Hello everyone! I haven't published charts on TradingView for a while BUT I am considering starting up again. What do you guys think?
Hope everyone is doing well through this bear market. Unfortunately, I have some more bearish analysis for you here but these indicators have been VERY STRONG in my experience and as you can see on the chart.
This chart uses the Breadth & Volume indicator which has become one of my favorite, go-to, indicators for signals lately.
This is a BTCUSD DAILY chart so these signals are typically stronger than smaller timeframes and the Daily chart also carries more weight than smaller timeframes as well.
This is a VERY SELF EXPLANATORY chart. I took a lot of time to make it as easy as possible to understand because I feel this signal is very important.
I have back-tested this signal over the last 16 months as you can see on the chart here. This signal has flashed just 5 times over the last 16 months (actually 6 because 2 of them are connected but I count that as 1)
THE ACTUAL SIGNAL WE'RE TALKING ABOUT HERE is "BEARISH DIVERGENCE" on the B&V INDICATOR. (Represented by RED LINES on the B&V indicator)
I marked all of the signals with vertical lines and a yellow oval around the actual signal itself.
If you look at all the signals on the chart, they have ALL led to DOUBLE DIGIT DROPS! Not just that, but you can see that almost all of the drops started IMMEDIATELY after the signal flashed. There is ONE exception shown on the chart in the GREEN CALLOUT LABEL where BTC price increased by about 6% BEFORE dropping.
The AVERAGE DROP is greater than 27% and the average timeframe is 34.4 days. Notice one of the drops took over 70 days while one took just 5 or so but most seem to be between 20-30 days.
Based off of this powerful signal, I think going "SHORT" is the way to go. As you can see on the chart, If BTC were to fall 27.4% it would put the price just BELOW 15K. Also, 34.4 days from the signal is NOVEMBER 8th.
I hope you all use this information wisely. I'm happy to share it with you.
Please LIKE, COMMENT, SHARE and FOLLOW me for more analysis!
Until next time, Take care.
Hope everyone is doing well through this bear market. Unfortunately, I have some more bearish analysis for you here but these indicators have been VERY STRONG in my experience and as you can see on the chart.
This chart uses the Breadth & Volume indicator which has become one of my favorite, go-to, indicators for signals lately.
This is a BTCUSD DAILY chart so these signals are typically stronger than smaller timeframes and the Daily chart also carries more weight than smaller timeframes as well.
This is a VERY SELF EXPLANATORY chart. I took a lot of time to make it as easy as possible to understand because I feel this signal is very important.
I have back-tested this signal over the last 16 months as you can see on the chart here. This signal has flashed just 5 times over the last 16 months (actually 6 because 2 of them are connected but I count that as 1)
THE ACTUAL SIGNAL WE'RE TALKING ABOUT HERE is "BEARISH DIVERGENCE" on the B&V INDICATOR. (Represented by RED LINES on the B&V indicator)
I marked all of the signals with vertical lines and a yellow oval around the actual signal itself.
If you look at all the signals on the chart, they have ALL led to DOUBLE DIGIT DROPS! Not just that, but you can see that almost all of the drops started IMMEDIATELY after the signal flashed. There is ONE exception shown on the chart in the GREEN CALLOUT LABEL where BTC price increased by about 6% BEFORE dropping.
The AVERAGE DROP is greater than 27% and the average timeframe is 34.4 days. Notice one of the drops took over 70 days while one took just 5 or so but most seem to be between 20-30 days.
Based off of this powerful signal, I think going "SHORT" is the way to go. As you can see on the chart, If BTC were to fall 27.4% it would put the price just BELOW 15K. Also, 34.4 days from the signal is NOVEMBER 8th.
I hope you all use this information wisely. I'm happy to share it with you.
Please LIKE, COMMENT, SHARE and FOLLOW me for more analysis!
Until next time, Take care.
