The truth about #bitcoin shorts using 20MA
Updated
Using peaks of 20MA bitcoin shorts to see if good support areas
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Here are the close upsComment
Here is my latest research secret using my custom MACD (6, 13, close, 31). Studied all points when signal line in orange turns positive, and put a vertical in at the first point afterwards when the MACD in blue drops from a peak. Learnt a lot about what will keep this upward tend going. If all goes well it should turn out like the best examples below. Histogram is currently negative. Its got to turn green by end of today 27 Feb or the past samples I picked are going to have to change. Not Advice. DYORComment
I've had to switch my stance to sell for now, here's why 20 MA been taken out. Histogram turned red Also, may close below close 24 Feb $3,831.3 BITFINEX, & looks like Parabolic SAR flipped. Will have to spot another signal before turning bullish again.Here's a match I was comparing it with in a previous posting because the 20 MA was just clipping the corner of the blue box.
The blue square marks space between when my blue line MACD flips positive and my orange Signal Line follows suit (Custom MACD (2, 13, close, 31))
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Warning this signal has been deadly to bulls in 2018 see the white horizontal lines. The only time market hovered a bit was the pink horizontal. Using my custom MACD (6, 13, close, 31) just follow the Signal Line in orange - when its positive just add a yellow vertical to the day it turns down from first peak. Not Advice. DYOR. Comment
Will it be different this timeComment
Copy of new post "Still a bull run opportunity? YES but guess what...details on chart"Comment
Made a small error. Had originally grouped boxes using shorter MA than 20MA which was still interesting but here is what best illustrates how small square can work its way into something big just by staying above or below 20 MA and using those vertical signal pointsComment
Done some research to find out what the market may be thinking when my histogram goes red four days after green and still closing above 20 MA. Here are two charts. Will it be different this time? Comment
Then again market hasn't closed yet so will have to see if close above 20MA and Histogram stays dark red.Comment
Worth checking out this indicator when it spikes like below. Could be a bad omen Not Advice DYORComment
This looks good maybe NOT ADVICE DYORDisclaimer
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