Here we have the Ethereum perpetual contract over on the ByBit exchange on a 15 minute time peroid. This chart contains four gann fans arranged into a box configuration which created a octagram (Or what i like to call an octa-gann).
Fan Principle Currrently retesting the daily S/R Zone H4 Range
BTCUSD on its way to 2/1. Waiting for a cross of the 2/1 to give a Buy entry.
Gee, I don't know... what do you guys think? Looking to break up impenitently from this triangle on the 4H. Zone out the see the daily on the Gann. See how the price broke upon crossing the 2/1? expect a similar wave with minor waves within to playout. Target for this round - 1137 Longer term, next break out could be as late as may '19 I like GITFO for its...
After the big crash of the us oil price now we have a great buy long term opportunity. The price has reacted after touching the 4/1 Gann level and now i will expected an up trend for the next week-month. Similar situation on the weekly Gann analysis This point could be the historical bottom for the wti market.
Bitcoin price has found a support level on 8/1 Gann Fan. I think it will probably made a new up phase until 4050 $.
As i've said yesterday () the target i had expected for a bounce was 2450-2440. The price is arrived near to this level (2441.18). Tooday i think we can see an up price. In my opinion the target for the day is near to 2530. Based on tooday price movement we could undestand what the market will want to do in the next days.
Today opening will be relevant to understand which will the market reaction. In this moment my primary idea is: market want to continue his down phase. In this case i think we could see a small bounce near to 2450-2440. If the market had to arrive on this level we probably see a bounce. In case of this idea will be confermed, I will update the analysis as...
As we had Expected before the price reached to the 1258.061 level. Pattern seems to be completing the b-wave of a zigzag. we have possible support lines at the 1234.396 ( 38.2% Fib retracement) and 1226.908 ( 50% Fib Retracement) levels. If the movement of the trend is strong it will be quite possible for the price to reach to the 1226.908( 50% ) level. It is...
As you can see on the image the market now is testing the 1/2 Gann Fan. If the price had to broke this level the situation will become critical. The 2540 level is important because if the price will go down the main trend for this market change from bull to bear. In this case first target can be 2350 and i think i will go short. If the market reject this idea...
Fan lines are a very basic but very good indicator for identifying trend reversals. A breaking of the third fan line usually indicates trend reversal; if BTC can close above this line over the coming weeks, then outlook will be very bullish.
Area-indicator!
Hey tradomaniacas, it`s been a long time since I`ve published an idea for the cryptomarket because it seemed like Bitcoin`s biggest hobby is to destroy every TA-Idea we have in short-term. Now I`m getting concerned about the current situation that shows more and more weakness and could head to the long expected drop towards 3.000,-! Bitcoin likes to ride the...
Monero about to touch longer term support; expect it to bounce around 0.013 BTC -0.09% . Bullish divergence on the RSI as well as increasing volume agrees with this prediction. Price target is the outlined blue resistance line, corresponding to the third fan line. If it breaks this line, next target is the upper red resistance line. If it is rejected at the blue...
I wanted to see just how close we might be to my AI's 20,30k BTC predictions. It has been predicting a massive rally to the mid $20,000's for a month or so now so I figured I'd do a bit of charting for once. I decided to us Gann Fans since I know that BTC respects them quite well. I didn't realize just how true that was going to be zoomed out on the current BTCUSD...
Bull (High Probability): 1. Target for Minor 3 Wave of the Medium 1 Wave of the Major 2 Wave = ~500 USD --> Round number + 0.236 Fib of Minor Fib + Symmetrical Triangles --> Almost Oversold on RSI + Support at cloud + support of second triangle Bear (Low Probability): 1. Broke through the 3rd fan (minor). 2. Broke through the support of second triangle? - M.L.S.
A rough idea using the Fan Principle on the Daily NANOBTC market. The downtrend since 04 May has followed the first fan line down quite well, I would expect a move back up to test the second fan line with a break through that and then a draw back followed by a reversal of the overall downtrend.
Even that's true it has a lot of resistance, it has a good F.A too, so here you can see how it broke out the first downtrend resistance since it's ATH, now it has already touched 2nd resistance and is pivoting in the ascending trend line giving us a good Entry point. I used Gana Fan to stablished some resistance lines, and it is currently below the 2/1 level. RSI...