Hi Swing Analysis according to G.W.T. are the best in predicting next swing direction. Price by its self will show us where need to go. Going from Daily trough H4 down to one-hour chart you can very easy see how clear and simple is to predict direction of the next swing and trend direction. Also pay attention to Momentum – power behind price movements. No...
Morning, Price is slowly rising as per our analysis. Momentum don’t have enough strength to move price faster and higher. As soon as price will pass level of 6764.00 we will be on clear path to higher high. Chart H1 with more details: cheers, Jim
Hi, Price just completed another matrix. Now we are looking on market vibration getting weaker and we should expect to end triangle. Momentum remain very strong in upside. Look like we should experience price rising higher. Tomorrow pay attention to the price going higher over 0.66 retracement level, this will be indication that uptrend will continue. Let’s...
Hi, Last analysis was based on daily chart with strange swings behavior. Tonight, we are on H4 chart. Red vertical line was marked on previous published idea’s – represents projected reversal and as you can see reversal shows up on next candlestick after red vertical line. Momentum start building up to the upper side. Price slowly rising just cross blue TL and...
hi, I never believed in using moon phases with trading, but we can see there is relationship between moon phases and price pivot points. Is it that strange? Cheers Jim
Hi Take a look my previous published idea You will understand dilemma that we are facing right now with Bitcoin. According to G.W.T. price must make changes in three swings (first primary swing, second swing and second primary swing). What we have on Bitcoin daily chart is a series of dual swings. There is no matrix formation at all for very long time. I did...
Hi I have become interesting with WTI Oil chart. Similar situation you can observe on Bitcoin chart but on the opposite site of the chart. According to GWT (shown analysis are based on it) price must make three swing: first primary swing, secondary swing and second primary swing. But what we see on the chart are formations of only two swing. They become smaller...
You can feel rising tension on Bitcoin. Which direction price with explode from triangle? One on the best method to define early price explosion is to use Alligator. It is simple but very reliable indicator. All three balance lines are getting closer to each other – Alligator is going to sleep. But when he weak up he become very hungry and will chase the price...
Morning, Let’s take a look first on daily chart. All swing is pointing into descending direction. Look like price is in very important point of over all movements. Price is flirting with 50% of the red channel. At this time few candles that making sort of micro price rising movements can’t be use as correction – it’s not strong enough. JPS confirms...
Hi, If you use simple tools or techniques for technical analysis trading become enjoyable job. Price did respect median line (50% of the channel) and makes reverse. Andrews told us that price will bounce from 50% Median Line 80% of the time. Also you can see magenta vertical line which was mark three days ago. This was indication where potentially price will...
Hi Traders Let’s look from different angle by using channels. I like Pitchfork on those charts. You have so many possibilities to setup and use. Pitchfork is divided in four zones (25% each). Top and bottom we use for open or close position – extreme reversal points, remaining two use for monitoring price changes in progress. Last declining swing just stop on...
Morning Traders Last night We did analysis for Bitcoin using channels. We will do the same with Gold. I think that channels are more visible to the human eye. Green rising channel shows three cycles, this is what Japanese traders are talking about indicated by blue circles. Very often at the end of the third cycle we usually we can expect some kind of price...
Hello Traders I think is the time to get overall picture where we stand with Bitcoin. We will start with daily chart. Swings are getting smaller and more frequent. You can notice that candlesticks getting smaller. This is indication that momentum struggling to build up speed and strength. Look like are barely archiving our targets. Last swing is built on...
Hello Traders Bitcoin stuck for the passed 62 candles around 6538.5 resistance level. Momentum do not have enough strength to push price over that level. Last three candles are remained above trend line, either price will return bellow trend line or rising momentum will push price higher to 6689.4 and to the next level of 7032.9. We are in downtrend. Rising...
Hello Traders, My apology for lock of audio on previous recording,. this on is correct. cheers, Jim