DWEB Alignment Tool and Gann fans on Litecoin $LTC
See original here:
You will see how easy it is to create trends that hold against price action and also provide data needed for an added layer of trend/level/pivot prediction (advanced).
This is just 1 example of how you can use the node and trend alignment tool.
With the indicator on, connect the corresponding (red or green) nodes that have straight lines between them. This example show Gann fans placed by centering the start point right in the middle of the starting node and ending at the following (end point) node. It's really that easy and you will be surprised by how much having this simple chart will help you make better decisions from a confluence standpoint.
Read this by following how the price reacts to each trend. Does the price respect the lines? Is the price sticky to the trends or does the price change oppose them? With practice you will start to develop a new sense of direction and how to (at minimum) protect more capital.
I'm perma-bull when it comes to BTC, LTC, and ETH as a long term investments. Please trade your own timeframe goals.
This is just 1 example of how you can use the node and trend alignment tool.
With the indicator on, connect the corresponding (red or green) nodes that have straight lines between them. This example show Gann fans placed by centering the start point right in the middle of the starting node and ending at the following (end point) node. It's really that easy and you will be surprised by how much having this simple chart will help you make better decisions from a confluence standpoint.
Read this by following how the price reacts to each trend. Does the price respect the lines? Is the price sticky to the trends or does the price change oppose them? With practice you will start to develop a new sense of direction and how to (at minimum) protect more capital.
I'm perma-bull when it comes to BTC, LTC, and ETH as a long term investments. Please trade your own timeframe goals.