Click play on previous analysis.
Gann Square shockingly accurate with major reversals on the weekly.
I’m really interested to see the reaction to this area, shown by pink arrow. Notice the last time we touched this fractal on the Gann Square.
Obviously, as a swing trader, when I make these charts it’s more for situational awareness than anything. Plus, I find this stuff to be really cool.
Happy charting
Gann Square shockingly accurate with major reversals on the weekly.
I’m really interested to see the reaction to this area, shown by pink arrow. Notice the last time we touched this fractal on the Gann Square.
Obviously, as a swing trader, when I make these charts it’s more for situational awareness than anything. Plus, I find this stuff to be really cool.
Happy charting
Comment:
:)
Comment:
Right now due to world conditions I am 50/50 on this 15k target.
If, and that is a big if, we make it through the next 2 - 4 week, and continue up and through those two semi circle black lines right ahead of us, I see a massive BTC pump over a 48 - 72 hr period being very possible. A safe target for that would be 15k but $16000+ is a very real possibility. We seem to have some effective Bullish support below us, the Gann box says to me that we have continuous, sustained buying of BTC. This is not surprising, I would attribute that to many factors. First and foremost, with much of the USA home and collecting unemployment, I think the crypto world has picked up some new buyers and new fans, many who I think have followed bitcoin from a distance in the past. Now, these people have more uncertainty in the US dollar and other currencies, and Bitcoin has become a more acceptable inclusion into amateur investment profiles.
Provided that world events stay somewhat consistent, I really like Bitcoin going forward, not just from a traders standpoint, but for diversification in savings as well.
There are two places here to buy - one would be a daily close above $11k, and the next would be a candle that pierces that overhead resistance I referred to already.
Good luck.
If, and that is a big if, we make it through the next 2 - 4 week, and continue up and through those two semi circle black lines right ahead of us, I see a massive BTC pump over a 48 - 72 hr period being very possible. A safe target for that would be 15k but $16000+ is a very real possibility. We seem to have some effective Bullish support below us, the Gann box says to me that we have continuous, sustained buying of BTC. This is not surprising, I would attribute that to many factors. First and foremost, with much of the USA home and collecting unemployment, I think the crypto world has picked up some new buyers and new fans, many who I think have followed bitcoin from a distance in the past. Now, these people have more uncertainty in the US dollar and other currencies, and Bitcoin has become a more acceptable inclusion into amateur investment profiles.
Provided that world events stay somewhat consistent, I really like Bitcoin going forward, not just from a traders standpoint, but for diversification in savings as well.
There are two places here to buy - one would be a daily close above $11k, and the next would be a candle that pierces that overhead resistance I referred to already.
Good luck.
Comment:
Also, bearish scenario is anything below 9200. I would prefer that we not drop under 10k again, but $9200 is where I would start to worry.
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Breaking about $11.2k increases my chance of moon to probably 70/30.
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Also, if that happens before the end of the weekend (break above $11.2k) I would put that chance even higher. Maybe 75/25.
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I'll be honest, I was experimenting when I made this chart. Make no mistake however, I was deliberate, methodical, and very serious about constructing a real map of Bitcoin's movements.
I believe I have done so.
For now, I will keep secret exactly what I did and how I knew where to put these Gann boxes, and how I sized them. But this chart has absolutely blown me away.
That said, we're at resistance here. I'm not experienced with Gann before this, so I am not super familiar with how bitcoin should react on a technical level to this spot (overhead sloping resistance, the semicircle).
I believe I have done so.
For now, I will keep secret exactly what I did and how I knew where to put these Gann boxes, and how I sized them. But this chart has absolutely blown me away.
That said, we're at resistance here. I'm not experienced with Gann before this, so I am not super familiar with how bitcoin should react on a technical level to this spot (overhead sloping resistance, the semicircle).
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And yes, my chance for $15k bitcoin (possibly before EOY) is now 70%, up from 50%. That changed for me the moment we broke 11.2k.
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I have a strong feeling this could rocket at any second.
I won't be taking trades at margin, but I hold significantly more Bitcoin than I do actual cash, for many reasons, not the least of which being that I wholeheartedly believe in Bitcoin.
It also happens that my broker deals primarily in crypto, which is better for everyone involved.
In any case, if I were you, I'd have Bitcoin right now. I don't see us under 10k again any time soon - UNLESS the global economy experiences an absolute catastrophe.
I won't be taking trades at margin, but I hold significantly more Bitcoin than I do actual cash, for many reasons, not the least of which being that I wholeheartedly believe in Bitcoin.
It also happens that my broker deals primarily in crypto, which is better for everyone involved.
In any case, if I were you, I'd have Bitcoin right now. I don't see us under 10k again any time soon - UNLESS the global economy experiences an absolute catastrophe.
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^dont say I didn't warn you.
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Again, I rarely trade BTC at margin, but I am still holding roughly 75% of my net worth as BTC and I have no plans to change that any time soon.
If we were to see a parabolic move above 20k, I would probably sell some at the first sign of a bearish weekly, but even so, we're talking maybe 1/4 of my BTC. I'm one of "those guys" who believes in 100k BTC.
If we were to see a parabolic move above 20k, I would probably sell some at the first sign of a bearish weekly, but even so, we're talking maybe 1/4 of my BTC. I'm one of "those guys" who believes in 100k BTC.
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Y'all like that touch?
I sold about 15% of my bitcoin. I'll be back in a month or two. Met a girl. Need a vacation. Good luck.
I sold about 15% of my bitcoin. I'll be back in a month or two. Met a girl. Need a vacation. Good luck.
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Also.. not everything is what it seems right now. There are still good people. The right people with your best interests at heart, very intelligent people, are working every day to prevent them from doing this to us. Just hold on a little longer. Nothing is set in stone.
I hope that you all are safe. I hope that your priorities are in order. We will get through this.
I hope that you all are safe. I hope that your priorities are in order. We will get through this.