Bitcoin going higher Y/N. Divergence between open and close of LHHL fractal set and Ultimate Oscillator below. Seen it work on the day chart and may work here.
NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. DO YOUR OWN RESEARCH.
NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. DO YOUR OWN RESEARCH.
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Just noticed. Drew the black line wrong in the pink box.
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Stop at $6,250.
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Price just touched lower Bollinger on 2 hour chart and close to a Fib retrace. This will close out my idea if touches $6,250 next.
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When price does this with Bollinger on my 2 hour chart it's often a signal of direction price will go in next, but not always. Will see if touches my $6,250 which I placed just below that Fib retrace.
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Another reason to sell. appears divergence between open and close of last three fractals and stoch.
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That is market had closed slightly up but Stoch down
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Market has gone down alright but will it stop above my $6,250 and be propped up by Fib retrace?
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Won't be around to see conclusion to this but I given my take above, this long position closes at $6,250.
NOT ADVICE. ALL STANDAD DISCLAIMERS APPLY. DO YOUR OWN RESEARCH.
NOT ADVICE. ALL STANDAD DISCLAIMERS APPLY. DO YOUR OWN RESEARCH.
Comment:
Posting a copy of my mot recent post which will be showing up in less than 15 min.
#bitcoin sell idea here's why Y/N
Done a short study of these Williams Fractal sets LHHL on the day chart and when price drops below the low of the last fractal low in that set it has often turned bearish . So I'm going short for now thinking same could apply to the 2 hour chart. Williams fractals not shown on chart. Pink box represents to consecutive Williams fractal highs and either side Williams fractal lows - the outer yellow box.
I've also put some Bollinger Lines in there but left out the top one.
NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. DO YOUR OWN RESEARCH
I've put some Bollinger Lines in there but left out the top one.
#bitcoin sell idea here's why Y/N
Done a short study of these Williams Fractal sets LHHL on the day chart and when price drops below the low of the last fractal low in that set it has often turned bearish . So I'm going short for now thinking same could apply to the 2 hour chart. Williams fractals not shown on chart. Pink box represents to consecutive Williams fractal highs and either side Williams fractal lows - the outer yellow box.
I've also put some Bollinger Lines in there but left out the top one.
NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. DO YOUR OWN RESEARCH
I've put some Bollinger Lines in there but left out the top one.