Bitcoin approaching critical support!I'm watching closely Bitcoin here.
I think we might see some temporary reaction there. Let's see.
Gann Fan
Do not fight the trend!When I scrolling Bitcoin ideas here, I wonder why some ppl still fighting the trend.
I already said the trend is your friend.
Please check my previous ideas :)
Thanks
You should stick to your plan always!Bitcoin followed the yellow arrow :)
Please check the previous ideas which I linked here.
Thanks
Still short!As you can see on the chart we have a rising wedge here and as I mentioned in the previous idea, there will be a rejection around 36800-37000.
It should follow the yellow arrow now.
Not financial advice and DYOR
The last stand!Bitcoin approaching the final resistance around 36800-37000. I think the rejection chance is high.
I'm still short and might add another size there.
Please note, all ideas are my opinion only. Do not consider them as financial advice.
Thanks.
Bitcoin trying to fool us!Bitcoin breaking out for now but I'm not convinced yet. Let's see what will happen.
Short Bitcoin again!Bitcoin couldn't break the strong diagonal resistance.
Bearish signs:
Double top.
Stopped right at diagonal resistance.
Also, there is no strong bullish sentiment/catalyst in the market right now.
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Thanks.
Short is going well :)The short position from 34600 looks great now :)
Check my original idea that I shared two days ago.
Please like and share the idea.
Trend is your friend :)Follow the trend always.
Check my previous update :)
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An update for the previous idea.Hello Traders,
As I mentioned in the previous idea, Bitcoin got rejected from the strong support area which is between 34600 and 36200.
Also, as you see on the chart we have the Elliot ABC correction wave which will end around 25700.
Please like and share the idea and tell me what you think?
Bitcoin in a downtrend channelHello Traders,
As you see Bitcoin still in a strong downtrend channel.
Trade within the range until it breaks down/up.
Strong resistance area: 34600-36200.
Strong support area: 28805-31000.
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Thanks.
Short ~36.2kAs you can see on the chart, there is strong resistance around 36.2k.
Not financial advice and DYOR
Opened a long position here :)It's super risky trade, I know.
Opened a small long position at 30500 with 75x lev on Binance.
Size: 0.5 BTC
Entry: 30500.
No SL.
Liq price: 21471.
chz usdt on binance the whole idea is using the gann star to find the major swings on larger frames and the inner ones to utilize the vibration law to its maximum
Identify the downtrend by using Gann Fan What Are Gann Fans?
Gann fans are a form of technical analysis based on the idea that the market is geometric and cyclical in nature. A Gann fan consists of a series of lines called Gann angles. These angles are superimposed over a price chart to show potential support and resistance levels. The resulting image is supposed to help technical analysts predict price changes.
How it works?
The 45-degree line is known as the 1:1 line (Dashed black line on the chart) because the price will rise or fall at a 45-degree angle when the price moves up/down one unit for each unit of time.
In both an uptrend and a downtrend, the 1:1 line can help to detect a reversal. In a downtrend, a price that stays below the 1:1 line is considered bearish. In an uptrend, a price that stays above the 1:1 line is considered bullish. Thus the 1:1 line can serve as a resistance and support line.
Source: Investopedia
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BTC.D - LT hypothesis - June 2021Gann Fan descending from BTC Dominance, trying to imagine the crypto ecosystem of the future.
Thanks for watching
Bitcoin ten year price channelThis is my current ten year outlook for bitcoins price projection, I feel that the chart is self explanatory but please feel free to pick my brain if you have any thoughts or questions.
Price roof and floor are based on channels determined by a gann fan not shown.. it's middle channel is is the line labeled "G"
Bitcoin short from ~40.5k is going well :)I just wanted to close the short and open a long position around 37.6-37.8k but I didn't because the support couldn't hold.
Please refer to my prev idea.
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