Gann Fan
BTC: Potential Short Trading Opportunity at 20800 (-21200)
Just an idea.
Nothing major has changed from my previous ideas (a slight correction was made on the wave count).
If this scenario plays out, we could short at around 20800 (-21200).
Note: In this hypothesis, we are in the first corrective wave 2 (ABC) of a final, impulsive wave C (12345) of a zigzag (ABC) being the last componenet zigzag Z (ABC) of the whole downtrend, i.e., the triple zigzag (WXYXZ).
OIL to mid-50'sOil is going to pull back to the mid 50's.
this chart looks stupid and crazy...focus on the godmode section underneath...
i'm a signal in the noise guy...i don't mind the chaos on the page, i prefer the markers as they turn out more legit than most would realize.
if you mind the chaos...sorry...if you get it...enjoy
(and we closed the month under $90.952 so i'm leaning towards a vicious monthly candle)
Update: ETH's arc suport lost. Next 1250, or 1180
This is an update from my previous post (see the related ideas below).
The arc support, Fibonacci extensions' 0.786 of the large H& S, is now lost. The red candle is testing the bottom of the channel.
A rebound is possible here but considering the absence of the arc's support, together with the established larger and smaller Head and Shoulders, the price might not be grounded still after the plummet.
Instead, I suppose ETH may find more solid support somewhere on Gann Fan (green), as explained in my previous ideas. So watch 1250 (channel) and 1180 (Gann Fan) next.
ETH's support levels- analysis based on Gann Squre and arcs
With the Etherium merge complete, the predicted dump might be incoming.
TA-wise, Gann square played out perfectly and still indicates support levels that could be relied upon based on the previous prediction result.
Watch Gann Fan* 1 x 3 (green) if the price further goes down through the crosspoint of the arcs.
Because significant support lines are absent immediately below, It seems prices like 1256, 1189, and 1123 aren't so far-fetched if a stronger sellout takes place.
The intersections of Gann Fan with Fibonacci levels would provide solid support.
Shaded aqua-colored zones also indicate S & R like Ichimoku cloud, based on my previous observation.
* A component of Gann Square. I emphasized it with a different (green) color.
18600 level before long, but possible revisit to over 20400
The bottom looked rather solid, but the bullish picture is fading under the more stubborn ceiling.
Elliot-wise, the chart reads to be forming a third component of the downward corrective wave.
Because the price actions respect Gann Fan (deep green), we could again find support on one of them- 8/1 - or around 18500-18700.
Speculation.
As I analyzed before, bulls could gain momentum for a very short term, in which case we could revisit over 20400 perhaps for a moment.
If the chart breaks 20400, a price over 20900 or higher isn't unlikely. But it would be until the massive short orders are filled - before long.
IDX: TLKM FOR SEPTEMBER 2022Strong support at 4510
Medium resistance at 4660
I Prefer Yellow trading plan
Disclaimer:
This information is for educational purposes and is not an investment recommendation or representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not responsible for any trades, and individuals are solely responsible for any live trades placed in their own personal accounts.
IDX: BBRI FOR SEPTEMBER 2022Medium support at 4550
Weak resistance at 4650
I Prefer Yellow trading plan
Disclaimer:
This information is for educational purposes and is not an investment recommendation or representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not responsible for any trades, and individuals are solely responsible for any live trades placed in their own personal accounts.
I did this analysis for training I think that the 5th wave has not been completed yet and the price is in a downward channel to complete the 5th wave and the price will continue to decline until the 16750 range.
Gann Square playing out?
Update from the previous idea.
The above image is the linear version.
As we expected, Gann square and arcs stand in the way.
I emphasized some arc colors, but basically no change to the drawing itself.
The breakthrough here would be a surge, but it doesn't necessarily seem likely.
ETH on key levels: Gann Square Analysis
This is an elaboration of my previous idea about the ETH's resistance levels, this time using Gann Square (and arcs).
As can be seen, every arc and fan behaves as support & resistance.
White diagoanl line is Gann 1 x 1. Trends above it are sad to be strong, and trends below it are weak if the square is properly applied.
Overall, this Diagram shows how important but difficult it is for ETH to break through the two key levels: the current price zone and the previous high.
ETH Merge will squeeze price up to unload lockup, Then Down.BINANCE:ETHUSDT
My opinions in order of likelihood
(See more Detail Opinion written on Callouts in Chart)
Option 1 *
- Merge will lead to forcing price up
-- So that those with locked ETH get their value worth back
--- Then it will crash back down through the levels.
Option 2
- Fake out here / Turn now and we fall to the bottom Area on the weekly Low over the last couple of years.
Option 3
- We Range and Crab for months and months while inflation eats away the relative floor value. vs what would have been nominal.
Indecisive trend Leveraged Funds, Asset Managers and Non commercial are pushing the market to the downside. Keep your stops tight things would get real ugly in a blip. Don't hold long positions.
Look at the COT report here:
Scenario on track, but beware of support at 18200-17600
Dump as expected. Gann Fan supports as predicted (see the related idea and the image below).
Except for the minor upside (20130) smaller than expected (20400+), the overall scenario is right on track.
The macro downtrend would persist, but we would see a short-term rebound at the support zone around the previous low.
Check 18200 and 17600. (Previous low and the crosspoint between the parallel channels on the weekly chart.)
IDX: JPFA FOR SEPTEMBER 2022weak support at 1450
weak resistance at 1540
I Prefer Yellow trading plan
Disclaimer:
This information is for educational purposes and is not an investment recommendation or representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not responsible for any trades, and individuals are solely responsible for any live trades placed in their own personal accounts.
Price action for ETH before DecemberThe above chart is a prediction of price action for Ethereum, despite good news of upgrading to PoS.
youtu.be
www.coindesk.com
www.coindesk.com
Always do your own research and this information is NOT financial advice
BTU Long term viewA possible path for BTU as we march towards improving fundamentals in the Coal industry.
Going to retest resistance? Another dump expectedAs we predicted earlier, the bearish scenario is ongoing, still shaping the potential triple zigzag.
Another dump is very likely when the rebound from Gann Fan, helped by the harmonic black swan, ends up in a pullback to retest the resistance.
Factors to watch (for the short term):
- Trendline (from circled "X") around 20500-20600
- Gann Fans 4/1 and 8/1 (to support around 18500?)
- 25EMA on 4H Timeframe
- June 19 low (17600)
- Red channel midline
$DXY End of Month Range ReviewThere appears to be forces at work that are expect (are working on making) $DXY move down to 106.5 levels by months end. Today, 108 to 108.5 is in the window I'm looking through. Simple as that! Keep an eye out though, if we break 108.5, the market's gonna be tanking pretty bad, and there's already divergence between $DXY and assets like $BTC in play this week, and today's no exception!
X or ex?may be we are in last leg of this rally, so for tomorrow considering gap up scenario this is what I'm expecting, overall short is not advisable. and expecting market to top out on Friday or Monday.
Im not an SEBI registered advisor, so risk v apna apna aur ishq v apna apna, happy trading
My Weekly Analysis 40 Pt. 1I go through my currency pairs and analyze them while listening to music and talk to you guys.
*not a financial advisor*
