My previous post stated a Long strategy on this same indicator. One must keep in mind this is a position for a long (1D candles) time-frame. The position here is on the hourly (1H candles) timeframe. With an optimized Strange Drift (SD) indicator configuration for the 1h (Sortino ratio > 3; Sharpe Ratio > 0.5), the position for this shorter timeframe will be...
Hi everyone I've been quite busy. Long story short I've let some of my experimental indicators run and this one in magenta, called "Strange Drift" (SD), has had quite good stats; for the 1D timeframe, current Sortino ratio is ~ 2.6 with a profit factor of 6.00 . The number of trades is quite low because I designed the indicator to pick up anomalies. Some of these...
Even if we were to start to see an uptrend, I believe it will be very short lived and continue to go downwards . This idea supported by Martingale theory
As my title states. It has crossed the support cloud on the 6H time frame. The next resistance cloud is around $50k. I highly question we are about to enter a bull rally
ETHBTC keeps going downward with no indication to change yet; the most recent ALMA acceleration peaks (purple) keep hitting the same high levels. And the ALMA velocity is currently peaked and trending down.
See the blue cloud? If Bitcoin crosses down that cloud it i.e. goes to << $51k, it is a more certain shorting opportunity for me
Seems like a favorable buy to me; I like risk. MACD histograms starting to trend upwards while RSI indicators are still not in an 'overbought' regime. Simple qualitative analysis. Not complicating it with fib retracements and kooky readings of tea leaves
Hurst Cycle Pivots indicated that indeed, a strong "bullish" pivot started on the 15th of February for the short-term 65 min time window. No strong "bearish" pivots (red down-arrows) on the 65 min Hurst Cycles, which makes me hesitant to sell. RSI on the longer term (3h) showing Bitcoin approaching overbought regime [I reiterate, for that 3h time period. A $54k...