Gann Tools for Better Crypto Currency Trading Outcomes

30 Pages Posted: 9 May 2019

See all articles by Daniel Bruno, CMT

Daniel Bruno, CMT

Market Technicians Organization; Said Business School, Oxford University

Date Written: April 11, 2019

Abstract

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

Suggested Citation

Bruno, Daniel, Gann Tools for Better Crypto Currency Trading Outcomes (April 11, 2019). Available at SSRN: https://ssrn.com/abstract=3370625 or http://dx.doi.org/10.2139/ssrn.3370625

Daniel Bruno (Contact Author)

Market Technicians Organization ( email )

61 Broadway, Suite 514
New York, NY 10006
United States

Said Business School, Oxford University ( email )

Oxford, OX1 5NY
United Kingdom

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