But the CYBER ENSEMBLE indicator still works the best on the 3hrly for BTC (or 2/4 hrs depending on market phases -- just do a comparative back-test for maximum confluence of recent price actions/trends); where the more erratic price movements during low liquidity phases tends to be averaged/smoothened out. See:
However, it is sometimes useful to go down to lower (e.g. 15 mins timeframes) during fast price movement -- like with the recent BTC pump.
However, it is sometimes useful to go down to lower (e.g. 15 mins timeframes) during fast price movement -- like with the recent BTC pump.
Comment:
I typically use this in conjunction with the Ichimoku Cloud (CyberNetwork) -- i.e. my own settings (published), coupled with multiple MAs, and Fibs + sometimes PRISM as well coupled with RSI/Stochs.
Comment:
Buy signal now triggered on the 3 hrly on my Cyber Ensemble script.
Comment:
Woops, I've meant to post the above here:
You can follow example of how I personally use the CYBER ENSEMBLE signaling script in conjunction with other indicators in the above published BTC analysis.
Also note how the previous Sell signal from CYBER ENSEMBLE on the 3hrly was eventually obeyed.
This script generates buy/sell signals based on the interplay of an ensemble of optimized indicators and market state filters on the 3hrly chart for BTC. Depending on the market phases, the 4hrly or the 2hrly may sometimes work better (always check for confluence by backtesting with the recent market price-actions). I also found that right after a massive move, where volatility is high as the market tries to find a new equilibrium, going down to the 30 or 15 mins chart works well too. However, during less volatile phases, the poor "signal-to-noise" at these lower timeframes may result in more false-positives being triggered by the script, where price actions that does not conform with expectation base on TA can occur at a much higher frequence -- and which gets averaged (smoothed) out at the higher timeframes.
It needs to be said that TA is a probabilistic game, and does not claim to provide absolute answers. That is so with this and any indicators for the matter. Trend breaking price movements (such as the recent traditional market, e.g. SPX, correlated dump in BTC -- i.e. a blackswan event) can periodically occur which TA can never predict. In general, TA works the best during those in-between periods of relative calm, where the present market structure takes forms, and holds, and becomes clear).
Also note how the previous Sell
This script generates buy/sell signals based on the interplay of an ensemble of optimized indicators and market state filters on the 3hrly chart for BTC. Depending on the market phases, the 4hrly or the 2hrly may sometimes work better (always check for confluence by backtesting with the recent market price-actions). I also found that right after a massive move, where volatility is high as the market tries to find a new equilibrium, going down to the 30 or 15 mins chart works well too. However, during less volatile phases, the poor "signal-to-noise" at these lower timeframes may result in more false-positives being triggered by the script, where price actions that does not conform with expectation base on TA can occur at a much higher frequence -- and which gets averaged (smoothed) out at the higher timeframes.
It needs to be said that TA is a probabilistic game, and does not claim to provide absolute answers. That is so with this and any indicators for the matter. Trend breaking price movements (such as the recent traditional market, e.g. SPX, correlated dump in BTC -- i.e. a blackswan event) can periodically occur which TA can never predict. In general, TA works the best during those in-between periods of relative calm, where the present market structure takes forms, and holds, and becomes clear).