All notes on chart which may help confirm when bitcoin hits bottom. The way bitcoin going as I publish we could see a new low very shortly. All the more reason why this new study could be timely.
Loads of predictions and time to try and make it simple maybe using roughly same principles as when bitcoin first hit $6000 low back in February 2018. I think if bitcoin goes lower then there may be serious doubts about its future dominance and likely institutional portfolio weighting going forward into 2019.
Construct details on chart - go to the first at start of year. Note market expected to break lower first. Not Advice. DYOR. Futures expiry next week. Will update.
New study with huge implications maybe. Could make or break any future BULL RUN. Default indicator settings multiplied by four for Weekly Chart and by thirty for the Daily.
Study of 200 MA updated to include a variety of indicators with default settings multiplied by 30 (30 days average in month). Maybe next bull run will work on a different multiple and those using 30 will be too late to catch it. Cannot predict outcomes, but can sure tell us something's odd/different about today. Each chart has an extra indicator added to the...
Top chart is USDDNY and below BTCUSD. Using Hollow Candles to Log Scale. Blue verticals correspond to months when both markets had red candles. Signal explained on chart. Can't predict todays outcome but Yuan had the same bad month at the start of this bear market as back in the 2013-14. They were the first actors in at both starts and they may be the first actors...
New study using custom MACD (6,12, Close,31) marked first day up in Histogram light blue vertical when <0 and yellow first day down when >0. Work strategy from 1st fractal on or after vertical. I've just used the light blue verticals for my argument here.
THIS POST CORRECTS AN EARLIER POST WITH PRINT ERROR WHICH STATED BEAR TRAP IN HEADLLINE INSTEAD OF BULL TRAP New updated study. Volume oscillator set to log scale did not confirm bull set up - following breakout of yellow boxed area (see previous posts for construction) This price and volume move could be key to confirming bull trap maybe. See comparison with...
Green MACD Histogram got off to a start with a peak in VOLUME OSCILLATOR (Volume Oscillator not to LOG but Histogram Format with pink horizontal line added in to highlight zero) previous study needs to be set aside. Have included all such set-ups back to 2013. Have also included some RAYS of closing prices which I'm interested in keeping watch on from another...
New updated study. Volume oscillator set to log scale did not confirm bull set up - following breakout of yellow boxed area (see previous posts for construction) This price and volume move could be key to confirming a bear trap maybe. See comparison with confirmation beginning of February see charts below
Only done this study of BULL TRAPS and consecutive fractal lows for 2018. I may do another study going back further. WARNING TRAPS DON'T ALWAYS FOLLOW CONSECUTIVE FRACTAL HIGHS AND LOWS THEREFORE COULD JUST HEAD STRAIGHT UP OR DOWN Here's what you do. From the last consecutive fractal low do a yellow arrow to the next consecutive fractal low. Then shade...
Bitcoin here's an idea to base trading strategy using Log MACD Log VOLUME OSCILLATOR log PRICE CHART. Brown verticals mark switch MACD Histogram to green and when VOLUME OSCILLATOR is above zero. Then box pink the volatility to first fractal. There's your box done to formulate trading strategy maybe
Volume oscillator & MACD Log format. Marked volume troughs & green MACD & red candle with purple vertical & green in orange. Joined consecutive fractal lows with yellow line. Picked first orange vertical & boxed 3 days volatility in white then wait for break out. Will next vertical be orange?
Notes of study on chart.
A new study of consecutive fractal lows using STOCH RSI to log scale. Noticed that when K in blue hits zero on its own without D and before a consecutive fractal low is confirmed the result has been bullish .
New study using my custom signals. See previous posts for construction. What first struck me with my latest signal was that both days had opposing fractals. Only happened one other time this year. You can check the match for yourselves. This time the patterns appear to be forming in reverse - a signal to get ready to take a long position maybe. More then one way...
One on my key signals which I've been following all year was confirmed at yesterdays close. Biggest imminent danger is from another fall in stockmarket (could be short and quick). I've included S & P 500 chart. You can wait for the break out of the box but my guess is that if the stockmarket goes down it will take all crypto with it. To find out how to...
Update (advanced study) - see previous posts or thread for more info. Note if some indicators look different to yours it could be that I've converted them to log scale, and customised. Here's how I picked the vertical bars above. Picked all the fractal highs with pivot points which also corresponded with same colour Aroon at 100 (see chart with Aroon below). I...