I am a Bitcoin evangelist, maximalist, and educator whenever I can be, helping to spread its message of freedom from government control, monetary policy mismanagement, and passing the buck - literally – to future generations. Here, I explore my newfound passions pertaining to privacy, finance, economics, politics, cryptography, property rights, and other libertarian-esque views. Behind the pseudonym, I'm a global remote work leader with a decade of award-winning content experience and excellence. If that important level is breached with strength with a weekly close, Bitcoin will be preparing its jets for its greatest bull run of all-time. $11,500 is also a critical weekly close and Bitcoin price level that hasn’t seen a weekly close since January 2018. Below $9894, “bears take over.” This is all based on the “Gann Median Yearly,” which currently sits at $11,500. A break of $13,146, he says, will end “accumulation” and start the real bull phase. Using Gann theory, Kaku also provided some important price targets to watch for. Cautious on the daily close tho, price might be forming a potential 'Bearish Harami' reversal candle pattern. Great bounce at $11460 and the support holding strong! Gann trend line update here too. The analyst also shared a look at how past Gann Pivot led to strong trend changes or powerful price reactions, giving credence to the theory.

Gann used unorthodox techniques such as astrology, moon phases, key dates, and more, combined with ancient mathematics centered around geometry and the golden ratio.Īccording to Kaku’s analysis, the next “Gann Pivot” occurs around August 11 and 12 – or this coming Sunday and Monday. In the early 1900s, long before digital currencies, trading bots, online trading, or advanced charting software, there was a legendary trader named William Delbert Gann. Gann Charts Could Help Predict Bitcoin Price Targets, Timing, and More The indecision may have been easily predicted, using Gann theory – the practice of using mathematics, geometry, and time to predict price movements in stocks and other financial assets – according to one analyst’s “Gann chart.” The same chart also appears to suggest that Bitcoin price is at a critical “do or die” moment that will define the months to come. Bitcoin price continues to struggle to regain the bullish momentum it had during the parabolic climb above $10,000, but bears have also been unable to push the price of the leading crypto asset by market cap any lower, resulting in an impasse that is playing out in recent price action.

Moon and w d gann