This is an idea that popped into my mind after watching BitFinks recent macro trade strategy at
Taking the peaks and slopes of the last two bull markets as points to define a Gann fan gives the next fan line intersecting exactly with ghost bars projected from the previous bull market. This intersects next summer at $280k.
I don't think it will go that far but I do think HODLing makes more sense now than ever which is why I am switching from short term trading to sit and wait mode.
I have some six month cycle trades planned but for those I intend to be very aggressive about getting back into the market after taking profit.
Taking the peaks and slopes of the last two bull markets as points to define a Gann fan gives the next fan line intersecting exactly with ghost bars projected from the previous bull market. This intersects next summer at $280k.
I don't think it will go that far but I do think HODLing makes more sense now than ever which is why I am switching from short term trading to sit and wait mode.
I have some six month cycle trades planned but for those I intend to be very aggressive about getting back into the market after taking profit.
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More examples of this pattern
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Using 2 fans to find pullback puts it at like 100k