Cross-breeding of systems. BTC D for example.
Experimental review.
Hi.
There is a lot of debate going on on bitcoin dominance right now and I thought I wanted to get the most out of this picture.
I came up with the idea to take the weekly Renko chart for parsing and leave almost all my usual indicators except EMA (it is not needed here).
And VFI LF is also unnecessary.
So what do we observe, besides a clearly visible very strong support around 39.8%?
We have a fresh green cube with a pin bar.
1. Funny, the Renko cube went exactly where the clouds change was last time!
2. Next, Renko's cube climbs Kijun-Sen line for the third time. Believe me, not for it to serve as resistance anymore. Only as support. All tests passed. Chikou span (light green lag line) is looking up. Also a good sign.
3. What about the exact same exit upwards? On the edge of the clouds? Hypothesis! But let's note. That perhaps BTC D is flying upwards to a certain "cloud exchange" point. That's around April 1.
4. Devil, but that looks like a bull flag on a stochastic.
5. SQZMOM is heading steadily to the bullish side I'd say a minimum of three weeks, a month max we need before the first green bar.
As this is an experimental approach, there will be neither a "long" nor a "short" mark.
Let's see together if this kind of reasoning works?
Does reliability improve by combining Renko and Ichimoku?
We'll review this chart in second half of the spring 2023.
OK? Are you interested in this?
Thank you for your attention!
Hi.
There is a lot of debate going on on bitcoin dominance right now and I thought I wanted to get the most out of this picture.
I came up with the idea to take the weekly Renko chart for parsing and leave almost all my usual indicators except EMA (it is not needed here).
And VFI LF is also unnecessary.
So what do we observe, besides a clearly visible very strong support around 39.8%?
We have a fresh green cube with a pin bar.
1. Funny, the Renko cube went exactly where the clouds change was last time!
2. Next, Renko's cube climbs Kijun-Sen line for the third time. Believe me, not for it to serve as resistance anymore. Only as support. All tests passed. Chikou span (light green lag line) is looking up. Also a good sign.
3. What about the exact same exit upwards? On the edge of the clouds? Hypothesis! But let's note. That perhaps BTC D is flying upwards to a certain "cloud exchange" point. That's around April 1.
4. Devil, but that looks like a bull flag on a stochastic.
5. SQZMOM is heading steadily to the bullish side I'd say a minimum of three weeks, a month max we need before the first green bar.
As this is an experimental approach, there will be neither a "long" nor a "short" mark.
Let's see together if this kind of reasoning works?
Does reliability improve by combining Renko and Ichimoku?
We'll review this chart in second half of the spring 2023.
OK? Are you interested in this?
Thank you for your attention!