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Gann Square

Long term Idea on EURUSDI think it is very important to have a long term idea, and then take a closer look on the short term. By doing this I have a safety net along the path. This sounds basic but I repeat this to myself every time I do my trades. Enough about today's lesson :P Here is my long term idea on EURUSD. I think it will descend because: - Gann Fan line (blue lines) made it turn downward (Beginning of 2018). - The arc from the reversed Gann Square made it turn downwards. - 0.382 fibonacci level (from the "all time high" and to the lates lower level) made it turn downwards. - Trend line is working as a resistance line along the descending path. - (4) wave is completed inside this descending wedge. Note how it zigzags(1-2-3) between the waves. Forecast: - Currently it hit the local neckline and it will probably rise the next two months. - After two months it will continue on the descending path. - It will then hit the arc again. A critical moment for the idea. - It will descend all the way down to the 0.886 fibonacci level. - This is confirmed by Gann Square, Gann Fan, Reversed Gann Square, Fib Circles (Fib Circles: I will publish this one right after). - Target: 0.91 - When: Arround Q1 - Q3, 2020 Note! (4) wave could extend to the 0.5 fibonacci level marked before descending. This will then be another good entry for a short position.
Short
by Steffro
1
A very good entry!If you think BTCUSD will fall even more this summer, then here is a good setup: - Head & Shoulders are about to be completed. - Parallel lines to the bottom line of the symetrical triangel are working as resistance lines on the last shoulder. - A copy of the left shoulder gives us less than 5 days to complete the Head & Shoulders pattern. In other words it should descend rapidly. - It didn't bounce at the first Gann arc (marked with green circles) Note! It could jump up to the next parallel line and a stop loss above this level could be used. Forecast: - Breaking through the bottom line within 5 days. - It will descend all the way down to the 4280$ - The Head & Shoulders Potential, The Gann Arc and The Reversed Cypher Pattern confirms this. - It should turn over arround beginning of July. Good luck!
COINBASE:BTCUSDShort
by Steffro
4
Just like clockwork!Gann Square works perfect on XRPUSD, just take a look on my earlier posts from April month. Alright I did som small adjustments after the first post but it is the same technique still. It helped me to anticipate wave 3., wave 4. and now maybe wave 5. (??). The Forecast is simpel: I will go long as soon as it hits the next arc. TP = 0.40774$. We also have support from the global trend line and the 0.886 fibonacci level from the last wave. When to go short: 3. July (Almost all of my work says the Crypto will turn over arround this day..) Meanwhile I'm short. Especially now when it crossed thrue the arc midway of the descending path.
BITSTAMP:XRPUSDShort
by Steffro
2