{"id":392691,"date":"2019-08-09T14:16:22","date_gmt":"2019-08-09T14:16:22","guid":{"rendered":"https:\/\/wncen.com\/?p=392691"},"modified":"2024-06-11T13:24:09","modified_gmt":"2024-06-11T13:24:09","slug":"gann-theory-suggests-bitcoin-price-at-do-or-die-moment-important-pivot-ahead","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/gann-theory-suggests-bitcoin-price-at-do-or-die-moment-important-pivot-ahead\/","title":{"rendered":"Gann Theory Suggests Bitcoin Price at \u201cDo or Die\u201d Moment, Important Pivot Ahead"},"content":{"rendered":"<p class=\"p1\"><span class=\"s1\"><a href=\"\/tag\/bitcoin-price\" rel=\"nofollow\">Bitcoin price<\/a> continues to struggle to regain the bullish momentum it had during the parabolic climb above $10,000, but bears have also been unable to push the price of the leading crypto asset by market cap any lower, resulting in an impasse that is playing out in recent price action.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The indecision may have been easily predicted, using Gann theory \u2013 the practice of using mathematics, geometry, and time to predict price movements in stocks and other financial assets \u2013 according to one analyst\u2019s \u201cGann chart.\u201d The same chart also appears to suggest that Bitcoin price is at a critical \u201cdo or die\u201d moment that will define the months to come.<\/span><\/p>\n<h2>Gann Charts Could Help Predict Bitcoin Price Targets, Timing, and More<\/h2>\n<p class=\"p1\"><span class=\"s1\">In the early 1900s, long before digital currencies, trading bots, online trading, or advanced charting software, there was a <a href=\"https:\/\/www.investopedia.com\/articles\/investing\/091615\/mysterious-life-trading-legend-wd-gann.asp\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">legendary trader named William Delbert Gann<\/a>. Gann used unorthodox techniques such as astrology, moon phases, key dates, and more, combined with ancient mathematics centered around geometry and the golden ratio.<\/span><\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/wncen.com\/2019\/07\/11\/crypto-trend-analyst-bitcoin-price-rally-has-ended-bottom-december-2019\/\">Crypto Trend Analyst: Bitcoin Price Rally Has Ended, Bottom December 2019?\u00a0<\/a><\/strong><\/em><\/p>\n<p class=\"p1\"><span class=\"s1\">Gann was a polarizing figure, going down in history books as both a crook who peddled hoax-like theories that had little merit and as the greatest trader to ever live. Today, Gann\u2019s theories are just as controversial, but still used by believers with success.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Found this old Gann chart from May 2018. Damn, last time I checked this one was around November. Do or die? \ud83d\udc40 <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$BTC<\/a> <a href=\"https:\/\/t.co\/grKdtK3WG9\" rel=\"nofollow\">pic.twitter.com\/grKdtK3WG9<\/a><\/p>\n<p>&mdash; Joe Mitoshi \ud83e\uddd1\u200d\ud83d\ude80 (@CryptoSays) <a href=\"https:\/\/twitter.com\/CryptoSays\/status\/25088514?ref_src=twsrc%5Etfw\" rel=\"nofollow\">August 9, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p class=\"p1\"><span class=\"s1\">One analyst, Mitoshi Kaku, whose analysis is often steeped in complex theories like those Gann taught, has resurfaced an \u201cold Gann chart\u201d the analyst had created in May 2018 \u2013 over a year prior. With updated <a href=\"\/tag\/bitcoin-price\" rel=\"nofollow\">Bitcoin price<\/a> action from the rest of 2018 and 2019 thus far added to the chart, the Gann angles \u2013 which act as supports and resistances \u2013 are showing what looks like a \u201cdo or die\u201d moment for Bitcoin.<\/span><\/p>\n<h2>Gann Pivots Suggest Big Move is Coming in King of Crypto<\/h2>\n<p class=\"p1\"><span class=\"s1\">Gann theory suggests that the angles on a chart can help predict the time of certain movements. Gann called these \u201cpivots.\u201d<\/span><\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/wncen.com\/2019\/08\/07\/bitcoin-price-weekly-close-above-11500-would-be-first-in-nearly-18-months\/\">Bitcoin Price Weekly Close Above $11,500 Would Be First in Nearly 18 Months\u00a0<\/a><\/strong><\/em><\/p>\n<p class=\"p1\"><span class=\"s1\">According to Kaku\u2019s analysis, the next \u201cGann Pivot\u201d occurs around August 11 and 12 \u2013 or this coming Sunday and Monday. The analyst also shared a look at how past Gann Pivot led to strong trend changes or powerful price reactions, giving credence to the theory.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Great bounce at $11460 and the support holding strong! Gann trend line update here too. Cautious on the daily close tho, price might be forming a potential &quot;Bearish Harami&quot; reversal candle pattern. \ud83d\udc40SL will take care of that. meanwhile I&#39;m keeping my longs. <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$BTC<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Gann?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Gann<\/a> <a href=\"https:\/\/t.co\/upOHrztNXl\" rel=\"nofollow\">pic.twitter.com\/upOHrztNXl<\/a><\/p>\n<p>&mdash; Joe Mitoshi \ud83e\uddd1\u200d\ud83d\ude80 (@CryptoSays) <a href=\"https:\/\/twitter.com\/CryptoSays\/status\/56281088?ref_src=twsrc%5Etfw\" rel=\"nofollow\">August 8, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p class=\"p1\"><span class=\"s1\">Using Gann theory, Kaku also provided some important price targets to watch for. A break of $13,146, he says, will end \u201caccumulation\u201d and start the real bull phase. Below $9894, \u201cbears take over.\u201d This is all based on the \u201cGann Median Yearly,\u201d which currently sits at $11,500.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\"><a href=\"https:\/\/wncen.com\/2019\/08\/07\/bitcoin-price-weekly-close-above-11500-would-be-first-in-nearly-18-months\/\">$11,500 is also a critical weekly close<\/a> and Bitcoin price level that hasn\u2019t seen a weekly close since January 2018. If that important level is breached with strength with a weekly close, Bitcoin will be preparing its jets for its greatest bull run of all-time.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price continues to struggle to regain the bullish momentum it had during the parabolic climb above $10,000, but bears have also been unable to push the price of the leading crypto asset by market cap any lower, resulting in an impasse that is playing out in recent price action. The indecision may have been easily predicted, using Gann theory \u2013 the practice of using mathematics, geometry, and time to predict price movements in stocks and other financial assets \u2013 according to one analyst\u2019s \u201cGann chart.\u201d The same chart also appears to suggest that Bitcoin price is at a critical \u201cdo or die\u201d moment that will define the months to come. Gann Charts Could Help Predict Bitcoin Price Targets, Timing, and More In the early 1900s, long before digital currencies, trading bots, online trading, or advanced charting software, there was a legendary trader named William Delbert Gann. Gann used unorthodox techniques such as astrology, moon phases, key dates, and more, combined with ancient mathematics centered around geometry and the golden ratio. Related Reading | Crypto Trend Analyst: Bitcoin Price Rally Has Ended, Bottom December 2019?\u00a0 Gann was a polarizing figure, going down in history books as both a crook who peddled hoax-like theories that had little merit and as the greatest trader to ever live. Today, Gann\u2019s theories are just as controversial, but still used by believers with success. Found this old Gann chart from May 2018. Damn, last time I checked this one was around November. Do or die? \ud83d\udc40 $BTC pic.twitter.com\/grKdtK3WG9 &mdash; Joe Mitoshi \ud83e\uddd1\u200d\ud83d\ude80 (@CryptoSays) August 9, 2019 One analyst, Mitoshi Kaku, whose analysis is often steeped in complex theories like those Gann taught, has resurfaced an \u201cold Gann chart\u201d the analyst had created in May 2018 \u2013 over a year prior. With updated Bitcoin price action from the rest of 2018 and 2019 thus far added to the chart, the Gann angles \u2013 which act as supports and resistances \u2013 are showing what looks like a \u201cdo or die\u201d moment for Bitcoin. Gann Pivots Suggest Big Move is Coming in King of Crypto Gann theory suggests that the angles on a chart can help predict the time of certain movements. Gann called these \u201cpivots.\u201d Related Reading | Bitcoin Price Weekly Close Above $11,500 Would Be First in Nearly 18 Months\u00a0 According to Kaku\u2019s analysis, the next \u201cGann Pivot\u201d occurs around August 11 and 12 \u2013 or this coming Sunday and Monday. The analyst also shared a look at how past Gann Pivot led to strong trend changes or powerful price reactions, giving credence to the theory. Great bounce at $11460 and the support holding strong! Gann trend line update here too. Cautious on the daily close tho, price might be forming a potential &quot;Bearish Harami&quot; reversal candle pattern. \ud83d\udc40SL will take care of that. meanwhile I&#39;m keeping my longs. $BTC #Gann pic.twitter.com\/upOHrztNXl &mdash; Joe Mitoshi \ud83e\uddd1\u200d\ud83d\ude80 (@CryptoSays) August 8, 2019 Using Gann theory, Kaku also provided some important price targets to watch for. A break of $13,146, he says, will end \u201caccumulation\u201d and start the real bull phase. Below $9894, \u201cbears take over.\u201d This is all based on the \u201cGann Median Yearly,\u201d which currently sits at $11,500. $11,500 is also a critical weekly close and Bitcoin price level that hasn\u2019t seen a weekly close since January 2018. If that important level is breached with strength with a weekly close, Bitcoin will be preparing its jets for its greatest bull run of all-time.<\/p>\n","protected":false},"author":517,"featured_media":392694,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,3],"tags":[428,679,6664,51052,47626,4078,47627],"class_list":["post-392691","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","tag-bitcoin","tag-bitcoin-price","tag-crypto","tag-gann","tag-gann-theory","tag-technical-analysis","tag-w-d-gann"],"acf":[],"yoast_head":"\n<title>Gann Theory Suggests Bitcoin Price at \u201cDo or Die\u201d Moment, Important Pivot Ahead<\/title>\n<meta name=\"description\" content=\"Bitcoin price continues to struggle to regain the bullish momentum it had during the parabolic climb above $10,000, but bears have also been unable to\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/gann-theory-suggests-bitcoin-price-at-do-or-die-moment-important-pivot-ahead\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gann Theory Suggests Bitcoin Price at \u201cDo or Die\u201d Moment, Important Pivot Ahead\" \/>\n<meta property=\"og:description\" content=\"Bitcoin price continues to struggle to regain the bullish momentum it had during the parabolic climb above $10,000, but bears have also been unable to\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/gann-theory-suggests-bitcoin-price-at-do-or-die-moment-important-pivot-ahead\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2019-08-09T14:16:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T13:24:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/08\/bitcoin-price-gann-theory-crypto-shutterstock_784608505.jpg?fit=5283%2C3522\" \/>\n\t<meta property=\"og:image:width\" content=\"5283\" \/>\n\t<meta property=\"og:image:height\" content=\"3522\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tony &quot;El Toro&quot; Severino\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/tonythebullBTC\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tony &quot;El Toro&quot; Severino\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/gann-theory-suggests-bitcoin-price-at-do-or-die-moment-important-pivot-ahead\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/gann-theory-suggests-bitcoin-price-at-do-or-die-moment-important-pivot-ahead\/\"},\"author\":{\"name\":\"Tony \\\"El Toro\\\" Severino\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d\"},\"headline\":\"Gann Theory Suggests Bitcoin Price at \u201cDo or Die\u201d Moment, Important Pivot Ahead\",\"datePublished\":\"2019-08-09T14:16:22+00:00\",\"dateModified\":\"2024-06-11T13:24:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/gann-theory-suggests-bitcoin-price-at-do-or-die-moment-important-pivot-ahead\/\"},\"wordCount\":495,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/gann-theory-suggests-bitcoin-price-at-do-or-die-moment-important-pivot-ahead\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/08\/bitcoin-price-gann-theory-crypto-shutterstock_784608505.jpg?fit=5283%2C3522\",\"keywords\":[\"bitcoin\",\"bitcoin price\",\"crypto\",\"gann\",\"gann theory\",\"technical analysis\",\"W. 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As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market. A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony\u2019s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements. Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \\\"The Bull,\\\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. 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