(NOTE: When I did the FIB's I did not use the 2014 Low - didn't think it would make much difference and was such a one off event)
Update (advanced study) - see previous posts or thread for more info. Note if some indicators look different to yours it could be that I've converted them to log scale, and customised.
Here's how I picked the vertical bars above. Picked all the fractal highs with pivot points which also corresponded with same colour Aroon at 100 (see enclosed chart). I then took the volatility of those days and extended it by three days to form a pink box.
In the above chart note that green boxed areas correspond with MACD indicator where fat green line rises and then blue histogram bars start appearing - all like the pattern now.
See previous posts for charts/arguments of what could be bearish instead.
Here's how I picked the vertical bars above.
Here's previous study (zoomed out) using standard MACD.
One on my key signals which I've been following all year was confirmed at yesterdays close.
Biggest imminent danger is from another fall in stockmarket (could be short and quick).
I've included S & P 500 chart.
You can wait for the break out of the box but my guess is that if the stockmarket goes down it will take all crypto with it.
To find out how to construct my signals boxed in yellow check out my other postings. There's more than one way to trade them.
New study using my custom signals. See previous posts for construction. What first struck me with my latest signal was that both days had opposing fractals. Only happened one other time this year. You can check the match for yourselves. This time the patterns appear to be forming in reverse - a signal to get ready to take a long position maybe. More then one way to trade these signals (in combination with others maybe), but you got to work it out for yourselves.
Bitcoin price has recently been defying gravity and that is probably why volume so low. The retail side has been snuffed out. This suggests to me that its industry insiders what's propping it up. Reason: with many new industry competitors and fixes due to come on stream over the next 12 months could it be that bitcoin has now become too valuable a "bell wether" to let fall below key support levels? Will see. Next week is bitcoin anniversary. If Global markets even temporarily rebound, what a party it could be.
#bitcoin new bull argument/pattern developing maybe
A new study of consecutive fractal lows using STOCH RSI to log scale. Noticed that when K in blue hits zero on its own without D and before a consecutive fractal low is confirmed the result has been bullish .
#bitcoin (chart update) price and volume move could be key to confirming bear trap maybe
New updated study. Volume oscillator set to log scale did not confirm bull set up - following breakout of yellow boxed area (see previous posts for construction) This price and volume move could be key to confirming a bear trap maybe. See comparison with confirmation beginning of February see charts below
Mega error Bear trap should read bull trap. Hope somebody noticed and is evident from evidence illustrated for comparison. Price to head in direction of volume as illustrated by oscillator.
#bitcoin this price and volume confirm a BULL TRAP maybe
Chart below shows a couple of examples without traps
#bitcoin BULL TRAP study using consecutive fractal lows
Only done this study of consecutive fractal lows for 2018. I may do another study going back further.
Here's what you do. From the last consecutive fractal low do a yellow arrow to the next conseutive fractal low. Then shade volatility in yelow. Then shade in blue or grey where the price went subsequently. and you get a chart looking like the one I've published. More than one way to trade the information no matter which way the market goes. Custom lower Bollinger Band could be helpful in catching peak of bull trap maybe (set to BB Length 20, Source low, Std Dev 0.001)
There appears to be a "bug" at work in Trading View which hopefully will sort itself out soonest.
#bitcoin "to the moon" or "back to hell" what maybe cooking
Volume oscillator & MACD Log format. Marked volume troughs & green MACD & red candle with purple vertical & green in orange. Joined consecutive fractal lows with yellow line. Picked first orange vertical & boxed 3 days volatility in white then wait for break out. Will next vertical be orange?
#bitcoin bull intact? "To the Moon" update.
Green MACD Histogram got off to a start with a peak in VOLUME OSCILLATOR ( Volume Oscillator not to LOG but Histogram Format with pink horizontal line added in to highlight zero) previous study needs to be set aside. Have included all such set-ups back to 2013. Have also included some RAYS of closing prices which I'm interested in keeping watch on from another study I've done but not published, as I think it's too subjective.
Had to decided whether trend line should be drawn from the joining up of the last two fractal lows in which case trend line has been broken or wait for a fractal high followed by a fractal low to form the trend line . I have chosen the latter. After forming fractal low price could travel sideways a bit so may have to adjust the trend line with any sideways movement etc.
#bitcoin crash year on year performance study 2014 drop 65%
Notes of study on chart
#bitcoin bear case argument but how valid
Using custom MACD (6,12, Close,31) marked first day up in Histogram light blue vertical when <0 and yellow first day down when >0. Work your strategy/opportunity from 1st fractal on or after vertical. I've just used the light blue verticals for my argument here.
#bitcoin rise in ROC not volume key to next BULL RUN maybe
New study with huge implications maybe. Could make or break any future BULL RUN. Default indicator settings multiplied by four for Weekly Chart and by thirty for the Daily.
#bitcoin vs Yuan predicted end 2013-14 bear market maybe.
Can't predict todays outcome but Yuan had same bad month at start of this bear as back in 2013-14. They were first actors in both starts & may be first actors out again at end maybe. Blue verticals correspond to months when both markets red candles. More notes on chart.