For educational purpose only. Final result.I am publishing the end result of my EW wave count Gann angle time fib combination to show how it developed differently over time then when I projected it.
I discovered this combination of EW, W.D. Gann angles, time and normal fibs 2 years ago through observing price-action many many hours per day.
I still feel awe when it all fits and I call it grace as it shows how perfectly mathematical this behaves. My only problem is that I can not understand or see yet how to properly project price.
I now use it as a confirmation of trend reversal but I would like to gain more insight in how to use it correctly in real-time then in hindsight as its 20/20 then.
Any comment, suggestions and additions are really appreciated.
Om Sri Satoshi Ji Namah
Gann Fan
Fib Speed Resistance Fan StudyThis is a study of how I like to use the Fibonacci Speed Resistance Fan to help predict future price movement*. While it's not difficult to notice the strong connection between the fan and price movement, turning that into something tradable can be much more of a challenge. Although there are undoubtably many opportunities, this study focuses on two potentially tradable ideas:
1) Riding the new breakout and confirming when it's no longer valid
2) Anticipating a new breakout
(*Study only. I did not trade this chart)
Bitcoin Price Analysis - Bubbles of the Past and FutureSince I got so amazed by the Gann fan and the Fibonacci time zone I tried to apply both to the historic Bitcoin chart and they align perfectly.
It may look like I drew the purple line of the Gann fan manually below the low of summer of 2013 and the blueish line by myself above the last two peaks, but no - actually the Gann fan is showing up there automatically based on the price data from the 2011 bubble.
You can see how the Bitcoin price growth has slowed down over the years as we moved from from the very explosive growing green channel in the beginning in 2010 quickly lower to the blue channel in 2011 and then over to the purple channel in 2012. Now the price growth is slowing down again for the fifth time as we are moving into the red channel. And watch the Fibonacci Time Zones, they seem to show up right between bubble cycles in the "stealth" phase before the "take-off". Something special is going to happen in early February 2015 which is going to fuel the next bubble (maybe the first ETF), since both this chart using 2011 data and my other chart where I used a Fibonacci Time Zone based on 2012,2013 data show a Time Zone line around February 8th, 2015.
P.S. Also check out my last charts with Fibonacci Time Zones:
and
