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Bonfireta

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
My noisy chart. Yes, I trade these.I make these for myself and I am sharing this as-is to show how you can use alignment, geometry, price/time to capture price action with trends and pivots from intersections. I know how to read it because I built it but I hope this is proves valid confluence for others. The simple way to look at it is to follow the price , and see if it respects the trends or fails/rejects them. Pivots are marked with vertical lines and most are colored to correspond with what should be continuation/momentum. These colored areas will be great data regardless as you will be able to at minimum be able to use them as divergence (mark the price/time with a crossline) if the price does not react (change direction) that may also be data worth having because these pivots/zones are 100% meaningful. Horizontal lines can be added at all MAJOR intersections for simple price levels. You can add Fib tools and Gann fans to and from corners and intersections to build your own chart. This will also allow you to extend the chart past the current drawing limits as these trends will work for at least a few more months. COINBASE:BTCUSD BINANCE:BTCUSDT INDEX:BTCUSD Short term N Long Look I am always long on BTC big picture.
COINBASE:BTCUSDLong
by CaptBlackBeard
4
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
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
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
Something to think about. BTCThis is not a new idea or concept but it is something that should be visualized and prepared for. I'm not saying this is going to happen but I see this pattern unfolding on a few charts. All I can do is watch it live, manage risks, and look for confluence/confirmation patiently. I did reduce risk near the local and patiently await for some of my signals to come in. I always take the opportunity to increase BTC, even if its just converting profit in small orders when BTC respects my trends. I do expect a hefty correction at some point and this drop was marked on many of my charts as a pivot. However, I think it would be wrong to say the PA in this chart can't happen. It makes a lot of sense given that there seems to be a ton of bearish context after the latest drop. Consider this a visual to keep in mind of how things evolve. Study liquidity, volume, and the seek peripheral data outside the default indicators and/or your routine system. Neutral for today - Long overall BITSTAMP:BTCUSD
BITSTAMP:BTCUSDLong
by CaptBlackBeard
1
LTC Time to breakPretty simple visual. LTC has been in accumulation mode in the BTC pairing for a long time. It's current PA looks like many other coins (like ETH) but lagging. Time is an important factor and one of the easiest visuals to apply. Start , End or Start, Middle, End. The channel is also just extending the most common mean (trend) and doubling it in height below. That happened to give us the midline that is right on the mark as well as a lower trend line that as very much valid. You ask for easy and here it is. I am one of the few that is very bullish on LTC. I like that people are writing it off and it has yet to come close to ATH. My research shows major accumulation. I can't tell you when it will flip exactly but I can say that I do not laugh at folks that say it can reach 1k loooong term. I also think it may fly past it's ATH fairly quick. Fundamentally it's at a major discount to BTC, even taking discounting its supply vs demand buy 8ths. Do your own research everyone has their own timeline and profit goals. Patience is always key. Please refrain from telling me LTC is useless. I will buy it cheap every major dip and wait years if I have too.
BITSTAMP:LTCUSDLong
by CaptBlackBeard
1
Symmetry based trends with sine. Using a hybrid drawing/indicator method to find center, mean, and tangents. From there, I found some interesting alignments and sine that capture the price repeatedly. Follow the price and use this as a tool to confirm your own interpretation. See how the price respects/crosses over/ breaks down as in interacts with the trends, vertical pivot lines, sine lines and levels. I'm big on balance and natural movement so these charts are great foundations for finding possible future price coordinates. Looks like a chance to climb to another ATH still remains but real volume and orders will be the deciding factor before the next major pivot is due.
BITSTAMP:BTCUSD
by CaptBlackBeard
1