Turquoise (light blue) shaded areas in my chart are formed whenever you get a consecutive day with either green or red vertical bars in my MACD. A green vertical is formed when you get a green candlestick but MACD bar drops. A red vertical is formed when you get a red candlestick and MACD bar rises. This has only happened six times this year. Each time except one occasion had you gone with the break out you win. On the occasion it didn't happen the market closed up one day out of the range and then reversed the next day to close down below the previous day's open and continued down in that direction. Good idea or not?
Comment:
Correction:Green vertical in MACD above 26 April should be colour red.
**************************************
April28 #Bitcoin Support $8,616 Go Long While Down Fractal Forming
--------> Apr28 Stop and review if break below $8,616. Will update chart with later post once down fractal arrow shows up. It looks like a bullish week ahead on weekly chart.
April29 #Bitcoin Williams Fractals ready to power ahead.
--------> Apr29 Stop and review if break below $8,616. Then again other support levels above that should hold. As per previous post it looks like a bullish week ahead on weekly chart.
April30 #Bitcoin key to next big move here's why.
--------> April30 Turquoise (light blue) shaded areas in my chart are formed whenever you get a consecutive day with either green or red vertical bars in my MACD . A green vertical is formed when you get a green candlestick but MACD bar drops. A red vertical is formed when you get a red candlestick and MACD bar rises. This has only happened six times this year. Each time except one occasion had you gone with the break out you win. On the occasion it didn't happen the market closed up one day out of the range and then reversed the next day to close down below the previous day's open and continued down in that direction. Good idea or not?
May1 #Bitcoin Day Chart poor start to the week
--------> May1 Was not a good start to the week.
--------> May1 Comment: I really like this chart.
--------> May1 Comment: Nice Fib levels so far- Sunday's High $9,565.1; Sunday's low $9,188.7; and Monday's low $9,099.9; Fib low using those three points would nicely extend to $8,812.3. Current Tuesday's low $8,818 just shy of $8,812. Will it break out of my shaded triangle?
May2 #Bitcoin being squeezed for a break-out
--------> May 2 Have updated daily chart . As previously posted the grey triangle area is set within important diagonal trend lines (especialy so if they begin with a fractal top or bottom). I'm now using the fractal low of $8,652.2 and $8,818 to construct a diagonal trend line on the basis that the market today May2 wont break below . A break below this trend line if set-up correctly, and based on previous set-ups was bearish . Below that trend line there would be support levels of $8,750 and $8,616 to break too. There would also be the older diagonal trend line.
--------> May3 Comment: A good bullish fractal high on the weekly chart would be above $11,788. How long will it take?
--------> May3 Comment: Potential resistance points on my charts $9,577 then $9,900 then $10,700 then $11,788 (last fractal high on weekly chart) plus $11,306 on my weekly chart
--------> May4 Comment: Finally, breakout. Don't want to see market closing back below May 3rd open - simply put the turquoise (light blue) shaded area has only appeared 6 times this year and five times was a huge win, only once was a huge win the other way.