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Rainbow

BTC : HOPIUM MODE (EXTREME VERSION)***This analysis is only for study purpose, no financial advice.*** 1. I accidentally learnt to use the pitch fork tool, then i wondering how it works on BTC Previously I thought the rainbow chart isn't in log view for its rainbow scale. But pitch folk works the same! Now i realized nothing's wrong with rainbow chart . 2. I saw some analysis said BTC already broke below the "median line" that's not true Below 29000 is under the median line where Truly bear market happens . 3. This analysis based on halving process which effect to the BTC demand/ supply hence it effect to the price . 4. The previous analysis of no "Hopium mode" is based on monthly RSI indicators + candles . . This is all i wanna note it/ share with u Feel free to feedback / comment . Happy + Safe Trading. Mil
BNC:BLX
by baby_rhino
16
Using Daily moving-averages on $SPX (and children)Hello all, Not a financial advisor, i just trade full-time. I can share some stuff that I look at. TL;DR Look at crosses, touches and space -------------------------------------------------------------------------------------------------------------------- Please also pull up my other idea on $SPX timeframe'd weekly, linked (scroll down to bottom for links | also, to open the link in a NEW TAB, hold the control ( CTRL ) key down and then click the link). - The traffic light time-axis markers are borrowed from the weekly time-frame. If you need to manage your position with $SPX or your children, then this is for you. References: MA = moving average. DMA = daily moving average The calculations in this study are from TradingView, I am unsure how they are calculated. Who cares! We just like to draw on charts, right? Orientation: We are on a $SPX weekly BASELINE chart (values are from the week of 03/16/2020 for baseline) We have the S&P 500 (or 505, if you know) drawn up 4 times ----Each one of these lines represent the percent of stocks ABOVE their relative moving average -----There are 4 daily moving averages: 20, 50, 100, 200. -------For example, the BLUE line represents the percentage of stocks inside of the $SPX that are trading above their 20 DMA (daily moving average). snowy, elkenpolar-branded traffic light time-axis markers from $SPX weekly Two highlighted boxes mapping the $SPX weekly corrections to 25 EMA. EDIT: I didn't use it, but the RSI is based on the 20 DMA. I just noticed a couple neat things there, look for yourself. Our baseline is the bottom of the market in March, 2020. This is a great time to start looking because this was a huge shift in...well, just about everything. The boxes highlight some periods of volatility in the $SPX. The first box (yellow) is the first (double) correction to the $SPX 25 weekly MA. The red box highlights a very volatile correction to the 25 weekly MA. Yellow Box This is EXCITING! We can see some indecision and faltering to the 25 weekly here. Notice how the 20/50 percent line form a cross in the first red rectangle. They also bounce off the 100 DMA line. The second box is a SNAPPY correction and notice how this one falls off a cliff to the 200 DMA line. Red Box Here we highlight the correction in purple. You can see a cross in the couple of week before hand. A leading indicator to what was possible in the next couple of week. We then got a RSI divergence on the weekly $SPX price chart and a correction. Notice the difference between the two 'major' highlighted boxes though - i.e. we did NOT touch the 100 or 200 DMA percentage lines. What could this mean? To Note Notice when our 'short' or 'small' moving average (% of above 20 DMA) crosses over our 'long' or 'tall' MA (50 DMA) it may lead one to turn off the playstation and open up a chart, with crayons. Also note other convergences, divergences and, you know, funny shapes. Observations Later on we can see some similar stuff lining up this month. We had a bearish cross (blue crossing below red), a bullish cross (blue crossing ABOVE red) and now we are kinda in this place of "Ruh Roh". Do I have a crystal ball? No, but my system tells me to sell/heavy hedge right now, so that is what I am doing. This doesn't just apply to my positions in this asset class either. Look at crosses, touches and space What does it mean, Mason? Well, that is going to have to be decided for you. I can tell you what I did, I bought naked long puts. For Monday. What will I do this week? Probably more crayons. We are in turbulence and the best way to ride a turbulent airplane is with nothing in your tray and it *securely* stowed into the seat in front of you. Unless you got one of those fancy flying-beds. If you make this chart and use it, be sure to correlate this chart with a price action chart from $SPX. Please leave me any questions or if you would like something explained further below. And what do you think? Link me your charts. Thanks Black Elk Speaks, Crazy Horse: "imagine using smoke signals in 1998" *chuckles*
INDEX:S5TWShort
by elkenpolar
1
Riding that btc rainbowIt is a tricky place here for a pivot point trader with camarilla as far as the next large move goes. The general correction I could see having another low test at perhaps upper 40s or low 50s again. I could also see us breaking lower to 44k or even higher out of these range again. One thing Iwould like to point out along with this lovely chart. Is that the developing daily, weekly, monthly pivots are all forming around this price level together. Generally when this happens they wil all became at least a difficult or important resistance or/and support for the future. What are your thoughts on btc next move? please share /short term notice though. We have untested daily pivot and weekly developing pivot around 54k. and the 12hour local downtrend is still putting up walls around price action. I would expect those levels about 1k lowerr to at least get hit
COINBASE:BTCUSD
by Gunslinger2005
6
Bitcoin - trade without emotionOptimism Pessimism hints at an Accumulation Period . Force - Bullish Divergence with the price action, it can be invalidated at the day close if the price doesn't recover a bit. Technometer - Bullish Divergence with the price action and going oversold at 40.25 (38 or lower is considered to be clearly oversold). Momentum - Interest is slowly building up. The 🌈 Rainbow Momentum shows an upward tendency. Future targets: 7500, 8500, 9500 areas. Always make use of Risk Management . Past performance is not indicative of future results, but...
Long
by KryptoNight
5
Bitcoin Stock To Flow : Rainbow IndicatorHello everyone, I hope you are fine you and your family during this hard period. I just finished to program ( and adjusted ) the Stock To Flow Indicator, rainbow version, created by PlanB / 100trillionUSD. You can find it by searching " Bitcoin Stock To Flow Rainbow " in the indicators list. What the hell is Stock to flow ? I will use the words of the authors : " SF = stock / flow Stock is the size of the existing stockpiles or reserves. Flow is the yearly production . Instead of SF, people also use supply growth rate (flow/stock). Note that SF = 1 / supply growth rate. " With Bitcoin, we can know both of them : Stock = How many Bitcoins are currently in circulation Flow = How many Bitcoins are created each year Halving history and those to come : 28/11/2012 : 25 Bitcoins each block - 150 / hour - 3600 / day - 1314000 / year 09/07/2016 : 12.5 Bitcoins each block - 75 / hour - 1800 / day - 657000 / year 11/05/2020 : 6.25 Bitcoins each block - 32.5 / hour - 900 / day - 328500 / year ( ** estimation ) 10/03/2024 : 3.125 Bitcoins each block - 16.25 / hour - 450 / day - 164250 / year ( ** estimation ) 09/01/2028 : 1.5625 Bitcoins each block - 8.125 / hour - 225 / day - 82125 / year ( ** estimation ) Okok... but, how it works ? The mathematical formula used is: exp (-1.84) * (stock-to-flow^3.36) ( the rainbow line ) And the formula that I used for the top price line is : 1.2 * (stock-to-flow^3) ( the red line ) Then ? Firstly, the rainbow line IS the prediction model. Let's come to the color: each color indicates the time before the next halving. This allows, at a glance, to know where we are on a time scale What we can see : First of all, the price follows, I would even say is attracted, by the rainbow line. Then, when the price is found above the model, and even more when it approaches the red line, we can see that it's followed by a fall below the price model. Finally, it is therefore interesting to see that, for the moment: It's not good to buy when the price is above the rainbow line The ATH is reached, 2 times out of 3, between 900 & 1000 days before the next halving The Bottom is reached, between 400 & 600 days before the next halving After each halving, the price keep growing to the rainbow line, small by small. In conclusion, I think it can be said that the production of Bitcoin and the price of Bitcoin are intrinsically linked, in the long term.
BNC:BLX
by GoldenNaim
8