Gann Square
BTC IdeaBTC idea based on Gann linear scale using the 11/21/2011 weekly $2.25 bottom as the start. think we're good for one more bounce, then it's anyone's guess. Amazing that the lines from almost 7 years ago still have such an impact today
EOSUSD | D | GANN GEONice |EOSUSD| bounce in gann |geo| setup. enjoy!
3H is saying 14.40 !
Cheers,
Keops
Bitcoin, are we ready for 10k?BTCUSD did not manage to touch or break the 10k on Bitfinex which was not really suprising to me. Therefor the market took the chance to retrace. Now the question is, are we ready for the next run towards the psychological 10k barrier?
I believe the retracement is completed and we are heading towards and perhaps breaking the 10k:
- Price found support at the 2nd arc pair
- We did not touch the top of the 2nd square
- Volume on 60min red candles declined -> shortage of supply
- BTCUSD Shorts (Bitfinex) did not rise further
Things to look out for:
- I am missing is a proper demand bar (high volume green candle). That would confirm further upward movement.
- Break of 9450 which is the end of the 1st down wave.
As always trade safe.
Bitcoin Short Target Long Entry BitfinexWhat happens: I believe this is a short term correction. BTC hit the 5th arc pair in a 60min set-up
Where can we go: I hold 8600 for a likely target which is the bottom of a square.
And if not: the next target and quite heavy support would be around 8100 where the price will hit the 3rd arc pair of the down set-up and the top of the first square of the uptrend set-up.
Trade safe!
DASH Possible Exit Points BitfinexDASH made an expected advance today when it overcome the 482 level constituted by a recent high and the top of the 3rd square of a 240min Gann Square set-up. That breakout looks quite convincing to me since it was accompanied by high volume.
By the time of writing the price takes a breath at the 3rd arc pair which makes me think about possible points to exit long positions.
The most optimistic in short term (up to 10 days) is 740 USD at the top of the set-up. A lower target for profit taking like 650 USD might be advisable.
Trade safe!
Bitcoins recent course and how to read it The BTC/USD trading pair seems to be stuck at the first arc pair of a daily Gann Square set-up. Volume seems to be declining today which could mean that people are not happy to buy at these levels.
I conclude that we either break free of the arc pair today or tomorrow or a decline takes place to the top of the first square around 8500.
Please note that a bullish crossover of EMA 20 & SMA 50 is immanent which can either lead to advance in price or may be used by operators (Wyckoff) to trigger some stop buys and short the market.
Long recommendation OmiseGo BitfinexI was just going over some chart and, admittedly, the OMG daily chart looks best by far.
We are trading both of above the MA50 and MA100. EMA 20 is rising and may break above the MA50 soon.
Entry levels may be around the recent high of 17.5 USD or 13.2 USD being the 0.5 retracement.
Mid term exit target could be 35 USD where we will meet the top of the 3rd square.
Trade safe!
Bitcoin Short Term Correction & Support Levels BitfinexI assume Bitcoin could correct short term. The reason for that is, it reached the 3rd arc pair on a 240min set-up and it left a short term price channel. Since market conditions are still quite unstable it is unclear how far Bitcoin would correct.
1st support would be 7830 (bottom of the square)
2nd support would be 7600 (0.5 fib retracement and 2x1 fan )
Trade safe.
Support Levels Bitcoin Support levels for Bitcoin are:
- 7825 (top of the 2nd square) and
- 7500
A break below the 0.682 retracement would indicate weakness and could trigger further selling.
Speculative Long XRP USDMy daily Gann Square set-up indicates that Ripple may enjoy upwards support from the 3rd arc pair. Targets could be EMA 20 and MA 50.
The assumption should be rubutted if XRP falls below .0401 USD.
Please note that the notion of arc support can be quite speculative after previous volatitly in my opinion.
Verge USD Bittrex entry and exitVerge performs nicely in anticipation of positive news to be announced on the 16/4 or 17/4.
On a 60min chart we can see that the price almost touched to top of the 2nd square. Therefore, I believe a correction to the bottom of the 2nd square is immanent which constitutes a possible entry point around 0.069 USDT.
Afterwards, and only if Bitcoin does not fall any further, a run up to the top of the 3rd square seems plausible where one could exit its position around 0.115 USDT.
Keep in mind that the short-term market trend seems unclear, hence posing higher risks.
