Lines
PRU and their LinesWARNING:
This is Probably crazy enough to Work
A ) When the yellow line is descending or ascending, and the strong trend line (White Line) is rising, and the bottom dollar trend line(Green Line) is rising, if the green line passes the middle White line first, it followed the red arrow.
B ) When the yellow white and red lines are ascending, and the middle white line crosses with the yellow line... It followed the green arrow.
I went back to similar movements, and mapped out similar lines, with similar time lines.
I know it's weird, but
I like to draw lines on charts.
Sometimes I don't even know what the company does.. But their lines talk to me
Candidate Bottom?As you can see in the above chart the situation is still uncertain, after a bottom done on the second support line of my Kama indicator (using as volatility factor 20 instead of 10) this market has had a violent reaction from the support. The situation for me remains flat waiting for btcusd to return above 11 thousand dollars confirming an upward reversal.
If a long term low is in, i've to admit that it looks a bit high to me compared to where the support lines of my bitcoin price model version 1.1 are located.
XTZUSD, long to 1.3067, after lowset to 1.0913.Volume analysis showing big distribution between 1.09 - 1.14. And if we take into account the forecasts for other cryptocurrencies, we can confidently talk about reaching 1.3067 in the near future. I am not a fan of fundamental analysis, so I don’t write large empty texts)
Levels thanks to X-Lines indicator.
EOSUSD, long after accumulation between 6.88 - 7.2I use volumetric method of market analisis in this chart. In this work i have nice helper - x-volume indicator. Its show strong accumulation for purchesing between 6.88 - 7.2. I draw levels with x-lines indicator and we have two close levels on 1H chart its 6.88 and 6.95. I explain.. when we have two close levels on one timeframe (in this situation its 1 hour timeframe), the lowest one in 90% is a strong resistence. Also as you can see we have big square without levels its from 6.95 to 7.39. And of course logicaly this kind of accumulation market doing for fast transite to 7.39.
More about x-volume indicator you can read in description.
I answer any questions about x-line indicators and its use. Follow me and dont forget ot put your likes ;)
AMD, short to 28.94 after market opening.AMD show big volumes on sell and small one on purchasing also there is a lot of closing at bulls candles (it show x-volume indicator).I mark a strong resistance as red color level its 28.32 and 28.04. Transit level is 30.84 (its means there is no big player on it and level can be free going by price).
Levels thanks to X-Lines indicator. Volumetric analys with X-volume. I wait your quastions and likes. Follow me;)
THE Power of combining Gann Square math & Andrews Median LineTHE Power of combining Gann Square math & Andrews Median Line studies gives one a clearer picture of what is happening in any market.
NB: Rule #1 : Price will tend to return to the Median line 80% of the time.
This alone by charting for about 2 mins give us a 80% trade probability. No need to spend hours pouring over data.
It works on anything on any timescale.