Bitcoin Analysis with Gann Grid and Key Levels

14 בדצמ׳

Hello Dear traders,
Let's dive into the Bitcoin chart with a detailed Gann analysis similar to the earlier breakdown for Dogecoin. This chart integrates Gann theory, showing price and time levels via angles, grids, and cycles.

📊1. Gann Grid and Levels Overview
The chart uses Gann's principle of balancing price and time with geometric relationships:

Horizontal Levels: Derived from specific price harmonics (0°, 30°, 60°, etc.)
Diagonal Lines: Represent price momentum at certain angles regarding time and price by the grid.
Vertical Lines: Time cycles marking significant trend shifts or price reversals.
2. Key Gann Levels
The chart originates from 0° (Base level: $15,479.25) and builds upward harmonic price levels. These levels are key zones for support and resistance.

Degree Price Level Significance
0° $15,479.25 Base level; a significant low (origin point).
30° $19,904.21 Minor support/resistance near cycle start.
60° $24,884.73 Important level; tested during upward moves.
90° $30,420.81 Key psychological resistance during early breakouts.
120° $36,512.44 Important support/resistance midway up.
150° $41,519.63 Indicates price accumulation or consolidation.
180° $50,362.37 Critical level; halfway point of the full cycle.
210° $58,120.67 Breakout zone for strong upward trends.
240° $66,434.53 Strong resistance; prior highs get tested.
270° $75,303.94 Major resistance level (¾ of the full rotation).
300° $84,728.91 Resistance near extended bullish cycles.
330° $94,709.42 Overbought zone if price reaches quickly.
360° $105,245.50 Completion of the full price cycle.🤑

3. Current Market Position

The current price of Bitcoin is $101,135.80, sitting near the 330° level ($94,709) but pushing toward 360° ($105,245).

Key Observations:
Bullish Trend:

Price has broken through major resistance levels such as 240° ($66,434) and 270° ($75,303).
This indicates a strong bullish continuation.
Approaching the 360° Level:

The 360° level at $105,245.50 represents the completion of a full cycle.
This zone could act as strong resistance where price might stall or consolidate.
Potential Retracement:

If the price fails to sustain above 330° ($94,709), expect a pullback toward 300° ($84,728) or even 270° ($75,303).
These zones would provide buy opportunities during a retracement.
4. Diagonal Gann Angles
The diagonal lines represent price trends at specific angles, reflecting momentum:

Current Angle Analysis:
The price is maintaining an upward diagonal angle, suggesting sustained bullish momentum.
If price dips below this angle, it could signal a trend reversal or slow-down.
5. Time Cycle Analysis
The vertical dashed lines represent Gann's time cycles, marking key turning points or price accelerations.

Notable Time Cycles:

Dates Marked on the Chart

6. Trading Plan
Based on the current market position and Gann analysis:

Bullish Setup:
Entry:
Enter long on dips above the 300° level ($84,728) for continuation.
Targets:
First target: $94,709 (330°).
Second target: $105,245 (360°).
Stop Loss:
Below the 270° level ($75,303).
Bearish Setup:
Entry:
Enter short if price fails to hold above $94,709 (330°).
Targets:
First target: $84,728 (300°).
Second target: $75,303 (270°).
Stop Loss:
Above the 360° level ($105,245).
7. Final Notes
360° ($105,245) is a critical level:

A breakout above could indicate further bullish momentum into an expansion phase.
However, this level could act as strong resistance where a reversal occurs.
Time Cycles:

Watch for trend changes in January 2025 and May 2025.
Let me know if you need further clarification 🚀
Wish you best of Luck Trading