Gann Fan
Bitcoin weekly chart goes bullish! 2023 and beyond...For the first time since March 2022, Bitcoin has moved into the bullish zone on the RSI
honestly, a year ago it was not long in this zone but its still a marker, never the less
who knows if the bottom is in but looks good for now with current moves toward higher prices
very good move but unsure how long it can sustain with correction, certainly time to set you stop losses if bought in recently
BNBUSD 14 JANUARY 2023 1030hrsHit a more selling in that previous supply zone (zoom out and its clear as day). Exactly what you would expect. The CO is taking profits (Sell high, buy low). The CO is a bot. A state of the art, industrial level, multi-million dollar trading bot. He doesnt need to eat, sleep. use the bathroom. He never complains and he doesnt care about anyones politics. The CO is here to win and take every last penny of the impatient retail trader.
Waiting to see hpw far it comes down so we can get in a bargain prices before the next up move.
Bitcoin may fall below $10,000If Gannfan scenario is true, Bitcoin may fall below $10,000. Take a look at Bitcoin's historical performance based on Gennfan:
Cycle 1:
At the top, BTC touched 1/8 of the gannfan and broke down 1/4 at the bottom
Cycle 2:
At the top, BTC touched 1/4 of the gannfan and broke down 1/3 at the bottom
Cycle 3:
At the top, BTC touched 1/3 of the gannfan and broke down 1/2 at the bottom
According to this scenario, Bitcoin will break down 1/2 of the Genfan, and this will require a price drop below $10,000.
Bitcoin will drop to the market bottom in the next 2-3 monthsBased on the Fibonacci channel, Fibonacci Time zone, trend-based Fib time, and Genfan, which all converge in the next 2-3 months around the price of $12,000-14,000, we can consider the hypothesis that Bitcoin will reach the bottom of this cycle in the next 2-3 months. and from this point, the return will happen gradually
Be careful to trade, use M5. Big liquidity every 6 hoursThis month was very bullish, but its volatility is terribly high due to economic uncertainty
Probably could extend until the mid of 2024, could worsen at around March after bad news release
Use pending orders instead of direct orders.
And watch your chart at 5 minute timeframe
Gold still maintain bullish probably until March 9 or March 12
Wait until its retracement at 1850.7 then go long all the way in.
FOMC minute will be held in less than 12 hours, i predict GOLD will go at least 1870
Check the volatility with Volume Flow v6 Indicators, my timezone is in GMT+7
I found that GOLD kinda have liquidity injection every 6 hours
either in buyer side or seller side, you can check it in my analysis..
so whenever that injection coming the market always getting really fast, 1 minute late and you can lose 10 pips for nothing
The reason why i suggest you guys to buy full margin previously is because this bullish trend could last up to 5 months from the start
Cheers, H. Haidar
Till the timeTill the time IDEA is above this lower green line, for me "sab changa si". Can do wonders like my previous posts. Expecting a master blaster rally within next 2 weeks.
And as always, this one is not for investment, consult your financial advisor before making any investment. lastly market me risk v apna aur Ishq v apna.
Gann fan: target $ 12,000The diagram is drawn based on Gannfan and Pithfan. In the past cycles, the Gann fan ratios have been the support trendline for Bitcoin. Bitcoin's support target seems to be 1/2 Gann fan. According to GannFan, PitchFan, Fibonacci Retracement, as well as the halving date, the possible target and support area of Bitcoin is plotted
Gann fan: target $ 12,000The diagram is drawn based on Gannfan and Pithfan. In the past cycles, the Gann fan ratios have been the support trendline for Bitcoin. Bitcoin's support target seems to be 1/2 Gann fan. According to GannFan, PitchFan, Fibonacci Retracement, as well as the halving date, the possible target and support area of Bitcoin is plotted
GBPUSD - SHORTConsider the formation of South Impulse from Major Resistance Level. Sell on a false breakout! The target is Major Support Level.
GBPUSD - SHORT
ENTRY PRICE - 1.14700
SL - 1.16600
TP - 1.08400
Always follow the 6 Golden Rules of Money Management:
1. Protect your gains and never enter into a position without setting a stop loss.
2. Always trade with a Risk-Reward Ratio of 1 to 1.5 or better.
3. Never over-leverage your account.
4. Accept your losses, move on to the next trade and trust the software.
5. Make realistic goals that can be achieved within reason.
6. Always trade with money you can afford to lose.
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Have a nice day!
Weekly candle to close red suggesting trend continuation
Gann Square, the built-in smart tool of TradingView, is provided with many fans and arcs. Every single one of them, if properly plotted, is considered to serve as S & R. Not to mention their crosspoints.
In this chart, I applied it so that only the strong movements (progressive waves in the E.W. Theory) in the trend direction penetrate the arcs and the crosspoints.
So if the weekly candle closes red, the arc resistance is confirmed together with the trendlines, making any upside to mark HH more difficult (implying a continued downtrend).
Let's check this scenario.
Although this is not textbook theory but my empirical analysis, the light-green shaded zones act as resistance zones like the Ichimoku cloud.
Considered in conjunction with the low of 17600, we would see a large or small rebound there.
However, a move beyond 25k, especially over 28k, within one or two weeks is almost unlikely, given the overhead crosspoints and the likely continued macro downtrend.
Gan Fan 1 x1 (thick black) may serve as support. Watch 16500 if 17600 support is lost.
$BTC Heikin ashi + gann fan + levels for downtrendBTC looks to be topping soon, on a break of 1/1 which I think is likely in April. To help judge important levels to the downside, I created this chart with a Gann Fan and important levels of support/resistance.
If we break the 2/1 level after the 1/1 level, then the 8/1 level is in play. Those will be important levels to watch in the coming months.