I believe last sunday high June 3rd was significant and I believe Friday low June 8th significant. If we break out Friday low I believe market could take us down at least to blue trend line. Look at the stochastic pattern for beginning of month since January. That is what is bothering me. If we do go lower hopefully we get a quick bounce back because I'm 100% a...
The position on the Stoch is not the same as the other times this year. The reason being that the MACD lines are already in minus/negative territory, and so is the Awesome Oscillator. Could they indicate we get a quick bounce back from any new lows ? JUST AN IDEA. NOT ADVICE. ALL DISCLAIMERS APPLY. DO YOUR OWN RESEARCH.
Stoch RSI and Stoch start at overbought beginning of November 2017 like now. Can it repeat? Y/N News impact is so different. NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. DO YOUR OWN RESEARCH.
Bitcoin is playing "bad ass". With a good repeating pattern breakout or volume gives a clear signal. Could have done with a lower fractal low - didn't get it. Could have broken upwards on break of downward diagonal trend lines - didn't get it. Currently Bitcoin looks like just waiting to break higher. I've added a study of the first day of the month volatility...
I thought making a fractal low could take longer. I'll be surprised if cutting through downward trend lines significant volume does not appear to push the market higher and with higher highs and higher lows confirms the fractal low in its wake. What's there to derail it? More global trade warmongering? Good or bad before North Korea meet-up ? Other global market stat?
Insight again into how bitcoin -0.92% holding up. Three of the red horizontal lines relate to day opening/closing prices. Waiting to update day chart with some big volume move or confirmation of fractal high which should happen at close today 5th June. I've cautiously added some downward sloping diagonal trend lines as I think they will have greater...
Insight into how bitcoin holding up on 2 hr chart
Simple reasons to buy I think. I've added MACD which shows cross overs in white and divergence between the MACD bars and candlestick closes shown in red and green lending support to direction of the market with underlining white horizontal lines included. My other chart is still waiting for developments before it can be updated as a fractal low and high were...
To complete blue box - my fractal tracking idea, I need bitcoin to complete fractal high. I'm surprised did not complete fractal high earlier. Hope global market trade wars aren't impacting. Have removed earlier white diagonal line as has no value till we've had a fractal high followed by a low.
Here is my day chart update. I was waiting for the consecutive down fractal to complete to form my blue box. Now all I need is confirmation of a fractal high and that is the blue box casing complete. Once the market confirms the next fractal high I expect it to head back down again to make a fractal low before convincingly crossing the white downward sloping...
JUST RE-DRAWN THIS CHART AS SHOULD NOT HAVE ADDED TOP YELLOW TREND LINE.
Here's another intra-day re-jig while I think when to update on my other charts.
Here's another intra-day re-jig while I think when to update on my other charts.
Just another boring chart.
A new idea while bulls and bears review their strategy for next week and month of June
Need another upside break?
Updating all my charts.
Bitcoin broke out of the box. Is it a Pandora? Gold looks upping it a bit, global markets in a tizz, and American economic data due out shortly.