From the most recent L/L, Gan on a 45 shows that the candle wick touch points to the 8/1 and 3/1 on February 22nd, 24th, and 27th couldn't be more picture perfect and I will be watching these levels. I suspect further downside despite recent upside mania but will chart downside Gan support/resistance for further confirmation and clearer direction later.
Sometimes you just have to respect the maths.
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Off by $32 bucks on this drop, sry, I'll do better next time.
Trade closed: target reached
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Whoops, forgot to update this Gann experiment as well but BTC did show how well it rides these bearish Gann levels, until they don't 😈 and I will be using this tool for future day trading as I have been watching how it moves on the smaller time frames.
Almost afraid to post this b/c I know ppl typically ppl use Gan to set price entry and exit targets, but I started thinking, if following price, ultimately you can use it as a price predictor and if you notice, as we descend, we go through a period where price rides each of the bearish lines and then drops to the next level. Like I said, this is an experiment and I'm eager to see how this plays out.
I've also charted a downside Gan and I am monitoring where each of the levels intersect and will hopefully be posting that once I get on more confirmation.
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Miles-Maddox
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BTC still drawn to the 3/1 Gan Fan level, possibly going to the 8/1 eventually but you never know.
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Miles-Maddox
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off by $5 bucks on this drop. See told u I'm getting better
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Miles-Maddox
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coded candle algos will always be the un-chartable variable yeah?
I've also charted a downside Gan and I am monitoring where each of the levels intersect and will hopefully be posting that once I get on more confirmation.
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