my fundamentals say buy.. but price action doesn't look great... either way its very possible to see a push up into this major 45 degree trend line through gann.. this is just my analysis, trade what you understand! :)
His original book said you must make 45deg line move 1 point a day. (I mean 1p=1usd)
AKA 7points a week on weekly chart.
But how do we adjust it to btc and other thing like futures?
It must be wrong to use 1 point as 45deg on btc.
IDK How we should adjust it. Maybe you guys have good ideas?
Please comment if you have your thoughts.
On the APPL it's two 45deg ...
New quarterly cycle just kicked in from ~20 September 2018 till ~21 September 2019.
We're going up till ~29 November 2018 after that will start going down with the yearly Christmas/new years chaos coming. I expect it to go up around ~21 February 2019 again.
Important levels we need to break: ~7550 and ~9940after that the bulls are in control.
Hey, when using Fib Retracement levels in log chart, their value is calculated according to linear price value, not according to position in a chart, but i found that if u use Fir Channel levels are drawn based on distance between given points.
So to draw long term Fib retracement in a log chart we can use Fib Channel and draw it horizontally.
The image you are seeing is a rare (only because not many people use it) and old form of technical analysis from WD 0.07% Gann's work: the Square of 52. The Square of 52 is a 52 week time cycle that begins at an important high or low, in this case the all time high of Bitcoin -5.56% . What we have here is the exact center being traded, and it's at the bottom of a ...