Been wondering if this would happen...

BITFINEX:BTCUSD60

Bitcoin / DollarBitfinex

Description

⋅ Jul 23, 2014 8:05 PM

Been wondering if this might happen since I spotted this pivot earlier today...

Comments

ChartArt

⋅ Jul 23, 2014 9:56 PM

The CCI is very useful. One of my favorites to find pivots.

johnrfraser

⋅ Jul 23, 2014 10:00 PM

Really? What sort of pivots do you use?

ChartArt

⋅ Jul 23, 2014 10:01 PM

Watch the highs and lows.

ChartArt

⋅ Jul 23, 2014 10:05 PM

There is an entire system called the Woodies CCI. Even TradingView has it built-in:

Woodies CCI

explanation of the system
youtube.com/watch?v=Q4YZ-hEad9Q

Woodies CCI Patterns
trading-naked.com/woodie8_patterns.htm

johnrfraser

⋅ Jul 23, 2014 10:14 PM

Thanks a lot ChartArt. This looks pretty amazing...

johnrfraser

⋅ Jul 23, 2014 10:22 PM

Do you find CCI is better on a 60 or other timeframe with Bitcoin?
I used it on Daily before I chose MFI.
Like you I'm open to change. Always nervous of not using the standard RSI.
Might put the CCI onto my daily for a bit and see what differences there are...