XRP/BTC Time AnalysisThis analysis is not intended for price prediction but for timing. This means that important dates are located on the graph, at which reactions can occur and are marked with red vertical lines. Arrows are purely symbolic and the opposite direction can also occur as shown. However, considering that this pair has been in a downtrend for quite some time, possibilities of a near rebound exist.
With green horizontal lines, the more significant Gann levels are marked, and breaking through one level can lead to the next.
As you probably already know, I started exploring a new Gann method, focusing on key dates where a trend change might occur. Later, I will delve into price analysis.
The backtest revealed incredible price reactions at precisely determined dates when the top and bottom were reached. These are shown in the graph below with red vertical lines, which I've labeled with numbers.
Next up is number 6, and if history repeats itself, wave number 7 will be swift, lasting 5 days. Most likely, this will be followed by an uptrend and then a prolonged corrective phase lasting 23 days.
The important dates are as follows:
Wednesday, 6th September; Tuesday, 11th September; and Wednesday, 4th October 2023.
If this analysis holds true, it indicates that the mundane price movement will continue until next Wednesday.
Opomba: Ta metoda je v fazi testiranja in če bo držala, bom o njej v Septembru pripravil video tečaj
