After squaring the price. The curves trends are built from key points signaled on my DWEB indicator.
This is the resulting Gann fan from the video posted earlier. See video link below.
Follow the price along each trendline. If you are bullish than hope the price breaks upward on each angled downtrend line. If you are bearish than hope the price smashes into and falls along each angled trend line. Long term = long Midterm = Leaning bull, accumulating and protecting. Short term = Think about your risk management plans and wait for confirmation.
Please see original here. I removed everything to the left of the recent high a squared the price from high to low and set the width to the lower high using VWAP influenced candles. You can clearly see this support is nature and still valid. The blue line from corner to corner shows an important trend to break first. The bottom trend line from the corner...
Here is the original chart. I noticed the pivots and levels to be in sync with the price action so I decided to remove the testing indicators and share. Always Bullish long term on BTC. Short term = N Midterm = Higher highs and lows needed
Uphill battle and it will have to fight some key MA's along the way. Long term I am always bullish. We are caught between roughly 35k and 45k at the moment but you can see the ranges I have charted.
Using DWEB, Bonfire, and Pirate Channels, I made a quick chart to find some common intersections and alignment between 4H and 1D. Marked major intersections with vertical lines but you can also add horizontal lines for hidden levels. Follow price along each line to see how it respects the trend at each level. Find patterns and look for momentum and trajectory ....
Used Bonfire indicator to square the price. This line is important as resistance. BTC needs to push through and close above. It would not surprise me to see BTC attempt a retest towards it after it does pump. Levels are marked with horizontal lines. Time does not stop for BTC so as long as it stays at this level (does not fall at line), time will push it...
I will follow the price along these curves to see if it bounces, follows, or fails at each line. This is not a target chart, this is a trend chart showing natural flow to points of interest that I see. The more the price follows and respects the trends, the more trust I will give to it. For now it's best to wait for confirmation on this one.
Keys for BTC to stay strong. 1: Above green Gann fan line. 2: Above 36k and 33k MAX 3: A retouch of the curved line is OK 4: Higher lows is huge Blue lines represent a price action scenario (not so much timing) that would work well. This shows the price bumping against overhead resistance but not falling much and then a break upward. This is a chart I...
Cross ref price and time. I used Bonfire indicator as well as powerband to find a time curve and intersections that align with Gann. Watch each level and trend to see how the candle respects each line. Does the price bounce, stop directly on, follow or fail the tend or level? This chart was built long before today (as seen in tweet).
*Just a 4hr chart therefore much can happen to paint the 1-3 day and weekly candles. This is a small snapshot of what I see and try to plan for. I look for price reactions at each level, crossing, the trajectory, equilibrium, momentum and how the price respects the Fixed Volume Profile from chaos to current. At the time of publishing, there is lots of 20k talk....
I made this fan during a video explainer on how the alignment tool works for DWEB and Gann fans. I feel it would be a good idea to publish the chart to follow as well. The original concept was to show how you can create some confluence of your own, even after chaos. See video link below.
This Gann fan was made from the recent low to alignment points on my Antilag indicator (corner marks). Probable bigger moves showing up are marked in blue. See below s3.tradingview.com
I did a quick mock up of something I see and want to test (short-term). The levels may stick long term but I am mostly interested in the local trends as resistance and support. Overall I am long but I am prepared for lower.
DWEB indicator has a built-in feature that allows you to cast quick and meaningful Gann fans from specific points in time/price. See part 1 (Red Taps) here
See how quick it is to lay down some Gann fans that are very natural to price and time.
Paying attention to the BTC value in alts is huge. Buying coins that are still at bottom value in BTC can really reduce risk if you are looking for an entry. I used Bonfire and DWEB to find Gann trends and levels to watch.