Bitcoin_Altcoin

Gann Square to help understand big push to 137

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
389 3 3
That last big push brought us up over the 3rd arch and 3rd line. However, we have begun to receded. We are also right on the edge of the 3rd and 1st Gann square lines. Do we have enough momentum to continue this bullish direction? In the 4 hour chart,the crossing of the 14/21 DEMA historically has been accurate to predict future price. As of not to long ago this indicator has been bullish . I used the 14/21 indicator and bought in last night, before this big push! So we may indeed have the momentum.
good chart, but i am wondering why did you use an elliptical geometry rather than circular? just curious...
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Yeah the scaling is a bit off. It was meant to be circular. I'm going to publish a new short-term Gann that I have been using that is more precise.
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Thanks for this. I will follow
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