Gann Square
Trade plan based on Gann and Clones Combo - Intraday -28th AprilThere are two chart in the idea on the Left is Short Scenario 60minute chart and on the Right is Long Scenario 30minute chart
Short Scenario (left side): Short below the trendline break around 1262 for targets either the Clone levels marked as % or you can also use double arcs as targets.This is valid till 1271 is not broken.
Long Scenario ( right side): Consider this if 1268/1271 gets broken and targets either the Clone levels marked as % or follow the double arcs and move your trailing stoploss.
Note : This is not a trade advice , please do your due diligence before placing the trades.
Trade Plan based on Gann Charts and Clone LevelsThis is my first publication using the Gann Square and Clones Combo. There are two chart in the idea on the Left is Short Scenario and on the Right is Long Scenario
Short Scenario (left side): Short below 1265 and targets either the Clone levels marked as % or you can also use double arcs as targets.This is valid till 1271 is not broken.
Long Scenario ( right side): Consider this if 1271 gets broken and targets either the Clone levels marked as % or follow the double arcs and move your trailing stoploss.
Note : This is not a trade advice , please do your due diligence before placing the trades.
Bitcoin - Falling wedge concludes at long term trendlineBitcoin's current falling wedge pattern ends pretty perfectly at one of the major long-term trendlines (zoom out to see more of the trendline). Opening a hefty long if it bounces off 830ish and stays above.
Also seeing a potential double bottom at around 890 where the last curve of the Gann Square sits. So a couple of things to watch out for
End of ETH bullish run?Well we all know that what comes up must come back down. But is it the time for eth to re-test its support? Maybe not just yet!
Over the past couple days we've seen the 3rd and the 4th arc pair used as a pretty good support for the eth price (although the 4th arc pair was easily broken by today's dip it then stabilised over the arc pair).
The 5th arc pair pushed the price down twice already so we might be looking at a reversal here. Yet all SMAs are still bullish (even if they've weakened significantly today) so can the ichimoku cloud keeps us optimistic?
Regarding all these insights I'd say the 5th arc pair shouldn't be broken anytime soon, at least not before the 18th of March at noon (London's time).
Price might stabilise and find its support on the 2x1 gann fan but the first candle that will close above the 5th arc should lead the way... well bulls, let's hope it's a green one (and let's hope the SMAs won't be exhausted by then as well ;))!
Happy trading,
Gold parity level good support for now.Outside of the arc pair, where price has corrected 45 degrees verticality (green support angled segment parallel to 1/1 angle), still showing strength for another push upwards. Current parallel resistance has been tested a couple of times and we’re close to the end of square time period from the Gann setup (reversals or spikes are common at those areas).
My guess is that price will take the purple dotted lines channel until the end of the time period.
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?