ChartArt
Long

Bullish Stochastic and RSI Divergence

BITSTAMP:BTCUSD   Bitcoin / Dollar
1630 11 8
If $400 holds (especially $442), we might have a bottom. Otherwise much much more down.

P.S. I linked the wrong related idea. I wanted to add:
A possible path of a big Bitcoin correction (4xForecaster chart)
I use stoich RSI on forex but I haven't had good performance on crypto.

I'm still thinking a good bounce somewhere around $420. Then time to possible buy back some positions. Maybe.
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Depends on volume when it happens. I haven't been seeing accumulation after the dumps.
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ChartArt MarvinMartian
RSI works with everything. First I didn't gave RSI any significance. But over time I discovered that the RSI is a great indicator. Especially since I learned how simple, but still how powerful the formula is.

RSI is similar to Kairi Relative Index (KRI):

Indicator: Kairi Relative Index (KRI)


"Kairi calculates deviation of the current price from its simple moving average as a percent of the moving average. If the percent is high and positive, sell. If the percent is large and negative, buy. "

http://www.investopedia.com/articles/forex/09/kairi-relative-strength-index.asp
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I took some charts I made and re-added the stoich RSI but tweaked the numbers a bit. I'm getting some better signals that way.

I love the experimenting as much as the market captures.
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ChartArt MarvinMartian
Exactly. First I didn't change any indicator default settings. But once you do, you sometimes discover amazing things.
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Yeah, with mods on 15m chart, it shows way overbought with a double peak, I think $459 will be a test price in 3-4 hrs.
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MarvinMartian MarvinMartian
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MarvinMartian MarvinMartian
Or, sooner. =)
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MarvinMartian MarvinMartian
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$454 in a few hours, then either breaks through to $445 before coming back up, continuing the 90 period trend on 15minute. Or if it bounces in the lower $450s it might signal new supports since $442 bounced earlier.
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ChartArt ChartArt
Kairi Relative Index (KRI)

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ChartArt ChartArt
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The price has the potential to increase from this low Stochastic value:

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