Springbox

Springbox Aug 13, 2019

This trading system idea looks to be very useful for swing trading bitcoin on the dailies (1D candles). It uses custom parameters with Larry Williams' Ultimate Oscillator: 6/30/150 If the oscillator is receding through 69 then go short or close long positions. If the oscillator advances through 46 (or lower), open a long position. Caveat: past performance...

Springbox May 27, 2019

On the weeklies, stochastic RSI has now had the longest stretch near 100% since 2013i

Springbox May 23, 2019

Bitmex wick down looks like it might repeat? Perhaps not as a wick this time? Still haven't tested the midline.

Springbox May 17, 2019

1D BTCUSD BBands still support the idea that the CME gap is not fully resolved. We should touch the midline in order to resolve the gap.

Springbox Oct 15, 2018

Still in the meme triangle

Springbox Oct 10, 2018

Folks have asked me what triangle I am watching for a breakdown. Note: BFX premium needs to be taken into account. Currently +$90. Note2: Don't like the bottom line of the triangle and have also drawn an inside line

Springbox Feb 5, 2018

Bitcoin has been searching for a bottom price after breaking the parabolic trend lines. This chart suggests the next feasible bottom would be at $5010, but watch the price action at the previous support zone of $5933

Springbox Feb 5, 2018

It is difficult to assess where the bottom of the current Bitcoin downtrend will be. Fibonacci lines as shown suggest $5010 as a possible target, but we also should watch the support at $5933.

Springbox Jan 16, 2017

BTC has been in a sideways trend for most of the weekend since the PBOC announcement. Since the retracement hasn't broken the 23.6% fib, it is assumed the the breakout will be downwards