I like checking out different tools to see what other traders may be watching for. I particularly like the GANN FANN as a way of visualising moves and where support and resistance may be. Price may follow the recent Bullish Gann Fan and if we break higher than the resistance at 10100 I like the play for a higher high.
评论
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Remarkable- Price is remaining faithful to the 1/1 gann level and has just broken the 4/1 level of resistance. We should see price head to the last level of resistance 8/1 red line.
Nice call! It's tough not knowing what people will do next with BTC and the market being so new.
gillianpatrice
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Hi StoneLuv, I like the idea - highly possible good to plan for long and short game.
StoneLuv
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I am unfamiliar with this technique. Thank You. I will look into it. What do you think of this?
fractal72
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@StoneLuv, well, market will decide, but ask a question for yourself: on the 60M timeframe, how many times was EW supportive in the past? My experience is that as you go lower from 1D the value of this method decreasing significantly. Add the volatility of the crypto as a factor to use EW in higher time frames.
gillianpatrice
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@fractal72, You have a point. But it just depends on your trade plan - was it a day, swing or a carry trade and that defines your target and profit take and your plan to exit.