Dear Everyone,
Sometimes we have frustrating variations of the price. However, sometimes we have averaging methods for avoiding the local noise. One of theese methods is the usage of Heikin-Ashi candles. About the averaging algorhytm of Heikin-Ashi I will not write here as there is a lot of stuff in the internet, rather good explaining such method.
As you can see, following two days we switched green and todays candle is very, very small.. Look at the RSI for daily Heikin-Ashi candles... We broke the resistance and created the buy signal. Look at the Bollinger band - very, very narrow. It is not very often to see such narrow Bolinger band.
It is very possible we will make a big move up since tomorrow...
Oh, BTW... There is enormous number of opened shorts for bitcoin... I really expect shocking move upwards with a true shortsqueeze!
Best regards,
Paweł
Sometimes we have frustrating variations of the price. However, sometimes we have averaging methods for avoiding the local noise. One of theese methods is the usage of Heikin-Ashi candles. About the averaging algorhytm of Heikin-Ashi I will not write here as there is a lot of stuff in the internet, rather good explaining such method.
As you can see, following two days we switched green and todays candle is very, very small.. Look at the RSI for daily Heikin-Ashi candles... We broke the resistance and created the buy signal. Look at the Bollinger band - very, very narrow. It is not very often to see such narrow Bolinger band.
It is very possible we will make a big move up since tomorrow...
Oh, BTW... There is enormous number of opened shorts for bitcoin... I really expect shocking move upwards with a true shortsqueeze!
Best regards,
Paweł
