LazyBear

BTC - Go all-in short already?

BITSTAMP:BTCUSD   Bitcoin / Dollar
2169 22 22
I know we all love to short BTC all the time, but wanted to list some things before going all-in 50x immediately :)
  • Price showed a nice bounce near that RSI support zone . RSI showed a 12hr OS signal there.
  • RSI div             between the down-steps.
  • Note the OS signals in RSI MTF pane. Last leg to 250 showed 2 timeframe OS signals, while the leg to 236 showed 3 timeframe signals. There still is the possibility of another short leg down to retest that support zone , expecting to see all green in RSI there if it happens. Usually, that is a good bounce signal.
  • %R MTF has started showing OB             on lower timeframes (4hr).

Will wait to see how the retest goes. Breaking down this 230 level in the next retest is a clear bearish cycle start, of course.

1D view:
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List of my free indicators: http://bit.ly/1LQaPK8
List of my indicators at Appstore: http://blog.tradingview.com/?p=970

jangseohee
2 years ago
yes, i see that new small uptrend channel (a break down = bear flag)
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+1 Reply
LazyBear PRO jangseohee
2 years ago
yes, 210 is the next level if the current support zone gives up. But, on the other hand, am sure too many people are expecting this level, so gonna be wild :)
+2 Reply
jangseohee
2 years ago
210?
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+1 Reply
zmm20 jangseohee
2 years ago
The Chinese exchanges have broken this downward wedge already. Just waiting for Finex
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+2 Reply
johnrfraser jangseohee
2 years ago
Thanks Jangseohee. I'd not noticed this wedge.
+1 Reply
jangseohee johnrfraser
2 years ago
i am a channel and pattern freak ^_#
+1 Reply
johnrfraser jangseohee
2 years ago
Looking for the red circle...
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+1 Reply
BTC_trader jangseohee
2 years ago
~187
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grahvity
2 years ago
Thanks for posting LazyBear. Planning on buying these and other indicators with bitcoin if @admin approves.
+1 Reply
LazyBear PRO grahvity
2 years ago
Thanks..have notified @admin about this already.
+3 Reply
LazyBear PRO
2 years ago
Current 4hr market structure -- bounce soon?

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+2 Reply
jangseohee LazyBear
2 years ago
good one, mask the price and see the MAs
already making higher low, i see a channel , a break down means bear flag
Reply
LazyBear PRO jangseohee
2 years ago
They are actually not MAs :)
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LazyBear PRO LazyBear
2 years ago
--- April 29, 2015 ---

Updated views:

4hr view:
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1D view:
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+1 Reply
jangseohee
2 years ago
it broke out of my wedge, but the follow through is weak
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LazyBear PRO
2 years ago


Good buy volume + momentum building = still a very good setup for longs.

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LazyBear PRO LazyBear
2 years ago
Another view .. Gives an idea of different levels involved. Breaking that blue channel can take this to 230 imo, but as of now looks good.

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bryan.j.abella LazyBear
2 years ago
Hey Lazybear, been a long time fan of your scripts. Is it possible for you to list which ones you use in the main post? Those look really good. :o
Reply
LazyBear PRO bryan.j.abella
2 years ago
Hey Bryan,

Here're the indicators used:
- RSI S/R levels: More info here -> https://www.tradingview.com/market/lb-srlevels/
- RSI MTF Panes: More info here -> https://www.tradingview.com/market/lb-mtfpanes/

You can get them from the market place by clicking on "Indicators" button.
Reply
LazyBear PRO LazyBear
2 years ago
It has gone to 230 after breaking down the blue channel...this support gonna hold?

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Another view of the market struct. It broke the prev support highlighted (in one of my comments above)

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FWIW, weekly.

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+1 Reply
LazyBear PRO
2 years ago
--- April 29 2015 ----
This broke down the 230. But price doesn't seem to be ready to go sub-200. Wait for this div to playout.
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Another view.
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LazyBear PRO
8 months ago
wow..this is a great price structure.

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Reply
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