The Gann Fan is a technical analysis tool created by WD Gann. The tool is comprised of 9 diagonal lines (extending indefinitely) designed to show different support and resistance levels on a chart. These angles -drawn from main tops and bottoms- divide time and price into proportionate parts and are often used to predict areas of support and resistance, key tops and bottoms and future price moves. Please note that the chart needs to be scaled properly to ensure the market has a square relationship.
The method is based on the notion that markets rotate from angle to angle and when an angle is broken, price moves towards the next one. The most noteworthy angle is the 1x1 or the 45° angle, which represents one unit of price for one unit of time. A change in the direction of price is expected when the market reaches an equal unit of time and price, up or down. During an uptrend, if price remains above an ascending angle, the market is considered bullish and vice versa. TradingView has a smart tool that allows users to draw up to 9 customizable angles on a chart.
Lot's of negativity going around crypto b/c of the price. I guess people just assume when something goes down in value it is no longer legit or is a scam. While there are plenty of scams in the crypto markets Litecoin is certainly not one of them. When you buy Litecoin you are investing in a decentralized network that does not try to replace Bitcoin but instead...
The usd index has fundemental and technical analysis but I find it bearish to down level
And maybe has upward and then be moving down
Then I prefer to use this analysis at other analysis
I kindly hope to have your ideas in comments.
Thank you for your attention.
I will use this chart to say, "I told you so!" LOL, No! I wouldn't, no matter how tempting it might sound!
The world has come to a point where something absolutely of no value or practicality, is priced the most and something of utmost value, completely ignored and discarded. Loud and dumb is the way forward, so either learn to live with it or perish! ...
I was quite frustrated not being able to figure out BTC's next move and all I had to do was step back for a bit and see the bigger picture.
Voila! It hit me finally! So, who hasn't had a bitchy tramp's cunt at least once in a lifetime, huh?! Once you get associated with it, it will have it's own way with you. Know what I'm saying??? No offense meant to any...
Breakdown below the 8/1 line would be ultra bearish and we would see 4k bitcoin again. Long is not recommended at this point of time until clear upside break of weekly 7ema.
based on the swing chart and main bottom and the direction of the eur/usd. it is very likely we have to see an uptrend in the pair.
signal:
Buy: entry at 1.1140
tp: 1.1343
sl: 1.1197
for more technical analysis join my telegram channel: @signals_market
I'm a strong believer in a fractal universe.
Nature is self-similar across scale.
Human behaviour and market valuations are natural phenomenon.
What i really like about this particular fractal is the scale at which it operates.
We can use a smaller portion of the chart
Against the entire one
to help us understand something.
Now a big, big unaccounted for...
Always look to the overall long-term trend. While the trend has been clearly up, we're also hitting key resistance levels and seeing BTC struggling at these levels to maintain momentum. It's unlikely to suddenly pick up a ton of steam again and blast through these levels before heading back down to test some lower levels first. This week will be our second...
After discovering the World Currency Unit (WCU), essentially a basket of GDP-weighted currencies, and looking into how it was calculated, I realized it would likely serve as a better indicator of the Real Value of Gold & Silver.
I've been following this exact chart for a while now; Very interesting how well it's lining up with fib levels, as you can see. I've...
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