If you think BTCUSD will fall even more this summer, then here is a good setup:
- Head & Shoulders are about to be completed.
- Parallel lines to the bottom line of the symetrical triangel are working as resistance lines on the last shoulder.
- A copy of the left shoulder gives us less than 5 days to complete the Head & Shoulders pattern. In other words it should ...
Just another bearish update on BTCUSD, I think we are half away from the turning point TP = 4280$ , 3.July.
1. Reversed Cypher is about to be completed.
2. Gann Square gives a good estimation on when it will hit the point X on the Cypher Pattern
3. The Volume is still descending currently.
In other words I'm still short.
Gann Square works perfect on XRPUSD, just take a look on my earlier posts from April month. Alright I did som small adjustments after the first post but it is the same technique still. It helped me to anticipate wave 3., wave 4. and now maybe wave 5. (??).
The Forecast is simpel: I will go long as soon as it hits the next arc. TP = 0.40774$. We also have support ...
BTC idea based on Gann linear scale using the 11/21/2011 weekly $2.25 bottom as the start. think we're good for one more bounce, then it's anyone's guess. Amazing that the lines from almost 7 years ago still have such an impact today