Post
Topic
Board Speculation
Re: Lose all your capital fast, with MatTheCat and his TA 101A!
by
MatDerKater
on 11/06/2017, 08:21:51 UTC
Maybe Gann-arcs are not very relevant to bitcoin and/or the stage of bitcoin is in. This fact alone van can be deduced from the line representing "reasonable growth"; it tells us that we should be at 2600 ... in 2026.

Don't under estimate the power of Gann. That is a weekly chart, and what looked as though was going to be an exhaustion candle, actually closed as just another continuation candle. Target is now $3600:



If Bitcoin does break out above $2930, then in terms of Gann, it will be a repeat of 2013, but one scale up.




I find the Gann is a very powerful tool as a kind of market roadmap. Not very good for taking trade setups though. Other tools got to be used for that.