XRPUSD: Giza is hereJust kidding, Gann advanced Box using 1/7 fractions
Up until forming a double top on April 11th? early breakout of pink line indicates this, but we shall put all charts together
Geometry trading always has some amount of uncertainty like other methods of Technical Analysis (80%? how they calculate this anyway?)
But i think the level of uncertainty is too high by now, and it will remains too high
Lots of people who never used crypto were entered market due to falling Bitcoin price below 5k$.
Does market has special plan to leave this people and pro traders behind before a huuge bull run? we must just sit and wait (or draw more charts)
More... more... more...
Gann Box
BTC RHYMES. No Timelines. Fundamentals.I know there's alot to unpack there folks; so I'll implore you to stare at it for a good 15 minutes -- a quick glance won't do you any service as it took me some time & a lot of memory jogging to retrace (pun intended) what I could remember from Q1-Q2 2017: so let's get to it!:
As you can see Elliot Waves cycles are nearly identical with purple == elliot waves almost identically in conjunction with % from gain retracements we've seen give or take a few missed targets or added --these can be attributed strictly to anomalies like COVID19 and shit like that can't be predicted yet at the end of the day the fundamentals will ALWAYS play out as intended, so when you have a major pandemic causing panic on Wall St, you're not creating a BTC bull run...you're simply expediting one that's already in effect.
Don't believe me? I'll attach a link to BTC hashrates & recent mining pools; level of computation power is astounding & not just for being at an all time high but for essentially going from 0 to 60 faster than a Lamborghini (see what I did there?) as we are >80 days from the BTC halving, it is visibly apparent that we are in for one hell of a ride.
What we need to pay attention to are: Green dashed line is next TP: something we should see within the next 1-7 days. Now here's where it gets tricky. The yellow dashed line 1 & yellow dashed 2 are those quintessential pain-in-the-ass key resistance points we need to cross before we can officially declare this bullrun.
Now with all the variables in play, I'm convinced this is going to happen sometime in (gotcha! I told you. no timeframes!)
FUNDAMENTALS
I can't tell you when it will happen! I can only tell you it will!) though keep in mind once we cross that YD2 @ 9200 then we are officially set for launch.
The rest of the green horizontals are TP's we'll experience during that run, when it occurs.
Enjoy your Wednesday. Stay safe, clean, lets kill this virus already so we can get on with it.
Peace & Love
-@a1mtarabichi
Disclaimer
Note: This is strictly conjecture based on my own technical analysis and not any information based on any sources from the GOP Or federal government/treasury dept / ay institution of any form this example is for educational purposes only and should not be relied upon for any other use. Please invest responsibly and make all decisions based on your head; not your gut. Any projections or figures provided in this analysis are Forward-looking statements And have no basis Other than my own opinion and not information related to the GOP, SEC or wall sf in general. Just the wiz doing what he always did best — Disclaimer must be extended and extensive So forgive me as I need to truly emphasize None of the information obtained in conducting this analysis was provided by insider trading in anyway shape or form.
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CLM0 3 Day Chart: Long-term Buy Oil opened the week with a massive gap of more than 30%; a clear selling climax move. At this point, most of the selling was absorbed by institutionals and I do not see the selling continuing for much lower. Oil has already regained 20% since the low was printed early in the morning hours. A great opportunity for long-term buy entries. Mind the risk though - have at least a $6k risk buffer per contract here. Depending on the exclusion of the "lower for longer" approach here by the oil giants, we could see a mean-reversion to the $50 area rather quickly - by H2 2020. Around $50, a decent profit of under $20k per contract expected.
WAVES / USD (WAVESUSD) DailyDates in the future with the highest probability for price direction reversals
XLM Gann IdeaSet on weekly. Going out super far was the only way for it to make sense to me.
Looks ready for a breakout soon on the break of this 1/5 angle
Daily CLQ0: A Potential Positional LongThe fear is out and folks are running for an exit; the reduction of short risk exposure in progress. Best time to look for long entries. However, watch for the transitioning of lower timeframes into bullish or sideways formations for potential long-term buy entries with reduced risk. A 1R return of $2K per contract is the minimum expected return here with a potential for 5R before this contract expiry.