Felix000

Last time this event happened on 4hr chart market bounced back

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BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
NOT ADVICE. DYOR.
Comment:
Comment: Apart from waiting for the MACD histogram signal as in previous post to confirm the LO is in, we could see the 3 MACD signal lines rising before that is confirmed.
NOT ADVICE DYOR.
Comment: Another way to comment on findings:-

Chart A: consistency has been broken on the 1hr & 4hr chart. Here's what happened last time. Reset? Or wait see next chart.
Chart B: when STOCH >95 with dual rising MA's price has revisited LO (blue horizontal) within 13 days. CAVEAT: 2020 stat. only
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Comments

Any thoughts on how the month end may impact this?
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Felix000 GeekMama
@GeekMama, Well I am thinking massive volatility this week. Could take out ATH, and take out $17,266 as well. Wondering if Japanese market being closed today had an effect on todays price moves. NOT ADVICE. DYOR.
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GeekMama Felix000
@Felix000, Interesting. So let us see whether there is more action in six hours time (midnight here in the UK). We would maybe see a change in volume even if not in price movement.
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Felix000 GeekMama
@GeekMama, Using Bitstamp NOT ADVICE DYOR



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Felix000 GeekMama
@GeekMama, Here is a pattern. NOT ADVICE. DYOR.
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