Beginning phase of macro move, to be continued...
For educational purposes only, not financial advise. Cheers...
For educational purposes only, not financial advise. Cheers...
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During our educational journey we will observe momentum here. Many do not understand the principles of the Gann Fan. It is not for detecting support and resistance, it is for observing momentum. Long before computers and indicators when charting was done with paper and pencil this was one way to observe momentum.
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Second 45° Test, confirming downwards momentum.
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Downwards momentum confirmed.
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Considering current macro economic conditions illiquidity of the crypto space will be a persistent problem for a while. As a trader this can be quite dangerous if the proper risk management techniques are not applied. This is a good example of this problem, and needs to be posted as we go together on our educational journey. I will likely need to create another Fan, because the purpose of this one was to show the ebbs and flows of momentum. Considering the abnormality that has occurred this will likely cause some distortion.