BTC is trading within a very narrow range. There may be reasons for the exceptionally low volatility, one of which might be provided by arc analysis. As can be read from the chart, BTC has been contained in a crosspoint of the arcs. By scrolling the above chart, it can be seen how well the arcs have served S & R. Coming out of that area, BTC is expected to...
This is the sequel of my related idea . The arc resistances indicate the possibility that BTCUSDT might experience fractal formation after the breakout of the left descending triangle. If another minor Descending Triangle is forming, BTC will still trade within the range for a while before the bearish continuation develops to its full scale.
Looks like it will break persisting indecision shortly. The key price would be roughly 17200 and 17600 (see related ideas below). I'm interested in whether BTC defeats the bearish AB=CD to form a diagonal triangle with an upside throw-over, or ends up in "failure" in Elliott's sense.
We are amid a double-bottom rebound in the short-term timeframe, which looks like a triple-bottom pattern that reminds us of the inverse head and shoulders. Nevertheless, the chart is moving slowly. Why is this? At least the arc answers. We are in the middle of a compression. Where does the compressed energy go? Let's look to the left here. Even conservatively,...
If the chart is forming an Elliot impulse wave, and the sharp drop last week was the third wave of it, we will see the fourth wave correction and arrive at the short-term target of 135.0. As detailed in the related idea linked below, I would see an elongated range formation, and it could take years for the yen to recover its original level. Pitchfork. the...
As we predicted in one of our scenarios below, the chart seems to complete an Elliot impulse (its first wave could be a non-standard impulse or a diagonal). Because this chart respects Gann Square and arcs, the fifth wave will likely land around 135. This also fulfills one of the standard extensions of the H &S downfall, i.e., FE2.000. Possible next...
Just speculation. This chart seems to respect Gann Box, Gann Square, and Arcs as depicted. If so, Gann 1 x 1 would exhibit a significant resistance at the 17400-17700 level. If so, an Elliott wave theory's Bearish (expanded) flat could form. Again, this is just speculation- for a more orthodox analysis, see my previous ideas linked below. Hate comments...
Applying one method from WD Gann's "Square of 9" toolkit. Find a range low and run this calculation to get the range high: ``` ( sqrt(range low) * 2 ) ^ 2 = range high price ``` Find a range high and run this calculation to get the range low: ``` ( sqrt(range high) / 2 ) ^ 2 = range low price ``` This chart has 4 example of this in action. Black, green, red,...
I have presented some ideas where this downtrend is interpreted as Elliott's triple zigzag (WXYXZ) (see also links below). So let's continue the speculation. If the Z wave of it is now developing, it would have, by definition, a three-wave zigzag structure (WXY as presented, but ABC also possible) comprising 3-3-3 waves. No wonder this chart begins to...
This is a clean version where Pitchfork is removed. For details, please look at the idea I've included below. For some people, this could still be nothing more than a messy chart. So if you think, "where on earth could this chart be clean?" please don't say it...
b6a6a Gann star from walmart Intersection of Gann fan usually come with unusual price action and potential seperation to upside buystops 17635 right off angel 120 as long as price trading above 16250 and see action to upside within 5days
This is supplementary/alternative to my previous idea. Examining the internal waves of my presupposed "impulse," I realized some counts might mismatch Elliott's Law. Instead, this move may form a corrective wave, e.g., complex correction (WXYXZ, Gray) or Diagonal Triangle (ABCDE, red; could be longer if with a thrust). The chart would be self-explanatory, but the...
The chart would be self-explanatory. Here we are rebounding from FE 0.886. I marked 1.000 and 1.114, respecting the H & S. This article is tagged as "short," but beware of possible extensive upside moves. Better be cautious until the candle crosses down the arcs' crosspoint (at least in a lower timeframe). By the way, this is an update for my most notorious...
Gann Square, the built-in smart tool of TradingView, is provided with many fans and arcs. Every single one of them, if properly plotted, is considered to serve as S & R. Not to mention their crosspoints. In this chart, I applied it so that only the strong movements (progressive waves in the E.W. Theory) in the trend direction penetrate the arcs and the...
With the crypto exchange's asset liquidation plan flowing as FUD, the BTC chart, which looked strong, looks fragile. Technically, a Bullish Dragon (green)' s TP (21700) has almost been (but has yet) reached, and BTC is on the path to test the support of another giant Dragon (blue). Dragon patterns (often simply wedges), large or small, bullish or bearish, their...
Some errors and issues in precision are addressed. No change in fundamental concepts. The bear market shouldn't have been over, but we are likely in a relief rally if the price rises above the threshold of around (21600-) 21800. Beware of still possible correction before the bullish move after the breakout. Long until December, and maybe short (in January) at...
The bear market shouldn't have been over, but we are likely in a relief rally if the price rises above the threshold of around (21600-) 21800. Beware of still possible correction before the actual bullish move. Long until December, and maybe short (in January) at 33.5k-34k. If the market is more bearish, the downtrend could resume at 28k-29k. I changed my view...
*sorry for the early cut off I didn't realize how much time I had left* I go through my currency pairs and analyze them while listening to music and talk to you guys. *not a financial advisor*