BTCUSD More room to go up on daily rsi/w/m 4H 12/20
Updated
Fib circles are channels and fib time ext/price support/resistance. The angle of exit from fib circle indicates trajectory. On the log chart they help show the current price channel and trend as bitcoin is 2X Parabolic.
RSI's have two indicators overlaying a Keltner channel oscillator
On the 4H is the (x6) Daily RSI in green pink, with a fast Daily RSI in yellow.
I use the K.eltner C.hannel in blue/ and the K eltner C hannel O scillator under the RSI to find trends/reversals (to the Green/Red Momentum oscillator)
It shows momentum changes by the depth on the top or bottom of the candles of a trend. (depth to the K.C.) Helps indicate trend shift. It follows the price closer than the Momentum oscillator. I think it uses a 20/Ema.
In combination with RSI I see momentum shift and Top/Bottom.
I use the Green/Red "momentum oscillator" to confirm price direction on any Time Frame.
It has red/down blue/potential reversal green/up, trends.
Each dotted line is the same indicator but the Time Frame divided by 2. (4H: 2H/1H/30M)
So In combination with some trend lines, tradition S/R and Fibonacci ext/retracements. I get a well rounded perspective on price movement.
I added in the S/R vol weighted indicator for fun. It turns out to be a very good indicator.
Long Term Charts here:
RSI's have two indicators overlaying a Keltner channel oscillator
On the 4H is the (x6) Daily RSI in green pink, with a fast Daily RSI in yellow.
I use the K.eltner C.hannel in blue/ and the K eltner C hannel O scillator under the RSI to find trends/reversals (to the Green/Red Momentum oscillator)
It shows momentum changes by the depth on the top or bottom of the candles of a trend. (depth to the K.C.) Helps indicate trend shift. It follows the price closer than the Momentum oscillator. I think it uses a 20/Ema.
In combination with RSI I see momentum shift and Top/Bottom.
I use the Green/Red "momentum oscillator" to confirm price direction on any Time Frame.
It has red/down blue/potential reversal green/up, trends.
Each dotted line is the same indicator but the Time Frame divided by 2. (4H: 2H/1H/30M)
So In combination with some trend lines, tradition S/R and Fibonacci ext/retracements. I get a well rounded perspective on price movement.
I added in the S/R vol weighted indicator for fun. It turns out to be a very good indicator.
Long Term Charts here:
Note
Note
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