After the struggeling with all kind of paths before 🎲 Bitcoin Pump'n dump Psychedelia Flag day I started playing with the GANN fan.
The Gann fan is set from bottom to top, and we can expect price moves within each channel for the channel period of time.
With us being in the blue channel now It is easy to see we are going for the E and 2 waves.
Breaking down to purple channel would make that a valid playroom for sideways move.
If any experts on Gann fan read this I'm interested in your insight, leave me a comment.
Here is a closeup of the Elliot subwaves
TD count on 1 hour chart say we can drop a few hours more, and the support line is broken.
These are just my thoughts, not a trading advice.
If you have another view on this post your welcome to discuss and post your charts in the comments.
If you'd like my technical analysis on another coin, please ask in the comments.
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The GANN fan 3/1 held so far
Hi, @thedolphin, thank you for your analysis. It is too bad some people post so much spam on your blog.
My comment is related to bitcoin price though..Some traders saw a death cross yesterday and believe that due to this, the expected direction is down - probably a new lower low. Have you seen a death cross and if so, do you think there is a good reason to believe they might be right? Thanks!
Hi @humblestudent yes you are right, there is a death cross of 20 and 200 moving averages, the candles don't look overly positive either.
I still think we go up from here, based on the 1 hour chart. Spot on the E wave.
Thank you! Well, we'll just wait and see how the price goes. Interesting idea with your contest to guess the price!
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