Fanatik_

New charting technique

BITSTAMP:BTCUSD   Bitcoin / Dollar
So this is an experimental technique, Listing 3 most likely scenarios, act on price but be a trend follower.
Really curious whether this type op semi self-developed TA works or not.
Any feedback would also be appriciated.
I might publish a trading plan for this chart soon.
As quite a layman I wonder, from where those focus points for lines come and what is the meaning of 1/8 to 8/1?
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Fanatik_ etrada
Focus points are distress buy and sell. The meaning of the lines = the closer to 1/1, the less likely a trend reversal is.
That's very useful for Gann technique because his technique is about trendfollowing.
Not the art of "knifecatching"/calling tops and bottoms, because that's going make you get rekt.
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