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Clusteralgorithm

4H to 1WFrom time to time I publish such ideas. The situation flowing from one timeframe to another timeframe. So we have a correction, which may first lead the bitcoin to the area of $ 25,200-25,000... This process may well take the rest of the week or more. But! Look at the weekly chart with MACD on. A «bad» cross may well form, if not this week, then as early as next week. Crosses on the weekly MACD usually cause even more declines. Given that Cluster Algorithm showed a bearish divergence that has not yet worked out, I believe we have everything ahead of us.
by averkie_skila
5
Curious anomaly.Wzuppp! This is not a trading forecast, but an attempt to figure out Cluster Algorithm II indicator. As I understand it's a clone of the thing from these guys . And even though it's supposed to be an intraday tool, I used a 1W. Usually, such indicators reach a high or low, after which they change their colour and direction. But here we can see two episodes that break this obvious principle. 1. When the first big correction of 2021 occurred, the curve started falling, but did not change colour and stayed green when falling. As a result another rally occurred, but a divergence was formed on indicator. 2. Now we have a rally with the red curve (!) coming up to the high zone. So. Who can explain what it means? If you know any traders who understand this indicator, tell them the answer to this question. Thank you.
BITSTAMP:BTCUSD
by averkie_skila
17