Felix000
Long

#crypto #bitcoin 10% pumps x3 before ETF decision here's why Y/N

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Watch closely open of July 20th $7,333.1 for support and any weakness like a close below (other option would be the low of 20th July $7,221)

See earlier posting for more on coloured boxes and verticals.

Key for my analysis. I've boxed in last 11 days of month from end Dec 2017. I'm only interested in the blue verticals on chart plus in the Histogram I have boxed in a series of 7 verticals (green, purple, green, purple, green, purple, green). We have seen a blue vertical and a green vertical so far in the Histogram both on July 20th. There could therefore be three purple verticals to follow plus another three in green. The first series ended 5th March, and the second 6th             May so I've created a box in the Histogram extending to August 6th             .

NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. DO YOUR OWN RESEARCH.

Note my MACD settings are:-

Fast Length 6
Slow Length 13
Source: Close
Signal Smoothing 31

Default settings Trading View are:

Fast Length 12
Slow Length 26
Source: Close
Signal Smoothing 9

NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. DO YOUR OWN RESEARCH.
Comment: Volatility July 23rd was disappointing. It should have been min 10% pump. The high could now develop into a consecutive fractal high.

I've updated my chart with two purple verticals for 23rd July one for the Histogram, and one below for the MACD.

NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. DO YOUR OWN RESEARCH.
Comment: Had a re-think about the colour coding patterns of the Signal, Histogram, and MACD. I now don't think the high of July 23rd is going to be a fractal high. Only have three occasions to look back on with two purple verticals one for the Histogram, and one below for the MACD. None developed into consecutive fractal highs, and on each occasions market went higher.

NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. DO YOUR OWN RESEARCH.
Comment: Observation. Yesterday July 25th Histogram went lower (will include a green vertical when I post an updated chart) but not the MACD, which suggests that today July 26th MACD should also go lower taking price with it (in which case I'll add a green vertical in there too). Given that both did not go lower on the same day you can go look back at my three zones of study to see what could happen in the hereafter.

NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. DO YOUR OWN RESEARCH.
Comment: Check out my latest post Sunday 29 July on the daily:-

#crypto #bitcoin mega quant move here's how and why Y/N

Here's what you need to know........................If you ask me why I did not post this when market hit bottom, well its because I forgot. It's not easy keeping up to date with so many weird signals at once, and scouting for newer ones. Last time I was making a lot of posts about this signal was back in May, and was using the volatility to calculate a measured move...................Good luck technical analysts. No patterns are guaranteed to repeat for ever. At some point quantity and distribution methods have to change or price discovery mechanisms wouldn't properly work.........I'm sticking with my long for now, and my supports in earlier posts. Given the above I would not want to play it to close.

NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. DO YOUR OWN RESEARCH.
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