How does the square of nine method help predict future price levels in the cryptocurrency market?
Thomas DyeDec 25, 2021 · 3 years ago1 answers
Can you explain how the square of nine method is used to predict future price levels in the cryptocurrency market? What are the key principles behind this method and how reliable is it?
1 answers
- Dec 25, 2021 · 3 years agoThe square of nine method, also known as Gann's square of nine, is a mathematical tool used in technical analysis to predict future price levels in the cryptocurrency market. It is based on the idea that price movements follow a specific geometric pattern. Traders use a square grid with numbers arranged in a spiral to identify potential support and resistance levels. The square of nine method is considered to be a reliable tool for price prediction, but it should not be used in isolation. It is important to combine this method with other technical analysis tools and indicators to increase the accuracy of predictions. Additionally, it is recommended to backtest the square of nine method on historical data before applying it to real-time trading.
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