Woo-Woo Price Action Prediction for $BTC
Testing a method based on some Gann Principles.
In theory, using a circle to square price and time should lead to a theoretical point in time where price could react when a vertical line is applied to the outer right side of the circle. Using a trendline of candle bodies I arrive at an intersection that crosses that time line at the 55k area suggesting a possible drop to that price on Tuesday, October 6, 2024.
Let's give it a whirl.
NOTE: ON MY SCREEN THE CIRCLES FILL THE AREA BETWEEN THE VERTICAL LINES. THIS CHART DID NOT POST AS ORIGNALLY CONTRUCTED OR DISPLAYED ON MY SCREEN. However, the vertical line marking the prediction still stands.
In theory, using a circle to square price and time should lead to a theoretical point in time where price could react when a vertical line is applied to the outer right side of the circle. Using a trendline of candle bodies I arrive at an intersection that crosses that time line at the 55k area suggesting a possible drop to that price on Tuesday, October 6, 2024.
Let's give it a whirl.
NOTE: ON MY SCREEN THE CIRCLES FILL THE AREA BETWEEN THE VERTICAL LINES. THIS CHART DID NOT POST AS ORIGNALLY CONTRUCTED OR DISPLAYED ON MY SCREEN. However, the vertical line marking the prediction still stands.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.