BTCUSDT analysis using Gann Fan on Falcon CCI Gann Fan is amazing, it is very straight forward and gives us an idea about market bounces.
Here in Falcon CCI, the Gann Fan will give us bounces where market will change its direction, a trend reversal perhaps. This method can be used when we are not sure where the market is going and gives a very clear indication so far in 2021.
I have done some back testing and results are good even in Daily and smaller time frame charts.
Here we are seeing that 4/1 Gann Fan from the top is in action, and needs a bounce confirmation to form a higher low, once this is done then CCI should quickly move up. Current weekly CCI20 level is around -41, indicating over sold area. RSI seems to be low too at 46, last July 2021 RSI was around 41 when it bounced and price started moving up.
It is exciting to trade crypto because of so much volatility but TA gives you enough chances of making the right direction.
More on this soon.
