user100000
Long

Constant width envelope

BITSTAMP:BTCUSD   Bitcoin / Dollar
570 8 5
I have created a constant width envelope around the market price action. It is similar to the traditional parallel channel but is more dynamic. Anytime the market move closer to the upper channel you know it is over bought and a move near the lower channel is good place to buy
rivet.popper
2 years ago
Can you explain how it is "more dynamic" please? It's not constant around the steep falls in price.
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user100000 rivet.popper
2 years ago
dynamic; it follows the market price action and doesn't care about "trend lines"
the steep fall has a constant width. align your thumb and index finger vertically and try to follow the path
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user100000 user100000
2 years ago
width = vertical width
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beamer
2 years ago
How can I get that tol?
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user100000 beamer
2 years ago
it's not a tool. i draw it by hand
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beamer
2 years ago
tool*
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jirakst
2 years ago
Nice. It's at support now.
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user100000 jirakst
2 years ago
the constant width chart needs to be updated

i tried drawing the envelope using bezier curves with inkscape. it looks much better and more natural looking. i wish tv would add some way to smooth straight lines just like inkscape
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