Here is my analysis of XBTUSD
There is a high chance we are in a distribution phase of an ascending wedge.
The way to invalidate it is the green path.
There is a high chance we are in a distribution phase of an ascending wedge.
The way to invalidate it is the green path.
Comment:
XBTUSD we broke the ascending wedge.
The original distribution is in black letters and the red one is current ( very likely)
We touched the 7757 value with a wick and those who caught it, set stop at entry.
We may move to 8281-8350 area soon. If it rejects there, we go lower fast ( 7440 - 7200- 7418 - 6970)
GANN
daily ( zoomed in)
Weekly full cycle
As you see we are near a cycle change. ( July 5th) with a support block at 7190/6414.
Green is drawn before, pink is my expected movement.
Red is only valid if we close below the green box with a daily candle.
XBTUSD we broke the ascending wedge.
The original distribution is in black letters and the red one is current ( very likely)
We touched the 7757 value with a wick and those who caught it, set stop at entry.
We may move to 8281-8350 area soon. If it rejects there, we go lower fast ( 7440 - 7200- 7418 - 6970)
GANN
As you see we are near a cycle change. ( July 5th) with a support block at 7190/6414.
Green is drawn before, pink is my expected movement.
Red is only valid if we close below the green box with a daily candle.
Comment:
Trade entry and targets ; see TG
Chart update
Those who bought 7440, set stop at entry.
( I did not give a specific buy signal for it..)
BTC is trying to reclaim the 7557 level. As long as it holds on higher TF, we may finally target 8k-8.3k area.
Condition;
- hold 7757 level
- close with 4h candle above 7944 and hold above it.
Chart update
Those who bought 7440, set stop at entry.
( I did not give a specific buy signal for it..)
BTC is trying to reclaim the 7557 level. As long as it holds on higher TF, we may finally target 8k-8.3k area.
Condition;
- hold 7757 level
- close with 4h candle above 7944 and hold above it.
Comment:
XBTUSD update
(Daily XBTUSD )
(Daily Gann XBT)
We made double bottom on the weekly support 7440 AND reclaimed the 7757 monthly support yesterday on the daily TF.
In order to move up to 8.2k/8.3k we need to close 4h above 7944 and 8025.
As long as we move below 8.3k we are still favouring downside.
Orders are still pending and nothing much changed.
On the XBT Gann chart you see it is still following the pink route.
The market makers will try to paint a HS formation and probaby a fake breakdown to 6.8-6.9k and take it back up.
We made double bottom on the weekly support 7440 AND reclaimed the 7757 monthly support yesterday on the daily TF.
In order to move up to 8.2k/8.3k we need to close 4h above 7944 and 8025.
As long as we move below 8.3k we are still favouring downside.
Orders are still pending and nothing much changed.
On the XBT Gann chart you see it is still following the pink route.
The market makers will try to paint a HS formation and probaby a fake breakdown to 6.8-6.9k and take it back up.
Comment:
So far so good