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Price action seems to line up with rays from the intersection of 12/25/17 and $1,145 on a log scale. Seems to have begun before 2011 and believe it will continue.
immediate price and timing are noted with pink horizontal and vertical lines.
final destination is around 285 middle of september.
let's see if price follow 1/2 line.
let's observe see if price will thru 575 on 11 sep.
Frankly, i cant tell much by Gann Analysis on where about the trace of the price.
i guess, we will see as it happen.
anyway, the retracement is now at 0.5 Gann line which price shud react.
Hidden Bearish Divergence
It is hard to say what will happen the next days. This is a long idea that could work:
Target 1: 540$
Target 2: 613$
- Gann arc is aligned very good at the moment. Check out all the arcs. In other words, the current arc indicates next turning point. It needs to stay inside this arc, if not it could start a new bearish rally.
- Fib 0.886 level ...
i assume of new uptrend cycle when price break first Gann fan.
so the new uptrend Gann fan was drawn from there.
we can see price lingering along 1/1 Gann angle. it is expected price will land on crossing of 1/1 lines before it goes up to the next level.
it is expected to reach TP about 0.485 in end of september.
This is a new TA of SAPNRG (Bursa Malaysia) after its surprised announcement today on second-half of trading session.
the small red square is where the price expected to cross at the date shown at the bottom of the chart.
but, more importantly is that for today price to close in Gann Fan 1/8 that is above 0.475. otherwise it is like game-over for a while.
To establish harmonic cycle is crucial in Gann TA.
If boxes above are harmonic, then it is predicted that price will pass thru all four small squares denoted by black arrow.
Hence, we can establish expected price and dateline; which are:
- about 0.465 around 5 september
- about 0.525 around 10 october
pivot point at price 0.64 was chosen as it denote the beginning of uptrend cycle. confirmed by RSI.
from the pivot, price moving up and reacted at Gann line 0.5 and went down to Gann line 0.25. this is 1/2 retracement which stated by Gann as usual retracement.
Price is expected to move up to 1/1 (45 degree line).
expected price reactions as follow:
- about 82 ...
important date for reaction are:
28/8 - 0.618
1/10 - end of gan gox.
TP1 - 0.62
TP2 - 0.655
TP3 - 0.7
current support re
- the up-trending has begun.
- price nicely follow Gann box, reacted a short sideway, and now price is catching up with the 1/1 line.
- QR for this Co is just around the corner. trade with caution pls.
- quite difficult to draw box coz it is hard to determine the cycle.
- the overlapping Gann box because of assumption of few starting cycles.
- Price has followed redbox tell the border, which we can expect price will react, around 20/8, and follow new greenbox, hence starting of uptrend of this stock.
- if cycle follows the overlapping greenbox, then price is ...
Crossing 2/1 gann, 38.20% fib and bounce off support, or fall?
If this is a valid pattern, price would be projected to 10k USD for the end of the month.
Please comment with your opinion.
Looking at our daily bar chart here
currently in a massive demand zone and if bitcoin cannot get above 6500 then were likely to see a breakdown of 6k down towards 5800-5600 area at first, creating another ATL for 2018 is quite probable with current market conditions
Of course this could all change with some large bids, the scarcity of bitcoin is making these ...