#Bitcoin (Gann Star)

Hello Dear Traders, Today we will try to explain the BTC movement based on the mathematical method and Gann analysis.

we know once you look at the chart you will feel disturbed by those many lines so we will try to explain how to read it.
In this analysis, we used the last High of this at $1177 as the bottom line for these cycles, and by doubling the price cycle between $1177/19666 we extract more two cycles ending at $56580 (You can extract Price cycles to infinity) But we are good with two cycles, and we don`t like FOMO charts

if you placed Price angle 0 at $1177 and 45 price angle at $3533 with double the angle to 90 /135 etc you will find 360 Price angle at $196XX / price angle 720 at $38154 / Price angle 1080 at $56XXX and we think it enough for now
Based on this the summit of the Current cycle $38154
Now let us explain how to read these lines on the chart and find out what is its importance:

We will start with Horizontal lines

The benefit of these lines is that they act as current and future support and resistance levels, so you can see yourself getting affected by the price when approaching them to the upside or the downside.
Bullish trend

Bearish trend

also, you can use them to place your targets or wait for reversal signs from it for the current movement, we not done yet with price angles you can know which level strong or weak
an example in the second cycle after this dump from $196XX 360 price angle if you extract main angles like 270/180/90 and waited for price reaction from it you can see what happened clearly but not all price angles strong enough for that when we check price angles we keep eyes on Half on the main angle and in our example, the strong angle is located at 180 then 90 then 45
if we applied this method on the current cycle
The cycle started from angle 360 at $196XX and end of it at this 720 angle at $38XXX so the stronger levels between these angles located at $28900 (540 angle) / $33XXX (630 angle) $38XXX (720 angle)
and the priority for now to $28900, so for now i will track price reaction to see if the price will start a retract move or not, with some factors such as price action it would suffice to conclude this.

Now back to Gann and by checking time analysis we can see that:

The cycle starts in Mar and ends in Mar if you checked this shot you will see that clearly, between this period there sub timelines you can see in the chart, and the subline is located at Dec so the price is close from a strong angle and there a time line, so we can see retrace coming soon, with price action we will get more confirm.

if we added the star trends

we will see wick from trend line near price angle near time line so based on this info we can decide to stop buy and wait for the price to pass this area or give us a clear confirmation for retrac,
so from this method, you can extract your buy/sell/waiting levels and ATH levels for new trends.


Previous analyzes used the same method
BCH
BHC

BTC
1
2
3

LTC
LTC

Ps:
This is not financial advice, The purpose of these Charts to give you an idea about coin movement (not buy or sell signal) so before following any idea be sure to do your own research, and follow your risk management.


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Comment:

Instead of Drawing everything manually, someone told me about this script posted here in tradingview by @winnergamer404, Price Angles & Gann Star By Se7s - V2, And I would like to thank @Wingamer404, for all his efforts in creating this script.