Gannfan

Gannfan

Here is a double bottom pattern which has formed at a major support area on the Daily chart (Support is from the low of 28th Dec 23). It's formation is occurring after a 5.3% decline, which began on the 26th June 24. The neckline has been broken, and retested, with price showing strength in that area through evidence of buying pressure (engulfing candle on the...

Gannfan Updated 

Here I've established a downwards channel on the four hour chart of Bitcoin. I'm attempting to time the breakout of the current potential consolidation channel. The white line with question marks added, is to illustrate the need for a new low, so that we might establish the change in sentiment visually, when it happens. The low, will provide us with critical...

Gannfan Updated 

Okay in for a penny in for a pound. Here we have a classic Megaphone pattern (which you can see by having a quick google on Google). This is obviously a very bullish scenario, and would represent a renewed interest and demand for Bitcoin, one I cannot see as evident given the details surrounding the proof of work system (PoW), Bitcoin employs, and how it could...

Gannfan

The Pound has been building positive divergence against the Dollar for fifteen years (thirteen and a half years without weekends and holidays). We can see as evidenced here by the MACD (Moving average convergence and Divergence), that there have been three major monthly lows created on April 2009, January 2017, and September 2022. Whilst price has moved to these...

Gannfan

This is an array of possibilities in order to look back in Feb 2022, to see which one follows price the closest. I think this is an interesting test of perspective about the future, since price is showing bearish divergence at present one would expect the channel top to provide weakness. To you reading this, feel free to check back periodically to watch the...

Gannfan

Colour chart defining the levels of monthly support and resistance.

Gannfan

Here are the main forces of momentum acting upon bitcoin. It seems there has been a rejection followed by support which could spell more upwards movement.

Gannfan

Showing the 3d nature of angled lines and their ability to create a landscape.