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Hurstcycles

BCHUSD Support will be penetratedAs you can see I'v already spotted the resistance area on chart. Don't be fooled by indicators. Now The gann square is here. 5d 10d measure time. 1/2 is from my silly use of gann line. IDK what it is so it's a mysterious spot. Seems it just a cycle. Then we should know that The gann angle is a measure tool ;-) It's must not be the resistance speed line. The speed line is just divide price by some ratio. But gann square is called the time & price calculator. I'm still not sure what 1:1 line means and how to correctly put it.
BShort
by c073
0x/Bitcoin (ZRXBTC) Broker Burns up?0x/Bitcoin (ZRXBTC) 4-Hour Bars, Normal Scaling, 06/24/18, Written 12:35 a.m. EST, by Mike Mansfield Hi trader friends, we have 0x Protocol under an Andrews 0.618 support line & the Fibonacci 0.618 retracement, with only 3 of 5 waves completed on the downside, so there should be a bit more to come. After the expected low, larger bounce is due, preferably from a bit lower at 0.000008585 area, where I show a green arrow turning up. But, this broker/exchange technology is not catching fire lately, while Bianance has been killing it (see past recos). ELLIOTT WAVES: CORRECTION or IMPULSE?: This looks more like a giant correction down. Here’s why: Angular momentum down on Wave (A) is steeper than the angular momentum down on Wave (C), at least thus far. Even Wave 3 of (A) is steeper than Wave 3 of Wave (C). Therefore, Wave (C) is LESS likely to be an Impulse wave. Instead, we are likely in a Wave (C) correction. CYCLES: Red cycle in trough phase, with actual trough on 06/20/18. Blue cycle is still heading down. This often means a big bounce is due, but maybe not a new uptrend yet. Price is more important than time. Red cycle tops again on 08/08/19, so you'll likely want to be out of any longs before that. Blue cycle bottoms in early October, 2018, along with some other large cycles in BTC. DIVERGENCE: Both RSI(9) and MACD have bullish divergence suggesting the low is getting near. TARGET UP: Upside bounce target is the prior Wave IV area, likely launch from the next Andrews Pitchfork and FIBO intersect line, both shown by the green arrows. BOTTOM LINE: Possible short-term tradeable low coming. There should be another short sale opportunity, at the prior Wave 4 horizontal black line area, after the expected big bounce. Have a great week! DISCLOSURE: This analysis is meant for educational purposes only. You trade at your own risk! Cheers! Michael Mansfield CIO
by UnknownUnicorn1613901