Gann Box
The original Gann line.His original book said you must make 45deg line move 1 point a day. (I mean 1p=1usd)
AKA 7points a week on weekly chart.
But how do we adjust it to btc and other thing like futures?
It must be wrong to use 1 point as 45deg on btc.
IDK How we should adjust it. Maybe you guys have good ideas?
Please comment if you have your thoughts.
On the APPL it's two 45deg line and the move 1 point a day. (100 fluctuations or 100ticks)
Maybe we should not look 1usd/1d but 100flu/day ?
$via Viacoin entry signal. 4x potential. The technicals of this chart are amazing; one of the best set ups I've seen in this entire space, and this coin has great fundamentals making it a very profitable time to enter. There is a hidden bullish divergence indicated by the stochastic indicator which gives me confidence that this support at 15400 level is very strong. The momentum indicator indicates a breakout from this humongous descending wedge around 12/14/2017, once we breakout of this wedge we will see a dramatic increase in price and volume. The risk reward ratio is very good, I highly recommend a long entry at these levels.
BTCUSD 1D - New quarterly cycle, long till ~29 November 2018.New quarterly cycle just kicked in from ~20 September 2018 till ~21 September 2019 .
We're going up till ~ 29 November 2018 after that will start going down with the yearly Christmas/new years chaos coming. I expect it to go up around ~ 21 February 2019 again.
Important levels we need to break: ~ 7550 and ~ 9940 after that the bulls are in control.
Draw fib levels on Log chartHey, when using Fib Retracement levels in log chart, their value is calculated according to linear price value, not according to position in a chart, but i found that if u use Fir Channel levels are drawn based on distance between given points.
So to draw long term Fib retracement in a log chart we can use Fib Channel and draw it horizontally.
Bitcoin and Gann's Square of 52 Reversal - Mirrored Foldback?The image you are seeing is a rare (only because not many people use it) and old form of technical analysis from WD 0.07% Gann's work: the Square of 52. The Square of 52 is a 52 week time cycle that begins at an important high or low, in this case the all time high of Bitcoin -5.56% . What we have here is the exact center being traded, and it's at the bottom of a downtrend.
More than that, the mid point in the time cycle of the Square is also a 180-day Gann cycle. According to Gann , the 180-day cycle has these behaviors:
180 Day Cycle
Is the next most powerful cycle after 90
High probability of support or resistance
180 days up or down will usually start a countertrend movement or reverse the trend
180 days from all significant highs or lows must be watched for trend changes
Against extreme momentum and/or pitch, can go 192 days.
What we may observe is what the great analyst Michael S. Jenkins called a 'Mirrored Foldback'. If it doesn't trade it in structure, then it would trade it in shape, in this case the triangle. A foldback is a mirrored move in the structure that repeats its prior move. This is not an anamoly of the market, but a constant that we can see throught past price history.
Jul 22
Trade active: Mirrored Foldback still showing signs of continuation.
Jul 22
Trade active: Mirrored foldback with the current price action
August 7th - Sun Square Jupiter
Red Vertical - August 23rd - Admetos Square Sun
Blue Vertical - August 24th - Uranus AND Saturn Trine Sun
Mars exits its retrograde cycle.