Using USDCNY (Caveat- LINE BREAK CHART & small sample size) See what happens when MACD signal line drops into negative territory. Significant support line for bitcoin price. See Oil and Gold price effect on support line. Will coronavirus shut down bitcoin mining in China? What will happen when Chinese market reopen. Is bitcoin about to explode? Bahhhhhh...........
As posted in previous postings "If market closes above $8930 and $9177.5 either one looks like could provide next level of critical support going forward, and replace current $7933.4" NOT ADVICE DYOR
Can MACD (line in blue) be sustained above zero. Caveat - small sample size. NOT ADVICE. DYOR.
I have been watching the price movement of bitcoin and I consider a possibility that the current price action is a very rare pattern of the terminal impulse, which consists of 5 waves, but waves of a smaller degree form the 3-3-3-3-3 pattern. This is not 100% true until it is completed, and serious trading decisions should not be made on this basis. However, I...
Using Line Break charts. NOT ADVICE. DYOR. Plus one converted to Kagi Chart
Ross hooks on the example of BTC / USD. With the continuation of the trend + 22% I decided to combine a teaching and trading idea. As we see from the story, after detecting the 1-2-3 pattern, Ross hook worked twice in a row. Perhaps it will work out again, or at least partially move, provided that the line of the local uptrend is not broken . I marked the area...
8 Bear targets analysed - Caveat small sample size
Suggested accumulation zone: $5,910 - $8,630. This is where the bulk of the volumes lies in the past 27 months. VPVR shows point of control as $6,263 from the rally in September 2017 from mid $3ks until January 2020. Declining volume implies a breakout in the not so distant future. Above $11,500 there is declining volume. DYOR.
For this chart I utilized the Fisher Transform of the On Balance Volume (OBV) to identify common patterns not particularly discoverable by looking at price alone. Notice I do not portray a forecast using the same candle movement as when the fisher pattern indicates a repeating trend. This is because the price action will most likely not follow the same historical...
CAVEAT - SMALL SAMPLE SIZE NOT ADVICE. DYOR. Trying to work out conditions that need to be met for a big downward move using "line break charts" and MACD. This weekly one show better what a green bar with a white vertical through it could do for bears
Will such timely alignment favour bulls or bears. NOT ADVICE. DYOR. From previous posts. For construction details view same.
See what happens when 120MA of 200MA cross (added indicator to 200 MA i.e. 120 MA). Caveat - small sample. NOT ADVICE. DYOR.
Hello traders! Today we will talk about cryptocurrencies, specifically DASH in which we potentially see the bottom and bullish reversal. Well, what we have noticed in the Crypto market is that we usually see some trend changes at the end of the year. Let's take Bitcoin for example; BTC topped at 20k at the end of 2017, then bottomed at 3k at the end of 2018 and...
Presented is the Bitcoin Dominance Chart. We've since reached target of the major Broadening Descending Wedge it was on which granted many moon seasons pre 2019. I have marked all major resistances and supports, Fibs from the ATH to ATL. And then Fibs from the ATL to the current high of 2019-2020. Moving forward, these levels should be heavily respected, along...
Trading isn't easy, that is for sure. Of course the setups all seem easy on paper but when it comes to putting your money on the line IRL there are many traps. This is why risk managment and not going "all in" is so important. You must survive to profit. P.S. Thank you to all my long time followers and interacters. You guys have seen me at my heights and at my...
NOT ADVICE. DYOR.
BTC had nice rally recent days. To break down recent price action, see 1H chart. 1. Big volume push price from 6,950 to 7,260 (4.5%). 2. After 1, no bigger volume seen. 3. This morning, we see another big volume pushing price from 7,760 to 8,000 (3%). It's possible that, some whale bought up in step 1, and is selling in step 3. If that's the case, we won't see...