FEAR of BTC? let´s think Mr. Alessio Rastani with PRECISE TOOLS
FEAR of BTC? let´s think Mr. Alessio Rastani with PRECISE TOOLS
A friend sent me a vid from Mr. Alessio Rastani, who seems to be a nice guy.
He brings the possibility of BTC not been in a BULL RUN.
So let´s think this possibility with GANN % LEVELS.
I traced A gann levels from the birth price of BTC (ZERO :D) to highest one.
For GANN the MOST important level to DEFINE if a price is in a trend is when it TEST the 50% level.
Right?
Se the falling from 20K.
It went down the 0.666 level. MAde a double top around the .57 level (that in the inner levels between the levels was the .666 area) , so GAVE UP on RE-testing the .666 level TWICE going down the .5 level and testing and GIVING it UP too!
(that was the moment that ANY chance of being just a PULLBACK melted away and the (liquid) CERTAIN of a BEAR TREND came into the scene.
GANN LEVELS are POWERFUL TOOLS! (as you can prove by learning MURREYMATH Logic!)
So it works like this:
the levels from the octave are points of Support and Resistance (S/R) to watch out.
the levels from the Perfect Fifth (0.333 and 0.666) are levels for OR IMPULSION OR RETRACTION.
the ZONES of 0.376 (from the octave) and 0.333 (a SUB-HARMONIC from the fifth) and 0.625 and 0.666 (from the octave and the Fifth itself) are FIGHT ZONES (as the chart show)
SO, if the new insight from Mr Rastani is right (and we SHOULD pay attention to the guy, since has a good track record) what prices we should PAY ATTENTION and use as signals for GETTING OUT of a possible TRAP, or to ADD SHORT contracts to defend positions, etc, etc, etc?
The 50% level is the most CRUCIAL.
the price JUST RETESTED and BROKE UP the 50% level.
NOW the price is testing the 50% level inside the space between the 50% and the 62.5% level.
If it just come down to the small 33.3% at 10790, and gets back UP, great chance to go test the 62.5% level @ 12431.
if NOT, the price you should get worried about is the 8714 (the 50% level in between the bigger 50% (@9945) and the 37.5% (@7459)
So if price BREAKS the inner 50% of the bigger 50%-37.5% at 8714, THEN IT IS A PRICE LEVEL TO START THINKING ABOUT A CONSOLIDATE MARKET OR A BEAR TAKING OVER AGAIN.
NOW if it goes dow the 33.3% level (@6623) then it is a bear... if it bounce back at this 33.3% level, then it is or a consolidation or a WEAK bull run.
watch over these levels!
As always I don´t give signals, but try to share my thinking over the possible price actions.
A friend sent me a vid from Mr. Alessio Rastani, who seems to be a nice guy.
He brings the possibility of BTC not been in a BULL RUN.
So let´s think this possibility with GANN % LEVELS.
I traced A gann levels from the birth price of BTC (ZERO :D) to highest one.
For GANN the MOST important level to DEFINE if a price is in a trend is when it TEST the 50% level.
Right?
Se the falling from 20K.
It went down the 0.666 level. MAde a double top around the .57 level (that in the inner levels between the levels was the .666 area) , so GAVE UP on RE-testing the .666 level TWICE going down the .5 level and testing and GIVING it UP too!
(that was the moment that ANY chance of being just a PULLBACK melted away and the (liquid) CERTAIN of a BEAR TREND came into the scene.
GANN LEVELS are POWERFUL TOOLS! (as you can prove by learning MURREYMATH Logic!)
So it works like this:
the levels from the octave are points of Support and Resistance (S/R) to watch out.
the levels from the Perfect Fifth (0.333 and 0.666) are levels for OR IMPULSION OR RETRACTION.
the ZONES of 0.376 (from the octave) and 0.333 (a SUB-HARMONIC from the fifth) and 0.625 and 0.666 (from the octave and the Fifth itself) are FIGHT ZONES (as the chart show)
SO, if the new insight from Mr Rastani is right (and we SHOULD pay attention to the guy, since has a good track record) what prices we should PAY ATTENTION and use as signals for GETTING OUT of a possible TRAP, or to ADD SHORT contracts to defend positions, etc, etc, etc?
The 50% level is the most CRUCIAL.
the price JUST RETESTED and BROKE UP the 50% level.
NOW the price is testing the 50% level inside the space between the 50% and the 62.5% level.
If it just come down to the small 33.3% at 10790, and gets back UP, great chance to go test the 62.5% level @ 12431.
if NOT, the price you should get worried about is the 8714 (the 50% level in between the bigger 50% (@9945) and the 37.5% (@7459)
So if price BREAKS the inner 50% of the bigger 50%-37.5% at 8714, THEN IT IS A PRICE LEVEL TO START THINKING ABOUT A CONSOLIDATE MARKET OR A BEAR TAKING OVER AGAIN.
NOW if it goes dow the 33.3% level (@6623) then it is a bear... if it bounce back at this 33.3% level, then it is or a consolidation or a WEAK bull run.
watch over these levels!
As always I don´t give signals, but try to share my thinking over the possible price actions.
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