What happened? Weekly candle wicks down to 124.00 level it was respected and price rejected support, bouncing out of the 40 week cycle trough.
Whats going to happen? never know but what we know from the cyclic phase analysis is that price is currently in a bullish phase until July 7th where the bearish phase is expected to begin gaining momentum.
price currently bouncing out of 2O day cycle trough from the previous 20 day triple top/peak cycle.
expecting similar patterns to play out this time around a cross back over the fld for a short term short trade and then long from cross back upwards to first of possible 3 peaks.
I mostly trade the 20 day FLD (Future line of demarcation) and the target generated from the 20 Day FLD has been met for the 40 day peak. However while considering the 40 day FLD, the peak target is 0.90730 and the high of today as of now is 0.90103, so maybe there can be a little push up before we go down to the trough.
Today is the 34th day in...
40 Day trough targets were met yesterday, 21st April so most likely the low of yesterday will be the trough of the 40 Day. Now lets look at the peak coming ahead of us. I usually trade the 80 day cycle, so now we are in the second half of the 80 day cycle.
As I trade the 80 day cycle therefore I look at the 20 Day FLD(Future Line of Demarcation) for...
" The bottom is in " is what they say. That's not what I'm seeing on my chart and it's this kind of market sentiment I like to see when making short predictions.
If you zoom out on the chart, you'll see Bitcoin has some room to go up while still maintaining the long term bearish trend.
I'm seeing 4200-4300 as a good range to short if we get there. This range...
The green diagonal line represents the longitudinal position of Jupiter on the GBPCAD chart. GPLs (Gann Planetary Lines) represent the natural support and resistance levels on a price chart. In the GBPCAD’s case, it has found support against the GPL of Jupiter. Additionally, the 4/8th harmonic at 1.6938 has acted as a support zone.
Price target is 1.7704 on or...
Well, I'm just say all of your indicators have the probability of fail.
And now. It's the critical time of both the momentum and volume indicator to both fail.
And your chart, your lines drawn by your hand. They all fail.
The trendline you drawn is usually invalid. So it's fail. Through it may useful.
But now. Anything seems not useful.
It's the hardest situation...
See your macd signal or see my beautiful blue macd.
It is the valid signal for very small cycle. But may not valid for big cycle.
Bigger cycle is down but it's now paused. So this rally is profitable if you want trade.
warn. This rally is really small. If you don't have experience for this small price action better igonre that signal.
This analysis is only valid...
As you can see I'v already spotted the resistance area on chart.
Don't be fooled by indicators.
Now The gann square is here.
5d 10d measure time.
1/2 is from my silly use of gann line. IDK what it is so it's a mysterious spot.
Seems it just a cycle. Then we should know that The gann angle is a measure tool ;-)
It's must not be the resistance speed line. The...
Another attempt at Hurst analysis.
I look at When to trade website since they publish the dominant cycle for BTC.
I see that BTC will probably move up to 7000 -7300 range and then drop for a new low at the 80 day through.
I believe my through analysis is wrong and I will have to correct it, however I can't see where my mistake is yet. I hope a new high will help...