HMA's and DMI pinching for bear cross set up on 4h for /ES
200 HMA at 2233 at time of post --
Note suppressed bear cross on DMI @ 26 March 02:00am (circled in yellow on DMI); just in case you're corona free and $2 Trillion bills hopeful... keep in mind this chart is only 4H, and skipping a cross here is NOT a signal for longterm reversal (if it bounces- play...
Running a test of Initial Balance based on NY Open, for BFX :BTC/USD with 10% daily atr vola filter. Protected candles noted in both directions. Watching for break above or below 10% levels to gauge intraday market move and direction.
Daily ATR at time of post 1627; cme and 1602; bfx
Appreciate the risk.
In Q3 of 2013, BTC/USD printed a low of $1.00.
5 years later, the low for Q3 2017, was $1826.10.
It is now 2018 and the LOWEST Bitcoin has printed is $6k.
Even after this -49.68% loss, the $6k all time low for 2018 is +715.99% change from the 2017 year low.
Over the 22 Quarters between 2013 Q1 and today (2018 Q2):
Bitcoin has performed
a. 12 of the 22 with...
BTC wicked above weekly resistance thats been in play since Dec 2016 and bounced off of support in play as of 07/2017.
Any close or extended PA above the magenta levels increases likelihood of continuation to the upside.
Watch for open or close of new candle at these levels to determine bias.
At the time of posting the Weekly atr is turning upside...
This chart shows 3 variant apex points.
HOW TO USE THIS CHART:
A. Triangles 1, 2, and 3 can be used to identify potential support and resistance levels.
B. Bolli's serve as good reference point to plot feasibility of intra, day or swing targets, up or down, within 1d ATR.
Is your target within these ranges? Confirm logic before you 100x from price at the edge...