Ganns famous 1x1 45° angle!

7 апр. 2020 г.

Today and for the last couple of days BTC has been moving up towards W.D.Ganns famous 1x1 angle, Gann is famous for this angle as he related it to a planetary degree around the Sun.
So if you imagine a 360° wheel/circle which represents the Sun, as you travel around the Sun, every 45° will be a resistance point in an up trend, the same applies for a down trend but this time it becomes support.
The reason I reference the Sun is because all planets orbit the Sun but aslo because Ganm used the cycles of the planets to trade commodities.
So if you have a look at where we stopped today, whilst it too was just above the .65 fib level it was to the tick on the 45° angle. Hope this makes sense. The attached chart also shows a date for a square out which means in short a trend reversal.