Just thought to publish main signals (ideas) I've been tracking since February 9th, 2018.
My usual way of studying MACD looking for a crossover down followed by a first trough in the bars which remains the lowest trough before the next crossover back up as a signal to track, looks still good. Have shown 9 since February 9th. Also I use Bollinger Bands (20,Close, 3). Key points are when price touches Bollinger Bands, and thereafter when price touches average (all marked with blue arrows). Outer arrows mark my support and resistance levels. I also use my Bollinger Bands to draw trend lines. More recently I've been combining Stoch RSI patterns too. This is on the 2 hour chart. The four hour chart also looks good. From these signals I work out my strategies.
My usual way of studying MACD looking for a crossover down followed by a first trough in the bars which remains the lowest trough before the next crossover back up as a signal to track, looks still good. Have shown 9 since February 9th. Also I use Bollinger Bands (20,Close, 3). Key points are when price touches Bollinger Bands, and thereafter when price touches average (all marked with blue arrows). Outer arrows mark my support and resistance levels. I also use my Bollinger Bands to draw trend lines. More recently I've been combining Stoch RSI patterns too. This is on the 2 hour chart. The four hour chart also looks good. From these signals I work out my strategies.
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Forgot to mention my Bollinger's are (20,close, 3) not (20, close, 2)
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As always remmember guy's Bitcoin and crypto are esports for scientists, in a game where monsters are the world's most powerful computers - the miners and their bankers need your cash.
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Comment: Just an update on my most recent published idea.
Signal on 2 hour but sticking to short - Here's why. Interesting signals on 2 hour chart. Would normally have me thinking to buy, however, although the lowest trough in the bars of MACD remained the lowest trough before crossover the corresponding candlestick above which made a low of $9,047 was later beaten by a candlestick bar with a lower low of $9,045 before the MACD crossover. Therefore I'm not buying into this signal and still thinking of another short leg down coming up. Bollinger bars $9,442 and $8,838 could now need a break by a candle stick for any move up or down.
Signal on 2 hour but sticking to short - Here's why. Interesting signals on 2 hour chart. Would normally have me thinking to buy, however, although the lowest trough in the bars of MACD remained the lowest trough before crossover the corresponding candlestick above which made a low of $9,047 was later beaten by a candlestick bar with a lower low of $9,045 before the MACD crossover. Therefore I'm not buying into this signal and still thinking of another short leg down coming up. Bollinger bars $9,442 and $8,838 could now need a break by a candle stick for any move up or down.
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When talking about lower low in last comment I'm just talking about opening price and closing price not the highs and lows
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Last time Bollinger Bands were this narrow breaks were significant. Check out: 1 Feb Down; 13 Feb Up; 26 Feb Up; 6 Mar Down.
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Most recently on the 2 hour chart. Bollinger tip working out well. The blue and black arrow pattern Stoch RSI also good but had to wait for the net top. After that like last time the market is finally heading south. When talking about the Bollinger Bands I meant the 2 hour chart, and of course my Bollinger Bands are not the default but my own setting (20, close, 3)
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