61. Gann (Gann) matrix chart SquaresGann ~ BTC trend 2024/5/8 time window analysis
When the intraday trading on May 6 passed the previous high of 65463 on 4/20, the 4/29 time window was revised to: turning upward!
When 5/9 fell below the 5/8 low of 60851, a new downward trend was formed, and the second correction in the 4/29 time window was: turning downward!
5/9 is the 5/8 change time analysis day. The opening of 61169 and the closing of 63073 on the second correction day of 5/9 are used as the standard for judging the turning point;
The closing price on 5/9 was 63073, which was above the opening price on the second correction day on 5/9;
According to the "time = trend" analysis, the 5/8 time window is: turning upward! (Refer to "Gann's Matrix Diagram - New Time Estimation" P438)
The time trend moves towards 5/14...
The trend correction in the time window before 5/16 is: falling below the current swing low of 5/9-60601.
(Disclaimer: All information from this creator is for reference only! It does not represent any investment advice!! No legal responsibility is assumed!!!)
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