I'm not a financial advisor, Don't buy or sell bass on what I'm saying... I do own some Bitcoin and I think it has a great future, this future may or may not be that great so PLEASE DO YOUR OWN HOMEWORK. THIS POST IS JUST FOR INFO ONLY...
I have recently posted a new and my 1st attempt at a real indicator this past weekend...
It's called "Hello VWAP" it takes a couple of "SMA" with the "VWAP" and combines them in one white line on the chart...
I have been looking at the hour chart and it looks like Bitcoin is holding support over my indicator... But over the last day or so, there have been some big tests of it but the line is still going up so will we see a higher price in Bitcoin VS USD over the short term?
Now out to the 12 hourly chart, over the last month or so... Bitcoin has stayed well above the "Hello VWAP" indicator, But it has tested it a couple of times and for a couple of days, it was under it... It looks like it's going to head under it and roll back down for a bit... You can really see it on the daily chart...
On the day chart "Hello VWAP" indicator has really shown it's power because I have made it for a long term investor like me... If I did make this indicator earlier this year and did sell when the price of Bitcoin was under the indicator line, I could have not seen a %57 loss in my holdings and if I did buy when it was back over the line... I would have been up about %33, but as you know you can see the pass easier from the future... But for my future outlook for the next little bit, I can see Bitcoin at least test the line... But I'm thinking it will fall under it, if that is true I hope it's a fast pull back...
If you want to get the "Hello VWAP" indicator you can get your own copy under my profile and if you are so kind can I get your feedback on it or any ideas you may have for it, I want to make this the best indicator as it can be...
Happy Trading,
Justin
I have recently posted a new and my 1st attempt at a real indicator this past weekend...
It's called "Hello VWAP" it takes a couple of "SMA" with the "VWAP" and combines them in one white line on the chart...
I have been looking at the hour chart and it looks like Bitcoin is holding support over my indicator... But over the last day or so, there have been some big tests of it but the line is still going up so will we see a higher price in Bitcoin VS USD over the short term?
Now out to the 12 hourly chart, over the last month or so... Bitcoin has stayed well above the "Hello VWAP" indicator, But it has tested it a couple of times and for a couple of days, it was under it... It looks like it's going to head under it and roll back down for a bit... You can really see it on the daily chart...
On the day chart "Hello VWAP" indicator has really shown it's power because I have made it for a long term investor like me... If I did make this indicator earlier this year and did sell when the price of Bitcoin was under the indicator line, I could have not seen a %57 loss in my holdings and if I did buy when it was back over the line... I would have been up about %33, but as you know you can see the pass easier from the future... But for my future outlook for the next little bit, I can see Bitcoin at least test the line... But I'm thinking it will fall under it, if that is true I hope it's a fast pull back...
If you want to get the "Hello VWAP" indicator you can get your own copy under my profile and if you are so kind can I get your feedback on it or any ideas you may have for it, I want to make this the best indicator as it can be...
Happy Trading,
Justin