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Gann Square

Bitcoin Looks Bearish In Long Term Gann Square shows us that bitcoin has made an increase in each curve support and then recorded a sharp decrease when it goes out of the curve. This decrease can also be confirmed by the "Stock Rsi" and "RSI" indicator. According to Fibonacci Retracement our first support $8680, second support which is strong $7270, third $6180, fourth $5050 and last one which is strongest $3500 (I'm not professional analyst, trader or something like that and this is not an investment advice. Please make your investment decisions yourself.)
Short
by YavuzAkbay
2
XBTUSD H4 Descending Channel Short with Gann S9 Pivot PointsXBTUSD has broken to the bottom of the H4 ascending triangle structure that we have been forming since the start of August 2020. Since then, we have re-tested the underside of the trend and rejected, and have progressively been making lower highs and lower lows. We have now formed a parallel channel, creating a trending short opportunity, with a target at the bottom of the range at 10,560. There are 3 major potential Gann based S9 pivot points coming up. The price action response during this window will determine whether this setup is invalidated. There is also a potential double bottom forming at the centre of the range. A break and close above 11,629 will invalidate the short opportunity.
BITMEX:BTCUSD.PShort
by DoryFish
CLV0: Two Potential SetupsThe above chart shows potential price development scenarios before the expiry of this contract. The higher timeframes are showing signs of selling, any weakness in oil at this point can be justified by long interest vacating their holdings at almost a 100% gain from YTD low. Though aggressive bears might join in for a swing lower, it is imperative to be looking for buying opportunities upon signs of weakness. Another way to buy the dip is to sell a put option, let's say a CL Dec'20 strike @ $38.50, which would give the option writer a $1.5k premium at the current market, giving him/her a Break-Even price of around $37.00 where the stop sells would be placed separately on the CLZ0 contract.
NYMEX:CLV2020
by Zoen_Trieste
2