This Gann Box set to one division.
Red Vertical : Time to move towards target
Blue Vertical & Orange Vertical : Volatility pivot low/high, mark of a cycle.
All Geometrical lines and shapes should hold as solid SR levels. voids are areas of accelerations in time and price.
Feel free to monitor this chart daily, and zoom in to see it play and take effect until...
This chart shows Mercury and Venus planetary lines and how price reacted to both of their harmonics so far ( opposition 180 degrees )
It also shows the Mercury box set at opening price.
A touch at the 1.618 down, a move up into the gap is to be expected keeping all geometry and dynamic Gann planetary lines in mind.
Long into the .618*.618, volatility day as labeled in the chart is on May 1st. ( Pivotal low/High or target)
Failure to maintain the previous low can result in a pullback to the 90degrees static square of 9 to retest structure.
The function listed above cracks a cycle that is happening in bitcoin. Of course there are a few flaws to this theory, but allow me to explain.
The function above says that if we start a cycle with 13 bars you are going to have a second wave of 28, followed by 43, then 58... etc
Which are plotted starting at the low pre-2017 bullrun.
Same equation works on the...
Where is the DXY heading ?
This is the question that's in everyone's mind, so here are some quick thoughts.
After a solid .618 X .618 touch, the DXY fell to 90 which is the 0.5 gann box level and the 1.618 from both previous impulses.
So far it is finding support here but if it falls a bit lower I can see it at ~86-85 fueling another major bullish leg on...
we've seen across the entire crypto market where levels have been broken and AGI just broke its local move .618 and possibly heading to complete its ugly c&h and a break to shoot higher
what I like about it here is that it found support by its 50MA in the 4H chart and that it's pretty much above many many major moving averages.
NEM broke out of a C&H formation targets could vary.
the .618 is the most logical place it could go to after breaking this major resistance level.
This setup could be played right now based on the c&h but you would be an aggressive trader taking it now knowing that you have the two levels right in from, the daily 200 simple moving average and the major swing...
I am not sure if this makes sense or not or if it even means anything but I'm long here despite all the negative feelings, I might be mistaken which is why a stop loss at around 7600 would be good with a very very low leverage..
not a financial advice