If history repeats, we should reach out to 618 (25k). From there could double bottom like in 15/16 (doubtful). Strong chance we reach 1.618 (mid 16k) where we also have gann support. If that fails we should visit 2.618 range (11-12k) where we also have gann support.
Major Gann support just below us that bears will not crack. Stiff res 6,8-7k range. Its go time for BTC. One week of sideways max. Need to ride the 1/1 through major res. We cant afford to lose it until we've pushed above 8,5.
ETHBTC finally in the accumulation zone. Could go as low as .0237 and give us a double bottom. Got a bounce off the ATL Gann 8/1 and currently on the 8/1 from opening day low. Prob too soon to go long if you're trying to find bottom, but it appears to be in the desert phase.
Quick tutorial on how to scale your charts. This was a massive pain in the neck for me for awhile , and I'm sure it has caused many to either not use the Gann method or to use the method incorrectly. Stumbled upon @MagnusTradingGroup post back in the day but made some minor adjustments to their method regarding the rectangle set up. Good luck!
Hourly TF so its not 100% accurate, but it gives the general idea. Shorts increasing with price indicates buying of own shorts. Closing position creates price spike, but occasionally they are closing shorts into their own sells. Very hard to track all the movement but I have the bulk of it shown here . They are still acquiring positions but that has slowed...
Simple Gann Chart. Eliminated some of the uninvolved minor lines for clarity.
Just a Gann Chart for anyone that's interested. ADA looking good long term though.
Lots of wedges, but which side will win?
Nano has faced one of the biggest corrections in the market, but it COULD be entering into the second half of the cup. This is a long-term play but if they get a fiat gateway I don't think there will be a stronger coin in the next 6 months. Just a guess but the chart shows it all.
Well its been a rough few months for Nano, but she looks like she may have found bottom and is starting to consolidate. Volume is finally starting to come in, if ever so slightly. All indicators trending up for the first time in ages. BTC is still at a pivotal point, but if it manages to break through 6800 and 7k nano could have a strong couple weeks ahead. If...
Just a long term view on BTC action. As you can see, it is working its way down to the middle of the Keltner channel after constantly being rejected by the downtrend line. Could obviously reverse at any point, but it is likely to meet the uptrend line at some point. We do NOT want to see it fall through the bottom of Keltner as that would be BAD news. It rode...
Looking to retest X @ .021890 and possibly the down trend line. Sitting just above the .786 in the usd chart as well. If it doesn't hold here then the next stop will be in the .015 BTC range or 150s in USD.