Ethereum Rocket !
Updated
Traders,
Here we have ETHUSD 4H Chart.
A perfect example about Gann's method, so let's know more about Gann's way to trade.
History, has some uncomfortable but exciting things to say about predicting market movements.
He said,
"TIME is the most important factor in determining market movements and by studying the past records of the averages or individual stocks you will be able to prove for yourself that history does repeat and that by knowing the past you can tell the future.There is a definite relation between TIME and PRICE.
Now, by a study of the TIME PERIODS and TIME CYCLES you will learn why tops and bottoms are found at certain times and why Resistance Levels are so strong at certain times and bottoms and tops hold around them."
Gann also said,
"Mathematical science, which is the only real science that the entire civilized world has agreed upon, furnishes unmistakable proof of history repeating itself and shows that the cycle theory, or harmonic analysis, is the only thing that we can rely upon to ascertain the future."
"Every movement in the market is the result of a natural law and of a Cause which exists long before the Effect takes place and can be determined years in advance. The future is but a repetition of the past."
These were pretty bold statements for Gann in his day and time. He had no access to computers of any kind - no calculators within reach. And yet, after years of study and hand calculations, he was able to uncover an order and rhythm of market behavior patterns - clearly enough to trade profitably nearly 9 times out of ten.
If you flash forward some 60 years, we discover Welles Wilder, the creator of the RSI indicator, the ATR indicator, among many other fundamental technical indicators that millions of traders around the world use today. A trading and technical analysis giant - like Gann .
When presenting his experiences with something later referred to as "the Market Delta', Wilder opens his statements this way:
"Those who know me well know that I am not given to vain statements or careless exaggerations. What you are about to read is true ... every word of it."
what are the chances that One could know in advance that T- Bonds would make the highs and lows (in high/low rotation) as shown on the chart? The answer is one chance in 322 billion! To be exact, 1 in 332,687,692,541 that the turning points on the chart could have been known before they happened. "
"...For all twenty-five commodities , which include over 200 years of observing the Delta phenomenon, the average accuracy for all Intermediate-term points is as follows:
51 % of the time the projected Delta turning points will occur within two days of the projected day.
68% of the time the projected Delta turning point will occur within three days of the projected day.
81% of the time the projected Delta turning point will occur within four days of the projected day...."
I want you to keep one thing in mind - both of these men accomplished these findings without the aid of a modern day - personal trading computer.
some of you will say to not confuse stocks with crypto but we had an example for this method before that I had published a few days ago here below about Xrp
At the end this pair is a live example on any time frame maybe we see that happening after few weeks
so we will have resistances at 500$ first then 750$ and finally 850$ and then retesting the lowest support of 500$ again that's a humble vision of mine at the end guys.
Regards,
Mohsen
Here we have ETHUSD 4H Chart.
A perfect example about Gann's method, so let's know more about Gann's way to trade.
History, has some uncomfortable but exciting things to say about predicting market movements.
He said,
"TIME is the most important factor in determining market movements and by studying the past records of the averages or individual stocks you will be able to prove for yourself that history does repeat and that by knowing the past you can tell the future.There is a definite relation between TIME and PRICE.
Now, by a study of the TIME PERIODS and TIME CYCLES you will learn why tops and bottoms are found at certain times and why Resistance Levels are so strong at certain times and bottoms and tops hold around them."
Gann also said,
"Mathematical science, which is the only real science that the entire civilized world has agreed upon, furnishes unmistakable proof of history repeating itself and shows that the cycle theory, or harmonic analysis, is the only thing that we can rely upon to ascertain the future."
"Every movement in the market is the result of a natural law and of a Cause which exists long before the Effect takes place and can be determined years in advance. The future is but a repetition of the past."
These were pretty bold statements for Gann in his day and time. He had no access to computers of any kind - no calculators within reach. And yet, after years of study and hand calculations, he was able to uncover an order and rhythm of market behavior patterns - clearly enough to trade profitably nearly 9 times out of ten.
If you flash forward some 60 years, we discover Welles Wilder, the creator of the RSI indicator, the ATR indicator, among many other fundamental technical indicators that millions of traders around the world use today. A trading and technical analysis giant - like Gann .
When presenting his experiences with something later referred to as "the Market Delta', Wilder opens his statements this way:
"Those who know me well know that I am not given to vain statements or careless exaggerations. What you are about to read is true ... every word of it."
what are the chances that One could know in advance that T- Bonds would make the highs and lows (in high/low rotation) as shown on the chart? The answer is one chance in 322 billion! To be exact, 1 in 332,687,692,541 that the turning points on the chart could have been known before they happened. "
"...For all twenty-five commodities , which include over 200 years of observing the Delta phenomenon, the average accuracy for all Intermediate-term points is as follows:
51 % of the time the projected Delta turning points will occur within two days of the projected day.
68% of the time the projected Delta turning point will occur within three days of the projected day.
81% of the time the projected Delta turning point will occur within four days of the projected day...."
I want you to keep one thing in mind - both of these men accomplished these findings without the aid of a modern day - personal trading computer.
some of you will say to not confuse stocks with crypto but we had an example for this method before that I had published a few days ago here below about Xrp
At the end this pair is a live example on any time frame maybe we see that happening after few weeks
so we will have resistances at 500$ first then 750$ and finally 850$ and then retesting the lowest support of 500$ again that's a humble vision of mine at the end guys.
Regards,
Mohsen
Note
Trade active
Testing 500$ Resist and then retest the 400$ region again perfect moves here we have enjoy trading and capital management here.Regards,
Mohsen
Trade active
Trade active
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Update !
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Trade closed manually
Market analysis, scalping calls, Binance Alts signals and real time news & Sentiment on:
Telegram: t.me/MO_Trading
Twitter: twitter.com/MoTradr
Telegram: t.me/MO_Trading
Twitter: twitter.com/MoTradr
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