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DestinyJV
May 28, 2021 6:24 AM

Gann Fib Fan & Triangles - BTC 

Bitcoin / U.S. dollarBitstamp

Description

Gann and Fib Fans lining up for confluence on various levels. Experimenting with triangles to find a BTC chart pattern.
Comments
ArmanShamili
counting the triangles challenge .. (: .. just kidding LOL
DestinyJV
@ArmanShamili, heh, this was posted more for artistic qualities, but the Gann and Fib fans lined up so well, had to post it. More for fun and aesthetic purposes. Charts can be for more than just attempting to forecast price movement. Have both = even better, imo.

The main horizontal fib and gann fans are from March 2020 over a year go, to the very top at 65K. You can see how well it is actually playing into as resistance and support levels currently. Fascinating, imo.

One last note, the original triangle was made from just before the major break downwards in price, classic triangle pattern. Cloned the triangle and it started to match previous areas of the past few weeks of market structure. By lining up edges and sliding it (not random placement). If you watch it play out, you will notice BTC following channels, and breaking based on triangle levels for direction.

This is an experiment based on cellular automation pioneered by Stephen Wolfram. It was not meant for charting stock market charts, but believe there is something there. trying to take patterns to the next level. We'll see what happens. Best.
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