All I did was study Williams Fractal. There are only 13 like the last dating back to 31 March 13. Of those only two close above the 20 MA, and only 2 don't have a Parabolic SAR white dot on the top. Not Advice. DYOR
A basic guide on how to play the descending triangle breakout. Works Referenced: (Kirkpatrick and Dahlquist, 2010, p. 315) (Bulkowski's Descending Triangles, 2005) Kirkpatrick and Dahlquist state that descending triangles breakout to the downside 64% of the time (2010, p. 315). But "Price Breakout Down: Price fails to gain at least 5% from breakout 16% of...
The easy way to ride this baby. There aren't many set-ups like this to study. Work your strategy using 20MA by studying stats for each set up. Using my custom MACD (6, 13, Close, 31) I've boxed price where MACD in blue switches above zero through to where Signal Line does same. I've marked with vertical white line where MACD first switches above zero. That's all...
All details on chart. Go with breakout but watch for whipsaw like in Dec 2018. Not Advice. DYOR.
First thing you need is my custom MACD (6, 13, close, 31). Then just use signal line. Mark all first days up from a bottom with light blue vertical. Then set up RSI use default. Have marked with purple vertical when big drop in price touches lower green horizontal level. Only one allowed (I guess) between two light blue verticals. Once you done I looked for two...
All details on chart. Go with breakout but watch for whipsaw like in Dec 2018. Not Advice. DYOR.
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Here is a collection of inspirational trading/investing quotes that i live by; 1. “investing in yourself will be the best investment you make in your life” – Warren Buffet 2. “Trade small because that’s when you are as bad as you are ever going to be. Learn from your mistakes.”-Richard Dennis 1. “The goal of a...
Diamond Bottom is considered a bullish signal indicating a possible reversal of the current downtrend to a new uptrend. Diamond patterns usually form over several months in very active markets. Volume remains high during the formation of this pattern. The Diamond Bottom pattern occurs because prices create higher highs and lower lows in a broadening pattern....
One of the first things to know about rising and falling wedge patterns, is that they’re a great indicator of an upcoming reversal. Much the same as other wedge patterns, they’re formed by a consolidation period representing either distribution or accumulation. While both rising and falling wedges can form over a period of any length, typically the longer the...
My first go using VIX the fear index as bitcoin thrives on fear. The key is the Williams Fractal. For each confirmed fractal top I marked with a red vertical if the VIX went negative, and green the reverse. I then looked for support and resistance patterns. White horizontals are my current levels of interest in this first study. NOT ADVICE DYOR Here is the study...
A head and shoulders pattern is a chart formation that resembles a baseline with three peaks, the outside two are close in height and the middle is highest. In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal. A head and shoulders pattern is comprised of three component...
#bitcoin using Custom MACD (6,13, close, 31) see blue columns above & pattern only 2 occasions this year. So trend line holding up but in absence of my other signals I got to go with the 31 Dec close which ended lower than 30 Dec open Not Advice DYOR
Using studies of Wiliams Fractal and my custom MACD (6,13, Close, 31) colour marking moves of all its constituents for clues. Not Advice. DYOR. Biggest threat to bitcoin in January could be e.g. "CBOE Ten Year Treasury Note Yield" (TNX) complex. Big moves have affected bitcoin at significant junctures in the past. If its volatility can be contained sufficiently...
A Bear Flag is a price action within the context of a downtrend that produces an orderly price increase consisting of a narrow trend range comprised of higher swing/pivot highs and higher swing/pivot lows. The success of a Bear Flag can be greater after a significant downside move due to the possible increase of overhead resistance. Bear Flags can be stronger...
The Double Bottom Reversal is a bullish reversal pattern typically found on bar charts, line charts, and candlestick charts. As its name implies, the pattern is made up of two consecutive troughs that are roughly equal, with a moderate peak in-between. It is important to remember that the Double Bottom Reversal is an intermediate to long-term reversal pattern that...
Flags and pennants are continuation patterns. They are traded in the same way, but each has a slightly different shape. The terms flag and pennant are often used interchangeably. A flag or pennant pattern forms when the price rallies sharply, then moves sideways or slightly to the downside. This sideways movement typically takes the form or a rectangle (flag) or...
Small sample study Williams Fractals (Consecutive fractal lows = Orange box) using custom MACD (6,13, Close, 31) Log Format. Sample picked where no breach of consecutive fractal lows followed by - White verticals = blue MACD flips up; Purple box = orange signal flips up; Yellow box = blue MACD flips down. If White horizontal break then bull over maybe. NOT ADVICE....
Study MACD 2018 (Only when signal lines < zero) Mark: all 1st 3 pinks in Histo white; all 1st dys up in Signal Line brown; all 1st dys up & down in MACD blue Take 1st brown vertical after white & box volatility between candle before & after in orange Close breakout can signal trend or near end Not advice DYOR. Could try and refine using MACD blue verticals and...