Hello, how do I read a chart like this? What is your short term/mid term target/expectation?
CaptBlackBeard
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@Funfunction1, I would think of it as an ultra ramped up version of a support and resistance chart. Instead of just giving horizontal lines for levels to watch vs price, I am giving you live trends, pivots, levels, and intersections that hold added data. Follow the price as it meets each line and see if the trends hold, where is the next junction? and what is the next probable pivot (vertical line) . Really a great tool for confluence. I think we are in a zone that will be heavily affected by BTC, most ALTs have found some balance at a higher level and are settling in. BTC has some moves to make so I expect turbulence with a draw down and spikes up then momentum will pick up and some very large candles up will happen.
CaptBlackBeard
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@CaptBlackBeard, See the density in the Gann fan we are currently in now? That is the turbulence I expected. Hope this helps/