Gann Tools for Better Crypto Currency Trading Outcomes
30 Pages Posted: 9 May 2019
Date Written: April 11, 2019
W.D. Gann was a legendary market technician a century ago when loud, clunky wooden boxes hammered out the latest stock quotes on ribbons of tape that collected in piles on the posh floors of Wall Street investment firms. Arcane concepts such as the Golden Ratio and the Square of 91... number spirals and 360 degree angles...cryptic astrological references... an uncanny ability to predict stock prices coupled with rumors of fantastic fortunes...all of these things make up the Gann mystique. Like Elliot Wave, the challenge of Gann angles is that it’s not clear how to apply the rules and the guidelines themselves do not work consistently. Traders have to consider the odds and realize quickly when they are wrong. Like looking forward to a stroll on the sunny side of the street both day and night, rain and shine, a lack of timing will bring disappointment. This paper will demonstrate that in 2018, Gann angles applied correctly to cryptocurrency charts achieved trading outperformance.
Keywords: ethereum, litecoin, crypto, elliot wave, bitcoin, blockchain, crypto currency, trading, bitcoin price, W.D. Gann, technical analysis
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