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FAN

SPX critical situation As you can see on the image the market now is testing the 1/2 Gann Fan. If the price had to broke this level the situation will become critical. The 2540 level is important because if the price will go down the main trend for this market change from bull to bear. In this case first target can be 2350 and i think i will go short. If the market reject this idea i will update my analysis trying to find new buy&sell points. Next targets will update in future.
SP:SPX
by LucaGhidinelli
4
BTC Magic 3 DROP inc.? Riding the Fan-Waves! Hey tradomaniacas, it`s been a long time since I`ve published an idea for the cryptomarket because it seemed like Bitcoin`s biggest hobby is to destroy every TA-Idea we have in short-term. Now I`m getting concerned about the current situation that shows more and more weakness and could head to the long expected drop towards 3.000,-! Bitcoin likes to ride the FAN-Resistance-Levels, fails at the 200 Moving Avera and is not able to reate new highs. The magic 3 rule is one of my favourite strategies to trade Breakouts in the Forex / Stock-market. Does that work with Bitcoin aswell? We will see. Just wanted to share my worries / or good chances for a nice short momentum? Stay cool, don`t panic and have a plan for all scenarios. ;-) Cheers and good trades Irasor
BITFINEX:BTCUSDShort
by Trading2ez
Monero Reversal Coming SoonMonero about to touch longer term support; expect it to bounce around 0.013 BTC -0.09% . Bullish divergence on the RSI as well as increasing volume agrees with this prediction. Price target is the outlined blue resistance line, corresponding to the third fan line. If it breaks this line, next target is the upper red resistance line. If it is rejected at the blue line, expect the next attempt to push through to the upper red line. These movements should also correspond nicely to Kovri updates, hopefully encouraging some price action.
XLong
by green_brow
BTCUSD Rally PotentialI wanted to see just how close we might be to my AI's 20,30k BTC predictions. It has been predicting a massive rally to the mid $20,000's for a month or so now so I figured I'd do a bit of charting for once. I decided to us Gann Fans since I know that BTC respects them quite well. I didn't realize just how true that was going to be zoomed out on the current BTCUSD chart. I used three Gann Fans to provide not only confluence between them and my AI but between each-other. I could have drawn fans from since the descent but it was unnecessary in this scenario and they indeed did match up with previous trends and with each-other. As you can see, the rally potential here is tremendous. The 1/1 lines are out in space. Even if I had drawn them closer, the upside distance is still relatively similar (I tried it). I also loaded up my EMA Target & Trigger indicator to see what our probabilities are looking like. A nice trigger and cross up would do it. Of course we could visit the bottom of the pennant first so in no way am I discounting that but I doubt very much that we will break to the downside. I'm not going to go on about astrology and all that as I doubt it holds much merit. I'm only at all concerned with the ratios and angles which Gann very much got right. I can't wait to see what the near future holds for this chart. We're about to break out of this pennant and/or handle and/or wedge. EOS can come too.
BITFINEX:BTCUSDLong
by TensorTom
1