RELIANCE IND BONUS ISSUE ??? SQUARING MAR 2023 LOW GANN ANGLES..Reliance Industries Gann Angles 1x1 rising and falling... and 1x2 rising angles marked on chart.We broke the 1x2 Gann Angle on 15 July at 3094. Took support on 1x2 gann angle on 05 Aug 2024 at 2906. Actual low was 2866.50. Resistance on 1x1 Gann Angle was 3081 on 26 Aug 2024. actual high made is 3079.45. We broke that angle and took support on 1x2 Gann Angle at 2948 on 16 Sep 2024 important Time coordinate on chart. The Gann Angle was breached for 2 weeks with actual low at 2891.45 on 09 Sep 2024. resistance taken on 23 sep 2024 at 1x1 Gann Angle at 3051. Actual high was 3066.95. Breached the 1x2 Gann Angle at 2855 and also breached the 1x1 2751 in next 2 weeks. A sharp fall after 16 Sep 2024 Time coordinate. Current Weekly Time and Price shows important level of 2766.50.
Happy Trading !!!
Gann
Bitcoin Bybit chart analysis October 10Hello
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Here is the Bitcoin 30-minute chart.
The CPI indicator will be released at 9:30 in a little while.
There are risk factors in Nasdaq,
but there is a high possibility of sideways movement.
I created today's strategy based on the part that says Bitcoin gains freedom.
There are some tricky parts in the middle, so please read carefully.
*When the red finger moves,
One-way long position strategy
1. 60,895.5 dollars long position entry section /
When the purple support line is completely broken or the 2nd section is touched, the stop loss price
2. 62,256 dollars long position 1st target / Top section 2nd target
I marked the purple finger 61.3K at the top,
and if you touch this section,
the probability of the strategy succeeding increases when the wave increases at the time of the CPI.
From the 1st section of the orange resistance line above, it is connected to an upward trend,
so please note that it may not come down to the entry point.
From the 2nd section at the bottom, it is a right-side uptrend
Roughly, look at the orange resistance line 1st section / green support line 2nd section sideways section
and raise the bottom section upward
and pay attention to the shape of the Bollinger band support line in the 12-hour chart candle that is created after a while.
If the strategy is successful overall,
you can use the additional long position re-entry section at the 61.6K section where the daily candle is created
in the adjustment from the 62.2K 1st target.
Be careful because there are also Nasdaq variables up to this point
and I hope you operate safely with the principle trading and stop loss price as essential
Thank you.
Bitcoin Bybit chart analysis October 8
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This is the Bitcoin 30-minute chart.
There is no Nasdaq indicator announcement.
It is rebounding while the mid-term pattern is broken,
and the Bitcoin pattern is also broken,
but when compared to Tether Dominance,
In terms of candles,
Bitcoin is touching the center line of the 6-hour Bollinger Band chart alone.
Tether Dominance is touching the center line of the daily chart alone.
When looking at it in the long term, I interpreted the influence of Tether Dominance to be greater.
In terms of signals,
the 12-hour chart MACD golden cross is imprinted.
If there is no Nasdaq variable,
I judged that the conditions are difficult, but it is worth a try.
In the analysis article on October 7,
I connected the strategy with the condition of maintaining a long position after the purple finger gap of $62,377
*When the blue finger moves
Two-way neutral strategy
1. 62,708.5 dollars short position entry section / stop loss price when breaking through the pink resistance line
2. 62,130.5 dollars long position switching / stop loss price when breaking through the green support line
3. 63,789.5 dollars short position switching / stop loss price when breaking through the red resistance line
As a condition for the strategy to succeed,
If the purple support line is maintained cleanly,
You can try switching long positions at around 62,708.5 dollars on the right blue finger.
1st section at the top
Movement within the orange resistance line is a sideways movement
If it falls immediately from the current position
Or the maximum possible position for long switching is
2nd section at the bottom.
I think it would be good to look at it as a rough sideways movement.
Bottom is the 4-hour chart support line
-> 60916.5 dollars is the 6-hour chart support line.
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 on Thursday after the holiday tomorrow.
Thank you.
GOLD LONG !!!!!!My target is 1:3
Learn and do by yourself
Price has to move from these levels orelse
You might see a good correction and that gives opportunity for new buyers
One thing after fed announced rate cut market went up continuously so trapping scenario may start if this week bullishness fails.
Bitcoin Bybit chart analysis October 7
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This is the Bitcoin 30-minute chart.
There is no Nasdaq indicator announcement today
Instead, the daily chart MACD dead cross is in progress.
In the case of Bitcoin, there is a gap section left at the bottom
It is also the first touch section of the Bollinger Band daily chart center line.
In the case of Tether Dominance,
It is a 6+12 section, but because it touched the daily chart center line
The mid-term pattern is broken
To summarize,
The daily chart candle is valid until 9:00 AM tomorrow
And since the Tether Dominance pattern is broken
Assuming that it continues to fall after tomorrow,
Based on the short position operating section
The current Bollinger Band 30-minute chart resistance line
And then the 1-hour chart resistance line
The short position operating section
Should have a decline.
If Nasdaq moves sideways moderately
Bit can move freely
And by calculating all the conditions above, I created today's strategy.
*Red finger movement path
One-way long position strategy
1. 62,377 dollars long position entry section
/ When the green support line is completely separated or the bottom section is touched, the stop loss price
2. 63,585.5 dollars long position 1st target -> Top 2nd target
If the pink resistance line 1st section is broken right from the current position,
the purple parallel line is maintained,
and a strong upward condition is created
If the strategy is successful along the red finger movement path,
the 1st section of 63,177.5 dollars, which returns after reaching the 63.5K target price,
a long position re-entry position can appear,
so it would be good to use the chart.
In the case of the top section, it seems difficult to pass it today
and I expect it to happen after the additional daily chart is created tomorrow.
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.
Thank you.
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
It's a Bitcoinguide.
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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.