I've marked futures expiry volatility with a white box and yellow surround which are of interest to me for comparison with todays market. Gives me an idea how to trade it. For more on the colour coded meanings you can check my past postings. this could be your last chance to get out. Next up will be the MACD going below zero, and that will probably be straight down from a days close. My other ideas are included in previous post - comments section.
Market closed so well last week, hard to believe the nearby technical supports won't hold, and Friday's support looked so strong. If market rebounds to a certain level or I get reverse signals then I'll review.
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Market closed so well last week, hard to believe the nearby technical supports won't hold, and Friday's support looked so strong. If market rebounds to a certain level or I get reverse signals then I'll review.
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Comment:
Light blue (turquoise) vertical on the chart is when the MACD goes below zero which is due to happen soon. Maybe from today's close. I've taken it out of the above chart, but its in my previous posting.
Comment:
Also in above chart I'm only showing the signal line of the MACD as that is what got me to go short, although I was already minded to do that when Friday's low was broken. Could have done with a round number low yesterday for a rebound and didn't get it. Also could have done with a green hammer or other to keep that signal line form going down - didn't get it. Bad news.
Comment:
So I'm now looking ahead on my chart - where are the breaks? Do we need the signal line to drop below zero for a useful bounce.........?
Note: The important idea to grasp about all my research is to get yourself some machine learning software, instruct it to start learning how to trade the price volatilities of the coloured verticals below my chart (and don't forget the order of the colours). Nobody else is going to tell you that because they're all instead just trying to emulate their heroes i.e. what can already be seen all over the place in the public domain, or, depending on what they can afford by subscription.
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Note: The important idea to grasp about all my research is to get yourself some machine learning software, instruct it to start learning how to trade the price volatilities of the coloured verticals below my chart (and don't forget the order of the colours). Nobody else is going to tell you that because they're all instead just trying to emulate their heroes i.e. what can already be seen all over the place in the public domain, or, depending on what they can afford by subscription.
NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. DO YOUR OWN RESEARCH.
Comment:
Also for the machine the learning note above don't forget some other key points of volatility which I have followed like the day of futures expiry, and high to low volatility of the following pairs: 25 & 26 January; 10 & 11 February; 21 & 22 March; 5 & 6 April; 18 & 19 April; 28 & 29 April; 23 & 24 June; 27 & 28 July. How to search for pairings - using just the Histogram for a red candle histogram must go up, and for a green candle histogram must go down.
Get the machine to search for volatility series like the above and optimise their trading opportunities there are loads more than the ones I'm illustrating. The market is a vast ocean.
Get the machine to search for volatility series like the above and optimise their trading opportunities there are loads more than the ones I'm illustrating. The market is a vast ocean.
Comment:
Here's an interesting observation. Since December 2017 the signal line has never turned back up until it was below zero. Which means if we did get one it could indicate bitcoin breaking its downtrend. Until then "Geronimo...(exclamation)"
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Comment:
I mentioned above that I had observed that the signal line never turned back up until it was below zero, but I now see that it did once on the 5th January.
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Comment:
This may be a better observation. By studying all the yellow verticals in the chart the price never went back above the high. Therefore if the market heads back above $7,756.1 high it could be a good sign for bulls. Just one idea. Loads of others.
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Comment:
Based on volatility of day when MACD last broke above zero, and based on past pattern. I don't expect to see a bounce before price crashes through $6,750 Y/N.
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Comment:
Have updated some of my vertical coloured bars - some light blue ones were missing in the MACD and others like yellow had moved about which can happen when I'm moving the chart backwards and forwards - need to use a lock more often.
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Comment:
Just noticed you need my posting of 29th July "#crypto #bitcoin mega quant move here's how and why Y/N" to understand the above comments.
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Comment:
If the MACD fails then we go to the volatility of the day when the Histogram last broke above zero, and based on past pattern I'd expect a bounce there after crashing through $6,389. Failing that based on past pattern the price could go lower.
Hard to believe with all the positive news that's been coming out on the wire that one of these bounces isn't going to break the downtrend since December 2017. Hoping for the best, and preparing for the worst.
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Hard to believe with all the positive news that's been coming out on the wire that one of these bounces isn't going to break the downtrend since December 2017. Hoping for the best, and preparing for the worst.
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Comment:
My latest chart posting:
#bitcoin bulls need to break these dumb bear patterns Y/N
#bitcoin bulls need to break these dumb bear patterns Y/N
Comment:
Start of a new week and bitcoin bulls will be thinking of a well known cycle around this time of the month. Stoch is oversold, price is below opening months volatility etc.... could they pull it off. Arguably it didn't work in July as it went the other way. Would need to touch $7,533 to make any dent in "dumb bear patterns". Price hasn't crashed through $6,750 yet maybe that's a good sign. I'm sticking with my short for now.
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Comment:
Only the signal line is shown in above chart so you'd need to check previous or most recent posts but here is my latest comment:
Can't beat a machine learner using my signals but here is an interesting observation - see what happens when the market makes two consecutive lows ending in round numbers after the MACD has gone below zero, and price breaks lower. Try it with highs in reverse as well going back to 22nd Dec 2017.
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Can't beat a machine learner using my signals but here is an interesting observation - see what happens when the market makes two consecutive lows ending in round numbers after the MACD has gone below zero, and price breaks lower. Try it with highs in reverse as well going back to 22nd Dec 2017.
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Comment:
Given todays awaited news announcement it's not worth me continuing to be short for now. Will those "dumb bear patterns" be destroyed this week, would be great.
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Comment:
If there is no big news announcement coming out today I would have kept my short. Oh well. Always time to get back in.
Comment:
Flipping annoying back to short.
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Comment:
My latest chart post shows key bull patterns:
#bitcoin bears need to break these dumb bull patterns Y/N
#bitcoin bears need to break these dumb bull patterns Y/N
Comment:
Anybody comparing the first 17 days of August with first 17 days of December 2017 in reverse, or, with the first 14 days of September 2017. Unless price can reach a significant fractal high... watch out the next leg.
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NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. DO YOUR OWN RESEARCH.