GANNMAN

GANNMAN

Today and for the last couple of days BTC has been moving up towards W.D.Ganns famous 1x1 angle, Gann is famous for this angle as he related it to a planetary degree around the Sun. So if you imagine a 360° wheel/circle which represents the Sun, as you travel around the Sun, every 45° will be a resistance point in an up trend, the same applies for a down trend...

GANNMAN

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...