itsjustanalysis

itsjustanalysis Updated 

700-day pattern and the 400-day pattern The linear chart shows a very flat price level until the massive expansion begins in early 2017. However, the logarithmic chart shows the proportion and percentage of moves more accurately. The difference could be explained by simply describing the move from 100 to 200 on a linear chart is the same as a move from 11000 to...

itsjustanalysis

This analysis combines some of the theories in Gann Analysis and the Ichimoku Kinko Hyo system. Outlook: Extremely high probability of a bottom developing soon around the $208 value area and then returning higher to the $244 value area. Gann And Ichimoku Analysis There is a square of price and time in Gann's Square of 9 on the date of January 16 and the...

itsjustanalysis Updated 

Coinbase is working on a weekly close that would be the highest of the past 13 weeks. Additionally, it has broken out above the weekly Cloud for the first time in it's history. Once the Chikou Span is in 'open space', it will confirm an Ideal Bullish Ichimoku Breakout. NASDAQ:COIN 's periodicity suggests that the next price and time levels to watch are the...

itsjustanalysis

I used the following data to support my outlook: 1. The month of June is historically a month where major and minor highs/lows appear for Tesla. 2. Tesla’s periodicity shows periods of 100 – 120 days of price swings. The boxes on the chart represent them. 3. Gann’s dynamic Square of 9 angles are represented by the horizontal red, blue, green, and yellow...

itsjustanalysis

There are a series of bullish technical conditions on silver's monthly chart that suggest significant upside potential going into 2024. Those conditions are as follows: An Ideal Bullish Ichimoku Breakout on the monthly chart - if XAGUSD can close at or above $24.56. The DTO returning above the zero line. Hidden bullish divergence between the candlesticks...

itsjustanalysis Updated 

Bitcoin's weekly close above the Ichimoku Cloud is very significant. I wrote about this same event back in January 2020: This is likely the beginning of the next expansion and bull phase. If this scenario plays out, then a return to the ATH sometime around the last half of June 2024 and the first have of July 2024 is likely, with a new Top/ATH established...

itsjustanalysis Updated 

There is a strong confluence zone of Gann’s Cycles of the Inner Year between Dec 19 and Dec 22 180 bars from the April 4 swing high 144 bars from the May 24 swing low 97 bars from the Aug 4 swing high 91 days from the Sept 22 swing high Additionally, there are significant gaps now between the bodies of the candlesticks between Dec 14 – Dec 21 and the Tenkan-Sen....

itsjustanalysis Updated 

We don't need a lot of analysis to spot what is going on here. On the Weekly Ichimoku chart for the Total Market Cap, we can see a rare event coming that has not happened since November 2015: both price and the Chikou Span crossing above the Kumo. This event is rare, but it is almost always a signal of a prolonged and powerful bullish trend - not just in...

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itsjustanalysis Updated 

Foldback Patterns are a theory that price action repeats the same swing structure as the past. In the case of XLM, the Foldback Pattern with the combination of a 180-day Gann Cycle suggests that a big price spike for XLM is likely to occur very soon.

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Due to TradingView's limitation on timeframe size, the most accurate Point and Figure charts are unable to be shared. Trade idea is based on the $0.0005/3-box Reversal Point and Figure chart (1s timeframe) Bullish Catapult pattern Buy Stop @ 0.8365 Stop Loss @ 0.8340 Profit Target @ 0.8585 Move stop loss to break even or slightly into profit after 25 pips of...

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itsjustanalysis Updated 

Short idea based on a double - bottom break to form a split triple-bottom off of a failed greater than 50% move higher New short idea with a sell stop @ 2.08, profit target @ 2.00. It may need to drop all the way down to the 1.75 value area to print some very nice hidden bullish divergence on the daily Ichimoku chart, but we'll see.

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itsjustanalysis

Bullish Fakeout Pattern on VeChain's (VET) $0.002/3-box Point & Figure Chart Sell Stops @ 0.114 Profit Targets @ 0.104 and 0.088 The bullish uptrend angle should be watched for probable support, so the second Profit Target @ 0.088 may not be valid.

itsjustanalysis Updated 

A series of Fibonacci extensions show a cluster of key 161.8% and 61.8% levels all converging around the 54k to 55k value area. Consider that the Gann Death cycle of 49 bars is right where the next weekly candle opens as well as this time period being an anniversary period of important highs and lows found for Bitcoin, we should anticipate a likely top here for...

itsjustanalysis

I’ve removed the wicks from the hourly chart because it’s easier to spot what is happening when they are removed. Notice the symmetrical triangle pattern on the chart, which is also a bearish pennant. Bearish pennants are bearish price action patterns that help traders identify whether price action is going to reverse or continue. If you look at #1, you can see...

itsjustanalysis Updated 

Bearish Crab Pattern on the weekly chart. This short comes as the RSI reaches its highest level since January 2018. We are also inside Gann's Death Cycle. This is the 48th to 49th weekly bar along with transitioning into the 7th week (49 days). Out of the last 15 weeks, only two of those weeks have seen a close below the open. Not shown is the clear divergence...

itsjustanalysis Updated 

4-hour micro-NQ futures contract Bearish Deep Crab on the daily. Bearish Crab on the hourly. Rising Wedge on the hourly. All fall on top of the 161.8% Fib ext. Short between 13879 and 13700. 1st Profit Target @ 12462.8 2nd Profit Target @ 11779.4

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itsjustanalysis

Open and active trades.

38:51

itsjustanalysis

A lot has changed since Welles Wilder published the RSI in 1978. Shockingly, many amateur and aspiring traders/analysts still use the 1978 values - get up to date here!