Bitcoin (Gann Fan) Tutorial Basics

Gann fans are a form of technical analysis based on the idea that the market is geometric and cyclical in nature. A Gann fan consists of a series of lines called Gann angles. These angles are superimposed over a price chart to show potential support and resistance levels.

🌀 The Gann Fan was developed by W.D. Gann.
🌀The Gann Fan is a series of angled lines. The user selects the starting point and the lines extend out into the future.
🌀Gann believed the 45-degree angle to be most important, but the Gann Fan also draws angles at 82.5, 75, 71.25, 63.75, 26.25, 18.75, 15, and 7.5 degrees.
🌀The Fan is started at a low or high point. The resulting lines show areas of potential future support and resistance.

The Difference Between a Gann Fan and Trendlines
The Gann Fan is a series of lines drawn at specific angles. The 45-degree line should extend out 45-degrees from the starting point. A hand-drawn trendline connects a swing low to a swing low, or a swing high to swing high, and then extends out the right. The trendline is matched to recent price action and is not drawn at a specific angle.

Step By Step - Application;

Gann is a popular tool & has many resources available online - This breakdown was just a quick look into how to apply them.

Please feel free to send questions below.

Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.

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More confirmation of respect of these Gann levels - here's an update.