Felix000

#bitcoin bull bear watch don't get caught out

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
#bitcoin bull bear watch don't get caught out. A new take on signals I've been following much of 2018.
Sep 24
Comment:
Sep 24
Comment: Here's what my previous chart looked like
Sep 24
Comment: This is why market has got to get above that 200 MA.
Sep 24
Comment: I'm a little worried about a potential crash this week like towards end of March futures.

I did some other charts which were looking positive till the above signal was confirmed and I wondered how best it could interpreted (what tools to use) and traded.
Sep 25
Comment: Here's my worry.
Sep 25
Comment: Above chart is worst case scenario.
Sep 25
Comment: Another study of worst case scenario
Sep 25
Comment: Including Aroon
Sep 25
Comment: If there's time for a retrace
Sep 26
Comment: Price broke through 20 MA on the downside so what next ? Any big whale short of oxygen ?
Sep 26
Comment: Interesting observation
Sep 28
Comment: Market pushing up but keeping trap in mind obviously
Sep 28
Comment: Same interest as above but combining Ichimoku Cloud
Sep 28
Comment:
Sep 28
Comment: Just a wider view of the above with some features edited out etc.

Sep 28
Comment: Looks 50/50 between bulls and bears right now. I've taken futures expiry and found what appears like a good price pattern match.
Sep 29
Comment: Update with Ichimoku Cloud etc
Sep 29
Comment: Just a note about the chart above. That green square just above where is says "Head" in the bottom left of chart should not be there - it's just a left over from something else that I was checking out.
Sep 29
Comment: Potential H & S maybe otherwise still looks 50/50 between bulls and bears.
Sep 29
Comment: H & S still 50/50
Sep 30
Comment: Still 50/50. Here's another study of first chart at the top.
Sep 30
Comment: Here is larger version
Sep 30
Comment: Started 1st October heading for top of box.
Oct 01
Comment: Just published a new post "#crypto #bitcoin bull bear using Aroon (Experimental)"
with the following comment:

Bull pushing higher and WOW if they can only break new highs would be fantastic. Here's a worry but bear in mind that it's only experimental. If all patterns are just consolidation areas in a much larger picture then at some point all patterns break up - break out of a box. This study is not intended to supersede any previous study. Bitcoin -0.16% still looks 50/50 ew and currently with a bullish bias. Needs to break into new highs for loads of reasons as everything else appears to be pointing down.

Oct 01
Comment: Holding up so far so good
Oct 01
Comment: Can bulls fight back
Oct 01
Comment: Have posted a new study

#bitcoin TO THE MOON exclusive here's a new BULL side argument

Note: All studies 50/50 till they break out of some box.
Oct 02
Comment: Interesting. Volatility of the first day of the month always and interesting play in first eleven days. Usual 50/50 bull or bear. Can break out in one direction, or, whipsaw. Which is it going to be this time. Hmmmm.
Oct 02
Comment: Chart from my latest post. See post for construction details.

Oct 03
Comment: If bulls can hold do you see on the chart below what a beautiful moon could mean?
Oct 03
Comment: Waiting...............
Oct 04
Comment: In the chart below I'm thinking that for price to have bottomed on the weekly chart do we also need to make a consecutive weekly Williams Fractal low. Maybe a higher weekly high now could be one step nearer to getting it done quickly.
$6,921.4 is a 61.8 retrace. I've gone for a bit lower.
Oct 04
Comment: Here's what I mean
Oct 04
Comment: Based on my TO THE MOON study posted 2nd October we also got consecutive daily low in the first example reproduced again below
Oct 04
Comment: How useful are consecutive daily fractal lows at identifying lows. Well maybe once a year? Have marked them in white in the chart below. Didn't check for sure in detail but does look like at least one of them managed to catch each yearly low.
Oct 05
Comment: My latest post which is an update of an older study "bitcoin bulls could surprise & surpass expectation 50/50"
Oct 05
Comment: Bigger picture
Oct 05
Comment: Watching
Oct 05
Comment: Watching bigger
Oct 06
Comment: Whatever you use or create on a chart not all of them will create value for a repeatable trading strategy, however, being able to see the position of the many patterns (or a single pattern) on a chart like halfway through a game of chess may just help identify or perfect new ones. In this study below I was interested in creating patterns (just triangles) in between different coloured Aroon bars. Like between 100 of one colour to the 100 of the next, including to where the next colour first rises above the previous. Once complete i edited out all those I didn't think were useful, and to see what conditions may continue to support the view that bitcoin had bottomed, etc....
Oct 06
Comment: More studies
Oct 07
Comment: I think I may have discovered the secret to the next big buy/sell signal. Will be watching how this chart develops.
Oct 08
Comment: Big question if histogram goes lower than yesterday 7th Oct, in which case I would add the final green vertical to my chart, and the RSI goes below that of the first green vertical of 49.8317 would that be a buy signal.
Oct 10
Comment: (Update) Question if histogram ends lower than 9th Oct, in which case would add the final green vertical to my chart, and RSI ends below first green vertical of 49.8317 would that be a buy signal. The green and purple DNA of the Histogram matches two other recent occasions but they signalled tops.

You will find all of my bull and bear arguments in my post 24th September "#bitcoin bull bear watch don't get caught out".

Has bitcoin bottomed?

I think we could be about to find out today unless price rises back up, or, need review.

I have boxed in some primary areas of interest to me for comparing recent past, and added below extra photo's for comparison with previous examples.
Oct 10
Comment: The RSI did not end below 49.8317. Therefore, the above observation does not help with a bullish argument.
Oct 11
Comment: #bitcoin fractal patterns same as December but with a twist

Here's my latest observation, and below comparing December's example. 50/50 price finds support and my to the moon charts/arguments remain intact. Some of my bearish charts/arguments still have 50/50 chance too.
Oct 11
Comment: #bitcoin could rebound tomorrow thanks to gold price leap

Here is the daily chart of gold 2.50% 2.09% and bitcoin -4.80% -4.83% . Notice my use of Aroon 1 (blue) 11 (brown). Notice the correlation with Bitcoin -4.80% -4.83% when brown Aroon hits 100. Have boxed in volatility to nearest Blue Aroon at 100. The Aroon is done using the Gold 2.50% 2.09% chart. I've superimposed the brown Aroon on bitcoin -4.80% for better clarity.

Note that move could also be short lived to just one day, or, none at all. 3rd March didn't work well at all. Looks quite good at catching bitcoin -4.80% at point of rebound. All ideas 50/50
Oct 11
Comment: Looking good so far
Oct 13
Comment: From my latest post "bitcoin another bullish argument/chart for the bulls". A new study to add to the many I've done. Used CCI in log scale which revealed some interesting insight because all year these are the only two occasions with this much and the same amount of choppiness . The last time it was bullish . Could it repeat. My only worry at the minute is that my last key signal was bearish .
Oct 13
Comment: GREAT NEWS FOR BULLS

Oct 14
Comment: Another bullish observation
Oct 14
Comment: Most of my charts till 14th October 2018 are on this thread.
Oct 14
Comment: Just for fun it's not often that Bollinger band width has been so narrow and had wondered how to get a look in and compare with the past. I picked all the points with narrow bandwidth lower than today. I then chose a 78 day MA because it was closest to the top band of the Bollinger and looked back to find the closest match. Below are my results.
Oct 14
Comment: WHOOPS MISSED OUT THE IMPORTANT BIT TO THE ABOVE POST.

Just for fun it's not often that Bollinger band width has been so narrow and had wondered how to get a look in and compare with the past. I picked all the points with narrow bandwidth lower than today. I then chose a 78 day MA because it was closest to the top band of the Bollinger and looked back to find the closest match. Below are my results.

Oct 16
Comment: This is probably going to be my final update on this thread

While waiting for the market to confirm some new fractals I thought to keep busy. Here is a follow up on my above study of Bollinger band width which had become so narrow. I found two best fits (using "psychological" profiling) in the above study and wondered whether could take it up another notch. I decided to use Stoch (K at 200) and Stoch RSI (RSI and Stoch both at 200) to log scale and WOW did I get a surprising result. Enjoy. Remember always 50/50 no matter how convincing.

(NOTE: When I did the FIB's I did not use the 2014 Low - didn't think it would make much difference and was such a one off event)

a big dumping is coming...
Reply
Felix000 LijiLe
Cool. End of month futures expiry sure to be real interesting@LijiLe,
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out