BullFish
Short

BTCUSD: Gann Square and Rectangle Clones

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
559 5 3
Its interesting to note that the recent down move created a double square             (1:2), or a root rectangle (shown mirrored to the left of the move). Also of interest is when you mirror it the left the side aligns with the small peak (shown orange dashed vertical line)
Cloning it down along the 1/2 Gann line it aligns with some of my entry and exit targets.
Again the cloned rectangles display an inherent fib relationship when arranged along a Gann Line.
BullFish PRO
3 years ago
*Just realized the height of the rectangle was determined by the move and the width was set by me using the the Gann 1/2 as the diagonal...so of course it would be a double square rectangle. lol a case of too much drawing and thinking of geometries :)
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JimFred PRO
3 years ago
I love the creative use of geometry. The rectangles you draw seem to be 1/2 the width of the square, The midpoint of the square is often pivotal for both time and price. I might fool around with this idea to see if I can get it to yield anything. Thanks for sharing...
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BullFish PRO JimFred
3 years ago
Thanks Jim That's very interesting re: midpoint of the square being a pivot point. Ill be sure to keep an eye out for it in my analysis
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telemaco
3 years ago
Really interesting. Thanks a lot for sharing
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BullFish PRO
3 years ago
Its retraced upwards along the diagonal of the rectangle and seems to have stopped/turned at the 1/8 gann line.
snapshot
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