One of my charts I built for myself. The idea for these charts is to see how they unfold and build trust. I will say that the lines you see are intentional and built from some pretty solid data I use. The price may respect the curves as time pushes it through each ring. Also there is much more that can be added by using tangents and intersections. You can imagine...
I make these for myself and I am sharing this as-is to show how you can use alignment, geometry, price/time to capture price action with trends and pivots from intersections. I know how to read it because I built it but I hope this is proves valid confluence for others. The simple way to look at it is to follow the price , and see if it respects the trends ...
I noted that BTC would pause around 28k and alts would play catch up. This is a necessary sweep for alts as new money in terms of fiat are falling flat. The timing is perfect with momentum strongly in Bitcoin's favor, the algos sold off / liquidated alts into BTC for mild gains (in BTC pairings) but in return now get to capitalize on those gains + a...
This is the chart in the video previously published. The only thing that was added is an inverse Gann fan from the top right corner. You will see this fan captured the previous peak near perfect. I'm perma-bull when it comes to BTC, LTC, and ETH as a long term investments. Please trade your own timeframe goals. Description from video: From previous shared...
I used one of my tools to square the price over 144 bar spacing to find the segments and an average to lock the scale to 45 degrees relative to price and time. Not many know that while holding shift and using drawing tools you can lock to 0 45 and 90 degrees while drawing. Likewise you can hold shift while moving drawings to drag the drawings along the same plane....
Box trends and levels on BTC. After squaring the price/time to find 45 degrees, I use rotated rectangles to capture the price. Next, I clone the boxes and move them in a symmetrical order to bring not only what is possible but a visual of balance to future dates. I've found that marking the corners, midlines, and intersections from these boxes usually hold strong...
See original where I used the forward/outlook indicators to predict the last pivot. With that I was able to find natural trends using the next pivot as a center and recent high as the comparative level (vertically). Bulls would want divergence over the declining Safety Net indicator below.
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.
The most bullish Bitcoin scenario is still alive but a push above the grey indicator is key. Please see the text provided on the chart for an example of how this bullish scenario may unfold. You have to visualize how the second group of indicators need to move to synchronize trajectory with the red and green stepline channels.
see original here Testing an indicator that stamps lines at specific price and time junctions. The signal is based on the micro reactions of a single candle to VWAP , and Gann measurements a places lines at key levels that are natural. This casts a price/time snapshot of when algorithms worked the hardest and adds and subtracts trajectory.
Gann fan made from my DWEB alignment tool. Follow price along the trend. I will post original snapshot below.
Created using an alignment too built into my DWEB indicator. Follow trends and levels to see if they are support or resistance.
This is not a new idea or concept but it is something that should be visualized and prepared for. I'm not saying this is going to happen but I see this pattern unfolding on a few charts. All I can do is watch it live, manage risks, and look for confluence/confirmation patiently. I did reduce risk near the local and patiently await for some of my signals to come...
Pretty simple visual. LTC has been in accumulation mode in the BTC pairing for a long time. It's current PA looks like many other coins (like ETH) but lagging. Time is an important factor and one of the easiest visuals to apply. Start , End or Start, Middle, End. The channel is also just extending the most common mean (trend) and doubling it in height below....
Here we have a BAND, a newer asset with good fundamentals. Often the best way to chart newer assets (for me) is by using Gann and Bonfire for squaring the price to time and history. I often use Gann fans in odd ways to find natural alignment and intersections for trend data, levels, and pivots.
Bonfire sq. chart showing Gann trends to 45 degrees, levels and pivots. Long term bullish. See original below for full details.
Added simple trendline closest to the local price for trajectory purposes. Original post here:
This method is turning out to be great for locking in what I call "crucial price memory". I build trends based off my custom indicators that show hidden trajectories and balance. Having base trends to follow brings confidence in my trades. When the price stops on the line after a long run up or down, it adds a layer of confluence.