Square Reverse Head and Shoulder at fib? I believe I'm looking at a reverse head and shoulder on Block (SQ) on the weekly. This could indicate a longer term breakout above the fib. I'm thinking of small position size to front run the break out, a little more on a pullback (considering RSI) and larger size after a breakout up to 100. Tech's recent run in January and Block's extremely strong pullback in 2022 set up nicely for profit making.
Square
Time and Price Pivots - XRPHello traders, this chart is an exercise observing the relationship between time and price. Specifically, we are observing how past price behavior may forecast future highs and lows.
For this example I've picked XRP/USDT on MEXC since that is what I use to trade currently but this can be done on any instrument/chart and repeating this on the exchanges should yield similar results.
First let me break-down how this is constructed. If the information seems vague - I'd be happy to do a tutorial once I have enough TradingView reputation to post pictures for a tutorial to do a true break-down.
Anyway, we first start by:
Drawing a horizontal line on the range low and high.
We then draw a trendline from the low to the high and observe the angle of the line.
Regarding angles and chart scaling:
It is important to note that this process should be done with either a locked chart scale or extreme restrain of scaling time and price bars. The above example was done on a logarithmic chart. I have not tested yet to see if the results are really any difference from a locked chart. However, the important thing to grasp is that the angles are all relative to your current scale. So when you are squaring the range , as I will mention shortly, the 90 degree angle you form is relative to your current scale and if changed will be relative to that one, and so on and so forth. There is a slightly degree of inaccuracy, but I think that mostly has to do with how TradingView tools seem to "snap" regardless of magnet settings.
Continuing on:
We square the high and low of the range by forming a 90 degree angle from the trendline on the high and low.
We then find the 1/2 angle (45 degrees) and draw these as a trend line for the high and the low
Continue to divide the space between the angles this from both the high and low. A Gann fan with the 1/2 point aligned with the 45 degree line can be sufficient.
Take note of a few things:
Where angles intersect the high and low of the range.
Where angles intersect each other.
Observe what happened at these moments in time. You will notice a pattern of highs and lows forming at these moments in time. The angles provide dynamic support and resistance, whilst the intersection provide us a time when the market pivots. This can be done on any timeframe.
Now, some could argue, "If I divide my chart up a million times, then of course I'll hit highs and lows."
Yes, but I didn't. In fact we only have 20 angles or so on this chart where we can derive with accuracy these pivot points. Almost all intersections are at a high or low. I would also add that these points don't mean something HAS to happen , but these should be areas of interest where it is HIGHER probability for market to shift.
Using this data we can essentially forecast potential points time where we could expect shifts in the market - a new high or low. I have March of 2023 marked as a potential area of interest next year as we have two of our major lines intersecting then.
Square/Block Analysis 25.11.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
Bitcoin Squared with Gan SquareInteresting chart, just having fun with squaring, shows potential support/resistance. Think of the center of the circle as a Sun and each ring as a gravitational orbit, once price action is pushed to the left side of the star, we could see an uptrend(just an idea). If price action losses an "Orbit" then "gravity" pushes it to another ring. Can anyone apply some Rocket science to this so we know when Btc will go to mars?
$SQ -68% DISCOUNT (52-WK) -77% (ATH)!Square/Block is Great stock if you are thinking about adding a software, crypto and financial services stock to your watchlist/portfolio. It is currently showing a possible sign of reversal, but I think it has a way to go down! The original Heavy buying positions from IPO '15 to ATH in '21 is the $71 area! The next set of buyers are @$32.25 area! Which is good entry to swing to the $290 ATH, but the $32 entry area is a SNIPER! anything in between those two are good entries for long-term.
Daily wolfe wave for SQThere is a daily wolfe wave setup that triggered on Jun 21 closing day at 60.52. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the green perforated line, as shown in the chart. The projected target is 94.85 which is expected to reach this price target before July 6. Projected targets are defined by identifying the apex of the wolfe wave and projecting a vertical line toward the green perforated projection tgt which is extending from left to right. However, in this particular setup the underlying price of SQ under performs since the price did not achieve the forecasted target defined by the wolfe wave apex. The setup is valid until the stop loss is triggered. Two days after the apex, a daily ttm squeeze formed which is another bullish setup opportunity into Monday and Tuesday.
Square will mirror the short term bounce in BTC up to 20%Square owns a large amount of BTC. The BTC short term relief rally could possibly drive Square up by 20% as well.
In addition we have a cup and handle pattern in the making in 1h chart.
Also, a positive divergence on RSI as well
SL : confirmed close below 58$ nullifies this thesis
Target 1 : 68.40$
Target 2 : 71.80$
i sent this to my financial advisor and he blocked me :-(jk, but not financial advice obviously...just sketching and learning and talking to myself as per usual
1. visually square chart to a move (i chose the correction you see the square around)...i just realized you can do this by drawing a circle (fibonacci arc, click full circle) with radius time (totally horizontally) and another with radius price (totally vertically) - not diagonally ... the absolute change in time and change in price of the move -then pinching/expanding the y axis til the circles look the same/disappear into each other. (start them from the same place) LOCK YOUR CHART
2. copy and paste that circle and do different multiples and fit visually...this is the 6.854 (1.618 x 1.618 x 1.618 x 1.618) . try other fib multiples/square roots/whatever you fancy (pi, euler, regular ol numbers)
3. confluence = cycles in alignment
one thing i have to be careful with is thinking these are prescriptive...these are the same as any support/resistance/trendlines. can break and retest. but they are similarly magnetic where price will tend toward them
short term bear bias here because it's in bear harmonic zone - antishark/anticypher
learning:
michael s jenkins
bradley f cowan
the devil is in the details (lines tangent to circles)my last idea was playing with price action dancing along the arcs of the circles created from time and its multiples and placed to recent bottoms
here i'm looking at drawing horizontal lines tangent to the circles...aka at the bottom-most point of the circle aka where a move of the same "distance" (considering price chart as a unitless chart, like a math problem) has the lowest price aka the limit
and drew the lines much thinner bc vision is the price we pay for precision (idk why the lines look tangent until i publish, then there's an offset? @TradingView?)
here we are at the 4.236 or 4.618ish which as the TV default fib settings will tell you are important levels (1.618 ^ 3 or that plus .382)
ongoing questions:
1. arcs vs horizontal tangents vs sloped tangents, or some combination of these, each having a specific meaning (what are these meanings)
2. placement: best-fit? first two bottoms? two most recent bottoms? first and last bottoms?
3. time projection using same method (but from price instead of time)...do the same circles/vertical tangent lines call time of reversals? i'm guessing different circles, unless you find the random scale that works for both, aka not like here where i've been doing whatever neat multiple or factor of 10 looks best (1:100, 1:1000, 1:0.1 etc) because that is easiest to conceptualize with leftbrain...it would be whatever scale makes the move look the most square. this would vary according to TF as well. this is what i mean when i say pricetime but i'm guessing this would be messy and not constant (perhaps being affected by position of observer aka scale, like a camera flying around a chart)...like a funhouse mirror
wen class on perspective drawing
michael s jenkins
bradley f cowan
shapes = leading indicator
don't hate; hydrate
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.
SQ: Sell Zone is 170 -176SQ is forming a leading diagonal off the lows. The bottom is in for the near term, and price should head up to the sell zone at the 170-176 region. After that, price will pull back for 4-8 weeks to about the 110-120 level before beginning the big move up during W-3. Since W-3 topped at the 1.0 extension, I am targeting the 1.382 extension for W-5.
Square | SQ | Short to SupportSquare ( NYSE:SQ ) may not be done its decline in the coming weeks. It currently sits in a falling wedge formation. After an earnings beat on February 24th, retail jumped back in, but the gap-up was quickly filled 8 days later. It continues to show signs of weakness. Last dip to $82.72 may not be the near-term bottom. If Square continues its decline, true support may be in the $70s (or much lower).
A continued break through the falling wedge's resistance and above the 50 EMA (yellow line) will nullify this thesis.
Block Breaking Higher? Block - Short Term - We look to Buy at 128.09 (stop at 115.10)
Preferred trade is to buy on dips. 50 1day EMA is at 124.21. Previous resistance at 130.00 now becomes support. 5 positive daily performances in succession. There is scope for mild selling at the open but losses should be limited.
Our profit targets will be 168.31 and 185.19
Resistance: 150.00 / 170.00 / 200.00
Support: 130.00 / 100.00 / 83.00
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