Gann Fann, Bitcoin and A Return to Triple Digits
Updated
What's up my fellow crypto hounds!? I hope everyone is good and you are all making it through this boring AF sideways market relativley unharmed :) ! Well Today I was playing around with some different tools on TV and found an interesting pattern with the gann fan and its relation to bitcoin when used to plat significant resistance and suport areas since the inception of bitcoin! Now, this chart can of course be invalidated at any time and we could pump to "da moon" however as you all know I think that is highly unlikely and bitcoin has most likely hit its ATH for at least the rest of the decade if not forever. Anyways, do what you want with this information I am just putting it here because I thought it was very interesting how many times the gan fan, when measured from BTC inception to ATH , has played a significant role in the bitcoin price action! If it is right or wrong this chart is at least interesting!
As an ending not I want to say I know many people on TV and especially on twitter laugh if anyone brings up the possiblity of returning to 3 digits but as I have shown on a couple of my charts according to TA it is not ridiculous at all and is in fact entirely plausible. All I am saying is please try and keep and open mind and do not get emotionally attached to your trades. Bitcoin is just another thing to trade, it is akin to penny stocks as it really has no true value but is highly speculative and volatile and therefore attracts the gamblers to the space who thrive off the thrill...don't be this kind of person, realize that bitcoin is here to make you USD plain and simple. Ok, I hope you all enjoy this idea, all the best
Red Boar
As an ending not I want to say I know many people on TV and especially on twitter laugh if anyone brings up the possiblity of returning to 3 digits but as I have shown on a couple of my charts according to TA it is not ridiculous at all and is in fact entirely plausible. All I am saying is please try and keep and open mind and do not get emotionally attached to your trades. Bitcoin is just another thing to trade, it is akin to penny stocks as it really has no true value but is highly speculative and volatile and therefore attracts the gamblers to the space who thrive off the thrill...don't be this kind of person, realize that bitcoin is here to make you USD plain and simple. Ok, I hope you all enjoy this idea, all the best
Red Boar
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Just a quick update about that giant wick we saw develop today....As you can see we had the same price movement in 2014 :)
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here are some of the fib levels I am watching as we crawl our way to the bottom!
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