Continuing from last time. The RSI uses a volume ma and is what I like to call the Consolidation Index, CI for short. There was a check at the 7850 area support, purple line, with the subsequent slash right through it on increasing volume but it didn’t tap the trend line. The slight bump immediately after the slash was expected due to the steep decline and full...
Dread Pirate Roberts aka Ross Ulbricht And His Legal Proceedings October 1, 2013 - Ulbricht arrested. Bitcoin crashed immediately but only to instantly enter it's 2013/2014 bubble November 18 - Ulbrichts Silk Road account, Dread Pirate Roberts, logs in despite Ulbricht being in prison. Major correction occurs in the bubble. November 22, 2013 - Silk Road goes...
1) RSI of 14 period volume MA creating uptrend setup 2) Parallel Trend/Channel lines and support shows strength in that area and can be used as a stop loss 3) Consensus Conference, EOS main net launch and Tron main net launch All factors for an uptrend to start and progress
1) Using an RSI with a 14 day volume moving average creates what I call a consolidation index, C.I. . For proper and full consolidation there should be a lack of a volume trend to fully unwind an overbought price condition and to show that the buyers are not waiting for a lower price, i.e. there some kind of momentum for buyers showing up. The quality of a...