Sideways market with Lumens as an example - everywhere I look it's more or less the same, I've been watching this since a day now, on and off, readjusting and making sure the angles are working.
So I have two Gann Fans in place from two extreme points as you can easily see, and a relative Fibonacci retracement scale from the lowest low of the recent correction to the highest alltime high, does this make sense ?
Interesting to see how the rise gets refused where the two blue Gann 2/1 lines meet, and then consolidate around the Fib 0.618, while Lumens go into another triangle that I don't even have to draw because the lines are already there.
I started experimenting with these TA tools mostly so I could identify bullshit or FUD traders might be throwing at me ("Bitcoin is going into a six month downtrend to the $ 4000 level now, as the Gann square is clearly showing"), and I would like to know if the above scheme also works for other coins but it's Sunday and I've so far been too lazy to check ;)