The drawing you see has two 45 degree angles from which gann fanns must form.
The first is from the ATH downwards and the second is where the 45 degree of the ATH hits with the base level of the bull run if a 45 degree angle was drawn from that point.
This does not indicate a bottom but helps find them. In this case there are 3 45 degree angles drawn from each of the three base levels in the bull run first drawn horizontally then at a 45 degree.
The first has been passed, the second is still in play as a viable bounce point but I do believe the third will be what moves us upwards.
By this theory We are yet to reach the accumulation stage of crypto and will find our bottom between nov 21 2018 and april 20 2019 and accumulation will take place until late april early may where the momentum will pick up to move us back into the teens.
Happy trading all, this is not advice just a test of the gann fann theory as it connects to find bottoms.
The first is from the ATH downwards and the second is where the 45 degree of the ATH hits with the base level of the bull run if a 45 degree angle was drawn from that point.
This does not indicate a bottom but helps find them. In this case there are 3 45 degree angles drawn from each of the three base levels in the bull run first drawn horizontally then at a 45 degree.
The first has been passed, the second is still in play as a viable bounce point but I do believe the third will be what moves us upwards.
By this theory We are yet to reach the accumulation stage of crypto and will find our bottom between nov 21 2018 and april 20 2019 and accumulation will take place until late april early may where the momentum will pick up to move us back into the teens.
Happy trading all, this is not advice just a test of the gann fann theory as it connects to find bottoms.
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TARGET REACHED- welcome to accumulation stage boys.
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Dec 17th upmove- watch where the gann fanns converge. 3700 likely. then either way. if it goes up 4200 is the next wall. then previous yearly trendline at 4800. Brief rally upwards but still full expectation that we will revisit 3150 at the very least. so place your sells well cause this ain't the end of accumulation yet. still a bear market till red line currently at 5800.
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4200 hit. 3750 new baseline. if that fails look much lower. more likely WHEN. target of 4600 possible. with 5600 now new end of bear market. 3750-3825 is still a good buy zone atm.
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missed updating this until too late. hopefully everyone filled some bags at 3500 for a run up to 3800-3900. look for exit there. then downwards. there is little support left on the gann for BTC here so look for a very large drop from 3800 down to 2800.
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a Drop here would send us below my targeted zone and into the orange. very possible since my timing was off! In that case remember that 1250 is still in play until Feb 14th!
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currently tied to no gann lines. expect a drop to orange zone at 2900 soon or a realignment at 3900. 2900 seems more likely.