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Gann Box

BTCUSD: Daily Chart BreakdownI am getting a feeling that there could be a 5-0 correctional harmonic formation in its maturity phase, currently. It can also be viewed as an inverse head and shoulders pattern. The highlighted harmonic pattern is the 5-0 pattern with the X being the 1. TV doesn't have a tool for 5-0 patterns, so the Cypher tool is used which lacks one leg. The highlighted projection of price is regarded as a rough estimation of this pattern's completion. The pattern is usually seen during a post correctional phase, where there was a rather hard sell-off (a strong upthrust in a bearish version), which was followed by a V type recovery. When this V type recovery is being corrected as much as 38.20%-50.00%, that's where you anticipate entering into short risk exposure.
BITSTAMP:BTCUSD
by Zoen_Trieste
7
Market Forecasting with Gann Boxes, BTC. Bishko published an interesting BTC chart showing the use of Gann Fans yesterday. I rarely see Gann's work being showcased on TV, so to continue the same vein, here is something to play with for those who want to diver deeper into market harmonics. This chart uses essentially the same starting point as Bishko's chart, only using a 1-day chart, rather than a 3-day chart. However, here I am showing the use of Gann Squares / Gann Boxes, as opposed to Gann angles. I won't explain in detail how this works, as I believe in doing to work when it comes to discovering market secrets. What I will say is that this box is formed fully off the price high 13868. Both the price and the time dimensions are formed from the high. That's a BIG clue on how to form a correct Gann box. In fact, the ONLY piece of information you would need to draw this chart on the exact day of the high would be that price of 13868. The price high will give you the future major support and resistance levels. See the 0.25 / 0.382 / 0.5 / 0.618 levels on the chart. Those price supports would have been known months in advance. But you'll see the Gann box doesn't extend through to the 0.618 level that was hit in March 2020. Why is that? Because the time cycle aspect of the initial price high reached its completion in mid-February 2020. And what happened when that time cycle returned full cycle? Immediately the market dropped. You can look back at the other time ratios (0.382 and 0.75 especially) to see how upon reaching those points in time the market began major moves in their the same directions but significantly stronger, or switched directions entirely. Gann boxes like this can give you key price levels and important dates of time to keep in mind, where the market has a significant chance of making major moves. This can be done months in advance, as seen here. Investigate this phenomenon for yourself. Markets are harmonic in nature. Price and Time are the same. Good luck.
COINBASE:BTCUSDEducation
by tkimball31
7
TSLA: Post Split Update Further to the earlier idea shared before the splitting of this stock, here's an updated version of the chart showing the same levels but adjusted for the split. The structure of this market suggests a completed 3-wave impulse sequence, which is now being corrected by profit-taking and short selling. The current correctional formation is seemingly completing the A leg of a potential ABC correction. Approximate movement and supply and demand areas are highlighted for convenience. In case of suggestions or questions on this TA idea, drop a line in the comments section below. Staying tuned for further hints on the price direction of this exceptional stock.
NASDAQ:TSLA
by Zoen_Trieste
15
LARGE VOLUME AND NEW TRADERSDURING THE COVID19 SITUATION NEW TRADERS STARTED THEIR ADVENTURE INTO THE CRYPTOCURRENCIES OCEAN. THE MOST OBVIOUS THING TO NOTICE IS THE LARGE GREEN ICHIMOKU CLOUD AT THE BOTTOM OF BULLISH TRENT WHICH MEANS BUYER IS REALLY CONFIDENT BY NOW ABOUT HIS/HER PROFIT AND STILL CAN WAIT FOR THE BETTER SITUATION UNLESS THE OCCASIONAL DROP. IF YOU COMPARE THE CLOUD WITH PREVIOUS UP-TRENDS, YOU SELDOM FIND HUGE GREEN CLOUD AT BOTTOM..... SO WHAT? IS THAT A PROBLEM? IN SOME WAY YES!! BECAUSE WE DO NOT SEE THE RED CLOUD BY NOW AND, MAYBE FURTHER BIG DROP FORCE THEM TO SELL TO ENJOY THEIR PROFIT!! I TOTALLY DOUBT ABOUT CONTINUING THE GREEN ICHIMOKU CLOUD
BITSTAMP:BTCUSDLong
by immediateFalco53066
CLU0: Sideways ActionHere is a road map for this contract's price development until its expiry. As the futures curve is in contango, the CLU2020, which is now the new front-month contract, is yet to test the supply around the 100% up area from its YTD low. Furthermore, 50% of the YTD range is also around the area where this contract is currently trading. These factors are expected to imply an increased interest to square off long exposure aka selling longs. So far, the price action is suggesting that there is new long interest working the orders of those selling their oil holdings. Nonetheless, there is a decent potential to slide down to the +50% area from YTD low. Caution is advised.
NYMEX:CLU2020
by Zoen_Trieste
CLV0: Two Potential SetupsThe above chart shows potential price development scenarios before the expiry of this contract. The higher timeframes are showing signs of selling, any weakness in oil at this point can be justified by long interest vacating their holdings at almost a 100% gain from YTD low. Though aggressive bears might join in for a swing lower, it is imperative to be looking for buying opportunities upon signs of weakness. Another way to buy the dip is to sell a put option, let's say a CL Dec'20 strike @ $38.50, which would give the option writer a $1.5k premium at the current market, giving him/her a Break-Even price of around $37.00 where the stop sells would be placed separately on the CLZ0 contract.
NYMEX:CLV2020
by Zoen_Trieste
2