The Price has broken to the right of the red 2/1 line, which means that it is BEARISH. However, the price can go sideways, and move UP to hit stops and liquidate high leverage traders. LONG TRADES SHOULD NOT BE TAKEN IF THE PRICE BREAKS ABOVE THE RED 2/1 = STILL BEARISH AND IT WOULD BE BETTER TO WAIT ON THE SIDELINES SHORT TRADES should be treated as 1...
This is an update to my previous idea which is still in play Larger T.F move: The price is still approaching the red 2/1 from the pivot low. Below this line = Bearish. HOWEVER, a WICK and bounce is possible at this RED 2/1 line. The best short trades will come after this Red 2/1 line becomes proven as resistance - what to look for? A candle open...
As i said to my members - "If BTC is below 7685 on Monday (most likely will be) I will expect it to launch between December 5th-7th. I use a lot of numerology in my technical analysis . I use a unique S/R system, which leads me to believe BTC will dip back down to the 6k region before a potential move up to 9k. If you look at the chart in which I...
Update: I had to redraw my Gann Fan. Mobile tradingview always messes up my charts. The red 2/1 has been readjusted. The price is approaching the red 2/1 from the pivot low. Below this line = Bearish. Today’s RANGE (chop zone): 7556-7241 SUPPORT above 7556 = long BROKEN SUPPORT of 7241 = short The 7232 area is a heavy chop zone All trades should be treated as...
SUPPORT ESTABLISHED ABOVE 7990 = LONG THE PRICE IS IN A SCAM RANGE AND WILL REMAIN THERE FOR THE WEEKEND. I AM EXPECTING THE SAME KIND OF CHOP AS IN THE LEFT CIRCLED AREA. I WILL WAIT UNTIL THE PRICE FALLS BELOW THE RED 2/1 FROM THE PIVOT LOW (circled in red) TO ENTER A SHORT POSITION UNLESS SUPPORT IS BUILT AT 7990, I WILL NOT LONG. BEST SHORTS WILL BE WHEN...
Price WICKED back up. For future trades, I must wait for the candle to close below the red 2/1. This is currently no trade for me. I do not long once the price is below the blue 1/1.,
Follow up to my previous idea. Price broke below red 2/1. I have taken a short position. Looking for a new pivot low