I'm not a financial advisor, Don't buy or sell bass on what I'm saying... I do own some Bitcoin and I think it has a great future, this future may or may not be that great so PLEASE DO YOUR OWN HOMEWORK. THIS POST IS JUST FOR INFO ONLY...
I have recently posted a new and my 2nd attempt at a real indicator two weekends ago...
It's called "The Complex"Red Line" vs Simple"White Line" Moving Average "Beta" the same basic idea as my 1st indicator but it looks at more moving averages... My 1st real indicator is called "Hello VWAP"... It takes a couple of "SMA" with the "VWAP" and combines them in one white line on the chart...
On the daily chart, The price of Bitcoin has gone into a wider BB after yesterday's power move... You really can see it over on the daily chart, but back to the BB... It's based on the ohlc4 prices... The price of Bitcoin is holding my indicator and even have bounced off it 1-2 times today, so I am looking for a higher price to come sooner from later... The MACD is using the Simple line in red on the chart, it's the same coding that I use for the "Hello VWAP indicator" and it's looking like it's going to come down for a little while... But don't forget it's just the hour chart!
Now on to the Day chart, The price of Bitcoin has just made a power move back two days ago and has not come back down under my indicator... I'm thinking this is a new lag to the upside, look back to the last time that Bitcoin did make a move up and over the two lines that make up my indicator... Yes, it did dick around for a bit, but over time it did make a great move to the upside... But this time I think it's looking better because we are coming out of the COVID lockdown in at least in some parts of the world and there has been a lot of money being used to help the economy out... Also, see what I am seeing on the SPY chart "it's in this (idea page, just under about Bitcoin)" Back to the chart and to the MACD it's using the "Complex line "white" on the chart to do its math" and the colour just change in the last two days which is helping me to confirm the move to the upside...
But using the MACD and the Simple line in red on the chart things can be looking a bit better, but if you want to play it a little safer this may be the way to go for you... But again PLEASE DO YOUR OWN HOMEWORK
Now on to the SPY index, I'm just doing the day chart for now!
It's looking to be the move to the upside may be coming to a close soon, because the price of the SPY is coming back down to my indicator... and it has tested it two times over the last 4 weeks or so and using the MACD that is doing its math on the complex line "white line on the upper part of the chart... It's starting to come very close to crossing over and making a death cross soon...
Note if you want to chat about my indicator or just about anything that is related to trading overall, just send me a DM ... Thanks for reading this post and happy trading!
I have recently posted a new and my 2nd attempt at a real indicator two weekends ago...
It's called "The Complex"Red Line" vs Simple"White Line" Moving Average "Beta" the same basic idea as my 1st indicator but it looks at more moving averages... My 1st real indicator is called "Hello VWAP"... It takes a couple of "SMA" with the "VWAP" and combines them in one white line on the chart...
On the daily chart, The price of Bitcoin has gone into a wider BB after yesterday's power move... You really can see it over on the daily chart, but back to the BB... It's based on the ohlc4 prices... The price of Bitcoin is holding my indicator and even have bounced off it 1-2 times today, so I am looking for a higher price to come sooner from later... The MACD is using the Simple line in red on the chart, it's the same coding that I use for the "Hello VWAP indicator" and it's looking like it's going to come down for a little while... But don't forget it's just the hour chart!
Now on to the Day chart, The price of Bitcoin has just made a power move back two days ago and has not come back down under my indicator... I'm thinking this is a new lag to the upside, look back to the last time that Bitcoin did make a move up and over the two lines that make up my indicator... Yes, it did dick around for a bit, but over time it did make a great move to the upside... But this time I think it's looking better because we are coming out of the COVID lockdown in at least in some parts of the world and there has been a lot of money being used to help the economy out... Also, see what I am seeing on the SPY chart "it's in this (idea page, just under about Bitcoin)" Back to the chart and to the MACD it's using the "Complex line "white" on the chart to do its math" and the colour just change in the last two days which is helping me to confirm the move to the upside...
But using the MACD and the Simple line in red on the chart things can be looking a bit better, but if you want to play it a little safer this may be the way to go for you... But again PLEASE DO YOUR OWN HOMEWORK
Now on to the SPY index, I'm just doing the day chart for now!
It's looking to be the move to the upside may be coming to a close soon, because the price of the SPY is coming back down to my indicator... and it has tested it two times over the last 4 weeks or so and using the MACD that is doing its math on the complex line "white line on the upper part of the chart... It's starting to come very close to crossing over and making a death cross soon...
Note if you want to chat about my indicator or just about anything that is related to trading overall, just send me a DM ... Thanks for reading this post and happy trading!
