Riester

Riester

Applying one method from WD Gann's "Square of 9" toolkit. Find a range low and run this calculation to get the range high: ``` ( sqrt(range low) * 2 ) ^ 2 = range high price ``` Find a range high and run this calculation to get the range low: ``` ( sqrt(range high) / 2 ) ^ 2 = range low price ``` This chart has 4 example of this in action. Black, green, red,...

Riester

Volume EQ of range = 36600 Look to hold this as support before longing into 47000 and beyond.

Riester

Lose 0.058 (green) -> parallel channel leads us to 0.0515 Weekly S/R flip from 2017 @ 0.0515 - 0.055

Riester

Weekly 25/50 EMAs play a strong role in bull market corrections. Tested as support -> bull market consolidation Lost as support -> bear market beginning If BTC reclaim 42000 (green 25 EMA) -> bull market consolidation If BTC loses 34000 (blue 50 EMA) -> bear market beginning

Riester

1. backtesting 0.066 as resistance (purple) 2. 0.618 of impulse 0.056 3. daily 100 EMA @ 0.055 (orange line) Target 0.056 Invalidation of bearish scenario -> reclaim 0.066 as support (purple)

Riester

1. Backtested $34 as resistance -> lower high made -> bearish market structure 2. lost daily 200 EMA as support @ $27 2. weekly demand @ $12 Target $12 for large bids.

Riester

Price: trend line support from March 2020 OBV: testing support Hold the line! Lose these lines and 28000 is next.

Riester

S/R Flip @ 2750 Hold Purple -> target highs 3000 3500 Lose Purple -> target lows 2270 2100 Break of the black trend line resistance is good confirmation of bullish move

Riester

Wicks have historically foreshadowed candle closes. Lots of demand at 32000 Bearish Market Structure: - Parallel channel - Backtested range EQ (purple) as resistance See you at 32000, BTC

Riester

Key High Time Frame (HTF) levels on BTC January weekly demand @ 32000 (blue) January weekly resistance @ 38000 (purple) May lost support @ 42000 (red) Currently testing 38000 (purple) Scenario 1: We reject 38k, we go back to test demand @ 32k Scenario 2: We reclaim as support, we head towards 42k (red) to test

Riester

ETH Range: Range High = 2940 Range EQ = 2510 Range Low = 2150 1. swept range high --> made lower high --> bearish dump 2. losing range EQ as support Scenario 1: - look to long a sweep of range low / hourly demand @ 2150 Scaenario 2: - reclaim range EQ as support, long targeting range higher @ 2940

Riester

BTC established a range: Range High = 42500 Range EQ = 38500 Range Low = 35000 1. Swept range high, made a lower high --> bearish --> dump followed 2. Lost range EQ (50% of range, red line) Scenario 1: - Look to long a sweep of range low @ 35000 Scenario 2: - Reclaim range EQ as support @ 38500 --> long targeting range high @ 42500

Riester

1. Watch reaction @ 14500 (black) - flip as support --> higher lows made --> bullish MS --> target weekly supply @ 21000 - reject --> lose 12500 as support (blue) --> return to daily demand @ 10500 (green) COMP is one of the few coins that made a higher low (with the daily candle close, wicks's don't count) Many others aren't out of the woods yet Let's see...

Riester

1. held weekly demand with the daily close @ 7180 2. Bearish market structure breaker (MSB) @ 11600 Break the MSB --> higher high made --> wait for higher low to be made by testing MSB as support --> bullish market structure (MS) established If we flip MSB I will add spot to target daily supply @ 20000 for 75% move!

Riester

1. Holding monthly open @ 2775 2. Test daily demand @ 3230 3. Tag weekly open (also daily supply) @ 3580 Will evaluate at daily demand & weekly open

Riester

1. First tag the weekly open @ 46400 2. Then tag daily supply @ 51500 Evaluate at 51500 to see what's what

Riester

Horizontal resistance @ 6800. Higher Lows --> Ascending Triangle Target weekly supply @ 16000 150% move incoming!

Riester

RSI bullish divergence Wait for a volume confirmed bounce. Market Structure Breaker (MSB) @ red line. Break that and retest, then we're bullish.