predict a certain level of cautious bias ahead. Bitcoin has traded above the 45-degree angle (green diagonal line nearest the current ) and has continued to hold that level since the close of yesterday’s close. There is also an extremely important time that occurs on February 22nd, 2019. This time is one of the most important during the entirety of the current Law of Vibration cycle because it triggers a move that lasts until the 4/8th time on April 11th, 2019. Given the nature and sentiment that has weighed down on Bitcoin’s price – we can safely predict a response from this zone – but expect some pullback prior to any significant break towards the 4000 value area.
Predicting and forecasting future price at a certain date
was formidable at being able to predict specific price and time targets, something few have been able to replicate. That is one skill I continue to develop, myself. However, utilizing the same predictive tools in Gann’s trading toolbox, we can get an idea of when and where the next turn in the market may occur. This can be achieved using Gann’s Square of 9 tool. If we begin the Square of 9 tool at the 2018 December low of 3130, then we can forecast where time and price are squared.
The low of 3130 was found on December 14th, 2018. Starting with that date and price, we can see an interesting confluence zone within the Square of 9. First, the yellow highlighted line represents the angle of 120-degrees (also 120-days). April 11th and April 12th are 120-degrees from the bear market low – that coincides with the current Law of Vibration 4/8th time-harmonic on April 12th. Predicting a price target requires a little more finesse, personally, I don’t worry about the price, I just want to know when something will happen. But let’s try to predict and pinpoint some targets.
Mirrored Foldbacks, Squares of Price and Time
The blue highlighted box represents the price area that I copied and then ‘flipped’ or ‘mirrored’ onto the end of the blue box – creating the dark bars you see on the chart. This is what’s called a ‘Mirrored Foldback’ pattern. They’re everywhere in every market on every time frame and are extremely useful in forecasting and predicting future price swings. When looking over the Square of 9 for the December 2018 low at 3130, we can see that a square time and price value of 6226 is found. That price level is very, very close to the 4/8th inner of 6301.94 that falls right on April 12th, 2019. We have a confluence zone of two different square of price and time in the same area.
While predicting a future time and price location is extremely difficult – it is very difficult to not isolate the 6301-value area being the price target zone around the April 12th, 2019 date. Now, certainly, the prediction could be way off and a lower price level within the Square of 9 could be found, but give then nature of these shared dates, the predicated price level of 6301.94 is a very conservative and reachable target.
I would anticipate a move towards the 4400-value area sometime after February 23rd but before March 9th with another strong push towards the 2/8th Major at 5041.75 at the beginning of March. February 23rd should be a strong catalyst for price action given that it is 99-days from capitulation move from November 14th, 2018. Also, consider that there was NO retest of the 2/8th Major level at 5041.75 – which is odd. But Major price levels should be observed from a weekly and monthly standpoint, so Bitcoin moving to test this line before Mid-March would be very much in line with normal price action behavior. March 19th is very close to the date of March 21st, which I would predict sees Bitcoin reacting to that time cycle and moving swiftly toward the 6301.94 value area.