As market is still unstable we would like to share with you interesting and promising strategy which can help you to get calmer.
It presents in a elegant way current trend and tells us when to buy and sell or when we have to just wait for the final verdict.
This indicator is notable unique because it draws diagonal levels at different angles. At first sight you might recognize the indicator because it’s a colorful indicator much like the Fibonacci Channel indicator.
One of the main reasons why angles are superior to the horizontal levels is that financial markets are geometric in their movements. This means that if you can spot a pattern or or any other geometric shape in a chart, then there is a high probability you can spot them at the angles.
trading strategy can be applied to all markets because according to the theory, financial markets move as a result of human behavior which makes them cyclical in nature.
We have special angles and more specifically came up with 9 different angles.
The most important angle is the 45-degree angle or the 1/1 line. For every angle, there is a line that is derived from that angle. We can distinguish 4 different angles above the 45-degree angle and 4 other angles below, as follows:
1/1 – 45 degree
According to theory, there are special angles that you can draw on a chart that will give you a good indicator of what price is going to do in the future. All of Gann’s techniques require equal time and price intervals, in other words, a rise of a 1/1 would imply a 45-degree angle.
It may sound a bit ambiguous but it is easier that it sounds. In the comment section we will provide you step-by-step explanation how to proceed your Stratefy of any asset you want. We will base on latest BTC 3.22% chart.
So let's go!
At first you have to draw -45 degrees using tool on TV - on the left hand side 2nd on the top. Once you have this angle drawn please use Gann fan drawing (again on the left hand side - 3rd on the top - hidden menu). Ok once you found it you have to draw Gann Fan chart so this 1/1 line is perfectly alligned with 45 degrees angle. It should look like this:
PS2 don't use interval less then 1H as it will react to quickly which can be misleading