Another nice example of the power of this type of gann square configuration. For now price is not allowed to penetrate the circle intersect. It could continue oscillating until Oct 22nd and then move higher. enjoy !
Cheers,
Keops
Price should come down a bit in the coming days to hit the middle intersect line then after a potential rally in the intersect. All of my charts are properly lock scaled so you can zoom in and out at your convenience. enjoy!
Cheers,
Keops
Hey, when using Fib Retracement levels in log chart, their value is calculated according to linear price value, not according to position in a chart, but i found that if u use Fir Channel levels are drawn based on distance between given points.
So to draw long term Fib retracement in a log chart we can use Fib Channel and draw it horizontally.
The image you are seeing is a rare (only because not many people use it) and old form of technical analysis from WD 0.07% Gann's work: the Square of 52. The Square of 52 is a 52 week time cycle that begins at an important high or low, in this case the all time high of Bitcoin -5.56% . What we have here is the exact center being traded, and it's at the bottom of a...
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$
Arguments:
- 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...
It has been a while now but here is another idea I think could work.
Trade 1
Entry: Now
Stop loss: Somewhere below the upper line on the descending wedge
Target: 1.412 (+8,3%)
When: Middle of October this year?
Trade 2
Entry: 1.412
Stop loss: Somewhere above the dotted lines and the grey Gann line.
Target: 1.336 (+5,4%)
When: Beginning of May 2019?
Trade 3 -...
Hello CryptoShaggerz,
Seems like NEOUSD "bottom" is holding at the moment. I know lots of traders out here are expecting an even deeper bottom.
Still, if this level holds, we could see a decent bounce.
BUY : Around 27USD
SELL : Wherever (highest target on chart is 47% !!)
STOP, if 25USD breaks down.
While the world watches BTC other things pop off, I've been watching this since the day it hit Binance.
NB I cant show the chart as it is in a 8min timeframe and TV wont let me post that little time frame
You have to learn to look where nobody is looking and have the tools to trade let you know whats up in the market.
Trade oscillator heading down for now it...
Nasdaq has gone so much up lately and I think it will turn downwards next three years.
Target 1: 3500 (52%)
Target 2: 1760 (76%)
When: April 2021 and May 2022 / January 2024
Stop loss: Above the resistance arcs.
Arguments:
- 2 different Gann Squares says it made All time high last week.
- Gann line from the Gann Square is saying the same.
- Gann Fan line also...
This chart will become clickable in a few days.. just in time for you to follow this nice potential epic short if I'm right :) Watch-out for a massive selloff if price penetrate 170 and stay outside the circle intersects. enjoy!
Cheers,
Keops
