Felix000
Education

#bitcoin when to buy made easy. Not advice. D.Y.O.R.

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
First thing you need is my custom MACD (6, 13, close, 31). Then just use signal line. Mark all first days up from a bottom with light blue vertical. Then set up RSI use default. Have marked with purple vertical when big drop in price touches lower green horizontal level. Only one allowed (I guess) between two light blue verticals. Once you done I looked for two fractals, the last being a lower low and boxed in orange. I then took the first light blue vertical after that, and the high of that day was the significant resistance to break with a close above it. Simple but deadly. Watch out for whipsaw. Not advice. DYOR.


Comment: Bitcoin ticking up like prelude to another S&P500 drop maybe NOT ADVICE. D.Y.O.R.

Comment: Same yellow box maybe forming as 22 September. Will depend on whether S&P has peaked. If by the end of today 10th Feb market closes down then that will confirm a yellow box. Then go with breakout or whipsaw. Have included other yellow box signals on chart. Not Advice. DYOR
Comment: Well yellow box did not happen so I got to stay bullish for now and stick with the breakout which happened 8th Feb. Would need review if price suddenly broke down below $3,475.3
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