Gann
BTC correction support and resistance
BTC had reached the top based on the two lows on 21-Nov-2022 and 11-Mar-2024.
If we use the price 15,476 as a reference to project an angle 3 x 15.476 ~= 46.44 degree (you may also use a 45 degree), as well, using the price 38,555 to project 1.5 x 38.555 ~= 57.83 degree, they both formed a major resistance of this BTC swing. We may find support at levels using 2x and 1x the angles projected from the 2 BTC low on the chart.
Astrological tradingIf you heard the words "santa's rally" and "this is like 2016", you now know why.
We will look at Saturn and Jupiter hours: 6,7,18,19 UTC. Mars hours: 8,20. It's literally that easy. I feel like doing t.a. tomorrow will be irrelevant to be honest. I expect extreme volatility so you might want to check the weather forecast section for the exact intraday cycles of price, along with the time pivots provided above.
NAS100US- NQ- Scalping- LongBased on Friday’s price action, the Nasdaq has a scalping opportunity on the long side. This setup is contingent on the price accepting above the identified zone, which could indicate a short-term upward move ideal for scalpers. You need to see Confirmations.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Scalping and trading carry significant risks, including the potential for substantial losses. Always exercise caution and trade responsibly.
Gann Analysis for FTX Token (FTT/USDT) on a Daily TimeframeHello Dear Traders,
Long Term Cycle Target = 9
More Details:
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### **1. Overview of the Chart**
- **Asset:** FTX Token (FTT) against Tether (USDT).
- **Timeframe:** Daily.
- **Gann Levels and Geometry:** The chart shows a Gann square configuration with critical price and time intersections, highlighting significant support and resistance zones.
---
### **2. Key Observations**
1. **Current Price:** **3.2805 USDT** (up by **10.45%**).
2. **Major Levels Based on Gann Angles:**
- **0° = 1 USDT:** A strong foundational support level.
- **45° = 1.5625 USDT:** Intermediate support; historically relevant.
- **90° = 2.25 USDT:** Another significant support area, which has held well during recent price action.
- **180° = 4 USDT:** A critical resistance level that may act as a near-term target for bulls.
- **225° = 5.0625 USDT:** Resistance on the mid-term horizon.
- **360° = 9 USDT:** A long-term bullish target if momentum sustains.
3. **Price Interaction with Gann Levels:**
- The price has recently bounced off the **90° level (2.25 USDT)** and is heading towards the **180° level (4 USDT)**.
- Gann diagonals (green and pink lines) indicate potential reversal zones depending on their intersection with price action.
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### **3. Scenarios and Predictions**
#### **Bullish Scenario:**
- **Condition:** A strong breakout above **180° = 4 USDT**, confirmed by sustained price action and volume.
- **Targets:**
- **First Target:** **225° = 5.0625 USDT.**
- **Second Target:** **315° = 7.5625 USDT.**
#### **Bearish Scenario:**
- **Condition:** A rejection at the **180° resistance** and a breakdown below **90° = 2.25 USDT.**
- **Targets:**
- **First Target:** **45° = 1.5625 USDT.**
- **Second Target:** **0° = 1 USDT.**
---
### **4. Recommendations**
- **Short-Term Traders:**
- Look for bullish confirmation if the price breaches **4 USDT.**
- Set stop-loss levels slightly below **90° = 2.25 USDT** to minimize downside risks.
- **Long-Term Investors:**
- Monitor the interaction at **180° and 225° levels**.
- Accumulate cautiously near support zones like **90° or 45° levels** for a favorable risk-to-reward ratio.
BTCUSD It's time to dump what you have while it's still profitabWhat to do and where to run to?
Friends, don't forget to click like 🚀 under the idea, it's important.
Divergence in trading is a multidirectional movement of the price chart and indicator. On the chart, the price of an asset moves in one direction, while the technical indicator that follows it moves in the opposite direction.
Divergence warns that the current price trend may weaken and in some cases may lead to a change in price direction.
In this case, we observe a double bearish divergence on the 1D timeframe. This is a powerful correction signal. All traders see it, which will logically lead to fixing positions or opening shorts.
What will happen next?
Two main scenarios now:
1. Sellers are active and as a consequence - local correction and sideways from current values.
2. Sellers are active, but the market maker is pushing prices higher and removing sellers' stops. This will lead to a triple divergence and will further strengthen the selling. As a result - a powerful correction and trading at the lower levels.
At the moment, both scenarios have equal priority and the decision will be determined by the balance of power in the moment. The scales of the market maker may tip to either side.
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XAUUSD #008 ( Form a reversal pattern for another bullish rally)Hello dear traders.
Good days.
First of all thanks for your support and comments.
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Gold on daily Gann Square start bearish phase with confirmation.
Expected to decline to 0.382 0.5 Gann Box fib level .
With ABCD reversal pattern it will start last bullish rally up to 3200-3400 $.
Good luck and safe trades
Wipro stock intraday forecast on December 24, 2024Wipro stock may experience intraday bearishness, with key support levels at ₹303 and ₹299.50 in the cash market. Real-time price fluctuations could cause variations, as gap movements are not factored into these levels.
This information is only for educational purposes.