Felix000

Go with breakout but watch for whipsaw like Dec 2018

Education
Felix000 Updated   
BITFINEX:BTCUSD   Bitcoin
All details on chart. Go with breakout but watch for whipsaw like in Dec 2018. Not Advice. DYOR.

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Whipsaw of yellow box: (28-29 JAN 18), (28-29 APR 18), (27-28 JUL 18), (10-11 NOV 18), favoured bears but (10-11 DEC 18) favoured bulls Could whipsaw with current box (15-16 FEB 19) favour bears big time again? Box within range of previous so maybe bulls safe for now Not Advice DYOR.
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Want to know what this chart is about see my latest post
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Want to know more see my latest post
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Here's another of my posts that was missed
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Thought I'd take a look at the weekly using a 4 wk average
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Notice Parabolic SAR just touching 20MA can compare with match described above 13 Apr and 9 Feb Not Advice DYOR
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WOW
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Will bears succeed in taking out 20 MA
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What I like about this comparison is the trend line with the 20MA running along side it.
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Latest post: The truth about #bitcoin shorts using 20MA. Using peaks of 20MA bitcoin shorts to see if good support areas Not Advice DYOR
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Here is my latest research secret using my custom MACD (6, 13, close, 31). Studied all points when signal line in orange turns positive, and put a vertical in at the first point afterwards when the MACD in blue drops from a peak. Learnt a lot about what will keep this upward tend going. If all goes well it should turn out like the best examples below. Histogram is currently negative. Its got to turn green by end of today 27 Feb or the past samples I picked are going to have to change. Not Advice. DYOR
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I've had to switch my stance to sell for now, here's why 20 MA been taken out. Histogram turned red Also, may close below close 24 Feb $3,831.3 BITFINEX, & looks like Parabolic SAR flipped. Will have to spot another signal before turning bullish again.
Here's a match I was comparing it with in a previous posting because the 20 MA was just clipping the corner of the blue box.
The blue square marks space between when my blue line MACD flips positive and my orange Signal Line follows suit (Custom MACD (2, 13, close, 31))
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Warning this signal has been deadly to bulls in 2018 see the white horizontal lines. The only time market hovered a bit was the pink horizontal. Using my custom MACD (6, 13, close, 31) just follow the Signal Line in orange - when its positive just add a yellow vertical to the day it turns down from first peak. Not Advice. DYOR.
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Copy of new post "Still a bull run opportunity? YES but guess what...details on chart"
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Made a small error. Had originally grouped boxes using shorter MA than 20MA which was still interesting but here is what best illustrates how small square can work its way into something big just by staying above or below 20 MA and using those vertical signal points
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Done some research to find out what the market may be thinking when my histogram goes red four days after green and still closing above 20 MA. Here are two charts. Will it be different this time?
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Then again market hasn't closed yet so will have to see if close above 20MA and Histogram stays dark red.
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Worth checking out this indicator when it spikes like below. Could be a bad omen Not Advice DYOR
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