1d standard Coppock curve (10,14,11) has crossundered 0 -> I think, it might mean, that - unless a huge buying power comes in - a 15-30 days long downtrend might to come. During negative Coppock-times BTC used to reach Keltner Channel (1.618, 100) so extrapolating this (with low confidence), it may mean that this time BTC might go down and stay in the 8k-12k...
Taking a look at BTC on 1w basics indicates that, despite the superincrease in OBV, an RSI<30 is long overdue. So based on this I think if OBV cannot double (feels impossible) than further downside is coming, and even if it doubles than later it cannot quadruple after. My previous analysis (12.5k for 25th of Dec) feels invalid looking at the big picture, so...
BTC falls big. I jumped into buying before my signal actually signaled. (Coppock crossing its SMA). Why? FOMO took over (miss the big rally). Lesson: during big turmoils WAIT for the signal.
The 4h chart and the 1d chart of BTC (RSI, Coppock, OBV, DMI, TSI and Aroon, MACD) show somewhat different outcome for BTC: - based on the 4h it is possible that 15k was/is the bottom for BTC and DI+ times are coming, - however based on the 1d, there is strong chance for further down to 12k or a long consolidation period. The charts shows the 12k...
Since 11 of Nov, since the big rally of BTC , based on correlation to BTC, it is strongly visible that LTC, ETH and XRP act somewhat differently. While before they were not so dependant on BTC, by now they are: PCCs to BTCUSD: LTCUSD 0.9 , ETHUSD 0.7, XRPUSD 0.46 BTC's dominance has strengthened, if BTC falls back, they all are likely to fall back. LTC's...
GAME might be ready? (CCI, MACD, RSI seems OK, ES, Coppock passed - to +, Resistance zone just passed, Support is quite close, right below.) However, if it rallies, I have no idea how high, 3USD maybe. Ideas? This is NOT a trading advice, always use stops and try to avoid FOMO!
If coinbase officially announce that BCH will be listed, than I expect an immediate jump to above the blue zone of the plotted 1var linear regression (since 19 of Nov, 2, 2). However, if not than, it is likely to fall under red. Based on the recent and linear increase in OBV, it seems the market is kind of expecting an official coinbase announcement... If it...
Albeit my previous prediction was wrong, based on basic indicators (CCI, RSI, MACD and Coppock), I still think that LTC is likely to fall back... However due to the slight increase, my tactics also slightly changed: - week ago my tactics were: entry level ~64, stop sell ~41, exit 1/2 ~91, - by today, it is changed to entry level ~67, stop sell ~56, exit 1/2...
LSK Coppock (1D, 10, 14, 11) curve crossed from negative territory to positive, which might mean that it turns to bullish. My tactics: buy in (now) @8.2 -> -10% stop loss sell, profit sell 1/2 @ 9.2, 1/2 at 10.4. This is NOT a trading advice, just a biased idea, tactics! Always use stops, calculate risks and try to avoid FOMO! (Especially nowadays!)
2017 1W Coppock (standard) value is @259 (highest in 2017) --> I believe within weeks (probably before Futures) BTC shall correct.
my tactics: entry level ~64, stop sell ~41, exit 1/2 ~91, exit 1/2 ~121
Based on Coppock indicator and regression, I think, XRP's Coppock indicator might really hit bellow zero and turn back within/around 10-15 days and that might be a good entry point (with stop sell as always). Current Coppock indicator for XRP is ~1,5 (15mins, 100+e) and using time series linear regression , if it continues to fall than 10-15 day might be the...