geometricThinking

geometricThinking Updated  Aug 6, 2020

imho, its time to take money off the table after that nice rally. Price has been stopped by arc resistance and we are fast approaching an energy point in time. A close above the recent high would be a good place to consider this advice mistaken. If going short, a stop above the recent high would make sense. Happy Trading.

geometricThinking Apr 13, 2016

A major correction in ETHXBT recently completed. It was either a wave 2 or a wave 4, by definition. EW theory says that wave 4 CAN NOT overlap wave 1. But the correction, (in ETHXBT, NOT ETHUSD) overlapped the top of wave 1. Ipso facto, the ETHXBT chart is saying that in that particular market, the correction was a wave 2, and that therefore, a wave 3 has...

geometricThinking Apr 10, 2016

This is a 8 hr chart with bear setup from the 2014 high. As you can see we are ~ 1 week from hitting the 5th arc. The5th arc USUALLY puts an end to a setup. In this case though, note that the triangle from the 2015 high is almost impossible to compress further. It will break out one way or the other SOON . Given the 5th arc's proximity, my guess is that...

geometricThinking Mar 16, 2016

I haven't published any charts in a while. Thought this market needs exposure. I see a dozen different reasons in this chart to think ETHXBT is looking like a great trading opportunity. Happy Trading.

geometricThinking Dec 8, 2014

The market is breaking down.

geometricThinking Nov 22, 2014

There are a few different Gann square setups on the weekly chart that are "defensible". Hard to say which is "correct", given the sharp drop at the very start of the bear. I am inclined to think that this is the operative setup - time will tell pretty soon. We hit the bottom of the 5th square just a few weeks back. More importantly, we will be exiting out...

geometricThinking Nov 20, 2014

BTC will make a decision within the next bar or two, probably. My bet is that it will break down. We will see....

geometricThinking Nov 13, 2014

looks like a long opportunity is upon us...

geometricThinking Nov 7, 2014

This may be new to many traders who do not know how to use a Gann square. Those who use the tool will recognize the significance of this chart immediately. The long term weekly (72 bar) bear setup shows price is now heading straight up to the top of the 1st square. There it will surely find formidable resistance. This alone would suggest that the dollar is...

geometricThinking Nov 6, 2014

When/if we get a close below the blue arc, it will be a sell signal. The blue arc price is sitting on is critical support. Aggressive traders might want to short now, as there in a break in the arc, (not confirmed by a close)

geometricThinking Nov 6, 2014

A bounce ought to happen here, imho

geometricThinking Nov 4, 2014

and out of time. Expect a short opportunity soon, probable within the next 1-2 bars on 30 min chart

geometricThinking Nov 4, 2014

The daily chart if at serious resistance, as shown. The 30min chart, (not shown) suggests that a likely turn of events might begin ~ 12 hours from now.

geometricThinking Nov 3, 2014

forecasting a move ~ .86 in next 16 hours or so

geometricThinking Oct 30, 2014

It looks like the run is going to end soon. Happy trading...

geometricThinking Oct 30, 2014

check the indicated price and time -- soon...

geometricThinking Oct 30, 2014

There are a few reasons to think that a trading opportunity is about to present itself. (short, I suspect, but I will happily reverse if the trade turns out to be long) Happy trading...

geometricThinking Oct 29, 2014

I suspect that a reading opportunity will present itself within the next 1-2 3m min bars. I expect the trade will be on the short side. Happy trading...