Just about to hit my Gann fan trendline, is it going to ride it or pop it??
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I'm a fan of the Gann fan.. I'll have to study up on it :)
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Since I have mostly been trading based on trend lines and the Gann fan, and exploring TV charting features.. I have been trying to tweak my indicator values a bit.
My theory is that all the standard charting tools were created for a completely different market and are being applied to crypto because they're the shoes that fit the best. Since crypto is so much more volatile, I have been shortening the intervals fed into the indicators and then trying to see if they match up against historical data in a way that allows for better anticipation, rather than reaction.
The EMAs & SMAs from my BTC chart are pretty interesting on ETH chart right now and support my shorting theory.
My theory is that all the standard charting tools were created for a completely different market and are being applied to crypto because they're the shoes that fit the best. Since crypto is so much more volatile, I have been shortening the intervals fed into the indicators and then trying to see if they match up against historical data in a way that allows for better anticipation, rather than reaction.
The EMAs & SMAs from my BTC chart are pretty interesting on ETH chart right now and support my shorting theory.
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Stop loss moved to 508.
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I do not think we're going to see another test of the top of that false bull flag.
