Gann Box
BTCUSD 1D - New quarterly cycle, long till ~29 November 2018.New quarterly cycle just kicked in from ~20 September 2018 till ~21 September 2019 .
We're going up till ~ 29 November 2018 after that will start going down with the yearly Christmas/new years chaos coming. I expect it to go up around ~ 21 February 2019 again.
Important levels we need to break: ~ 7550 and ~ 9940 after that the bulls are in control.
Draw fib levels on Log chartHey, when using Fib Retracement levels in log chart, their value is calculated according to linear price value, not according to position in a chart, but i found that if u use Fir Channel levels are drawn based on distance between given points.
So to draw long term Fib retracement in a log chart we can use Fib Channel and draw it horizontally.
Bitcoin and Gann's Square of 52 Reversal - Mirrored Foldback?The image you are seeing is a rare (only because not many people use it) and old form of technical analysis from WD 0.07% Gann's work: the Square of 52. The Square of 52 is a 52 week time cycle that begins at an important high or low, in this case the all time high of Bitcoin -5.56% . What we have here is the exact center being traded, and it's at the bottom of a downtrend.
More than that, the mid point in the time cycle of the Square is also a 180-day Gann cycle. According to Gann , the 180-day cycle has these behaviors:
180 Day Cycle
Is the next most powerful cycle after 90
High probability of support or resistance
180 days up or down will usually start a countertrend movement or reverse the trend
180 days from all significant highs or lows must be watched for trend changes
Against extreme momentum and/or pitch, can go 192 days.
What we may observe is what the great analyst Michael S. Jenkins called a 'Mirrored Foldback'. If it doesn't trade it in structure, then it would trade it in shape, in this case the triangle. A foldback is a mirrored move in the structure that repeats its prior move. This is not an anamoly of the market, but a constant that we can see throught past price history.
Jul 22
Trade active: Mirrored Foldback still showing signs of continuation.
Jul 22
Trade active: Mirrored foldback with the current price action
August 7th - Sun Square Jupiter
Red Vertical - August 23rd - Admetos Square Sun
Blue Vertical - August 24th - Uranus AND Saturn Trine Sun
Mars exits its retrograde cycle.
WEGMANS (Malaysia) from TA of Gann Fan and Gan Boxi assume of new uptrend cycle when price break first Gann fan.
so the new uptrend Gann fan was drawn from there.
we can see price lingering along 1/1 Gann angle. it is expected price will land on crossing of 1/1 lines before it goes up to the next level.
it is expected to reach TP about 0.485 in end of september.
Wallahua'lam.
SAPNRG (new analysis) using GannThis is a new TA of SAPNRG (Bursa Malaysia) after its surprised announcement today on second-half of trading session.
the small red square is where the price expected to cross at the date shown at the bottom of the chart.
but, more importantly is that for today price to close in Gann Fan 1/8 that is above 0.475. otherwise it is like game-over for a while.
GDB (Malaysia) on Gann Box and Gann FanTo establish harmonic cycle is crucial in Gann TA.
If boxes above are harmonic, then it is predicted that price will pass thru all four small squares denoted by black arrow.
Hence, we can establish expected price and dateline; which are:
- about 0.465 around 5 september
- about 0.525 around 10 october
Wallahua'lamu.
Gadang (malaysia) - TA using Gann Box and Gann Fan pivot point at price 0.64 was chosen as it denote the beginning of uptrend cycle. confirmed by RSI.
from the pivot, price moving up and reacted at Gann line 0.5 and went down to Gann line 0.25. this is 1/2 retracement which stated by Gann as usual retracement.
Price is expected to move up to 1/1 (45 degree line).
expected price reactions as follow:
- about 82 sen around 31/8
- about 91 sen around 26/9
- about 100 sen around 22/10
sapura energy (sapnrg) (bursa malaysia)- quite difficult to draw box coz it is hard to determine the cycle.
- the overlapping Gann box because of assumption of few starting cycles.
- Price has followed redbox tell the border, which we can expect price will react, around 20/8, and follow new greenbox, hence starting of uptrend of this stock.
- if cycle follows the overlapping greenbox, then price is expected to react around 4/9.
There Is Room For MoreThe bullish divergence on the 1h and 4h charts have stopped the downtrend at 1.1298 which is considerably low if we are to count the pips from 1.2555 this year high. Inverted H&S developed first on the 1h chart and then on the 4h chart that propelled the price into the 1.1444 zone and could fuel for more in the upcoming days. Our mission is to identify key resistance levels and place longs and shorts to maximize our profit. For now, the bearish magnetism is minimal with RSI being above 70 on the 30m and 1h chart and regular bearish divergence in development on the 30m chart. There is little fundamental impact until 12:30 (GMT:0), August 22nd, which is also the end of the 5-3 EW cycle (high: 1.1478, low: 1.1298).
Price Action Scenario:
1) Monday, the price heads towards 1.1475 which is a 0.389 Fibo retracement (high: 1.1478, low: 1.1298) and is also the upper limit of the trend (1h chart). It is rejected and dips back into the 1.141x area which is the lower limit of the uptrend channel.
2) Tuesday, the price heads towards 1.1523 which is another key resistance level where several Fibo extensions and retracements meet. It is rejected and moves back into the 1.1475 area.
3) Wednesday, the price enters a mild bearish divergence on the 4h chart and slowly exists the uptrend channel. It retests the 1.152x area and then reverses and heads to 1.12x.
Order Entry And TP:
Monday | Long, TP 1.1475, SL 1.1391
Short, Entry 1.1475, TP1: 1.1439, TP2: 1.1418
Long, Entry 1.1418 - 1.1439, TP1: 1.1475, TP2: 1.1529
Tuesday | Short, Entry 1.1523-1.1529, TP 1.1475
Long, Entry 1.1475, TP 1.1523 (moderate risk)
Wednesday | Short, Entry 1.1475 - 1.1529, TP1: 1.1321, SL: 1.1578
Disclaimer: Please remember that the price can move beyond 1.1529 and reach 1.1540 area. The trading suggestions are based on Fibo key levels, the current uptrend channel on the 1h chart and on a unique algorithm for identifying reversals. The price will be out of the Gann box by 13:00 (GMT:0) Wednesday, 22nd of August.