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BTC 6 MONTH OUTLOOK- PRE BULL MARKETThis is a composite of quite a few systems, but the screen here has been reduced for ease of reading. The economic sentiment right now is not favorable so a pullback of BTC is very likely. This is not signaling a weakness in crypto, but just the overall uncertainty in investors in ANY market. Look for the BTC pullback end of March early April. Securities and Banking are seeing difficult times. The safest market may be Crypto (ie Bitcoin). It doesn't mean Bitcoin won't have it struggles (It will), but its promise is to safeguard those who hold it from the ever present uncertainty of the BANKING sector which is a whole different topic. On this chart you will find secondary support/resistance lines here (dashed blue lines). Hard resistance and supports (sold blue lines). The yellow line is a projection that I am seeing for BTC over the next 6-8 months. I do think once we exist the Gann Box that we will be in a full blown BTC Bull market. For now some intermediate tops and bottoms will be seen. Not in a bull market yet, but soon so stack up! I am! Buy Low- Sell High Any questions/ comments leave them below. I warrant that the information created and published, doesn't constitute investment advice, and isn't created solely for qualified investors.
BITSTAMP:BTCUSD
by Moorsc0de
6
Sacred Trading In light of the recent Mercury retrograde cycle, we have observed significant market movements that align with key zones, suggesting potential reversal points. Let me clarify: while I acknowledge the historical correlations between planetary movements and events, I do not base my trading decisions on astrology, nor do I consider myself an astrologer. This analysis is simply a brief exploration of astrotrading over a two-day period, aimed at sharing my observations and experiences. Over the weekend, I studied various planetary constellations and noted that certain alignments seem to influence market reversals. The key constellations are: Sextiles (60°): Often indicate three peak patterns. Trines (120°): Suggest rectangular trendline patterns, typically flatter than 45°. Conjunctions (0°): May signal immediate reversals depending on the planets involved. Squares (90°): Typically align with 45° angle trendlines within a square. Oppositions (180°): Indicate the start of new planetary cycles. The most significant planetary influences include: Full Moon and New Moon phases Mercury transits and conjunctions Venus/Moon angles Mars/Moon alignments, which can cause market volatility, irritability (notably in the current cycle) Occasionally, Saturn, Jupiter, and Uranus can also have a reversing influence. This exploration is a homage to Mercury, the messenger of god, and an attempt to share insights with you guys.
OANDA:SPX500USD
by Heaven10
Complete analysis of TON💎Hello dear friends, I hope you're all doing well. As you can see on the chart, after nearly two years of sideways movement, TON has broken resistance, experienced a pullback, and grown by 70%. Now, where might TON's growth go from here? Given the highly professional team and the billion users of Telegram, the mid-term target for this coin is likely $20. What's the reason behind this? There's a pattern in the market that has repeated in some well-known coins. 1. Matic: Almost two years of sideways movement and a 47,000% adventure. After breaking the resistance and pullback, it hit the $2.7 target in 109 days. 2. CHZ: Sideways for 17 months and a 25,000% movement. After breaking the resistance and pullback, it hit the 87-cent target in 56 days. In my opinion, TON has built such a strong ecosystem that its own significant movement will begin sooner or later. For example, the creation of the NOTCOIN project has introduced millions of people to TON's capabilities, and sooner or later, it will be listed on exchanges as Telegram's meme coin. Time analysis: The first significant timeframe is from April 15th to April 29th. We are likely to witness the listing of NOTCOIN on exchanges during this period. The second significant timeframe is from September 12th to September 24th. This period may involve potential downturns. The only reason that can stop a 25,000% wave is the high number of tokens (5 billion). I'd be happy to share your opinion with me. Your likes, follows, and comments give me energy.
by Sadegh_Sh
3
Here is intraday swing forecast for GOLD, heading towards 2300As we expected in 2023, we know any limited supply commodities will lead to an All Time High caused by FEDs monetary policy When we combine with Gann Method on how he predict everything, we know it will really happens for sure. Now we can see that GOLD and BTC will reach All Time High as soon as possible Watch the time and date we have mentioned in the analysis, time will control as swing reversal while price will control market behavior. While yellow line in Gann Fan act as fair value slope, so price will be back on that yellow line before it change its direction
FXOPEN:XAUUSDLong
by Chartwatcher1996
Gold could make 1948 as its peak. Buy in the dip!Hi, everyone! Long time no see.. as i expected there's no severe recession ahead until 2026, just a few banks and tech startup companies collapsed but not causing a crazy global economic fraud like in 2008... this time is much more like 1999-2003 dotcom bubble, yes economic activity might be a little bit struggling, but not as insane as 1929 or 2008 I think gold could make its third top (2072) or double top (1948) before its going down to 1000s. According to my Gann Angle and Gann Level - Fibonacci Combo, at least gold will reach 1948 in just a few days. Best advice i could give to you was BUY IN THE DIP! Gold still pretty strong because it is still running at average of 2x1 angle or 200pips/daily bar. Trend changes will only occur when it reaches horizontal SnR (fibo was the most accurate, so far..) and 1x1 angle or 100pips/daily bar (the yellow diagonal line) I did a color coding on the gann angle to make a fast recognition, strong angle as light green to dark green -- mid level as yellow -- weak level as light red to dark red Also on the fib/gann level combo, i color coded 61.8 and 38.2 with yellow as an important level that mostly cause a reversal So, lets break it down.. 17/21 March 2023 (Most Important) - I expect the first 1948 top will happen at this day before the news release 22 March 2023 (Most Important) - A 5 days down after the fed's hiking their dollar interest rates, i expect a bearish bias bottoming at 1893 or 1909 or 1917. But sometimes people getting greedy and this could inverted. 27 March 2023 (Important) - I expect Gold has reach 1948.2 level -- but since its weekly stochastic didn't crossover yet, i expect a continuation with a slight reaccumulation at around that area. But because fed rate hikes, i don't know what's gonna happen next 28 March 2023 - Some 2 days of bullish continuation That's my current expectation for future weeks ahead, i don't give any responsibility in terms of capital loss or etc cuz i could be wrong Trade safety, and Cheers! H. Haidar
OANDA:XAUUSDLong
by Chartwatcher1996
Mastering Gold Trading: Precise Timing Introduction: Welcome to a groundbreaking trading opportunity that could revolutionize the way you approach gold trading. In this comprehensive analysis, we're about to delve into the world of W.D. Gann methods and advanced mathematical techniques to unveil timing pivot predictions that offer exceptional insights into the gold market's major reversals. By meticulously analyzing the 15-minute timeframe, we've decoded key patterns to help you anticipate market movements and position yourself for potentially lucrative trades. Understanding the Method: At the heart of this analysis lies the revered W.D. Gann methods, a cornerstone of technical analysis, and their symbiotic relationship with advanced mathematics. These methods, which combine price and time analysis, provide us with a unique lens through which to perceive the gold market's hidden rhythms. By scrutinizing historical price data and aligning it with mathematical principles, we've uncovered crucial pivot points that have historically indicated significant market shifts. The Power of Timing Pivot Predictions: Imagine knowing exactly when the market is poised to make a major reversal. With our timing pivot predictions, you'll gain the edge you need to plan your trades effectively. These predictions identify specific timeframes when market sentiment and price momentum are likely to undergo substantial transformations. Whether you're a seasoned trader or a newcomer, having this advantage can drastically enhance your trading strategy. How to Utilize the Predictions: Our comprehensive analysis is all about translating insights into actionable strategies. We provide clear entry and exit points for your trades, taking the guesswork out of your decision-making process. Our carefully calculated predictions highlight the moments to consider opening a position and, equally importantly, when to close it. By aligning your trades with these timing pivot predictions, you position yourself strategically to potentially maximize profits while minimizing risks. Trade Idea in Motion: Let's put theory into practice with a recent real-world example. Based on our analysis, we've identified a compelling trade ideas for the upcoming week. We anticipate major reversals to occur around within the 15-minute timeframe. This are opportunities to consider entering a long/short positions, targeting massive ROI profit margins. Our predictive analysis indicates that the reversal's momentum could extend, making this an excellent chance to ride the market wave. Risk Management and Beyond: No trading strategy is complete without robust risk management. We'll guide you through optimal stop-loss placement to safeguard your capital in case the market behaves unexpectedly. Furthermore, we'll explore potential trade extensions, helping you recognize when to stay in a position for the potential of greater rewards. Conclusion: Get ready to elevate your trading game with our precise timing pivot predictions based on W.D. Gann methods and mathematical insights. By understanding the historical patterns and aligning them with mathematical principles, we're offering you a chance to anticipate major reversals like never before. Embrace the power of informed trading decisions, guided by our carefully curated entry and exit points. As you embark on this trading journey armed with cutting-edge analysis, remember that success favors those who dare to take calculated steps into the future of trading. Disclaimer: Trading involves inherent risks, and while our analysis provides valuable insights, it doesn't guarantee success. Always exercise caution and conduct thorough research before making trading decisions.
CAPITALCOM:GOLD
by Anonymous_Analyst
SPY Update (weekly chart)Quite a bull run, last week we hit the Point & figure (P&F) target of 443 set long ago. The current run appears over-extended, being at the top of the channel set from the October 2022 low to present. Also, the RSI(9) on daily and RSI(12) on weekly (neither shown here) are overbought. The B to C run at 1.68 % extension also is showing some excess over the theoretical Gartley 1.618 move. Also, SOX and SMH are showing some signs of rolling over. After touching the 443 P&F target, the week fell back and closed out at 439.46, below the APEX of the volume profile (red arrow on the right). Potential resistance. I am liking the prospects of a pullback next week from C to D to 412.26, or around the 50% retrace line (drawn from 2022 high to low) at 414.04. That would be about 6% pullback. Of course, the bull run could continue next week, at which point I would expect an intermediate top out at 454.05, or prior swing high. Given paragraphs 2 and 3 above, I don't expect this next week. Are we in a new bull market? We are getting there, but I remain cautious.
AMEX:SPY
by UnknownUnicorn13101
2
$EGX:ESRS EGX:ESRS The uptrend started from the bottom of last October at a price of 13.02, then hit the 90-degree angle at a price of 17.63. The stock then rebounded from the 45-degree sub-angle and resumed its rise. The 90-degree angle was broken, making it the best buying area. The target of the uptrend cycle was 31.45, which is the 360-degree angle that the stock achieved and rebounded from. Then it resumed its rise to enter a new uptrend cycle, whose first targets were the 450-degree angle that the stock achieved early on. It continued its early rise to achieve two new targets, which are the 540 and 630 angles continuously. All this early rise supports the stock’s decline downwards, which happened, then the stock resumed its rise to complete its cycle. The stock broke the 450-degree angle at a price of 36.06 upwards, which is the best buying area when broken. The rest of the targets and supports are shown in the drawing. The success of this pattern depends on the stock staying within the channel and not breaking the angle downwards and achieving its targets on time. The information and publications are not intended to be or constitute any financial, investment, commercial or other types of advice or recommendations provided.
EGX:ESRSLong
by xxehab5xx
What Is a Gann Fan Indicator?Alongside other titans of the industry, like Dow, Wyckoff, and Elliott, Gann is considered one of the most influential figures in trading. After he developed the Gann indicators, traders picked up his teachings worldwide. In this FXOpen article, we’ll dive into two of the most popular Gann indicators, Gann angles and Gann fans, and look at how they work, investigate their uses, and explore their limitations. Introduction to W.D. Gann William Delbert Gann, known as W.D. Gann, was a legendary trader and market technician born in 1878. He began his career on Wall Street in the early 1900s and quickly began developing a technique for predicting market movements. Gann's theory was rooted in his belief that the market followed specific geometric patterns and that time and price had a special relationship. Throughout his career, Gann developed various innovative tools for technical analysis, including Gann angles and Gann fans. These tools, known as Gann indicators, still have a valuable use in the markets today. Gann Angles Gann angles, as the name suggests, use a sloping line to help traders predict future price movements. These angles represent the rate of change between time and price. The primary 45-degree Gann angle is the 1x1 line, where the market moves one unit of price for every unit of time. Similarly, angles like the 2x1 line, where the price moves two units for every single time unit, will result in a line flatter than 45 degrees. A 1x2 line will see the price moving one unit for every two units of time. Other angles are 1x8, 1x4, 1x3, and 1x2, while the angles less than 45 degrees are 2x1, 3x1, 4x1, and 8x1. These Gann angles are primarily used to predict future support and resistance levels, plotted by the Gann fan indicator. When the price moves in the direction of the 1x1 angle, Gann believed that this indicates a strong trend with balanced supply and demand forces. Sustained moves above the 1x1 line show a bullish trend, while moves below are considered bearish. The Gann Fan Indicator Gann fans offer an easy way for traders to plot these angles. The fans consist of nine diagonal lines that use the price-time relationships described earlier, as seen in the diagram. This offers a broad perspective on where the price may end up and helps to forecast potential support and resistance levels. To construct a Gann fan, traders start by identifying a significant swing high or low point in the market. From this point, they draw a 45-degree, or 1x1 line, to represent the most critical angle. The Gann fan is then plotted along the angle, creating nine lines. As prices approach or move away from these lines, we can begin to predict market reversals and trend continuations. How to Use the Gann Fan Let’s take a look at how to use Gann indicators, specifically the Gann fan. Traders generally develop a Gann fan strategy using three primary methods: identifying support/resistance levels, timing entry and exit points, and gauging a trend's strength. Support/Resistance Levels Gann angles within the Gann fan often behave similarly to trendlines, revealing areas where the price may stall or reverse direction. These angles help traders identify crucial support and resistance levels, which may inform their decisions on future price movements. Looking at the example above, we can see that the 2x1 line offered significant resistance, even as the trend progressed bullishly. Meanwhile, the 3x1 line provided strong support, allowing us to anticipate that these two angles would hold whenever the price visited them. Timing Entry and Exit Points Consequently, Gann fans can help traders time their entry and exit points. As the price approaches a Gann angle, traders may anticipate that the market may reverse in this area. They could then look for confirmation with other technical analysis tools, like candlestick patterns or momentum indicators, before entering to catch the reversal or closing their existing position. As with each of the Gann charts shown in this article, these angles aren’t guaranteed to hold. This might help traders identify opportunities where prices will likely continue trending. The choppy area marked by the box in the diagram above could have shown us that the price wasn’t ready to reverse up, given that it closed below the 3x1 line several times. Gann theorised that once the price had broken through one angle, it would likely head to the next. As a result, we could have predicted that momentum was likely to continue to the 4x1 line and enter a position to catch the move. Alternatively, if traders had entered a trade on the reversal at the 2x1 line, denoted by the dashed line, they could take partial profits at both the 3x1 and 4x1 lines. Gauging a Trend’s Strength As mentioned earlier, the 45-degree 1x1 line can also show us the strength of a trend. In the chart above, we can see that significant bearishness entered the market on the left-hand side. This was confirmed by the fact that the price was sitting beneath the 1x1 line, indicating that the strong bearishness was likely to continue. Using this knowledge, traders could have predicted that the sharp move downward would carry on. As the price began to cross over the 1x1 line, the trend’s strength weakened. Traders could then start to anticipate that the price might begin to range or recover slightly, as it did in the chart. In this sense, traders don’t even necessarily need to use the Gann fan. By drawing a 45-degree angle from a key swing point, they can use the line as a Gann trend indicator and expect that price will follow the trend's direction as long as it remains above (if bullish) or below (if bearish) the 1x1 line. Limitations of Gann Indicators While Gann angles and fans may provide valuable insights into the market’s behaviour, there are some limitations that traders need to be aware of. The biggest issue is subjectivity. Different traders identify different swing points; some may prefer the last swing point, while others use the most extreme. This might lead to differing results and interpretations. There’s also the issue of subjective scaling. While a 45-degree angle seems simple enough to apply, the angle depends on the zoom and price-to-bar ratio of a trader’s chart. As a trader zooms in and out, the line will stay at the same angle, but its position on the chart will change. This can be mitigated by locking the price-to-bar ratio of the chart, but this a) makes zooming in and out of price action cumbersome and b) still doesn’t offer a “true” 45-degree angle that can be universally agreed upon. To see this for yourself, try using the Trend Angle tool under Trend Line Tools in TickTrader. Then, apply it to a swing point, and zoom in and out. You’ll notice that its position can vary wildly depending on your zoom level. Besides locking the price-to-bar ratio, traders can try to correlate the 1x1 line with an area in which the price reversed, then plot the Gann fan over it. This may help to bring some uniformity to the process. Your Next Step In summary, Gann indicators, particularly Gann angles and Gann fans, may help us predict future price movements with a high degree of accuracy. However, their subjective nature can make them tricky to apply consistently, and they are better suited to more experienced traders. Once you’ve mastered the Gann indicators, you can open an FXOpen account. We offer a wide range of markets, competitive spreads, and an ECN-based order routing system, so you can trade using Gann indicators and other advanced trading techniques. Good luck! This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Education
by FXOpen
1
SMH Weekly Update (post split)I'm updating my prior SMH weekly chart, since we had a 2 for 1 split in SMH last week and it totally messed my chart up. Key points (dates are all weekly): 3/27: 131.79 (most recent peak) 4/24: 118.57 ( most recent low) -10.03% off the peak 5/1 close: 124.38 -5.6% off the peak Gann confluence line 1: 121.71 -7.6% off peak Gann confluence line 2: 114.46 -13.1% off peak The green trend lines indicate an apex forming right along the Gann rays (salmon colored lines) suggesting a directional resolution is near. After extending to the purple point D, which is almost a 1.218 Gartley extension, support appears to be holding at the 121.71 Gann Confluence support line. This line is also the top ridge of the Ichimoku cloud which can also serve as support. Should SMH rise off this support, then we would have had a 7.6% correction off the most recent high. Should current support break down, we would see a target of Gann support 2 which is 114.46, or 13.1% off most recent peak. Pros for upside breakout: A possible rate cut currently being predicted by SOFR futures as early as June or July. Banking turmoil could also call for a pause or cut. A reduction in rates would also signal easier monetary conditions which would benefit growth oriented stocks for a near term spike. Pros for a breakdown: Further hawkishness in the FED, combined with Bank Solvency fears. Seasonality: from 2004 to 2023 the SMH has finished the month of June higher only 42% of the time, the worst month in the year. Observation: The 12 month RSI, while positive at 57.16, is declining from a near term double top, and showing some weakness in trend. I would watch for continuing weakness in SMH momentum on the daily chart, as well as the breadth inside the SMH holdings. You can do this with flipcharts on the Barchart.com site. Presently, while I see a few stalwarts, I am also seeing a lot of breakdowns inside the SMH ETF. For example, MCHP, a very well run company with solid financials, just reported good earnings beats, yet it sank below its 200 day MA and has a weak daily RSI(9) of 42.11. Personally, I would not long any semiconductors until late summer and signs of turmoil have resolved.
NASDAQ:SMH
by UnknownUnicorn13101
How To : Using Gann 90 Degree Angles For Future TrendsAnyone can use Gann’s theory in any market. All you need to do is wait until the top and bottom values start to appear on the charts. As soon as these trends change, you will be able to draw an angle, which is the geometric or Gann’s angle. The market is assumed to be strong when the value of the currency pair is above the ascending angle and the trend in the market is up. Similarly, the market is weak when the currency pair price goes below the descending angle and the trend for the same is also down.
INDEX:BTCUSD
by EsotericTrading
2
AMZN Weekly -- Here's one for Bottom Fishers.AMZN just crossed above 50 day EMA, and also has shown A 21/50 day triple exponential moving average crossover, a positive indicator. We have a strong support zone which goes back to 2018 - 2019, which is also the last time the FED hiked rates and then eased off the brakes. Point D is a 61.8 percent retrace, and around 155 - 156 (also a Gann zone). That is around 50-60 percent appreciation, but don't bother with this unless you plan to hold for a long time -- point D may not happen until some time in 2024. I don't normally jump on an equity that sits below the cloud and also below its 52 week EMA, but I feel this is pretty much a no brainer long hold.
NASDAQ:AMZNLong
by UnknownUnicorn13101
SPY Update (Weekly) Notes on SPY (weekly): Positive: The weekly posted the second green volume candle, and an inverted hammer, which at the near immediate bottom on 3/13 is not necessarily a reversal signal (most likely continuation upward). Last week tested the Gann confluence point at 390.38 and was rejected (bounced upwards). It never reached the projected point D on longer term Gartley ABCD (black). Shorter term Gartley ABCD (green) the target D is 402.86, another Gann line. This target is a .618 retracement from 1/30 high (Green point B) to 3/13 low (green point C) and should occur on Thursday 4/6/23, which is release date for April 1 Initial jobless claims. Negative: The weekly sits below the 52 week EMA, which serves as resistance. The twelve week RSI sits at 49.93, which could turn down off the critical 50 resistance point. Internals are also negative with NYSI McClellan summation index red and highs minus lows on NYSE and Nasdaq both in the red. Risk appetite is off, as Junk bonds to Treasuries is at an outlying low, although at an extreme which could signal potential reversal. Conclusion: Essentially we have had sideways action ranging from the weekly doji on 12/19/22 to present, a span of roughly 382 to 412, and pretty much in the red Ichimoku cloud, which continues to serve as resistance. However, we are well above the downward regression channel set from 1/2022 High to 10/2022 low, and in my opinion it would take a "swan" event to reclaim that trajectory. I have a preliminary year end upside target of 412.67 for SPY, which would be 7.4% for the year off the 384.37 January 3 2023 open. The performance of the SPY for the month of January this year was +5.3 %, for a 1/31/23 close of 404.93. I anticipate another selloff in April or May, and then a doldrum summer followed by some upward thrust in the fall/winter. My year end target is a "best case" scenario -- it is possible we could have a "DOJI" Year or a "spinning candle", or a worse case negative year should the Swan flap its wings. The last tight "spinning candle" years for SPY were: 2007, 142.25-146.21 (+2.8%), 2011, 126.71-125.5 (-.95%), 2015, 206.38-203.87 (-1.2%), 2018, 267.84-249.92 (-6.6%) Should we replicate 2018, another period of FED tightening and subsequent easing, we could have a -6.6% fallback to 359. (357.25 is another Gann support line drawn from March 2020 low to January 2022 high). So there's my range for 2023: -6.6% to +7.4% from the 1/3/2023 opening. Take the mid point of that range and you get 385.84 -- near the bottom of the red Ichimoku cloud -- +0.38% for a near perfect DOJI. Swans invalidate this entire scenario.
AMEX:SPY
by UnknownUnicorn13101