itsjustanalysis

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Channel broken. Rejection at the bottom of the cloud. Rejection at the Tenkan-Sen. Return below the Kijun-Sen. CMI and RSI in good conditions for selling.

itsjustanalysis Updated 

AUDUSD has just been halted against one of the dominant angles in this Gann geometry (method by Connie Brown) - powerful support level here suggests price will ride the line until it tags the 0.724 value area in early/mid June. The max price range between now and June would be the 0.74 value area.

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EURUSD: Long because of Bat and Moon I am not a bull of the EURUSD pair at all, but I can’t deny the setup here for taking a speculative long condition. 1. The red vertical line is the 6/8th harmonic time pivot – when an instrument is experiencing a fast rapid move higher or lower and then gets close to this time pivot, we often see swift reversals in the...

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Entry zone between 1.2575 and 1.25 The entry zone is the 50% Fib extension of AB as well as the end of the corrective wave (C). 144-day Gann cycle causes major turns in trends. The 2/8th inner harmonic is a natural and powerful pivot and it rests at 1.2505. Initial target is the combination range of 1.3567 - 1.3637 (61.8% extension of the swing low on Auguest...

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Time WD Gann wrote extensively on the topic of time cycles and the importance of using time as the primary factor for determining movements in markets. Some of these dates are seasonal, while others are cyclical. There is a substantial collection of these dates occurring over the next thirteen days. The following are some of these critical dates and cycles that...

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A rare and powerful bullish pattern is confirmed on Cardano’s (ADA) weekly chart. Primary time cycles culminate soon for Cardano. The Bullish Shark The bullish shark is the newest of Scott Carney’s harmonic patterns. I’ve never gotten used to it yet. It’s a pattern that relies on the extremely powerful 88.6% Fibonacci retracement. It is different from all of...

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• Ethereum’s chart is displaying a textbook case of Gann’s cycles of an inner year. • These cycles can help determine trend direction months ahead of time. The Cycles of the Inner Year Some of the most important lessons that Gann taught were related to time. Gann said that time was the factor that dictated the direction of a trend. Gann focused heavily on time...

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Bitcoin’s Elliot Wave Chart There is a myriad of examples of Elliot Wave charts for Bitcoin. I’m sure my analysis deviates as much as it compliments other charts. Practitioners of Elliot Wave are as varied as any other style of analysis. Some (like me) use Elliot Wave as more of a guide and a visual cue to identifying swings. Others are very...

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Bitcoin’s 1440 Day Cycle • Cycles are a component of any field of study and are of particular importance in the technical analysis of financial markets. • It’s important to understand that nothing is exact when dealing with long term cycles, we can indeed provide for a degree of variance – this is perfectly normal and logical. Bitcoin’s 1440 Day Cycle Gann...

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This bearish Gartley Harmonic Pattern shows up against three major Gann cycles: two 180-day inner year cycles and the 49-day cycle. The culmination of these events also happens at a minor swing high during a cyclical event. The USDJPY tends to suffer violent trend reversals and/or corrective moves if it is near an important swing/high or low during the first two...

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Bitcoin’s Bullish Pennant — The Symmetrical Triangle To understand the relevance and importance of the triangle pattern that exists on Bitcoin’s chart, we need to first understand the behavior of that triangle itself. There are a number of triangle patterns that can be identified in technical analysis. The most well-known are symmetrical, ascending and descending...

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GBPCAD, easy mean reversion trade Just like the EURGBP, the GBPCAD is in a perfect condition for a mean reversion trade. It’s important to titrate your positions in a move like this because the end of the move has occurred, there is always a follow up capitulation drive that occurs. I am long at 1.6926 with limit orders below at 1.6907, 1.6873 and 1.6851. From...

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Let’s review the silliness of the past 14 trade days: From May 6th to May 23rd (1337 CST), GJ has dropped over -5.4%. From the prior swing of 146.51 to 138.59, that’s a whopping -791 pips. Just below price is the 1/8th Major Harmonic support level at 138.17 along with the final arc. Bullish divergence between the Composite Index and the RSI. The RSI is at a...

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Long trade idea based on the following: 48 trading days lower, within the Gann ‘Death Zone’ cycle of 49 trading days. Full Moon 4/8th time pivot in the Law of Vibration cycle. Price support against the Gann Square of 9 angle at 1.2710, a shared value area wit the 1/8th major harmonic just below at 1.2682. Mirrored Foldback pattern indicating a fast and swift...

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EURBGP makes history, easy short I’ve went back to 2000 and looked for any periods of time where the EURGBP has had more than 12 consecutive daily candlesticks where the Open was greater than the Close. Never. In fact, the most I found was 7. So this is a pretty extended move in time. And it’s a straight up parabolic rise as well. This is very much what Gann would...

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At the time of writing this (1003 CST, May 10th 2019), AUDJPY has been down for EIGHT CONSECUTIVE DAYS. Let me repeat that a little differently: ADUJPY has had 8 consecutive days where the close was below the open on the daily candlestick. Do you know when that happened last? September 12th – September 21st 2001 In other words, a long friggin’ time. It’s the...

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I originally posted this Square of 52 for Bitcoin back on Jun 18th, 2018. () Divergent swing structure was apparent - but it now has returned to follow the prior structure, I would expect this to continue. Remember - we're not looking for the exact repetition in price - we're focusing on the swing structure.

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Cardano (ADA) awesome buy signal • 2nd longest consecutive daily close lower than the daily open. • Lowest Composite Index reading in Cardano’ history. Crazy buy signal for Cardano (ADA) Cardano has been hit with some tough love every since reaching a new 2019 (and 9-month) high of 0.00001944 on April 3rd, 2019. Since that time, Cardano has dropped nearly -30%...