BTC Gann Squre and Arcs: Update

24 Oca 2023

Gann Square, as applied, has exhibited surprisingly accurate S & R zones.
If this hypothetical mapping of potential pivot zones is still effective, BTCUSDT will challenge the next arc at around 25k, which is obviously a significant resistance zone.

From my personal experience, tangents to arcs, among other trendlines, often serve as S & R, at least for a short term.
So around 24.4k zone could also be what to watch.

*Unless 25.2k is broken, this idea is still coherent with my previous idea in which Gann Square and Arcs is applied differently.

Note: Gann Square is a built-in drawing tool of TradingView.
Please have a look at the linked description for more information on how to use this tool and its significance.