I've boxed volatility of last eleven days of each month in white. Question - will market break upwards out of box before end of June? To find out I've marked each day inside the white box with a yellow arrow - that being the day after MACD histogram divergence with price and have faced the arrow in the direction that price closed outside the previous days open and close bar. The first yellow arrow appears the most significant. What else is there in my chart that could indicate the downside may not be over. Well there is my ultimate oscillator - I'm still waiting for it to drop below 32.7366 like with previous patterns (boxes correspond with coloured fractal boxes above - white ones mark divergence). Then also there is my volume oscillator - still no red box (I have created a red box when there is no divergence within the box with the price chart above - I've only used the volume oscillator for study periods after my coloured fractal boxes have been created above). It got very close to being a red box between 3rd and 7th June - close enough perhaps for me to make an error.
Hope the above explanations and findings easy to follow.
NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. DO YOUR OWN RESEARCH
Hope the above explanations and findings easy to follow.
NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. DO YOUR OWN RESEARCH
Comment:
Coloured double cased boxes in the chart are created by me using Williams Fractal. I've left the fractal arrows out of the chart.
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This could be the way to play the end of the month. First fractal high or low in the last 11 days often does not get breached before end of month, if it does it appears often to follow through into the next month. We now have a fractal low, therefore if that gets breached market could go lower into July. Thank you "Tetherrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr".
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Sorry error above got to wait until 20th June bit early with this info !!!!!! We are only 16th. Still useful info Y/N.
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Friday 15th was a yellow arrow day on my chart - a divergence between red and green candlestick and a rise or fall in the histogram yellow bars i.e. in this case red candlestick and rise in histogram. Problem is that price has not yet closed outside Friday's open and close so can't add a yellow arrow yet (a stop/review point in my chart depending on which way the break). Price could head up above Thursday 14th close, as has hard to test Wednesday 13th low till Tuesday 19th because there was a distance of seven days between the fractal made on Wednesday 13th and the one before - this is part of a new study that I've been working on. From Wednesday 20th next week I'm going to be watching out for that first Williams Fractal that appears to have recently been playing a crucial role in the last eleven days of each month, and already mentioned in ealier comments in the thread above.
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Amendment to the above where I mention could head up above Thursday 14th close to read could test Thursday 14th close. I'm still a bear for now!
NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. TO YOUR OWN RESEARCH.
NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. TO YOUR OWN RESEARCH.
Comment:
Just realised by leaving Williams Fractals out of the chart it's hard to see what I mean about the importance of the first fractal in the last eleven days of the month.
I'll also be thinking this week how reliable some past patterns or volatility will be given the growing crackdown in market manipulation?
I'll also be thinking this week how reliable some past patterns or volatility will be given the growing crackdown in market manipulation?
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Copy of my latest post coming up in next few minutes of a new study.
Can #bitcoin hold up the next 48 hours?
4 Hour Chart.
Morphology match was looking good. At the moment price looks OK with the "Ultimate Oscillator" turning up, but could it all change in next couple of bars?
NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. DO YOUR OWN RESEARCH.
Can #bitcoin hold up the next 48 hours?
4 Hour Chart.
Morphology match was looking good. At the moment price looks OK with the "Ultimate Oscillator" turning up, but could it all change in next couple of bars?
NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. DO YOUR OWN RESEARCH.
Comment:
COPY OF MY MOST RECENT POST
#bitcoin building strength heading up here's an idea Y/N ?
Update. Bitcoin building strength. Stoch is oversold. Voume Oscillator I've made a correction to previous post - period June 6 to June 7 is now a red square i.e. volume opened and closed same direction as price. Ultimate Oscillator is heading up and I think as Stoch oversold and Volume Oscillator down there's a good chance Ultimate Oscillator will not be heading down below 32.7366. So I'm cautiously switching to long for now unless market makes new lows.
NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. DO YOUR OWN RESEARCH.
#bitcoin building strength heading up here's an idea Y/N ?
Update. Bitcoin building strength. Stoch is oversold. Voume Oscillator I've made a correction to previous post - period June 6 to June 7 is now a red square i.e. volume opened and closed same direction as price. Ultimate Oscillator is heading up and I think as Stoch oversold and Volume Oscillator down there's a good chance Ultimate Oscillator will not be heading down below 32.7366. So I'm cautiously switching to long for now unless market makes new lows.
NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. DO YOUR OWN RESEARCH.
Comment:
CAUTION - WORTH CHECKING OUT THE STATS. TODAY IT LOOKS LIKE A DEVELOPING FRACTAL HIGH TWO DAYS BEFORE THE START OF THE LAST ELEVEN DAYS OF THE MONTH. A QUICK LOOK BACK AT RECENT STATS AND ALL THE GAINS MADE TODAY 18TH COULD BE LOST OVER THE NEXT DAY OR SO. IT DOESN'T MATTER WHETHER IT HAD BEEN A DEVELOPING FRACTAL HIGH OR LOW GAINS COULD BE LOST. HOPE NOT THE CASE, BUT WATCH OUT.
ALSO IF BITCOIN IS GOING TO GO HIGHER THEN THE LOW MADE ON THE 13TH HAS NOW GOT TO HOLD OUT TILL THE END OF THE MONTH.
NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. DO YOUR OWN RESEARCH.
ALSO IF BITCOIN IS GOING TO GO HIGHER THEN THE LOW MADE ON THE 13TH HAS NOW GOT TO HOLD OUT TILL THE END OF THE MONTH.
NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. DO YOUR OWN RESEARCH.