The easy way to ride this baby. There aren't many set-ups like this to study. Work your strategy using 20MA by studying stats for each set up. Using my custom MACD (6, 13, Close, 31) I've boxed price where MACD in blue switches above zero through to where Signal Line does same. I've marked with vertical white line where MACD first switches above zero. That's all...
All details on chart. Go with breakout but watch for whipsaw like in Dec 2018. Not Advice. DYOR.
First thing you need is my custom MACD (6, 13, close, 31). Then just use signal line. Mark all first days up from a bottom with light blue vertical. Then set up RSI use default. Have marked with purple vertical when big drop in price touches lower green horizontal level. Only one allowed (I guess) between two light blue verticals. Once you done I looked for two...
All details on chart. Go with breakout but watch for whipsaw like in Dec 2018. Not Advice. DYOR.
My first go using VIX the fear index as bitcoin thrives on fear. The key is the Williams Fractal. For each confirmed fractal top I marked with a red vertical if the VIX went negative, and green the reverse. I then looked for support and resistance patterns. White horizontals are my current levels of interest in this first study. NOT ADVICE DYOR Here is the study...
#bitcoin using Custom MACD (6,13, close, 31) see blue columns above & pattern only 2 occasions this year. So trend line holding up but in absence of my other signals I got to go with the 31 Dec close which ended lower than 30 Dec open Not Advice DYOR
Using studies of Wiliams Fractal and my custom MACD (6,13, Close, 31) colour marking moves of all its constituents for clues. Not Advice. DYOR. Biggest threat to bitcoin in January could be e.g. "CBOE Ten Year Treasury Note Yield" (TNX) complex. Big moves have affected bitcoin at significant junctures in the past. If its volatility can be contained sufficiently...
Small sample study Williams Fractals (Consecutive fractal lows = Orange box) using custom MACD (6,13, Close, 31) Log Format. Sample picked where no breach of consecutive fractal lows followed by - White verticals = blue MACD flips up; Purple box = orange signal flips up; Yellow box = blue MACD flips down. If White horizontal break then bull over maybe. NOT ADVICE....
Study MACD 2018 (Only when signal lines < zero) Mark: all 1st 3 pinks in Histo white; all 1st dys up in Signal Line brown; all 1st dys up & down in MACD blue Take 1st brown vertical after white & box volatility between candle before & after in orange Close breakout can signal trend or near end Not advice DYOR. Could try and refine using MACD blue verticals and...
Enclosed is an update of another study/post, also Monday 17 Dec is one year on from peak in 2017 so I've enclosed some charts of previous years for comparison
Mon 17 Dec 2018 is one year since bitcoin peak 17 Dec 2017. Not a single media reporter or journalist appears to have referred to it in media yet. No analyst or analysis available yet. Is that good or bad news? Bullish or bearish. A good or bad time to buy? Three simple charts showing what happened in previous years from high Dec 2013
Construction: Only used signal line in Histogram format. The last time confirmed low was shortly after price hit bottom the signal line dropped into the box (light blue) which is the gap between the last lower low in the signal line. Note that I've picked lower lows in the signal line which did not return above zero in between NOTE: The low in this example of...
When is it safe to buy. Not Advice. D.Y.O.R. Past performance is no guarantee of future outcomes. Different indicators and settings would give a vast array of different outcomes obviously. See previous outcomes below:-
All notes on chart which may help confirm when bitcoin hits bottom. The way bitcoin going as I publish we could see a new low very shortly. All the more reason why this new study could be timely.
Loads of predictions and time to try and make it simple maybe using roughly same principles as when bitcoin first hit $6000 low back in February 2018. I think if bitcoin goes lower then there may be serious doubts about its future dominance and likely institutional portfolio weighting going forward into 2019.
Construct details on chart - go to the first at start of year. Note market expected to break lower first. Not Advice. DYOR. Futures expiry next week. Will update.
New study with huge implications maybe. Could make or break any future BULL RUN. Default indicator settings multiplied by four for Weekly Chart and by thirty for the Daily.
Study of 200 MA updated to include a variety of indicators with default settings multiplied by 30 (30 days average in month). Maybe next bull run will work on a different multiple and those using 30 will be too late to catch it. Cannot predict outcomes, but can sure tell us something's odd/different about today. Each chart has an extra indicator added to the...