See comments on the chart. I find Gann fan amazing to use to look for resistance and support. Even those from previous years are still active and all that I placed in different highs and lows are in harmony. I am thinking if BTC will touch the last line or break it. It breaks the price will go back to 3100. Anyway, before we look further down, I wanted to see if...
look at this 4hr chart closely. From 14k top, see 7200 at .618 and the 10563 on .50 and support at 8941 on .75, diagonal lines are support and resistance and last resistance line is 13331.19. Let's see if if breaks that. if not...... bear. On the background, I have fib speed resistance fan from 2015 and gann fan from top of 20k. amazing to see how that old fib...
I always look at long term view before I look at the short term. This is not for trading but just a guide.
4/1 line of the old Gann fan acted as support for BTC. Will it act as strong support for BTC? I was expecting the 3/1 support line of the Gann FAn from the previous low of 3,100 when BTC broke 9,200 to 9,100 or 2/1 line for the reason that once it breaks, we can expect the price to reach 3/1. In this case, I've realized that the long term Gann Fan acted as...
I am watching this major trendline and Gann Fan for support and resistance.
My target is 67 and 68 before. Now if ever Monero will still not go up I am looking at around 39 or 40. I got it from the difference of the high and lows of the channel ( distance of the channel) of 74 deducted from the recent highest of 113 (may not be exact as I am just looking at the chart price) except if 55 will act as a support to bounce from. The lowest...
If this is forming 3 peaks and a doomed house, then I guess then 2018 is just the first peak that consolidated then down at the last dip and we can look forward to another 2 peaks composed of 3 peaks before doomed house. This is just a bigger view and not for trading purpose.
I believe LTC will go up from here. 42 ia my target amount to buy. It was from my pattern computation months ago and if you look at daily, weekly and monthly is so oversold
The lowest line of Gann Fan is acting as a strong support for BTC. If ever BTC will fall from the lowest line, I am looking at my base line of $5700 something and that is if it breaks the other support. They will shake us to leave our positions. We mostly hear some TA saying to cut loss at 6K or 5,900. do you want to sell at those prices only to go up from 5,700...
MY PREVIOUS ANALYSIS OF BTC IS GANN FAN LASTS LINE ACTING AS STRONG SUPPORT AND IF EVER IF FALL FROM IT, I AM THINKING THAT IT MIGHT BE UP TO THE BASELINE OF 5761. MY CHART HAD FULL OF LINES BUT I LIKE IT THAT WAY. ONE OF THE TRENDLINE ACTED AS SUPPORT AT
BTC went up but fell quickly. if it wont fall below the diagonal support line if may still have a chance to go up by forming another traingle
MONERO is like my chart of BTC and hasn't fallen from the Gann Fan line yet and still holding strong. If ever it will reach the last line of the fan it's around 89 and it BTC thinking that if BTC will fall up to 6K or 5,900 Monero might reach around 68 or 69. So far BTC is last gann fan line is acting as a strong support. If it will break I'm looking at the base...
If tron will respect those resistance line above. expect them to fall and go up and down the small channel or even the bigger channel on long term. If tron will break out from those lines above, maybe it will continue to go up and retrace. Also depends on BTC. If breaking out doesn't resume , then it could be a false break out. Watch out for other indicators too....
From a smaller view. it made me think that XRP is only halfway going up from the last shoot up. I checked out the trend or channel from where it broke out. Tried to check the bigger channel and saw that it hasn't really gone out yet. Check for the next photo below.
I'm a newbie and I need opinions. I placed 3 Gann Fans. One from the 200 area which the lowest of 5900 or 5.800 respected. I also placed one on top and one on the lowest this year. The one from 200 and the lowest this year is in almost same line with the price now with some variance when it goes further to the right. Are we going to climb from here?
The way I see BTC is it can go up and down the smaller channel but since it's upward channel there is a possibility that it might break down from it and if it does, computation of minimum fall is minus 969 from the price where it breaks out the lower line of the small channel. 6,112.5, 5865.5 and 5761 will still act as support though. Before we can say BTC will...
LTC I want to see you go up but it seems that you are going down. Hope we could even see you reach 75 before you go down from your channel. ;-) Try to reach that upper green line please. ;-)