How to set up a Gann Chart on Bitcoin (BTC)


I’m kind of spacing out here because I can you show us how to set up a Gann chart? Absolutely Good question All right, so there are a number of ways to Create a Gann chart probably the easiest and the one that you should learn first is How to square a range So I need a Brandt. We’ll use Bitcoin for no. You know what? Not bitcoins kind of hard to do this on and because because it’s so new so it’s hard to well Now we could use Bitcoin, that’s fine. Yeah, we can use Bitcoin. So we use bitcoins chart. We need a brand new chart though And this is being recorded so so if you get lost or if it’s you want to reference it later you can watch this recording And here’s what we want to do we want to go to a daily chart all right, very important that we go to a daily chart and I’m use I’m using coinbase for this We’re using the Bitcoin dollar coin base pair Okay. First thing you want to do is send this doesn’t matter. What kind of doesn’t matter this is Bitcoin or whatever you want to identify the first two things you want to identify where the all-time low is and The all-time high so for Bitcoin, the all-time high is over here. It’s to the right of the all-time low So the all-time low on coin base is sitting down here Where the all-time high is over here if we were looking at something like the dollar yen Where we would have we would see the all-time high as is in the past And the all-time low is down here. That’d be a different chart We’d be squaring the range of a high to low instead of low to a high. So in Bitcoin, that’s what we’re gonna be Squaring is that we’re squaring the range of a low from a low to high Why is this so slow and choppy? It’s just weird Okay. Next thing we want to do is We want to get the horizontal line doesn’t matter what color it is. And we want to put it right on the all-time high When I make it thinner because it’s more accurate Now if you’re wondering how do you get it to kind of stick on there if you if you use the magnet mode? this icon here on the left of my screen or if got my cursor on it magnet mode will put it near the The higher the low so here it’ll kind of automatically throw it onto the high. It’s a very nice little trick Now I’ve got that done now This is a very important part. This is the part you do not want to eff up or you will ruin everything you’re going to right-click on the screen and go to properties and we need to go to scales and We have to square the chart squaring the chart It doesn’t matter actually what the ratio is when you square it as long as when you’re applying the square You keep it that way until you’re done putting the square on there. So you know in in some Instruments, you know You can go one you can use one where you go one unit of price equals one unit of time. Sometimes you have to do 20 units of time for 20 units of price or one unit of price We want to get it to where you know, depending on on your screen, you know You want to get it to where it it’s gonna be a square as possible. So because if we do it with a 1 This is just not gonna work out at all. It’s it’s way too congested. We could do it at 10 maybe still a little too tight, but probably 100 Is well that’s way too much too. Yeah, we don’t want 100 50 50s probably okay. Yeah lookin dude, we could do 50. I forgot what I did with The one on my Bitcoin so now this is going to cash this is actually Well, we can do it so if you see the all-time low over here it’s very on the very bottom This is kind of this little nipple hanging out here for lack of a better description That’s the that’s the lowest low that we have on this chart And what I’m gonna want to do is get the Gann square fixed all right, the Gann griffix very important to get the Gann square fixed and I’m going to put it on the low there and you know Depending on how good or bad your eyes are you can see that you know You don’t have to put it right on there with the cursor It’ll just kind of the magnet will just kind of drag it to it now. I’m on the low I’m gonna click once and will move my mouse until this green Middle line here this diagonal line. That’s the 45 your angle until that intersects With the horizontal line now while you’re doing all this do not scroll you will you will screw up the square Okay, don’t scroll at all. Don’t scroll in route You have to maintain this until we get it until we get the actual square down Okay, so I’ve got that square on there The next thing I need to do is I need to go back up to that Same tool bar where I got the Gann square fixed And now we want to go to the Gann box. Now the Gann box is is just a name. It’s not Gann box is just kind of a name for any square that Gann used So Gann box I’m gonna put it at the same place I started and what I’m gonna do is I’m gonna move this so that it follows the 45-degree angle until we intersect with That horizontal line. Okay, and Then once I have that done, I just click and I have the square there. Alright, then I can delete The the the bigger square that I don’t need that anymore Okay now all I have to do and And now this is where you can if you want to right-click on your screen and go to price scale You can go back to auto scale. That’s fine now all I need to do is I need to Clone or copy this and I’m just going to slide them so that they are on top of one another All right, so I’m going to keep doing that clone All right, and I’m going to clone it again And there is There’s the square on the chart Okay. Now your square this is the fascinating thing about Gann squares is that they’re just fractals All right, like they’re fractals you can actually I mean if you wanted to you could take You could take the you Could double the size of of the squares if you wanted to I Mean you would have to create put a square above Two diagonal to the right of it. You could create a large square like that if you wanted and and in some Instruments you have to do that because you just won’t be able to trade on them So anyways, I’ve got this on the daily. Sometimes a daily is not a very good chart to look at Because the the candlesticks they they float inside and out the angles quite a bit Sometimes you got to bring it down to the four-hour the hourly, but you know, depending on how your square is set You can see that Prices like to follow angles prices like to trade in the angles. They like to trade in the the various geometric shapes that form around these angles You can tell that they kind of kind of gives you an idea of a trading range around them Like we have this Head and Shoulders pattern here But we also know that there was a break of that Before the neckline was broken because of this angle here. So, you know, this is this is just an example of how to Create that kind of a square now The other part of okay also, I’m gonna I’m gonna mention this because your gam box probably doesn’t look like this because by default It looks like this So to fix this is is very easy you double click on it or you right-click on it and We see all this stuff in here these two shaded lines where you can adjust the opacity of that just turn those all the way over to the right and select angles and Then there’s all the angles now the issue with Trading views gain box is that it uses only Fibonacci ratios of time and price where Gann used Gann had different I mean the really the the angular nature is shared very much with the Fibonacci levels Gann angles that he used are very Much. I mean they might as well be there They’re there in the same realm as as naturally-occurring Fibonacci sequences. So that’s what we see Here, but the time cycles I would get rid of them except for the 50% one Because you’re not gonna need those and one other thing I think I don’t think I’ve ever mentioned this in forex lands, and I don’t think I’ve ever mentioned it and Well now I have in our forex lands group. I don’t think I know I’ve never mentioned this in Our crypto room is The time cycles I’m gonna give you one right now. This is called the law of vibration This is this is something that Gann He wrote about this and he He didn’t really he purposely kind of made it difficult to get but there was a there’s a guy named Tony Plummer who wrote a book called the law of vibration and And it is a it is a mind bender man. I tell you what it is. It is out there but He talks about the law of vibration and really talking about a pattern that is constant consistent in everything but in that what I’m referencing is the time cycle, so how you apply the law of vibration is you identify a major swing higher swing low So for instance, the all-time high right here is that nineteen thousand eight hundred and whatever it is We start the day after that. Okay. So the next day I put a horizontal line there. I like to color that blue I’ll make it thicker so you can see it. Alright now We want to measure out a period of days the law of vibration is a hundred and ninety two day cycle Alright the law of vibration goes for 192 days Alright now, is there a coincidence that there was a major swing low Found at the beginning and the end of a new time. So not time cycle in the hunt and the 192 de la vibration No, that’s not a coincidence Further We will divide this by every 24 days So halfway in between 192 is 96 And then I color these lines The middle line light blue and I don’t make a mistake that’s just you know, you can do whatever you want to do, but that’s an idea and Then you know there’s I actually just a lot of times now. I just put in the the The red vertical The 48 day rotations 48 days, this is red So each every 24 days there’s a There’s a behavior given to those days, right so Where you see the exact middle of that time cycle is where you have The very this ax is a resistance in time to the trend in force All right, and then the red areas are also their pivots in time So these areas themselves any red horizontal red vertical levels? indicate a source of resistance to the trend in force, so, you know when you when you know, you’ve got a pivot coming in a vertical pivot like this 48 days after the beginning of a of the hundred ninety day cycle and forty-eight days before the end of that cycle the beginning of a new on whenever you see this horizontal bar and you know The market is trending up to it Sometime before or after you have an extremely high probability of price falling or rising Just in the counter counter of that move. Okay, this doesn’t mean you’re always going to see long term trend changes but it doesn’t mean that you have a very high probability of price moving in the opposite direction, especially if volume is approaching that zone and So I think for a lot of people when they’ve tried trading and they’re trading only price You’re only getting half of the market when you do that Market geometry these these lines these angles This is gonna seem weird But and I and I hate to say it because I hate moving averages but these angles are really not They are like support and resistance and that price treats them like that. But what they really are is Their levels of momentum. That’s what in the gand box or AG and square these these diagonal lines represent momentum and So when something is train? It is considered price and time are considered to be an equilibrium and square when they’re trading along one of the forty fives Okay. Well as long as price is trading up a forty-five that means it’s trading in the equilibrium When prices are trading a way above the forty-five, that means they have a high probability Of snapping back down to that forty-five and when prices are trading well below that forty-five They have a high probability of trading up to it. Okay? So as we’re looking at this new square we drew we can see that we are trading below this forty-five and we haven’t had a responsive selling and I Mean, how many days are we into this? I Need to go to 48 days Well beam me up, mr. Scotty, I’m gonna say we reverse around here What was the trend coming down to this Hornsey to this red horizontal pivot in time down I’m gonna say we move back up. All right That’s what I’m saying now depending on how you squared your chart and Depending on how what what what the number was that you squared it. Yours may not look the same. I know that mine does Like in the square Like this is a the these charts this isn’t called a square of 144 it’s a different It’s a different Form of a square Because some markets are more sensitive like like Bitcoin for example I have found is more sensitive to this kind of a square than it is to squaring arranged but squaring arranged I Think is I mean, I trade futures and Forex and Kryptos The square of a range is very effective in forex, and I found it to be very effective in in equity futures But the square of 144 seems to be more accurate for Bitcoin at least and I was trying another square. It’s the square of 52 That Square 52 is Another one I was this is the most recent one that I’ve worked on and I think bitcoin is pretty Sensitive to this one as well but not as sensitive as that 144 so Yeah bitcoins right up against this 45-degree angle. So Yeah any questions on this I Do want to go over All the ways to square these because this has taken me there is no class for this by the way to learn how to do these Even in the Chartered Market Technicians material there is nothing on how to apply Gann’s market geometry to your charts There is nothing for there’s there’s no class on to learn how to use a square of nine or how to apply financial astrological Phenomena on to your charts, you know This is what I’m talking about is just things that I’ve learned Through my years of studying Gann and applying it and trading it and testing it on my own training it on my own If you’re a huge Gann fanatic this is I’m not Advert this or anything. I’m just I I don’t get a boy borderland wizardry. Yes it is when I first when I first started I’m going away over my time here, but when I first started squaring ranges, I remember I was I think I was reading um Michael Jenkins his book on squaring ranges. When I first did that with the Eurodollar. I I was like I got chills I’m not kidding I straight up nerd raged chills cuz I was like this is this is just as fucking crazy This can’t be like this. This can’t be this easy is it? oh, holy cow it is I mean if you if you apply some time cycles market geometry and then some oscillators you find a Rather I I have found a surprising amount of winning trades the market geometry at least the various squares that Gann would use That was like what was missing for me? I mean that that’s kind of like what put it all together and now I can’t trade without it because it’s like Like if trading is a road trip and you know, you have to get to a certain destination then trading without Gans Geometry is is kind of like driving blind without you know using Google Maps you know at least with the market geometry you get an idea of The path something may take and the range that it would be trading it and it’s not imperfect You know, it’s not imperfect horizontal levels of support and resistance. You know, it’s it’s not if it is definitely not something that a lot of traders use and Again is very it takes years to learn and then it takes a whole lot of balls to want to actually try and use it in a trading but I mean It’s it’s hard to learn because there’s not there’s not a lot of stuff out there or people that use it Regularly, but but I do so and I know that people are I found a lot of people are very interested in it and people that you know, I’ve talked to have used it with a lot of success and I think that Yeah, I think it’s something better than moving averages and Bollinger Bands By the way, I hate Moving averages. I think they are the devil. I think that a lot of people learn moving averages and Yeah anyways Let’s see, it’s 208. I kind of got a little little out there but tomorrow You know depending what the market is doing why don’t we go over why don’t reserve like like a half of this session or you know use half hour 15 minutes of the session on the On the Gangi amatory and so lewis if you’re back here tomorrow if you have some questions about it I would love to answer those and some other people if you if you if you have questions too if you’re watching the recording of this right now and you have applied this you know, if you have questions come back tomorrow ask them and I’m gonna say maybe look at a different chart to try and apply this market geometry. Okay put it use it on the euro or the or the S&P 500 or excuse me? anything else bitcoins hard to square because it’s got such a funky chart Anyways, yeah, so those of you who are for excellence customers watching this now or watching recording I will see you tomorrow morning bright and early at 7:30 and for the rest of you I will see you here tomorrow at 1:00 in the afternoon. Hope you guys all have had a great trade week hope you had a good day yesterday and Trade well trade smart, and don’t trade overly emotional. I will talk with you all tomorrow. Bye. Bye

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