WARNING TRAPS DON'T ALWAYS FOLLOW CONSECUTIVE HIGHS AND LOWS THEREFORE COULD JUST HEAD STRAIGHT UP OR DOWN
Here's what you do. From the last consecutive low do a yellow arrow to the next consecutive low. Then shade in yellow. 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 could be helpful in catching peak of bull trap maybe (set to BB Length 20, Source low, Std Dev 0.001) could use something else whichever your preference.
Chart below shows a couple of examples without traps
#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.