BTCUSD Analysis based on superposition of 300 avarages
This will be the initial post for an ongoing update thread for the T% indicator assasment. Keep in mind that this is an expiriment and is not given as a trade advice. Everything is a speculation untill prooven otherwise.
The Indicator presented here is avaraging the change precentage of price using ~300 diffrent SMA's ranging from the size of 7 to 600 in gaps of 2. Every 60 avarages are groupd into a single "wave" with some transparecy. The result is 5 waves that represent a diffrent resolution. Red\Green circles represent direction change (Red represent a green wave that turned downwards, green represent red wave that turned upwards.
When the waves "sync" in time and turn to the same direction brutly that means that a new trend has began. every wave "Feeds" the higher resolution with the force that is created within it causing the higher resolution to create a "smoothed"
The Indicator presented here is avaraging the change precentage of price using ~300 diffrent SMA's ranging from the size of 7 to 600 in gaps of 2. Every 60 avarages are groupd into a single "wave" with some transparecy. The result is 5 waves that represent a diffrent resolution. Red\Green circles represent direction change (Red represent a green wave that turned downwards, green represent red wave that turned upwards.
When the waves "sync" in time and turn to the same direction brutly that means that a new trend has began. every wave "Feeds" the higher resolution with the force that is created within it causing the higher resolution to create a "smoothed"
Comment:
Thats what happend this week:
You can see the I managed to publish the original IDEA in close proximity to the bottom of the downwave (unintentionally). Needless to say everything still looks damn red and even the correction we had on the Hourly chart is already finished and turned back to red. I except a retest of 3600-3700 multiple times throught the next day or two and then a strong downtrend of 500-1000$. we will see how this plays out.
You can see the I managed to publish the original IDEA in close proximity to the bottom of the downwave (unintentionally). Needless to say everything still looks damn red and even the correction we had on the Hourly chart is already finished and turned back to red. I except a retest of 3600-3700 multiple times throught the next day or two and then a strong downtrend of 500-1000$. we will see how this plays out.
Comment:
Another resolution. same data displayed diffrently. The gray areas are corrections of the trend that came before them. The price failed to cross the 0 line into the positive area and insted created a kind of a HS in the indicator (black thin line)
Comment:
Played alittle with the visual settings.
DOWNTREND MOMENTUM still looks strong. I dont see how this turns green all of a sudden but will follow.
Innitial assumption stays the same. High resolutions look Even worst then at the begining meaning an even stronger downtrend may come
Played alittle with the visual settings.
DOWNTREND MOMENTUM still looks strong. I dont see how this turns green all of a sudden but will follow.
Innitial assumption stays the same. High resolutions look Even worst then at the begining meaning an even stronger downtrend may come
Comment:
12H aswell
12H aswell
Currently all the avarages in all the resolutions from 2H and above are going downwards. From the past examples I've examined it takes a very long time to "resync" the avarages upwards and build enough momentum for a trend change from this situation therefore I'm staying in Fiat untill I see a all the avarages turn upward from 2H below and a loss of strength\angle in the avarages above 2H. Ofcause the avarages won't change unless the price will start going up but timing is also a very importent factor here. Its not only how much the price changes, but also when and how frequently. all these factors can cause very diffrent wave behaviour