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$. We also have support...
A possible bearish move on BTCUSD using Gann Square. Target point 4600$ arround 4. of July :)
Alright, after a major break out from the Head and Shoulders pattern + Global Gann line ETHUSD has fallen quite good. Currently we are on a small pullback and the next question is were to do an entry for a short position. 1. Bearish Cypher pattern seems to be fullfilled right now. 2. TP1 (0,328 fib) is about to be finished. 3. The volume is falling while the...
Short Term on EOS: Major break out on both ETH and BTC at the moment, same with EOS. High Risk! Make sure you use Stop Loss on this one!
A simple Cup and Handle example which didn't go well, at least it seems like to be now. The descending volume also concludes this.
This is just an update on my last ETHUSD idea. It is still active even though the descending trend line and the RSI trendline is broken on the 4h chart: - The Triangular Pattern: Point 4. is completed. - The Head and Shoulder Pattern (SHS) is still active. A bigger fraction of the left shoulder has been used instead. - The Volume within the SHS Pattern is...
The Reversed Gann Square makes a local Head and Shoulder Pattern currently. I think it will either: - Break out downward hitting the bottom line from the global Triangle Pattern and maybe even going further down along the Gann line. If so it will go down to the next Arc. - Bounce of and increase quickly and further go up to the next Gann Line and/or the Arc...
ETH moved quicker than expected since my last post. It might be too early to confirm this but I think we're in a turning point right now. There are several reason to this: - Resistance from the Trend Line. - 0,5 Fibonacci level - Head & Shoulder Pattern - RSI Trend line I'm thinking it will do some sideway moves before it will contiue on the descending...
I've been watching ETH in a while now, and I think the descending process has started - Right now on the local 1. wave and probably turning up to the local 2. wave as we speak. To confirm the last one I've added a global FIB circle and trying to make it match the pivot points (At least five pivot points in this case). This gives us a resistance circle (0,5 fib)...
By using ATL as a starting point and then dragging the fib circles till it hits the pivot points (at least three pivot points) you will get this scenario. After that I've added a bullish and a bearish fraction.
By using Gann square from All time low you will get this interesting pattern. Maybe it will go down to the arc C if it roll over?
Alright, so I just did the same thing on Lumen as I did with EOS yesterday: Gann Square against each others. This gives us a very bullish scenario. Why so bullish? Because it is so strong at the moment unlike other coins. Let's see what happens! :)
I think XRPUSD will rise again the next days, and I have been trying to find out when it will happen. The chart shows how Gann Square might give us a clue. Log scale have been used to make it fit in the radius.
I might be wrong about this, but I think ETHUSD will turn around either today or tomorrow: The crossing point between Gann Fan, The inner arc, Fib level 0.618 gives us exactly the same. Those same theories might also give us a clue where the 5.wave will appear...
After some sideways moves it looks like the 4. wave have been moved to the crossing point between the 0,618 level, Gann fan and the inner arc. If so the 4.wave will happen 24/4. As we see the local fibonacci gives us som testing along this path, where the global levels 0,382 and 0,5 are confirming this quite good. An alternative 4. wave is the next arc in the...
It's time to short XRPUSD according to the Gann Square and the 0.618 level. I have rejusted the Gann Square a bit since last time to find out where the next target will be. It's a bit unclear but it seems like it will hit the 5. wave middle of July.
I just added a little more on the idea two days ago: A Gann square reversed which gives the wave 2 and 4. Both Gann squares are ending up in a support line confirmed by an earlier pivot point, a global Fib and a trend line.