Update on BTC

Jul 4, 2018

A quick update on my long term idea. I've extended the Gann square a bit + making the arcs aligned with the lower points (marked with green circles).

This gives the target: 4280$

When: 19. July.

Good luck!

Jul 5, 2018

Note

I think the drop is starting right now!

Jul 5, 2018

Note

Fasle alarm:P

Jul 5, 2018

Note

Jul 5, 2018

Note

Jul 5, 2018

Note

Looks like a break out this time.

Jul 10, 2018

Note

I've moved the arc a bit, making sure that those with green circles are aligned with the arcs. This gives us a pretty critical moment of the next step. If it breaks the blue arc, it will easily go down to the originally target (main target). But (!) if the blue arcs makes it bounce clearly then I'm not that sure any longer. The result will appear the next days I think:)

Jul 10, 2018

Note

The idea "A bearish idea on BTCUSD" could be the game changer - I'm whatcing that on closely from now on.

In other words I think we are getting close to the bottom.

Jul 10, 2018

Note

A close-up on the current situation, as I mentioned:

Jul 11, 2018

Note

Jrdelane gave me this clue: H @ S pattern inverted.

I give it 8-9 days from now on.

Jul 11, 2018

Note

Possible next move?

Jul 11, 2018

Note

Just hit the bottom line, more or less. Small pullback and then breaking through??

Jul 12, 2018

Note

Descending triangle potential done:

Jul 12, 2018

Note

It shouldn't break through 6130, this is where the right shoulder stops.

Also, it has broken through the arc I mentioned earlier. It still has one more arc to go.

Jul 12, 2018

Note

Another bearish pattern seems to be established. Kind of critial right now(!)

Jul 12, 2018

Note

The bearish triangle pattern got a bit wider. And it is not looking good right now. It bounced the first attempt to drop.

Jul 12, 2018

Note

In the other hand, the new level makes a strong support if it holds (the rising wedge is now completed). It is now or never.

Jul 14, 2018

Note

... and it manage to hold the right shoulder this time. The rising wedge potential is completed.

I've been adding some zones that I think are critical. Lets see what happens next.

Jul 16, 2018

Note

Okay, I'm long at the moment! Here is why:

- It made it through the "buy zone"
- It is making its path along the right shoulder perfect right now.
- I'm sure it will complete the head & shoulders pattern with ease.
- And the final one: It broke through the vertical arc I've been whatchin lately.

Jul 16, 2018

Note

Here is a bigger picture of the Gann arc I've been whatching lately. Look how the 1.618 length is perfect placed right now.

Jul 16, 2018

Note

Here is my latest idea on BTCUSD: