I'm learning and experimenting with Gann patterns, and here's my first attempt at something meaningful!
This is a weekly BTC/USDT chart with a Gann box starting on the low point of the cycle (10 December 2018, $3156.26). The box is created with the 0.25% date set at the price high point (24 June 2019, $13970).
The most interesting trend lines that emerge to are:
- 0 to 1.0 timeframe @ 0.75 price retracement (solid orange line)
- 0.382 timeframe to 1.0 timeframe @ ATH price (solid blue line)
- 0.50 timeframe to 1.0 timeframe @ATH price (right-hand dotted blue line)
I don't know if we can draw any conclusions from this, but I'm interested in your thoughts!
This is a weekly BTC/USDT chart with a Gann box starting on the low point of the cycle (10 December 2018, $3156.26). The box is created with the 0.25% date set at the price high point (24 June 2019, $13970).
The most interesting trend lines that emerge to are:
- 0 to 1.0 timeframe @ 0.75 price retracement (solid orange line)
- 0.382 timeframe to 1.0 timeframe @ ATH price (solid blue line)
- 0.50 timeframe to 1.0 timeframe @ATH price (right-hand dotted blue line)
I don't know if we can draw any conclusions from this, but I'm interested in your thoughts!
Apologies, "solid orange line" isn't solid, it's dotted too! The lower one...