Gann
Bitcoin Bybit chart analysis October 4Hello
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Here is the Bitcoin 30-minute chart.
There will be an announcement of the Nasdaq index at 9:30.
Long position entry section in the strategy on October 2
From the purple finger at the bottom left at $59,955.5
I connected it to today's strategy.
*When the red finger moves,
One-way long position strategy
1. $60,980 long position entry section / Stop loss price when the sky blue support line is broken
2. $62,588 1st target -> Additional target price from Top to Good during the weekend
Touch the 1st section at the bottom
If the sky blue support line is maintained, an upward sideways market
If the bottom section is broken, the next support line
is the 2nd section at the very bottom.
Up to this point, please use my analysis article only for reference and use
I hope you operate safely with principle trading and stop loss price.
Thank you.
NASDAQ DAILY GANN ANGLE CHART FOR 0CTOBER 2024 DATED 07/10/2024Nasdaq Index daily Gann Angles chart for October 2024 is given below. The two blues angles are important. One is rising angle which needs to be conquered by price vibrations. Other is falling angle which can act as support to price vibrations. 11 October 2024 is important for index the price of 20235 is important for further growth and staying below which is loss of momentum. Next date is 23 October 2024 where momentum price vibrations should be above 20585. finally we have 05 Novemeber 2024 where momentum price vibrations should be above 20935. That's all for October 2024. Election year 2024 has provided lot of trading opportunities for traders and same will continue till year end.
Happy Trading !!!
N.B. Not a financial advice to buy or sell.With usual disclaimers as applicable within the reach of this beautiful trading analysis platform. Thanks to the developers of the program for this opportunity to use it freely to express our ideas to the community of traders.
The 45 Degree Line: A Very Effective Tool in Trading.The 45 Degree Line: A Very Effective Tool in Trading.
When the ppix of an asset explodes and forms a very steep slope, the 45 degree line, also known as the 1x1 Gannangle, is an important and very useful tool in technical analysis, used to identify and predict market corrections.
Meaning of the 45 degree line:
The 45 degree line represents an equilibrium trend in technical analysis. It is considered an average support or resistance line, indicating a balance between time and price. This line is particularly important because it suggests a constant and balanced progression of the market.
Main characteristics
-Angle: The 45 degree line forms an angle of 45° with the horizontal axis of the chart.
-Notation: It is often noted 1x1, which means that it represents a movement of one unit of price for one unit of time.
-Interpretation: A trend following this angle is generally considered strong and likely to continue in the same direction.
Use in Technical Analysis
Traders use the 45-degree line in several ways:
-Identifying trend strength: A trend that follows or exceeds the 45-degree angle is considered strong.
-Support and resistance: The line can act as a dynamic level of support in an uptrend or resistance in a downtrend.
-Forecasting movements: Traders can anticipate trend changes when price deviates significantly from the 45-degree line.
-Multi-timeframe analysis: The line can be applied on different time frames, from short-term to long-term, for a more comprehensive analysis.
Integration with other tools
The 45-degree line is often used in conjunction with other technical analysis tools for a more robust analysis. It can be combined with indicators, chart patterns, or other Gannangles to confirm trading signals and improve forecast accuracy.
In conclusion, the 45-degree line is a powerful but often underestimated tool in technical analysis. Its simplicity and versatility make it a valuable tool for traders looking to identify and follow market trends with precision.
Bitcoin Bybit chart analysis October 2Hello
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Bitcoin 30-minute chart.
*Red finger one-way long position strategy.
1. $60,569.5 long position entry point / stop loss price when green support line is broken
2. $63,643.5 long position 1st target -> Top, Gap additional target price
(Target price during holidays / daily candlestick creation point on the right)
If it falls immediately from the current position,
it is the long position entry point until the final 1st section,
and if the green support line is broken,
check the Bottom -> 58K main price at the bottom.
Please use my analysis article only for reference and use,
and I hope you operate safely with principle trading and stop loss price.
Thank you.
BITCOIN ( BTCUSD ) GANN DAILY CHART UPDATE FOR OCTOBER 2024Squaring the highs of 29 July 2024 we had a important level of 69750 then. Below which important level was 63000. Next important levels were 56250 and 51750. Both were hit on down move. Upmove needed to clear 65999 level and failed there. Down move following it missed the level of 51750 and above 56250 another upmove was seen. Had we breached the level of 51750 then 49500 was on cards as per earlier readings on the chart in the previous upate here. As that did not happen we saw upmove till the important levels of 65999 again. High was 65508 on 27 July 2024 an important date on charts. Currently staying above 60750 is important. Breach of 59999 could see more fall on it till 56250 again if 58500 is taken out. 05 October 2024 and 17 October 2024 are important dates for this month.
Happy Trading !!!
N.B. Not a financial advice to buy or sell.With usual disclaimers as applicable within the reach of this beautiful trading analysis platform. Thanks to the developers of the programme for this opportunity to use it freely to express our ideas to the community of traders.
Bitcoin Bybit chart analysis September 30Hello
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Here is the Bitcoin 30-minute chart.
There is a Nasdaq indicator announcement at 2:55 AM.
Nasdaq is likely to move sideways,
and Bitcoin and Tether dominance are the problem.
The key to today's strategy is the decline of Tether dominance in line with the Nasdaq's rebound section.
Tether dominance is in an upward trend.
I created today's strategy according to the sweep or gradual decline of Tether dominance.
*Red finger movement path
Long position strategy
1. $63,279 long position entry section / cut loss price when the green support line is broken
2. $65,265.5 long position 1st target -> Gap, Good, Great
Final target price up to the red vertical line on the right
The rising wave in the middle is a long position profit-taking and re-entry,
I think it would be good to use it in real time.
We even operated the possibility of a Gap section reversal at the top.
The beat is currently in a vertical decline.
As of the current point in time when the 5-minute trend change has occurred,
The purple finger section 1 indicated at the top
is a minimum upward wave.
It would be good if short->long progressed to the bottom,
and if it comes down right away from the current position,
the final section 2 is the long position entry price.
If you look at it the other way around,
63.2K will gradually decline based on the Tether dominance, and the section 2 will be swept away, right?
If it falls right away from the current position without a minimum wave,
it will be connected to a vertical decline, so you should be careful.
(Bollinger Band 5-minute resistance line touch section)
The green support line is a meaningful section,
so it is best not to deviate from the long position position.
Since it is almost the same as the initial long position entry price,
we proceeded with a stop loss price with plenty of room.
The Bottom section at the very bottom is
the major support line that everyone knows
6+12 section.
If you drag up and down,
I've drawn the major support and resistance lines up and down
and you can check the major prices, so I think it would be good to use it in real time.
More than anything, the movement of Nasdaq is important.
Up to this point, I ask that you simply use my analysis for reference and use
I will see you tomorrow, Tuesday, after the holiday, on Wednesday.
Thank you for reading today.
BTC Start Retracing to reach 57432 - 58291 area 2 Week TimeFrameBtc gave a good mobing averages and hit the level 66.5K and a retracement was very much expected. so how deep this retracement can go, with fibbonacci in 1D time frame suggesting a retracement till 61.2k to 61.6k area. but after consolidating on this zone, it can continue to retrace till 59.5k with a wick to 57432 - 58291 zone.
so all these points will act as point of support
61.2k to 61.6k
59.5k
57432 - 58291k
please trade carefully.
Happy trading.
Is 4th Wave complete or further correction ahead?Nifty Bank has been corrected for about 800+ points today. It has retraced about 38.2% of the third wave. Mostly the index should continue to start its bullish trend at this level. Plan your trades accordingly.
For educational and paper trading purposes only.
Bitcoin Bybit chart analysis September 25Hello
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*This week, due to circumstances, I will share the analysis article until today
and return on September 30th.
I ask for your understanding.
This is the Bitcoin 30-minute chart.
There will be an announcement of the Nasdaq indicator at 11 o'clock in a little while.
A 12-hour chart MACD dead cross was engraved a little while ago.
Nasdaq strong rise, Tether dominance moving in the opposite direction of Bitcoin
With a strong decline condition,
September 24th closing section,
I created today's strategy by connecting the purple finger 64,330 dollar short position entry section on the upper left.
*Red finger movement path
Long position strategy
1. 63602.5 dollar long position entry section / green support line breakaway stop loss price
2. 64613.5 dollar long position 1st target -> Top 2nd -> Good 3rd
I marked the sky blue finger section at the top
If you touch this section first,
the 63.6K long position entry section will be applied more advantageously.
If you do not touch the support line of the 1-hour Bollinger Band chart,
a strong decline may occur in Tether Dominance.
From the 1st section, orange resistance line breakaway, an upward trend can be connected,
and the 2nd section at the bottom is a sideways market,
but if you break away from this section,
you may fall to the 6+12 section that comes back, so please note.
If the strategy is successful along the red finger movement path,
I left an additional long position entry section in the middle,
so you can use it.
Up to this point, I ask that you simply use my analysis for reference and use only.
I hope that you operate safely with principle trading and stop loss prices.
I will see you next Monday.
Thank you.
Bank nifty on 27 Sep 2024 for education Recommendation: On Daily Chart Basis
On Bull side of Daily Chart
Buy at / above: 54405.56
Targets: 54436.65 - 54494.98 - 54553.35 - 54611.74
Stoploss : 54347.26
On Bear side of Daily Chart
Sell at / below: 54347.26
Targets: 54316.14 - 54257.88 - 54199.64 - 54141.44
Stoploss : 54405.56
if crosses above 54455 than it may touch 54755 after crossing the reistance of 54666
if crosses below 54208 level than support will be 54000 look for bos choch trend line of 15 minute
Bitcoin Bybit chart analysis September 23Hello
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Here is the Bitcoin 30-minute chart.
There is no separate Nasdaq indicator announcement today.
With the 12-hour chart MACD dead cross pressure in progress,
I entered Bitcoin into the Nasdaq 1+4 rebound section.
*When the blue finger moves,
Bidirectional neutral
Long->Short switching strategy
1. 62,822 dollars long position entry section / stop loss price when the green support line is broken
2. 64,330 dollars short position switching / stop loss price when the orange resistance line is broken
Final short position maintenance or long position switching depending on the situation after tomorrow.
The sections 1 and 2 at the top
are extreme sideways or rising waves.
If a strong rise occurs when the 1st touch->2nd connection occurs,
it can rise to the top section along the purple parallel line.
From the bottom, it is the next pattern of 4+6 where this rebound came from. I think it would be good to think of it as a 6+12 section.
Depending on whether there is a vertical decline, it can fall from the bottom to the 3rd -> 4th section.
Up to this point, I ask that you simply use my analysis for reference and use only.
I hope you operate safely with principle trading and stop loss prices.
Thank you.
TLM BINANCE:TLMUSDT BINANCE:TLMUSDT.P
TLM is locked in an uptrend, printing higher highs and higher lows! 🚀 Currently trading above a strong support zone, it's poised to continue this bullish momentum. If we hold, a retest of previous highs around $0.0122+ is on the table. Get ready for the next leg up! 🔥 #BullishTrend #CryptoBreakout