RACEACEACE BTCUSD POTENTIAL BOUNCE WARNING 7100-7050 to 7600
The price is / already has crossed below the red 2/1 on lower t.f's and is BEARISH on lower t.f's. On higher T.F's it is approaching this red 2/1.
I am now at my computer so I have had a chance to make my Gann Fan precise.
HERE IS THE WARNING:
Once the price reaches near the 7100-7050 range, which is the 3hr red 2/1 Gann fan line, it can put in a nasty bounce up to 7600's, which is where the blue 1/1 is currently situated.
This does not mean to enter a long trade. This means around 7100-7050, traders should seek confluence to either 1. exit short trade or 2. to short higher.
On November 27, 09:00 UTC (LABEL "1.0") the price exhibited such a behavior of a nasty bounce from the red 2/1. The current Red 2/1 zone is labeled as "2.0?"
It is my personal rule to never enter a long trade below the blue 1/1 - but you can do what you want with your money.
Failure to put in a bounce in the 7100-7050 range up to 7600 = enjoy the short scalps.
1. Lower T.F:
2. SUPER LARGE T.F FRACTAL PLAY:
Here is a recap of my super large t.f fractal play:
It is likely that BTC will follow a fractal that I have obtained through use of my unique S/R system. I believe it is likely for BTC to go down to the 6k region, perhaps a double bottom , but more likely a higher low, and then continue upwards to the 9000-9900's. A higher low in the 6k's before a move up to 9k's would be bearish in my opinion.
Why?
Whenever the price falls below the Blue 1/1 of the Gann Fan from the pivot low, it is less bullish . Once it is below the red 2/1 of the Gann Fan , longs are extremely risky.
If the price were to make a higher low in the 6k's, it would be below the blue 1/1 of the current pivot low at 6524ish.
Here is a recap of my previous idea:
"I use a lot of numerology in my technical analysis . I use a unique S/R system, which leads me to believe BTC will dip back down to the 6k region before a potential move up to 9k. If you look at the chart in which I have included the fractal moving up to 9K, compare it to the pattern from May 2018 which I have circled on the left. Ignore the price, but pay attention to the S/R levels crossed. This fractal is currently playing out on the lower TF." + I BELIEVE THAT ALL PRICE ACTION IN THE HISTORY OF BTC THAT IS ABOVE 10500 IS JUST NOISE AND SHOULD BE IGNORED!!!!!!!!!!!!!!!!!
INVALIDATION:
PLEASE NOTE: RESISTANCE ESTABLISHED AT 6500 WOULD INVALIDATE THIS SUPER LARGE T.F FRACTAL PLAY
3. SUMMARY:
Right now: Only lower t.f short scalps (in and out) BUT at around 7100-7050 be CAREFUL and evaluate the situation. A massive pump is possible at that level - do not get rekt.
Until the price makes a lower pivot low and establishes resistance at 6500, we cannot go COMPLETE BEAR MODE.
I am now at my computer so I have had a chance to make my Gann Fan precise.
HERE IS THE WARNING:
Once the price reaches near the 7100-7050 range, which is the 3hr red 2/1 Gann fan line, it can put in a nasty bounce up to 7600's, which is where the blue 1/1 is currently situated.
This does not mean to enter a long trade. This means around 7100-7050, traders should seek confluence to either 1. exit short trade or 2. to short higher.
On November 27, 09:00 UTC (LABEL "1.0") the price exhibited such a behavior of a nasty bounce from the red 2/1. The current Red 2/1 zone is labeled as "2.0?"
It is my personal rule to never enter a long trade below the blue 1/1 - but you can do what you want with your money.
Failure to put in a bounce in the 7100-7050 range up to 7600 = enjoy the short scalps.
1. Lower T.F:
2. SUPER LARGE T.F FRACTAL PLAY:
Here is a recap of my super large t.f fractal play:
It is likely that BTC will follow a fractal that I have obtained through use of my unique S/R system. I believe it is likely for BTC to go down to the 6k region, perhaps a double bottom , but more likely a higher low, and then continue upwards to the 9000-9900's. A higher low in the 6k's before a move up to 9k's would be bearish in my opinion.
Why?
Whenever the price falls below the Blue 1/1 of the Gann Fan from the pivot low, it is less bullish . Once it is below the red 2/1 of the Gann Fan , longs are extremely risky.
If the price were to make a higher low in the 6k's, it would be below the blue 1/1 of the current pivot low at 6524ish.
Here is a recap of my previous idea:
"I use a lot of numerology in my technical analysis . I use a unique S/R system, which leads me to believe BTC will dip back down to the 6k region before a potential move up to 9k. If you look at the chart in which I have included the fractal moving up to 9K, compare it to the pattern from May 2018 which I have circled on the left. Ignore the price, but pay attention to the S/R levels crossed. This fractal is currently playing out on the lower TF." + I BELIEVE THAT ALL PRICE ACTION IN THE HISTORY OF BTC THAT IS ABOVE 10500 IS JUST NOISE AND SHOULD BE IGNORED!!!!!!!!!!!!!!!!!
INVALIDATION:
PLEASE NOTE: RESISTANCE ESTABLISHED AT 6500 WOULD INVALIDATE THIS SUPER LARGE T.F FRACTAL PLAY
3. SUMMARY:
Right now: Only lower t.f short scalps (in and out) BUT at around 7100-7050 be CAREFUL and evaluate the situation. A massive pump is possible at that level - do not get rekt.
Until the price makes a lower pivot low and establishes resistance at 6500, we cannot go COMPLETE BEAR MODE.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.