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Bonfire

BTC trends you won't find anywhere else. See the original chart with DWEB trend made Gann fans. Symmetry, alignment, and intersections provide confluence, levels and possible major pivots within the 4.5 day window on each side of the vertical lines. Long term, I am always long. This is broad outlook and we have a long way to go, so this is not a signal chart. This gives you trends to follow as support and resistance, live. This is only one feature of my custom indicator DWEB which seeks balance and equilibrium points in both time and price.
INDEX:BTCUSDLong
by CaptBlackBeard
Just Sharing One of my charts I built for myself. The idea for these charts is to see how they unfold and build trust. I will say that the lines you see are intentional and built from some pretty solid data I use. The price may respect the curves as time pushes it through each ring. Also there is much more that can be added by using tangents and intersections. You can imagine how busy the chart would be at that point. This is my chart, not really meant to share but I can understand it. Keep that in mind. Finally, the shaded areas ahead may hold some pivot data if this chart is valid. INDEX:BTCUSD
INDEX:BTCUSD
by CaptBlackBeard
1
DWEB levels and local price trends #BTC This chart is for intermediate DWEB users for learning purposes and or for followers to use for trading this local price action. If trends fail look for the next trends and levels for confluence against a system you already trust. Trends are #1 and levels are #2. Trade this chart with more trust as the price respects the lines and or this chart aligns with your other charts (confluence). By using the nodes and trends from DWEB , I was able to cast some unique visuals in terms of trends and levels. Using different candle intervals can often provide some hidden data. Often when you inverse the default intervals and indicators , you unhide even more data that is unseen by most. DWEB is very strict in it's parameters and often only makes minor adjustments between macro and micro charts. The thresholds of ranges where DWEB makes wider changes to its parameters is listed below. 1 to 314 minutes 314 to 888 minutes 888 minutes to 1444 minutes 1D TO 3 D 3D to 1W 1W to 9D. With DWEB on
COINBASE:BTCUSDEducation
by CaptBlackBeard
Free DWEB 9D trends on ETHHappy Holidays! If you follow me, you will be familiar with the powerful tool DWEB. Here I have created a 9D chart and included 3 major trends to follow against ETH's price action. If you have studied my work, you will also know there is much more data that can be easily added to this chart for future / pivots and levels Use the "Make It Mine" option in the bottom right from your PC, laptop, or tablet. If you are using a phone, always use the Desktop Mode in browser settings to view Tradingview charts. With DWEB (trends only) indicator turn on. I'm perma-bull when it comes to BTC, LTC, and ETH as a long term investments. Please trade your own timeframe goals.
COINBASE:ETHUSDLong
by CaptBlackBeard
Attn: Bonfire Indicator Users. For those using Bonfire for squaring price and time you may notice the squares have turned to circles due to changes within Tradingview. This was the original way I used Bonfire but it was a little time consuming. You can verify this by researching the original Bonfire script that I published years ago... As a temp fix, I have been brushing up on using squares that are tangent to circles. The original way I used to square price with Bonfire rings. First you scale price to fit price to circle then you manually build the squares to the tangents of the circles. When setting up the Bonfire rings, I slide the scales left to right until I find the rings capture the price. On this particular chart then drew circles from the (Bonfire centered) candle to match the rings on the indicator. Make sure to lock the scale once you fit the price to the rings. Then, align and draw squares tangent to circles. As you can see, the squares you build can be used a quadrants as well.
Long
by CaptBlackBeard
LTCBTC vs BTCUSD - Altcoins - I noted that BTC would pause around 28k and alts would play catch up. This is a necessary sweep for alts as new money in terms of fiat are falling flat. The timing is perfect with momentum strongly in Bitcoin's favor, the algos sold off / liquidated alts into BTC for mild gains (in BTC pairings) but in return now get to capitalize on those gains + a discounted alt price + confirmation of many alts retesting lows. It really is a beautiful thing to watch. Having reduced my position each time LTCBTC failed one of my major trendlines, I found being patient to renter very difficult. Soon it became apparent that alts would decouple from BTC and do some "discovery" below. Now is the time for being dedicated to a plan and diligent to see it through. That could be in the form of confirmation of the price capturing a level above or you could simply start taking a position here, only adding to it with more drops and/or the confirmation mentioned previously. Personally I like the odds and if your plan includes risk management than even better.
by CaptBlackBeard
Copy of BAT keeper Chart with DWEB trend Gann fan added. See original below with DWEB trends turned on. DWEB trend nodes are marked with red shaded circles. The Gann fan simply connects nodes at a 1/1 ratio. This should prove to be an added tool for price prediction. What to watch for in terms of price action: Price captures trends? Price respects/follows or rejects/fails trends and retest? Look for patterns and make buy/sell thresholds. How does price react at each crossing at each drawing? Trade confluence and confirmation based on your timeframe and risk limits. Long-term outlook I want to build longs only if I see confirmation and confluence across multiple charts. See link to part 1 (private chart )
Long
by CaptBlackBeard
4
Geometry, 45 Degrees, and Symmetry TELIf you look closely you will see a parabolic curve created by the DWEB trend indicator. I used this to create an ellipse that followed the curve, cloned it and then created another ellipse from each intersect to provide centers, tangents, and more intersects. The levels shown should hold some good data in the future. I could add some local pivots vertically with the same method but I want to share a cleaner chart this time. Use "MAKE IT MINE " option to clone the circles and make future trends/points of interests. Watch the price at each level and how it reacts to the parabolic and each level provided.
by CaptBlackBeard
From DWEB Trend Intersect Video LTCThis is the chart in the video previously published. The only thing that was added is an inverse Gann fan from the top right corner. You will see this fan captured the previous peak near perfect. I'm perma-bull when it comes to BTC, LTC, and ETH as a long term investments. Please trade your own timeframe goals. Description from video: From previous shared chart showing some DWEB levels (dark red), I simply used those intersections to draw 90 degree lines to the points to connect the Gann trends above and below. Next (holding shit) connect those intersections with 0 degree lines and find more common intersections. You may think this is pointless but if you think about how many points align with the price action and general pivots , it's pretty amazing. This is just a foundation for more predictive models that can be built moving forward. This includes squaring, Gann box , Gann fans, additional intersections, trends, pivots , levels etc.. I'm perma-bull when it comes to BTC , LTC, and ETH as a long term investments. Please trade your own timeframe goals.
by CaptBlackBeard
DWEB Alignment Tool and Gann fans on Litecoin $LTC See original here: You will see how easy it is to create trends that hold against price action and also provide data needed for an added layer of trend/level/pivot prediction (advanced). This is just 1 example of how you can use the node and trend alignment tool. With the indicator on, connect the corresponding (red or green) nodes that have straight lines between them. This example show Gann fans placed by centering the start point right in the middle of the starting node and ending at the following (end point) node. It's really that easy and you will be surprised by how much having this simple chart will help you make better decisions from a confluence standpoint. Read this by following how the price reacts to each trend. Does the price respect the lines? Is the price sticky to the trends or does the price change oppose them? With practice you will start to develop a new sense of direction and how to (at minimum) protect more capital. I'm perma-bull when it comes to BTC, LTC, and ETH as a long term investments. Please trade your own timeframe goals.
Long
by CaptBlackBeard
2
Geometry, 45 Degrees, and Symmetry BTCI used one of my tools to square the price over 144 bar spacing to find the segments and an average to lock the scale to 45 degrees relative to price and time. Not many know that while holding shift and using drawing tools you can lock to 0 45 and 90 degrees while drawing. Likewise you can hold shift while moving drawings to drag the drawings along the same plane. Based on this chart it would be time to look into longs. I have many other that say this is an important level but there are also strong LTF supports below that seem more than possible .
BITSTAMP:BTCUSDLong
by CaptBlackBeard
Geometry, 45 Degrees, and Symmetry BTCBox trends and levels on BTC. After squaring the price/time to find 45 degrees, I use rotated rectangles to capture the price. Next, I clone the boxes and move them in a symmetrical order to bring not only what is possible but a visual of balance to future dates. I've found that marking the corners, midlines, and intersections from these boxes usually hold strong levels of support and resistance. These charts are great as a foundation to build on as you can also mark the same corners, intersections and sometimes midlines with vertical lines to find probable pivots. BTC LONGTERM
BITSTAMP:BTCUSDLong
by CaptBlackBeard
7
Antilag indicator and forecast trends on LTCAfter the price was squared properly I drew ellipses and tangents that coincide with Antilag events as well as price history. This always gives me (at minimum) and idea of what is possible. If you don't understand it, that's ok. Sometimes it takes time for charts to develop. I publish many of my personal charts for 2 reasons: 1: It's a great way to save reference them later on. 2: I hope to show others a different way to chart data for future use.
BITFINEX:LTCUSDLong
by CaptBlackBeard
6
Bonfire built alignment for levels and data See original here. I had to use use the browser zoom to capture more. I would say that most of the lines and trends you see are showing extremely bullish trends. With that said, a large portion of these lines are to find common intersections and tangents with a main goal in mind to find possible major tests should BTC climb past the ATH. Often I square the price and time with Bonfire (indicator) and then begin seeking symmetry and alignments for future coordinates. These may look like trends pointing to targets but in reality they also hold very natural data coordinates for making predictive trends in the future. I would say the very aggressive trends upward look improbable and easy for the price to fail but I've actually captured massive pumps this way before. The reason for this is due to the fact that the price has pointed, curved, rejected or followed these trends many times in the past. This chart is all about alignment towards the next major levels past the ATH along with locking in some data points that I will likely use later on. More than likely I will now move up to a 8 to 12 hour interval and use some of this data to build a more long term chart with trends to follow toward these levels. Focus on the levels and if you would like to use the "make it mine" option for your own chart, use the intersections and tangents for Gann, geometry and Fib drawing tools.
BITSTAMP:BTCUSDLong
by CaptBlackBeard
4