So, after China announces news about ICO prohibition, Bitcoin changes trend to downtrend and correction target will be 3757$. Indicators are slowly changing their direction, also bullish pressure is decreasing significantly at 4100. I think tommorow will be uptrend till 4500-4600.
Daily Blue Candle + negative SRoC (smoothed Rate of Change ) has a nice probability and gets often a 4:1 ratio
After reaching the 4:1 ratio the Stop Loss will be converted to a Trailing Stop Loss to maximize the Profit on this setup + hard Stop Loss moved into profit under a Key level later on (updates will follow)
Daily Blue Candle + negative SRoC (smoothed Rate of Change) has a nice probability and gets often a 4:1 ratio
Hitting a nice Level on the Weekly with a nice Wick so far - still needs monitoring until the weekly close to confirm, but the daily already gives the Entry
After reaching the 4:1 ratio the Stop Loss will be converted to a Trailing Stop Loss to maximize...
This updated version of iROC replaces the previous version which is labeled simply "calculus".
Thanks to Dr Richard P, Feynman . You might enjoy his classic 1961 Cal Tech lectures on Physics too, available for free on line.
Peace.
Tarzan
when you simply must be the first to know
Great HFT momentum algo.
Doing some derivatives 4 u.
Tell your kids not to sleep through math class and please see my other free indicators and strategies.
Peace.
T A R Z A N
The idea is to make a trade when:
(1) RSI exceeds the 30-70 band
and (2) there is a spike in volume shown by ROC for volume
The spike in volume suggests that market is reacting to the event (i.e RSI showing overbought/oversold)
The dark blue line is 5X the average volume of the last 500 days.
Use Volume profile bars to choose Take profit and Stop loss....
![SI1!: iROC Pro [instantaneous Rate of Change Deluxe version]](https://s3.tradingview.com/r/rx9ESky5_mid.png "iROC Pro [instantaneous Rate of Change Deluxe version]")
