Gann Fan applied from ATH at 1150 USD in December 2013.
The way it works is simple: the price is supposed to stay in one sector side lined by two rays from the fan origin. Sometimes crossing over into another sector,as happened last on 2014-05-20. If we stay up and remain beyond 260 for a few days, Bitcoin will explore new hights. If we bounce, the price will sink back to old lows and maybe below that.
The way it works is simple: the price is supposed to stay in one sector side lined by two rays from the fan origin. Sometimes crossing over into another sector,as happened last on 2014-05-20. If we stay up and remain beyond 260 for a few days, Bitcoin will explore new hights. If we bounce, the price will sink back to old lows and maybe below that.