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

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I'm kind of spacing out here because I can, you show, us how. To set. Up a Gantt chart, absolutely. Good. Question. All. Right so there are a, number of ways to create. A Gantt, 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, Gantt, square fixed. All. Right the Gantt 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.

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.

2018-09-07 06:40

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