BullFish
Long

Gann Dates, Rectangle Clones & Inherent Fib relationship

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
398 4 3
I have been studying and charting/ experimenting with Gann dates with my price targets.

In this study I have re-looked at the previous Gann Date of August 8th and studied the geometrical relationships. The August 8th Date saw a considerable run from around 100 to 147. Ive mapped a rectangle over this move and cloned it along the same angle using the Gann date of 23rd September as starting point. The 6 rectangles are then arranged following the angled lines.

The top of the 6th rectangle matches a target of 220. The angle intersects the target of 220 and the next Gann date, 8th of November.
After cloning the rectangles in this technique the results match close to some of my targets I have (red horizontals). Drawing a fib tool alongside the cloned rectangles shows an inherent Fibonacci relationship.

This is an experimental chart and should be interesting to see how it plays out.

More on Gann dates:
http://www.marketmasters.com.au/55.0.html


artiguste
3 years ago
Interesting, as you worte, see how it plays out.
Reply
BullFish PRO
3 years ago
Clearly I was wrong on the direction on this. I am putting together some geometrical analysis for down. Jim Fred posted a spot on call over 12 hours ago...looks like its down again.. once again he called it.
Painful move down to commence ~ 10/5
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Doingit BullFish
3 years ago
you know this was because of silk road, no?
Reply
BullFish PRO Doingit
3 years ago
I think that it was part of the reason. We did have a triple top of sorts and buying interest was becoming exhausted
Reply
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