Update: ETH's arc suport lost. Next 1250, or 1180
This is an update from my previous post (see the related ideas below).
The arc support, Fibonacci extensions' 0.786 of the large H& S, is now lost. The red candle is testing the bottom of the channel.
A rebound is possible here but considering the absence of the arc's support, together with the established larger and smaller Head and Shoulders, the price might not be grounded still after the plummet.
Instead, I suppose ETH may find more solid support somewhere on Gann Fan (green), as explained in my previous ideas. So watch 1250 (channel) and 1180 (Gann Fan) next.
Gann Square
ETH's support levels- analysis based on Gann Squre and arcs
With the Etherium merge complete, the predicted dump might be incoming.
TA-wise, Gann square played out perfectly and still indicates support levels that could be relied upon based on the previous prediction result.
Watch Gann Fan* 1 x 3 (green) if the price further goes down through the crosspoint of the arcs.
Because significant support lines are absent immediately below, It seems prices like 1256, 1189, and 1123 aren't so far-fetched if a stronger sellout takes place.
The intersections of Gann Fan with Fibonacci levels would provide solid support.
Shaded aqua-colored zones also indicate S & R like Ichimoku cloud, based on my previous observation.
* A component of Gann Square. I emphasized it with a different (green) color.
Gann Square playing out?
Update from the previous idea.
The above image is the linear version.
As we expected, Gann square and arcs stand in the way.
I emphasized some arc colors, but basically no change to the drawing itself.
The breakthrough here would be a surge, but it doesn't necessarily seem likely.
ETH on key levels: Gann Square Analysis
This is an elaboration of my previous idea about the ETH's resistance levels, this time using Gann Square (and arcs).
As can be seen, every arc and fan behaves as support & resistance.
White diagoanl line is Gann 1 x 1. Trends above it are sad to be strong, and trends below it are weak if the square is properly applied.
Overall, this Diagram shows how important but difficult it is for ETH to break through the two key levels: the current price zone and the previous high.
Is #btc heading to zero?Anything can happen in this world of crypto but while we panic and sell everything institutions are buying the dips. At the moment price is consolidating above a key demand/ support level. This could be a sign of buyers coming back in the market or sellers re adjusting. One thing I am sure of is that something big always happens after a consolidation. This is when the market is deciding which direction to go. Think of it like a cross road. See chart for potential trade to go long here. If this fails the next level is roundabout 12500. The lower the better the buying opportunity. So what is happening here then? I am linking Elliott Wave with the Gann Square chart. A perfect wave should be near, either side of the 45 degree line.You will see that BTC moved too quickly and missed the 45 and then corrected before making one more attempted to complete a cycle. We could now be seeing a potential completion of a major ABC correction. Let's see how it pans out. We might see a proper bounce from 19500.
BTC.D Gann Square Analysis Gann Square Analysis shows us the supports, resistances and trends for BTC.d. If BTC.d gets in the green zone, we can see stable altcoins while BTC dumping. If BTC.d gets in the red zone and if BTC dumps while that happens, alts will dump so bad. Everything can happen in blue zone.
eurusd short supply zoneThe price, after rising from the support of 1.0535 , is testing the supply and the level of 1.0731 . I am waiting for a false breakdown and a price drop. My goal is to support 1.0540
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Lunar MTOPS Forecast For BTCHere is my current forecast for BTC
it seems like we are currently getting mixed signals with btc here we have 4 charts from different time frames and as we approach the end of the first quadrant of the 512 chart we seem to have just printed our second TP telling us the market should pull back to print a higher 3 but on the 128 we are still looking for 10 to complete before going to 1 in the next cycle
The 32 min has just pierced the killzone and is also looking to put in TP 10 soon so maybe the 128 and 32 will sync up and both print 10 at the same time which would give us a strong buy signal, not saying we will go to all time highs but it should give us some short term relief.
If you like these forecasts and wish to learn more about our methods follow my tradingview account and send me a message to see if you would be a good fit for our mentorship program and also I trade live on twitch daily producing some of the highest quality BTC signals derrived from methods used by WD GANN.
Daily bitcoin GannBox and potential time & price targetsThis is a Gann box set from the low to the recent high, and its invalidation is a break of the box south or north.
Trading these boxes are effective on lower time frame, and using the daily a geometrical guide.
The circles you see in the charts are potential targets set using the Gann dynamic square of nine from the high and the low. Theoretically they hold a decent probability of being hit within the exact time and price when considering all these among all other possibilities.
Lets watch how this plays out!