Bitcoin - Weekly and Daily Buy Signal. Long

Bitcoin / U.S. dollarBitstamp

Description

⋅ Oct 21, 2019 12:08 AM

The monthly is holding the line:

The weekly closed with a buy signal (main chart).

The daily closed with a buy signal:

I really thought we would dip below 8k, and there may still be a fake out below but I'm going long due to the signals.

The trading indicator is in the public library.

Comments

Gnome73

⋅ Oct 22, 2019 2:36 AM

Following with vested interest - good work !

Vold316

⋅ Oct 22, 2019 12:35 PM

@Gnome73, Thanks. :)

akasstan

⋅ Oct 22, 2019 10:36 AM

cheers :)
What do the blue crosses indicate on your indicator?

Vold316

⋅ Oct 22, 2019 12:34 PM

@akasstan, The blue crosses happen when the price goes strongly against the previous trend, and the price starts ranging between those extremes before breaking in some direction and start trending again. So, I use the blue lines as a range. Cheers.