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BTC - Gann Fan Strategy - Remedium for anxiety

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hi Guys.

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 support and resistance 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 Gann fan angles are superior to the horizontal support and resistance 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 Gann fan angles.
Gann fan trading strategy can be applied to all markets because according to the Gann theory, financial markets move as a result of human behavior which makes them cyclical in nature.

We have special Gann fan angles and more specifically Gann came up with 9 different angles.

The most important angle is the 45-degree angle or the 1/1 line. For every Gann angle, there is a line that is derived from that angle. We can distinguish 4 different Gann angles above the 45-degree angle and 4 other Gann angles below, as follows:
1/8
1/4
1/3
1/2
1/1 – 45 degree
2/1
3/1
4/1
8/1
According to Gann 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 Gann Fan Stratefy of any asset you want. We will base on latest BTC 3.22% chart.
So let's go!
Comment: So let;s start with the latest peak at $10000. From this point we wanted to know how deep we can go and when there is a good time to re-load.
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:https://www.
Comment:
Comment: Key level for us to bserve in above mentioned chart is 1/2. If we go below that level it means sell. We started very fast fall so our action should also be fast. It means SELL
Comment: Ok but we have to know then when we can rebuy our asset. So many say we have to observe 2/1 level and that would be safe to BUY. YES but we have to observe 1/1 level. In such volatality we can risk a bit and then buy when crossin 1/1 (actually a couple of bars behind this crossing point in order to be sure we have a uptrend)
Comment: Ok we bought but what next. We would like to know when to sell again in order to earn money. So find the place where we crossed 1/1 line. Identify the lowest point preceding this point. From this point draw your new 45 degrees angle and then on the top of it Gann Fann. Here is the drawing
Comment: Set your stop-loss at the starting point. SELL when crossing 1/1 if you are unpatient or a couple of bars behind to be sure we are in down trend.
Comment: Ok we sold. We have to identify again when to reload. We have to draw another Gann Fan. Identify the highest peak preceding 1/1 crossing level. From that point draw your 45 degree angle and again on the top of that Gan Fan chart. Remeber to allign 45 degree with 1/1 line.
Comment: Ok Guys. This is current situation on BTC. We have to wait. We are above 1/2 and below 1/1 and 2/1. We are expecting rebound. Observe crossing of 1/1 level and if you want to be sure we have a rally buy once we cross 2/1 level.
Comment: I hope you enjoy this and you find it usefull. We will make BTC analysis using this strategy. If you like our job don't forget to like and follow our profile.

HUGE HUGS!
WBM Team
Comment: PS you can lock the scale in order to have the same angles all the time.
PS2 don't use interval less then 1H as it will react to quickly which can be misleading
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