brontus
Long

BTCUSD Oscillator swing

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
For the past few bull runs, each time BTC             has maxed out bear momentum on the stoch , it has signalled a bull run. I can see a couple of double tops preceding these dips using BTC             as a launch pad to the next run.

I'm not sure how BTC             has responded to blow off tops in the past. Has that signalled a bear market? But if the trend continues, this looks like a promising dip. Will wait for divergences to confirm.

At the very minimum I would expect a short them bull run before collapsing.

I'm still a crypto noob but wanted to log this observation.
Comment: I've been thinking about this a little more. Obviously, this alone cannot signal a reversal. What can 100%? I think what this does highlight is a signalling of a momentum change in order to break the ATH. To make our journey successful from this point, we'll need to break local highs and make lower lows from the bottom this sets. If we can hold the bottom we make on this move, then our probability increases for our momentum to continue higher. I'll be looking for higher lows on the oscillator while making higher lows and stoch crosses in bullish zones. Confluence with strengthening RSI and keeping an eye out for major support and resistance levels along the way.

Look at the double bottom on the circles farthest to the left. Price closed lower but bear momentum was slowing. Curious, so very curious.
I've been thinking about this a little more. Obviously, this alone cannot signal a reversal. What can 100%? I think what this does highlight is a signalling of a momentum change in order to break the ATH. To make our journey successful from this point, we'll need to break local highs and make lower lows from the bottom this sets. If we can hold the bottom we make on this move, then our probability increases for our momentum to continue higher. I'll be looking for higher lows on the oscillator while making higher lows and stoch crosses in bullish zones. Confluence with strengthening RSI and keeping an eye out for major support and resistance levels along the way.

Look at the double bottom on the circles farthest to the left. Price closed lower but bear momentum was slowing. Curious, so very curious.
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Oops, still getting used to Tradingview, duplicate post from updated comment above.
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