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#Bitcoin #ElliottWave #GannPyrapoints
(Day, 4 hour)
Gann Pyrapoints are a trading tool based on the principles of W.D. Gann's trading techniques.
The Pyrapoint tool is a plug-in tool that is based on the Pythagorean Cube and utilizes Gann's geometric constructions to divide time and price into proportionate parts.
The Pyrapoint tool draws horizontal and vertical lines on a chart, creating a pyramid-like structure.
The horizontal lines represent price levels, while the vertical lines represent time intervals. The intersection of these lines creates points that are used to identify potential support and resistance levels.
To draw Pyrapoints, traders need to identify a significant top or bottom and then use the Pythagorean Cube to calculate the price and time levels.
The Pythagorean Cube is a three-dimensional cube that represents the relationship between price, time, and space.
The cube is divided into eight smaller cubes, each representing a different time and price level. The Pyrapoint tool uses these levels to draw the horizontal and vertical lines on the chart.
Pyrapoints can be used to identify potential support and resistance levels, as well as to determine entry and exit points for trades.
Traders can also use Pyrapoints in conjunction with other technical analysis tools to confirm trading signals.
(Day, 4 hour)
Gann Pyrapoints are a trading tool based on the principles of W.D. Gann's trading techniques.
The Pyrapoint tool is a plug-in tool that is based on the Pythagorean Cube and utilizes Gann's geometric constructions to divide time and price into proportionate parts.
The Pyrapoint tool draws horizontal and vertical lines on a chart, creating a pyramid-like structure.
The horizontal lines represent price levels, while the vertical lines represent time intervals. The intersection of these lines creates points that are used to identify potential support and resistance levels.
To draw Pyrapoints, traders need to identify a significant top or bottom and then use the Pythagorean Cube to calculate the price and time levels.
The Pythagorean Cube is a three-dimensional cube that represents the relationship between price, time, and space.
The cube is divided into eight smaller cubes, each representing a different time and price level. The Pyrapoint tool uses these levels to draw the horizontal and vertical lines on the chart.
Pyrapoints can be used to identify potential support and resistance levels, as well as to determine entry and exit points for trades.
Traders can also use Pyrapoints in conjunction with other technical analysis tools to confirm trading signals.