Image Source
I've been keeping tabs on the major coins with the recent Gann angles, and so far so good. The Pythagoras of trading's angles are seeming to make some sense in respect to price. Of the big alt coins, only Bitcoin Cash is lagging. BItcoin, Ethereum, Litecoin, EOS, and Ethereum Classic all have broken north of the 45 degree trendline from the September high.
The rules I'm following are :
- Buy once price closes above the 45 degree line from the recent high
- Sell once price closes below the 2:1 trendline from the recent low
Here are the charts:
And the one laggard...
Baby steps for me with Gann, but I really want to continue to learn more about Gann's methods. If anyone sees anything I'm screwing up, or if they have some books, websites, or articles they'd recommend, I'd appreciate the feedback. Have a great Saturday night everyone.