Very bullish HVQ ChannelI drew weekly horizontal levels on the HVQ (Top indicator) creating a channel that when crossed seems to mark the full bull run. We have rejected from this channel a couple of times resulting in a long term top but we could be entering the channel soon.
HVQ measures Volatility with some other magic I don't understand... the levels seem important and the broadening wedge pattern I drew at the very end to the right could be showing that we have broken out of the broadening wedge and headed into the bullish HVQ channel. I'm watching this closely and will be trying to hodl a long term position on leverage if we get into the channel and trend for a bit.
curious to see how this pans out
Today BTC has broken above the heffae cloud on the 1 Day timeframe which could mean its time for more up.
Hvq
It's not over, just pullback. Bids @ 7150 and up #BTCUSDDaily + weekly volatility is in the bullrun phase for both BTC and "TOTAL" Marketcap.
If BTC flags out in this 6.0 HVQ Volatility Index area, retesting the trend support, bingo = consolidation before megamoon
But, that consolidation could go on for awhile.
I have an overall LONG narrative, but am not buying at these levels. Looking to YOLO/FOMO a breakout, or get in around daily cloud support.
Looking for retest of the Daily cloud top, volatility consolidation, and QRsi trend test and/or build new qrsi flag. 7150-7400 is where I guess support will be depending on the velocity if / when we dip.
HVQ + QRSI + Clouds - Setting up a narrative; market structureThis video goes through my charting process using the trio of indicator's I've developed to work in concert with each other.
This is the process I use to explore historical price action and develop a narrative to use during my near-future trading activity for that asset.
Just as important as entries and exits, understanding market structure and being aware of potential changes to this structure, before price plays out it's new role, is extremely important.
These visualization tools make it possible to find structural influences within an asset that do not necessarily exist, in a classical sense, on a typical price candlestick chart.
Not explored in this video is how to further use these tools to build risk distribution profiles for any trade, long or short, as well as the use of compound tickers to determine individual asset allocations.
Most technical indicators focus too much on entries and exits while not providing nearly enough insight for aligning those buy or sell conditions with the current market structure and meta-analysis. Take a step into my workflow for setting up a trading environment that focuses more on working with the structure of an asset rather than against it. In this video I build rules for potential entries, stop-losses, and set up a narrative for an asset on some historical data (cheating, I know, but this is "educational" content ;)
QuantRsi, Heffae Clouds, and the HVQ Volatility Index are available via PM, there is also a link with access information in my sig.
For your education and entertainment!