Fib circles are channels and fib time ext/price support/resistance. The angle of exit from fib circle indicates trajectory. On the log chart they help show the current price channel and trend as bitcoin is 2X Parabolic.
RSI's have two indicators overlaying a Keltner channel oscillator On the 4H is the (x6) Daily RSI in green pink, with a fast Daily RSI in yellow.
I use the K.eltner C.hannel in blue/ and the K eltner C hannel O scillator under the RSI to find trends/reversals (to the Green/Red Momentum oscillator) It shows momentum changes by the depth on the top or bottom of the candles of a trend. (depth to the K.C.) Helps indicate trend shift. It follows the price closer than the Momentum oscillator. I think it uses a 20/Ema.
In combination with RSI I see momentum shift and Top/Bottom.
I use the Green/Red "momentum oscillator" to confirm price direction on any Time Frame. It has red/down blue/potential reversal green/up, trends. Each dotted line is the same indicator but the Time Frame divided by 2. (4H: 2H/1H/30M)
So In combination with some trend lines, tradition S/R and Fibonacci ext/retracements. I get a well rounded perspective on price movement.
I added in the S/R vol weighted indicator for fun. It turns out to be a very good indicator.
Mike this look so accurate but I don't understand it for prediction. Also I'd love to see you do the BCH charts since it is even more parabolic than BTC - maybe 3x or 4x.
Mikelikescrypto
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@astrologychick, BCH looks poised for a retracement but could potentially go higher if BTC does.
astrologychick
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@Mikelikescrypto, Thanks, I think down some then up higher. Then who knows.
Mikelikescrypto
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@astrologychick, Yeah, BTC is in correction mode now after that big move, but still above momentum indicator on the 1 hour. Got a bounce so we will see if 3774 holds.
astrologychick
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@Mikelikescrypto, I think that if BCH can blow past $4500 we will see a parabolic move up as all sorts of fomo kicks in. Not sure what it will do after that though. Fomo is a powerful thing.
@Mikelikescrypto, Those were pretty much the levels I was looking at. I hope we do get back up to the .949
When you look a the coinbase chart you can see a break where the ratio got slaughtered. This looks like criminal activity to me so the insiders could get the best deal. BCH was pushed down really hard.
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Mikelikescrypto
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@astrologychick, I think that market on CB might of went down? here's bittrex