Top Cap Derived Estimate for Next Bull Run Climax Intro A great indicator to use for catching the upper bounds in a bull run is top cap. Historically it has perfectly coincided with previous blow off tops. Another good one to use is the Puell Multiple . Let me also qualify this long positon as a HODL / long term position - not a speculative move. ...
I am currently looking for indication the next move will take us to the 61.8, possibly 78.6 fib The 61.8 fib lines up with current level and size of earlier candle 3240 - 3470 Looking at volume profile I have orders to add long if we retouch the 3240 support or wick to 0 fib at 3200 I already have a short open from 36 so will keep a close stop on long,...
Another entry for you all in the public library Crypto-Sticks series. More STILL to come! What I particularly love is these indicators give you an added 3rd dimension to viewing them otherwise. You can see how much fluctuation occurred, get better divergence signals, find higher/lower extremes, and use in combination for secondary confirmation! Here's an example...