Gann Square
First arc showing strong resistance.To keep it simple, price might get down to ~1100 before continuation of current uptrend (may go lower down).
Arc resistance has been strong up to now on this singled arc; price could take its way up with help from the 1/1 angle magnetism. In this case, two resistance levels marked in blue discontinuous lines, plus the top end line of the first square, will test a possible continuation to such uptrend, which will be tested again on the first arc pair. My feeling is that we'll go low before that, so I have to remember hard that feelings are mining less here.
I’ll keep an eye to this Gann Square position as time goes by although this one makes sense to me right now.
I’ll be happy with any comments and views. Thank you for reading me.
Respect Gann: a BTC forecast for the first semester of 2017My Happy New Year prediction.
A possible bullish scenario for Bitcoin until the summer of 2017 based off Gann lines.
Gann lines got a lot of respect in 2016, acting as support and resistance at pivotal(!) moments. (8
I extrapolated the rally of June 2016 (the halvening - dum dum duuuum!) and applied that for the first semester of next year.
Using Gann and horizontal support and resistance lines as a guide, I came up with a rather precise scenario.
Happy holidays everyone and may volatility rock your boat in 2017!
First idea on BTC - Possibly on its way upHi everyone, first of all that's my first 'idea' here so I'm glad to hear any comment you may have.
On the Gan's square of nine it seems like the 1x1 Fan (the green line) has created a support level for the couple of days on the 2 hours chart. Shall the trend continue it may bring the price above 950 before the end of January.
Buy signal would be a candle closing above the 2nd arc pair (the green arrow) that would trigger a push or a small raly to the 3rd arc pair around $944.
Sell signal would be a breakthrough bellow the 1st of the 3rd arc pair (the red arrow).
First idea on BTC - possibly on its way upHi everyone, first of all that's my first 'idea' here so I'm glad to hear any comment you may have.
On the Gan's square of nine it seems on a 2 hours chart that the 1x1 Fan (the green line) has created a support level for the couple of days. Shall the trend continue it may bring the price above 950 before the end of the month.
Buy signal would be a candle closing above the 2nd arc pair (at the green arrow) that would trigger a push or a small rally to the 3rd arc pair around $944.
Sell signal would be a breakthrough bellow the 1st of the 3rd arc pair (at the red arrow).
Any thoughts?
EURUSD gann square analysis on monthly chart.
I have never seen the price movement which responds to Gann Square as perfectly as EURUSD is doing.
Traders can take guidance from this chart to decide upon entry and target points.
Every line on chart is important and needs to be treated like that.
I wish happy and prosperous new year to all
1.May this year bring you biggest profitable trades....(short or long it doesn't matter)
2.May you be on the correct side of the trend.
3.May you plan and implement the best trading plan .
4.May your stops will get hit less times, than your targets.
5.May you adhere the money and risk management in 2017
Nifty Gann Square forcast
Lines and curves are support and resistance for price.
The demand and supply zones are also marked on the chart which will give additional confirmation for price movement.
Trade setups are not mentioned on the chart because the trend perception of individual will be different, intention of the chart is to make traders aware of important time and price levels, which they can use in their positions.
The impulse leg for gann square is short as it may not work as impulse leg if we reverse and fall. But if we move up then these levels will help a lot.
Other than this chart there are few observation.
1. We have paper pin kind of pattern on monthly chart, which may work as base for short or medium term.
2. On weekly chart we have weekly close above previous weeks high.
3. Double bottom like pattern is formed on daily chart around 7900 which was good point for long.
4. 8275 is important level structurally, if we close above that, only then case for short term uptrend will be confirmed.
This was the last trading day in 2016 and markets will open in 2017 only :)
I wish happy and prosperous new year to all
1.May this year bring you biggest profitable trades....(short or long it doesn't matter)
2.May you be on the correct side of the trend.
3.May you plan and implement the best trading plan.
4.May your stops will get hit less times, than your targets.
5.May you adhere the money and risk management in 2017
Highest Time-Frame Gann Arc Leads the WayA Gann arc is usually produced by starting with a key low or high and placing the first arc at the nearest key high or low respectively. But in the case of an asset like Bitcoin where extreme growth is still very much on the table, an interesting study is produced by drawing the first arc of Gann's Square from Bitstamp's all-time lows of $2.22 to 2013's rally top.
This produces the highest time frame view possible.
Like everything else in technical analysis, the higher time-frame a signal is the more relevant it is.
Watch to see how price behaves as it comes up against this current arc.
If 1) it it starts to fail, then expect a dump at least to 570 possibly down to 400-ish. Then when price finally breaks out of the arc start hunting longs.
If 2) price consolidates quickly at the arc boundary then breaks out, or simply ignores this arc and continues to rally, then consider this arc "skipped" and follow the strategy set out by my previous post (link below). Price will likely rally all the way to the next arc around 2000-ish area before correcting.(Zoom out and scroll up on this chart to see this area).
My personal opinion is scenario 1 is more likely. But as my dear friend and trading mentor, Brian from the therationalinvestor.co, says " Opinions are worthless. All you have is your set-up."
Follow a time-tested set-up.
Of course, as with all things Gann, squaring your chart is the key to this whole thing.
See link below on how to do it manually.
Oil "Energy Model"This is a pretty simple model based on a Gann Square and concentric circles and squares. Price over time tends to move up or down 2 circles, or energy levels, before moving in the opposite direction.
Since price made a low near the point marked 0, we should expect that the oil price will generally move higher until the circle marked 2.
The parabola drawn was inspired from several sources, including Martin Armstrong. Price moved down fairly strongly once the peak of the parabola was passed.
It is possible that price may meet resistance at the green 2x1 line. In addition, price often moves in the opposite direction when crossing a square, so it is possible that price could retrace somewhat with the red 39 degree angle line below it acting as potential support.
Depending on how strong and steep the upward climb of price is, oil could move generally higher into 2017 and as late as 2018.
Gann Arcs as Shorting TargetsI have rather consistently found that when price rallies past an arc without correcting or consolidating inside it or immediately outside it for a length of time, price will continue to rally to the next arc, form a top there, then proceed to dump back down to test, at the very least, the top of the skipped arc.
Here, look for a top inside or immediately outside the dark blue arc, and a dump down to the top of the light-blue arc.
The key to the whole dang thing is properly squaring your chart.
Most people haven't a clue how to do that on tradingview. It must be done manually.
Check link below for info on how to do it.
But the best trading advice I could give you is to go and graduate therationalinvestor.co school.
I wish I had done it earlier.