GANNMAN

BTC GANN Angles followed perfectly

BITSTAMP:BTCUSD   Bitcoin
As you can see, BTC has made several attempts to break above Ganns famous 1x1 Gann angle which also represents a true 45° degree angle. To be able to hold above this angle is bullish.
The dark blue line is Ganns 33% and 66% angle which both not only provide support and resistance, but these two angles represent 33/66% of a price range but more importantly, a specific harmonic of a time cycle.
Gann used Astrology and Numerology combined and said that whilst all the planets revolve or oscillate around the Sun, there latitude or positions in the sky are most important because there positions need to be converted to a 360° workable wheel.
Anyway, what you see on my chart is a reference to certain degrees represented by certain planets, hope this makes some sense which is difficult without any context of Gann.


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.