Crypto
Crypto Gann Square of 9: Levels for BTC, ETH and Altcoins
10 min read · Updated 9 Nov 2026
The Square of 9 is Gann's best-known tool: numbers laid out in a spiral from a centre, so that each step around the spiral is an angle. Read from a price, it gives a ladder of levels above and below it.
On crypto that ladder behaves very differently from one coin to the next, because the formula works on the square root of the price and crypto prices span eleven orders of magnitude. This guide gives the formula, shows what it does to BTC, ETH and a coin under a dollar, reads two real days (BTC on 5 November and ETH on 4 November 2026), and covers both pages built on it: Square of 9 Levels and Gann Squares.
The formula, and what price does to it
Level at angle A = (√start ± A ÷ 180)². Moving 45° adds 0.25 to the square root, 90° adds 0.5, 180° adds 1 and 360° adds 2. Add for resistance above the start, subtract for support below it. From BTCUSDT's 8 November 2026 close of 75,908.65, √ = 275.52; adding 0.25 and squaring gives 76,046.47, the first resistance at 45°.
- R1 to R4 - 45°, 90°, 135° and 180° above the start.
- S1 to S4 - the same angles below.
- Bullish 360° / Bearish 360° - one full turn above and below.
The crypto difference: price scale
The formula works on the square root of the price, so the size of a step depends on how big the number is. One 45° step is roughly 50% ÷ √price of the price. On NSE, where most liquid stocks trade between ₹100 and ₹10,000, that keeps steps between about 0.5% and 5%. The crypto list runs from BTC near 76,000 USDT to SHIB at 0.0000045, so the same formula gives wildly different ladders:
- BTCUSDT (75,908.65 on 8 November 2026): one step is 0.18%. Every level from −360° to +360° sits within about ±1.5% of the start.
- ETHUSDT (2,233.92): 1.06% a step, close to what a mid-priced NSE stock sees.
- SOLUSDT (89.64): 5.35%. LINKUSDT (10.69): 15.9%.
- XRPUSDT (1.16): 52%. ADAUSDT (0.1801): 153%. DOGEUSDT (0.07131): 275%.
- Below 0.0625 USDT the square root is under 0.25, so there is no S1 at all, and below 4 USDT there is no Bearish 360°. At 8 November prices that left SHIB, GALA, SOLV and GRT with no support levels.
None of this is an error; it is what the formula does with these numbers. It does mean the Square of 9 pages are, in practice, pages about BTC, ETH, BNB and a handful of pairs priced in the tens of dollars.
Two real days: BTC on 5 November, ETH on 4 November 2026
Each row is one pair's ladder. A highlighted cell is a level that lies between the previous close and today's close, so price moved through it during the day.
BTCUSDT, 5 November: through a full turn
- Start = Previous close: 80,600.01. The ladder runs from the Bearish 360° at 79,468.40 to the Bullish 360° at 81,739.62, all within ±1.41%.
- The day: BTC fell 5.49% to 76,176.01 on 1.74 times its usual volume. It crossed S1 (80,458.12), S2, S3, S4 (80,033.21) and the Bearish 360° itself, and closed more than 4% beyond that.
- Start = LTP: built from 76,176.01 instead, the ladder for the next day runs from 75,076.01 to 77,284.01. The five levels above the close up to the Bullish 360° are highlighted, because the fall went through them on the way down.
ETHUSDT, 4 November: 180° in a day
- Start = Previous close: 2,295.96. R1 2,319.98, R2 2,344.13, R3 2,368.40, R4 2,392.79, Bullish 360° 2,491.62. Steps of about 1%.
- The day: ETH rose 5.97% to 2,433.12. It closed through R1 to R4, half a turn of the square, while its high of 2,450 stayed short of the 360° level.
A 5% day is ordinary for crypto. On BTC it covers more than a full turn of the square; on ETH, about half; on SOL, about one step; on XRP, a tenth of a step.
How to use it in a trade
- Size the step against the day. Compare one step (the R1 distance) with the pair's normal daily range (ATR %). BTC's 0.18% step against a 3% day means single levels are noise; ETH's 1% step is a usable unit.
- Pick the level that fits. On BTC, read the 180° and 360° levels and ignore R1 to R3. On ETH and BNB, R1 and S1 are the first reaction points. On SOL and LTC, one level is already a big day.
- Choose the start. Previous close gives the levels that applied to today; LTP gives tomorrow's map.
- Use levels as targets and reaction points for a trade you have another reason for, not as a reason in themselves.
- Skip the ladder where it says nothing. For a coin under 1 USDT the nearest level is often 50% or more away, or missing below.
Strategy ideas (ideas, not promises)
These are ideas to study, paper-trade and backtest, not recommendations or signals, and not a promise of any result. Every condition below can fail. Crypto trades around the clock and can move sharply at any hour; leverage and options can lose more than you expect, and past behaviour says nothing certain about the next session. Size, entries, exits and risk are your own decisions.
1. Tomorrow's map for ETH and BNB
- Setup: Start = LTP. R1 and S1 are the first levels either side of the close.
- Idea: a move above R1 that holds on a closing basis opens R2; losing S1 points to S2. Write the levels down before the IST day starts.
2. On BTC, read the half and full turns
- Setup: Start = Previous close; note whether the day closed beyond R4/S4 (180°) or the 360° levels.
- Idea: a close beyond the 360°, like 5 November, is a large day by BTC's own standard. Rather than chase it, study what the next one or two days did relative to the crossed 360° level.
3. Wait for the retest after a big crossing
After ETH's 4 November close through R4 (2,392.79), a pullback that holds above R4 keeps the move intact; a close back below R2 (2,344.13) gives most of it back.
4. Rescaling cheap coins: handle with care
Some Gann traders rescale a small price (quoting DOGE in thousandths, say) so the steps fit. The page does not do this, but the Gann Squares page's "Or a price" box will draw the squares from any number you type. The levels then depend on the scale you chose, which is a good reason to test them hard before trusting them.
How to test these
Pick past days, build each pair's ladder from both starts, and record how often the next day reached R1 or S1 and how price behaved there. Keep BTC, the mid-priced pairs and the cheap coins in separate columns.
Risk per trade - risk a small, fixed share of capital on any one idea. Crypto never closes, so a stop is the only exit while you sleep; with leverage, keep the liquidation price well beyond the stop. When selling options, prefer defined-risk structures (spreads, iron condors) over naked positions.
Test before you trade - write the rules down exactly, test them on past data (see how to backtest an options strategy and the Option Simulator, which supports crypto), then paper-trade at least 20 occurrences before committing real money. Keep a journal of every trade, including the ones you skipped.
The two pages: Square of 9 Levels and Gann Squares
Square of 9 Levels
- Start - LTP or Previous close, the number the ladder is built from.
- All / Crossed Today - every liquid pair, or only those where price moved through at least one level (the level lies between yesterday's close and today's).
- Columns - LTP, Yest Close, Bearish 360°, S4 to S1, R1 to R4, Bullish 360°; crossed levels are highlighted.
- Chart - the ladder drawn on the daily candles.
Gann Squares
- The Square of 9 spiral, the Gann Wheel, the Square of 144 and the Hexagon, drawn for one pair. It opens on BTCUSDT.
- Pair - any pair that passed the day's liquidity rule, from the same list as the Square of 9 Levels page.
- Or a price - draws the squares from any number you type, for example 75000.
- Session date - draws them from a past day's close (signed in).
- On a day when no pair passed the liquidity rule, such as 8 November 2026, the pair list is empty and the page says so; typing a price still works.
In the Square of 9 drawing, ring one steps 45° a cell, so its cells are exactly R1 to R4 and the 360° level; the cardinal and diagonal crosses are coloured and the cell nearest the price is marked.
What the numbers are built from
- Pairs. The live USDT pairs in Unfluke's crypto archive (34 on 8 November 2026). A pair whose 20-day average range is under 0.25% of price is not scanned, which is meant to keep stablecoins out; after a few wide wicks in late October 2026, USDCUSDT was briefly back on some lists.
- Liquidity first. A pair is listed only if its 20-day average turnover is above US$500,000, today's turnover above US$100,000, and today's volume above 0.8× the average of the previous 20 days. There is no circuit rule; crypto has no price bands.
- Days. Daily candles are IST calendar days, 00:00 to 23:59, rolled up from the one-minute Binance spot archive. Everything is end of day, and the newest day is topped up during the day, so it can be partial until 23:59 IST.
- Quiet days empty the page. The volume rule compares a day with the 20 before it, and weekends trade less. On Saturday 7 November 2026 one pair passed; on Sunday 8 November none did, so every Gann page was empty. Signed-in users can pick an earlier session date.
- Universe. All, Futures (pairs with a perpetual future in the archive) or Options (BTC and ETH).
- Look-back. The swing-based pages read about 400 days of history. One extreme candle, such as the crash of 10 to 11 October 2025 when several altcoins printed lows near zero on Binance, stays in that window for over a year and can dominate the swings measured from it. If a row's swing dates point at a crash day, read it with care.
Gann levels, angles and cycles are research references. They describe geometry on a price chart, not a forecast, and prices move through them regularly.
Where to go next
Open the page at Gann → Square of 9 Levels (switch the market to Crypto). The NSE version is explained in the Gann Square of 9 guide.
The other crypto Gann guides: Swing Chart, Level Cross, Cardinal & Diagonal, Degree Levels. For floor pivots on the same pairs, read the crypto pivot points guide; for a day's unusual volume, the crypto Volume Shockers guide. Sign up free to open the Market Terminal.
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