Technical-analysis
Lots of money to be made right now if this is a big ABC correctiIf we are doing a big ABC correction, this analysis shows how it can go down. Gant fans used to help time with major events coming up that can shift sentiment.
2 Gant fans - 1 off ATH's to Dec pivot. another from Dec pivot to 2700 target. Fib targets shown to the left from the 2 big pulls and Fib level (50/100) shown to show our recent reaction off these levels. There is so much confluence to justify a pullback at 2700 which is the 618 from ATHs.
If we were to continue thru straight to 2800 without a B wave, we would have to stay in a very tight channel, leaving no room for an impulse. I don't see this as likely. Lots of people calling for a drop. Lots of people thinking we keep on rolling. I think this analysis is a happy medium, and can surprise a lot of people... which is what we're used to. Lots of money to be made here if we do get a sharp reaction off the 50/100 fib levels.
NatGas Analysis A brief summary of our previous analysis: the level at 2.97$ is a strong support, the cyclical movements of this commodity, makes us think that that the price will return to the area 3.40 before the spring and then continue downwards with target 2.80 / 2.60 $ in the summer. Even from a fundamental point of view we expect a rebound from these areas, as a decrease in temperatures is expected in this second part of winter, favoring a greater consumption of gas. So we recommend a long position with target at 3.4$.
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BTC/USD setting up to break a triangle pattern and move higher! BTC/USD made a clear triangle patter. At the moment price is very close to the top triangle (large grey line) also we have a smaller triangle patter next to this resistance (smaller grey line). Break through it can indicate bigger correction to the upside. Be awere there is still plenty of strong resistance zones above (dotted lines) .
BTC Long Idea (Entry (3950) & Exit (4200) )Entry Price would be the .382 (3970$) and .5 (3930$) Retracement levels and should take about 1 day to reach,
Targets will be the .618 (4200$) & .718 (4250$) extensions and should take about 3 days to hit.
Stop loss should be below the .718 Retracement level (3815$) as wave 3 rarely retraces into wave 1 territory
DIsclaimer: This is not financial advice & I am not a financial advisor, always do your own research.
Bitcoin has not had this occur since Oct 7th, 2017 The daily chart for the Ichimoku system is one of my personal favorites to trade in any market - mainly due to it's powerful and early signals that can coincide with faster changes on the 4 and 8 hour charts. More importantly, the Ichimoku system is a genius and supremely effective tool at trend analysis - especially in regards to prior price behavior. As I was writing in my trading journal and wrote about the proximity of Bitcoin's price to the bottom of the daily cloud, I wondered when the last time we saw the Chikou Span and price both above the cloud to trigger a bullish breakout move. The answer?
October 7th, 2017
What is equally interesting is the number of days. If we count the number of days from October 7th, 2018 (one-year anniversary of the prior daily breakout condition), we get 98-days. Gann wrote about the 90-day cycle being the most important one of the inner year. Of course he was writing about the number of days form an important high or low, but I've found that it is equally important from specific anniversary dates. He also wrote that after a powerful and sustained move, the 90-day cycle can go to 99-days. If, on that next day we see Bitcoin continue to maintain the 4000 value area, that would put price inside the Cloud and in a very ideal setup for a bullish move.
There is also a massive amount of important, powerful and numerous astronomical data that has converged into a small timeframe. These are all bullish in nature and have been indicated by the black vertical lines. The names and dates of that data is below:
Sun Conjunct Pluto – January 9th – January 13th
Saturn Conjunct Sun – December 30th – January 4th
Mars Conjunct Uranus – December 10th – December 17th (exact Dec 13th)
New Moon - Jan 5th
Moon Apogee - Jan 9th
Pluto Aphelion – Jan 13th
Saturn Aphelion – Jan 1st
Sun Perihelion – Jan 2nd
Solar Eclipse - January 5th
Uranus Retrograde - ends January 6th
Long Position For Bitcoin (BTC)Hello everyone, this is my long scenario for btc after the first wave hit the .618 region and completing an ABC correction pattern.
We have very heavy support at the .618 region and if we do break that level this scenario will no longer be valid
If however, we do break the previous high made this month we will likley hit a strong target of 5200ish at around the 1.618 extension level. This is a very good trade in terms of risk-reward.with an almost 4-1 RR setup.
P.S After hitiing the 5200 Range there is two more places we could go Either in a accumulation phase or we could possibly go down to 2,000. I will post more about it when we reach my targets or if we break below 3450.
Ethereum - The longer it takes the bigger it getsThe endless wait might just be over for Ether fans. We can see a strong pull back from 2 levels. 77/45 we have touched 79 once before bouncing off to 90's but slowly retraced back to 80's. This area has strong support and can certainly bring in institutional investors to push ether back up towards 300 range.