Using TIME FIBONACCI to connect the crash of 1877 and the crash of 1973 we get an accurate prediction on the 1.382 Fibonacci level for the bottom of the DOT COM bubble market crash in 2003 and a warning sign signaling to January 2021 being a significant date, either the beginning of the crash or the end of the crash and an entry point for investors.
Someone said that they felt that bitcoin wasn't in an uptrend. I said that clearly it is in an uptrend as an uptrend is measurable (kind of the main point) and the measurements are bullish. I'd like to take a second to talk about why objectively (by common metrics) bitcoin is OBJECTIVELY in an uptrend.
For starters, Bitcoin is up over 200% this...
A quick post to share a story that happened less than 20 min ago.
I received feedback that a follower didn't want to buy the Algorithm Builder because he "tried it and it doesn't work on the Indian market"
11 minutes later (see screenshot below), using the exact same Strategy Builder along with the Backtest (that I'll introduce tomorrow), I made him...
Travelers Companies Inc. uptrend is running out of steam. Daily view now actually sideways, implying stock has been held up by Buybacks, and without them it may slide down more. Insurance Sector is overspeculated and at a higher risk at this time.
Weekly view shows a downtrend until the end of 2018, then the stock moved sideways in a trend that is not a bottom. Supported by a weak intermediate support level. Could break to the downside with High Frequency Trader action.
The back testing was done with 240 days of data using the following settings (if you find better settings let me know)
BTC = 5 5 25 settings
ETH = 3 5 25 settings
You can choose in between using the filter or not and also set alerts according with/without the filter.
This is a threads of my reading notes for the great book: [Technical analysis using multiple timeframes]
And here is the notes of chapter 13, how & when to sell short
I will go through all of key points of this book, and find proof from the bitcoin chart.
Why to selling short?
from the book : bear markets occur every 39 months on average and...
The apex of triangle on CCI is below zero, favoring down. The move continues down from the previous CCI short signals. Because there is now a CCI divergence, two new things may be on the horizon.
1) at some time, the price is likely to be revisited where it was when the CCI low prior to the divergence occurred.
2) normally a CCI divergence occurs before trend...
Trends are not created equal, there are 3 types of trends, I am not a trend trader that much but I can identify trends and tell the difference.
This is what I know about myself:
1- Strong trends
Not that it will make a difference with 90% people...
At least it gives me some practice. Always good.
No point for me writting a large textwall explaining everything simply, those that need this do not read it or understand it anyway.
I am not a trend expert. I am not a trend trader. I find it simpler to find reversal points at support at the end of corrections...
Will Price Continue or Reverse
Possible Expectation of Price and a Moving Average
If less than 30 bars since price has been on the opposite
side of MA - expect range behavior not continuation
If more than 30 bars expect price to continue in 1 direction
Trading Pullbacks with Keltner Channel
Trading pullbacks successfully can only be done in the presence of a strong trend. Using the Keltner channel indicator we can study how the price behaves around the upper and lower envelopes to gauge the strength of the trend.
As you already learned when the price hugs one of the two bands and crawls along the band, we have a...
This one is kinda of a new one for me.
The levels are not like always, but have been having some trouble with jpy pairs, so here is to something new.
-On the daily, the price has bounced from the 61% fib lvl, leaving us a higher target
-The price has been uptrending this days
-Bounced from a monthly level
-emas crosed bullish
I think, that the price might...
This defines a trend in such in clear terms that it applies to any time frame, any symbol, any market, any time of day.
Here are some definitions I have heard what is a trend
A trend demonstrates higher highs, or lower lows. Really? how many bars of "higher highs" or "lower lows" are required to define a trend?
The trend is your friend until it ends," because...
knowing the trend of your chart will help you not get headaches later on in the market.... Also lining them up with PRZ levels is an added bust to what you already know about the market.
If you have any questions please feel free to message me.