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Felix000
Mar 1, 2018 5:06 PM

No up signals for me only way is down right now Short

Bitcoin / DollarBitfinex

Description

Till I see some upward signals in MACD like before I got no new ideas for the market going up

Comment

OMG turning bullish on four hour chart. Didn't know was working there too. Worth a punt. could have caught it earlier.

Comment

Looking back at the previous patterns the low at the start of the run on the 4 hour chart should hold. Also on the 2 hour chart the market may head down for that MACD to line up with what's already been indicated on the 4 hour MACD. It needs a cross over down followed by a first trough in the MACD (which may include the cross over I haven't back checked) and that first trough must remain the lowest trough until the market crosses back up again (the set up).

Comment

Williams Fractal. A word of caution. I've just completed some research and it does not appear to be a good sign when you spot two Williams arrows in the same direction at least 12 bars apart. Within maybe a day or several days later the price is back and can even go the other way. I only checked this going back to December 2018. Best check it yourselves. But thought to let you know just in case.
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