NANOBTC Fan Idea on the DailyA rough idea using the Fan Principle on the Daily NANOBTC market. The downtrend since 04 May has followed the first fan line down quite well, I would expect a move back up to test the second fan line with a break through that and then a draw back followed by a reversal of the overall downtrend.
FAN
ZCASH Where can it go?Even that's true it has a lot of resistance, it has a good F.A too, so here you can see how it broke out the first downtrend resistance since it's ATH, now it has already touched 2nd resistance and is pivoting in the ascending trend line giving us a good Entry point. I used Gana Fan to stablished some resistance lines, and it is currently below the 2/1 level.
RSI is in oversold area at 1hrs Chart, and in the daily is close to the bottom so I expect a bounce somewhere around 200-220$.
In the Long Term it has a lot of resistances making the major one at 350$ at the moment. So for me is just about time to make it happen.
Play safe!
Bitcoin Moon Gann Fan Study Says "Maybe"Still struggling to break to a into a positive Gann fan channel using the lows from current rally. It's in the 2/1 channel from the pinnacle downtrend fan, but that's pretty weak sauce really.
Enjoy.. this chart is created on a UWQLED screen and doesn't translate well to normal 4k proportions but I'll try to drop an image that size below.
ETHUSD - Could Be This Be Moment ETH Separates from BTC Pattern?Doubtful..a convergence of negativity is happening.
DESICION TIME FOR LITECOINGOOD MOVES BY COINBASE:LTCUSD
ANY UPWARDS BREAK MIGHT PUSH HIGHER HIGHS, DOWNSIDE DOESN'T LOOK BRIGHT
DON'T JUMP IN & GET CHOPPED - PATIENCE IS THE KEY
ETH relations with BTCWhen use Fibonacci, Gann and Pivot points, can find average areas which can be important and been already. Left side Gann Fan and Fibo Fann, show that 0.5&2/1 very important for new Bullish trend, and can wait break 0.75, 0.618 or consolidation around this lines with potential move to new high in weekly trend term.
left down - correlations between ETH&BTC . Look at Nov, when BTC had god rally , ETH went down.
*Right side. Fibonacci and Pivot points. On previous Bearish trend seance June 13, 2017 to 8 Dec 2017 drawing Fibo, and make accent on - 50%,61%,78%. Price break 50% and 61% and 78% will be last block post on the way to new up-high.
New Bullish Fibo lines, show potential support price-line where we can expect reflection or break-down. Use them together with weekly Pivot points, can double the most impotrant point to watch and make own trading plan.
in my opinion MOST important to watch if price will come in to BLUE rectangle 0.095.-0.085. There is 23% fibo, Pivot, old fibo 50%,and *left* 0.75, 0.618 Fibo fan.
Bitcoin BTC Fibronacci Technical AnalysisThis analysis is a "Fib.-trifecta" combining a retracement, fan and spirals.
I actually had to calculate the next Fib. level by hand. I don't think trading is usually this extreme, but hey, this is crypto!
If we break current support, the next support level should be aound 7,200 with a likely range of 6850 - 7,540 per the Bitfinex pricing.
If this happens, I think this will be the end of this very strong correction and we should get a major bounce up and out of this falling wedge.
Let's see what the King has in store for us this weekend.
TRX: Fan speedlines and channels.This is just an update about TRXBTC and my view about it.
Here we've got a major growth channel (yellow lines) and a minor decay channel (white lines) - the thing is: we are inside both. I've applied fan lines where its channel lines origin (zoom out and you can see it) to see the speedlines. That's how it goes: if the 1/2 uptrend fan speedline have been broken, it'll go up, if the 1/1 uptrend fan speedline have been broken, down we'll go. Same logic to the downtrend fan speedlines.
Interesting enough, both 1/2 and 2/1 couldn't be broke in this downtrend (it broke the 1/2 in the uptrend but it has stopped at the 1/3!). Right now here going towards the 1/1 speedline and at this rate we'll reach it @ 540 satoshis so set your stop-loss there.
If it bounces, we'll retest the 2/1 speedline. If it doesn't... well, I don't need to say it :(
Hard times these days. Trade safe!
VENBTC: New targets (+68.9% profit)** If you haven't seen my last TA of VENBTC, please do **
My target of VENBTC was 64480 satoshis and guess what? It was hit! And now what's next for this promising coin?
I'm liking these fans analysis, it seems to predict alright. On top of that, we are in a pretty nice Elliot Impulse Wave and if you look closely, the end of wave 3 was almost on top of 1/2 fan speedline so my target for the end of wave 5 is exactly on top of this 1/2 fan speedline @ 108130 satoshis.
REMEMBER: VENBTC broke every resistance there was. Tip: every resistance line broken is now a support line so be cautious if it breaks down.
Trade safe.
ETHUSD - Trend Analysis + Gann Fan (SHORT)Given recent indications and the given trends, I expect ETH to correct to anywhere as low as 860 ONLY if we break 1045.
If we don't break 1045, we could quite possibly moon again, however this is incredibly unlikely due to how overbought the market is at the moment.
Trade cautiously!
Forecasting NiftyForecasting the NIFTY according to timing cycles.
Publish date: Jan 4th 2018 - Forecasts have accuracy of +/- 1 day.
DEC 5 LOW
DEC 11/12 HIGH
DEC 18 LOW
DEC 26 HIGH
DEC 30 LOW
JAN 6-8 HIGH
JAN 12 LOW
JAN 22 HIGH
JAN 27 LOW
FEB 2 HIGH
FEB 3 LOW
FEB 8 HIGH
FEB 14/16 LOW
FEB 20 HIGH
FEB 27 LOW
Be careful around weekend forecasts, turns can come before/after the day itself.
Turns must be validated with forecasted price levels and price action.
Yes, this can be done for any market and timeframe.
XVG - Trend Analysis + Gann Fan (LONG)Alright, so on December 24th I predicted a crash in XVG, which was for the most part correct (despite some minor bulltraps):
However, given some indicators and analysis of the order books, I think it's quite very possible that this is the end of the correction.
We broke a massive supporting trendline , and on top of that we just had a confident 1/1 retracement breakout.
RSI levels looking healthy, and it looks like this is the bull run that many were looking for.
Given the very apparent volatility of this coin, please trade cautiously.
(USING 4 HR CANDLES!)
DASH - Trend Analysis + Gann Fan (LONG)Alright, so DASH got overbought pretty hard in the recent past and we're seeing some of the inevitable correction that comes from that. However, given some indicators and the trends going on, I think that a reversal into a bullish market is very plausible here.
Wait until we break the resistance trend line before we consider a bull market!
Happy trading!
EDG - Trend Analysis + Gann Fan (LONG)Alright, so EDG had a massive pump in the recent past and we saw a correction in the market from this price spike. However, based on some indications I believe that the correction is (for the most part) over and that we'll see a massive upsurge once again.
For those thinking about making a position, I suggest that you place a sizable buffer before you consider a 1/1 retracement breakout!
Happy trading!
IOTA Gann Fan + Trend Analysis - SHORTIOTA was Overbought twice in a short period of time. There will be heavy volatility in the near future, and market consolidation is to be expected.
Given the current trends, I personally believe that shorting IOTA would be the best choice here. The price is nowhere near a 1/1 retracement, and is showing little signs of a reversal into a bullish trend in the (very) near future.
Also, with all the other coins I took a look at, it looks like a correction is imminent across the board. Be cautious!
I'll take a look back soon to help confirm/deconfirm what is being shown right now, but it's not looking too good.
XVG Gann Fan + Trend Analysis (SHORT)XVG has been heavily overbought in recent past.
I believe if we break certain supporting trend lines, we could see a significant drop-off.
I would wait until we see CLEAR indications of a trend reversal before we take any positions.
Trade cautiously!
ETH SHORT - Gann Fann analysis (Head/Shoulders)Pretty simple and straightforward Gann Fan analysis.
There is very visible resistance in the market. Wait until signs of trend reversal from the right shoulder, then short.
ZECUSD - Trend Analysis + Gann Fan + Head/Shoulders (SHORT)Not lookin' too good for ZCash here.
Very clear bearish trends. Not even close to the 1/1 retracement angle to be considered at all bullish.
ZCash was overbought heavily at numerous points in recent history, and ZEC is still fighting the inevitable correction.
The uptrend wave on the right shoulder is a bulltrap, and that we're going to see ZCash heavily in the red in the near future.
Trade cautiously!
BCH Elliot Wave + Gann Fan - (LONG)I took a look at BTC over the past couple days and I felt that there would continue to be a correction in the market (which is what happened today), and I've advocating shorting BTC:
BCH took a huge hit the same time BTC did, but honestly that was to be expected. Besides the massive crash that took place, BCH and BTC appear to be competing coins with their gains and losses inverse to each other.
Taking a look at BCH, it appears that the correction is starting to come to a resolution and that we are going to see an upsurge in the near future.
LTC Elliot Wave - SHORTLooks like altcoins are about to take on some water in the near future. It's not only LTC, but multiple other coins I've taken a look at are showing signs of a sell-off in the VERY near future.
Textbook Elliot Wave for LTC at the moment. If you are a bullish trader, I'd highly suggest that you wait for the trend to surpass the 2/1 resistance line WITH a proper buffer to ignore potential noise in the markets before you begin to classify LTC as a "bull-market".
BTC Elliot Wave, SHORTFundamental Elliot Wave on BTC at the moment.
- Wave 2 did not retrace more than 100% of Wave 1
- Wave 3 is not the shortest of the three waves
- Wave 4 did not overlap Wave 1
I think shorting BTC would be a good choice here due to the fact that Elliot wave principle shows a downtrend, and additionally to the Gann Fan the trend failed to breakout of 2/1 multiple times. It's a bulls v. bears market right now, and bears are winning hard.
