ItisCalvin

Triangle Trends and Rectangles Show the Way

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
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5
Honestly I have no idea I have done. An hour of extra time I decided to slap together this. A couple of 3D shapes and some indicators. Let us get right to it.

So, for the past 3-4 weeks I have been on a total bitcoin blackout. I have no idea what (still don't) news has gone on and had not looked at a BTC price checker. If it went mainstream that is the only way I knew about it. BTW, I did not see very much mainstream news or any mention on a TV show at all. Government 1 - Bitcoin 0.

Indicators
* Stoch RSI is being fun today. Other than being just above oversold it just seems to be breaking down. How far will be determined, but this market looks a bit stale.
* MACD - Been so far under the level that it hasn't seen the light of day just like Beijin hasn't seen the sun. Oh maybe we get there in time.
* Aroon - Expecting 400s? Well Aroon doesn't. Hardly stays high enough to warrant anything but a small hill. The hill, for now, is curving back down.
* PSAR - From my vantage it has no strength for anything. More likely to just go sideways at this point.

Overall, market down, sentiment mixed, triangles set, and trends established. 6 more weeks of winter I suppose. I guess you can look at the triangles as periods where the price spikes then does not for a short period afterwards.

Have fun and good luck trading.

Comments

Beautiful.
Reply
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