BitcoinAlış
BTCUSD trend reversal around March 21st - 27th
Güncellendi
Major Bitcoin Trend Reversal coming later this month.
I want to point out the contemporary technical analysis first.
1. There are two areas I want to call your attention to: The thin horizontal line below the last candlestick and the blue arc also right below the last candlestick. The horizontal line represents a strong Fibonacci line within a Gann Square. The arc represents a very important and powerful support zone. The arc needs to act like a shield on Star Trek. Price needs to be rejected from this area in order to have a continue bullish bias. If it does not, then we are most certainly visiting much lower price ranges.
2. This green triangular shape is a Gartley Pattern called a Bullish Shark. The Bullish Shark tells us that a change in trend can happen very soon.
3. Confluence of time cycles = the REAL reason for price trends
1. March 17th - Moon Phase begins.
2. March 18th - Mid-point of a Gann time cycle, an important square in time. Perfect square of price and time on this date with the squared price being 9375. Also, and more importantly, a 90 day time cycle ends. The 90-day time cycle is the most important and powerful division of the one-year cycle.
Let's break this 90 day cycle down.
- It is the most powerful division of the one-year cycle.
- High probability of support and resistance at this cycle.
- 90 days up or down will usually start a countertrend movement and/or reverse the trend
- Against extreme momentum and/or pitch, can go 99 days
I want to point out the contemporary technical analysis first.
1. There are two areas I want to call your attention to: The thin horizontal line below the last candlestick and the blue arc also right below the last candlestick. The horizontal line represents a strong Fibonacci line within a Gann Square. The arc represents a very important and powerful support zone. The arc needs to act like a shield on Star Trek. Price needs to be rejected from this area in order to have a continue bullish bias. If it does not, then we are most certainly visiting much lower price ranges.
2. This green triangular shape is a Gartley Pattern called a Bullish Shark. The Bullish Shark tells us that a change in trend can happen very soon.
3. Confluence of time cycles = the REAL reason for price trends
1. March 17th - Moon Phase begins.
2. March 18th - Mid-point of a Gann time cycle, an important square in time. Perfect square of price and time on this date with the squared price being 9375. Also, and more importantly, a 90 day time cycle ends. The 90-day time cycle is the most important and powerful division of the one-year cycle.
Let's break this 90 day cycle down.
- It is the most powerful division of the one-year cycle.
- High probability of support and resistance at this cycle.
- 90 days up or down will usually start a countertrend movement and/or reverse the trend
- Against extreme momentum and/or pitch, can go 99 days
Not
Time is the real catalyst of price. News is just a reaction to predetermined natural time cycles. Human reactions to time produce 'reasons'/excuses for why price moves a certain direction.Not
Gartley on Daily completes at 7400 on March 29th Not
Added 5 contracts at this level, rare Cypher pattern coming into formation 
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.