Ganndates
Bitcoin showing a Massive Expansion Zone up aheadThe Square of 52
This is what Gann referred to as his Master Calculator. It expands out 52 weeks from a predetermined start date and the price levels are formed off numbers that result in natural squares. Applied correctly, it is one of the most efficient ways to trade on a daily or weekly basis. The angles represent the natural flow of momentum and direction of a chart. This is as close to knowing the future as you can get. And for those you sci-fi junkies, you get to see a finite number of alternative conditions that may form. Right now, this is the most probable.
If price initally bounces off the angle above it, we should expect some pull back to the 8192.22 zone. If it does (or doesn’t), the zone in front of us is approaching what is known as the apex. We are approaching the exact center of time and price, we are returning to equilibrium and into a transition zone. But that’s not what is so exciting.
It’s the behavior of price after it crosses the inner arc.
It moves.
Fast.
And the expansion is extensive. The zone we are traveling to (if we get above the inner arc) becomes the most expansive and strongest trend we will experience until later in the year. It can not be understated the power of the moves that are coming if price enters above the arc. That $10,000 value area? It’s nothing. When price approaches that area, more than likely we just cruise right by it. Maybe cruise isn’t the word. We shoot through it.
Consider also the divergence on the daily chart with the Composite Index and the extended oversold condition of the Stochastic RSI . The current price level (at the time of writing this it was 8235) is also right on top of an inner harmonic that acts as a pivot which shares the same value as the .618 Fib level of the most recent swings.
These kinds of moves only happen once in a Square of 52. This is like a wormhole in Star Trek. When price enters it get’s whipsawed across and beyond the center. From the point of entry of the inner arc, price will move opposite/180-degrees from that location.
Which is the $11,600 area.
BEARS ARE BACK IN PLAY! But Long term trend still bullish!!BTCUSD's blowoff top, 30 day phase ended December 17, 2018, harmoniously near key GANN Solar year date, Dec 22. At this point began BTC's 30 day reversal pattern which confirmed in 29 days since the December high. Next phase, the continuation phase, lasted an additional 30 days, with price breaking down the neckline BTCUSD -6.73% 12500, and quickly retesting, only to fail and complete a measured move from the December '17 highs down to BTCUSD -6.73% 6000. As this move was 'Oversold' considerably, on numerous technical indicators, a bounce occured off the measured move into our current phase: Retest.
Expectations for February - March 2018:
I expect the declining tops line to hold as support in the Retest phase, and into the continuation phase.
In the near term,
1. I expect BTCUSD -6.73% 12500 to retest in February, finding selling pressure before March begins.
2. I expect BTCUSD -6.73% 6000 low to retest in mid March, offering some support, and into a minor correction.
In April 2018 I expect BTCUSD -6.73% to reach 3000 before establishing legs for the next bullish move up.
I am utilizing GANN days after a top/bottom to forecast potential correction/continuation/reversal days.
I am utilizing key pivot points (price levels) that may indicate support or resistance for a potential correction/continuation/reversal of the trend.
*Notice how price finds key trading levels at 3000 6000 12000 18000
*Notice key days from reversal 30, 60, 90, 120, 135, 180
UPDATE: BTCUSD retesting Dec '18 reversal pattern necklineBTCUSD's blowoff top, 30 day phase ended December 17, 2018, harmoniously near key GANN Solar year date, Dec 22. At this point began BTC's 30 day reversal pattern which confirmed in 29 days since the December high. Next phase, the continuation phase, lasted an additional 30 days, with price breaking down the neckline BTCUSD 12500, and quickly retesting, only to fail and complete a measured move from the December '17 highs down to BTCUSD 6000. As this move was 'Oversold' considerably, on numerous technical indicators, a bounce occured off the measured move into our current phase: Retest.
Expectations for February - March 2018:
I expect the declining tops line to hold as support in the Retest phase, and into the continuation phase.
In the near term,
1. I expect BTCUSD 12500 to retest in February, finding selling pressure before March begins.
2. I expect BTCUSD 6000 low to retest in mid March, offering some support, and into a minor correction.
In April 2018 I expect BTCUSD to reach 3000 before establishing legs for the next bullish move up.
I am utilizing GANN days after a top/bottom to forecast potential correction/continuation/reversal days.
I am utilizing key pivot points (price levels) that may indicate support or resistance for a potential correction/continuation/reversal of the trend.
*Notice how price finds key trading levels at 3000 6000 12000 18000