Gann Fan
ontusdt/1dDaily candle is shooting star (bearish) and according to chart we have strong resistance above of ONT. Always buy on strong support line and sell before strong resistance.
For holders it's not good time to opening long position but others will be able to opening long or short term base on dynamic and static lines ((check candles also)).
As for me, I always check important dates on chart for possible trend reverse ((you can see them on my chart)).
0.8426 , 1.1697 , 1.5992 , 2.3348 , 3.1127 are strong resistance for price and 0.4179 is strong support, also.
Good luck
July 26 Monday Open AnalysisLeft side star fan angles control everything right from mid
Right side star fan angles control everything Left from mid
Simple Short Term Price ActionLeft side fans control the right half and right side fans control the left half.
Are we drawn to a predefined date and BTC price?
I'm a beginner but fascinated by the patterns in charts.
This BTC chart looks like we are drawn to one date and price.
The start of the pattern is half way February, that's coincides with the start of the Wyckoff pattern.
Depending of the start of the triangle/wedge a 50% to 150% gain is possible when the breakout is to the upside.
AMC updateI know many hated me for my last prediction about AMC, but you can´t ignore the main rules of trading my colleagues!
Anyway, I hope you remember my 2 last predictions and followed them well, even if you maybe hope that I am wrong;)
I updated the chart which behavior I assume. Hoping for a soon bounce, but we have 2 signifcant areas where the price could get and bouncing back.
The analysis is based on Gann Fan, which I like to use for overshooted stocks.
Here are the last 2 charts from me
5/26/21 First prediction overhitted my target - target reached:
2/6/21 Second prediction - half filled so far:
Bitcoin will do against the expectations!Hello Traders,
Many traders are waiting for GBTC unlock and they are thinking this event is bearish for Bitcoin but the market never moves based on our expectations!
I've been watching Bitcoin for a while. I was thinking Bitcoin will touch $28-30k but it could reclaim $33k support. Now, I'm confident about $43-45k target after GBTC unlock.