From 2013 only one other match when two green bars following a red bar conclude with a red bar. See how closely SPX and bitcoin averages played out then and now. Do same with bitcoin's MACD. NOT ADVICE. DYOR.
Analyse for yourself 10 Market MACD pairs including bitcoin Longs & Shorts using log scale. SPX constant (Orange). NOT ADVICE. DYOR.
Lets check out 200 DMA. Using 1st June High we need a DMA of 200 DMA day before a cross. 69 best. Found 3 same crosses from High 2013. See what I see. Enjoy. NOT ADVICE. DYOR.
Same pattern candle during QTR but only two ended with two green candles NOT ADVICE DYOR
NOT ADVICE. DYOR.
VIX peaks positive for bitcoin, also SPX if make new high July-November. NOT ADVICE. DYOR.
NOT ADVICE. DYOR.
NOT ADVICE. DYOR.
Journey begins today with this 1st lesson for beginners. Jumping on the quick and profitable trading strategies is secondary. Primary objective of Cryptocians account is to provide ground level basic knowledge for beginners right from what are candle sticks and how do the perform, to how to plot strategies and trend lines. Of course in couple of months you will...
Bitcoin looks ready to "Moon". We had a rise from trough in VIX (white horizontal) followed by red candles in both bitcoin and SPX (purple vertical) forming a support base (purple horizontal) and key resistance (blue horizontal). Buy/Sell break outs. ROC turned positive too. NOT ADVICE. DYOR.
On the% chart, bitcoin prevails in the cryptocurrency market. I followed a little over a year. All the key movements during this time I predicted. This percentage of bitcoin dominance is very much related to the transfer of altcoins. Each minor correction and decline in dominance is accompanied by a shot on average 30-50% of altcoins. Some overt fraudulent...
See previous postings. Will history repeat, or, will it be different this time. NOT ADVICE. DYOR.
Bitcoin best trend line breakouts have been at beginning of quarter. Will it be different this time. Box in yellow 1st two months of red candles after green. Add multi-time period charts (quarterly true range). Add yellow trend lines. Add dotted horizontals where weekly SPX closed above 100 WK MA . Add white horizontals to indicate high of last two red candles....
Update - My post April 2, 2020, "Bitcoin & Big Oil" . First point of interest - Using MACD of USOIL (WTI) point before precipitous decline. See what happened when bitcoin closed month end above $365 NOV 2015 and thereafter. Notice in each case c.55% drop before rise. Bitcoin has yet to close out month above $9084.7. Second point of interest - Monthly Dollar...
See last couple of times what happened to bitcoin price when Weekly SPX closed above 100 WK MA. CAVEAT- Small sample size. NOT ADVICE. DYOR.
I wrote a series of articles on harmonious patterns. On the coin, which I trade from time to time for about two years, a harmonious ABCD pattern is now formed. I decided to publish the information here on the site. I combined a teaching idea with a trading one. Immediately I showed the options for working on a coin, so as not to spam trading ideas and spend time...
I wrote a series of articles on harmonious patterns. On the coin, which I trade from time to time for about two years, a harmonious ABCD pattern is now formed. I decided to publish the information here on the site. I combined a teaching idea with a trading one. Immediately I showed the options for working on a coin, so as not to spam trading ideas and spend time...
Ethereum is currently moving in a strong uptrend. An ascending wedge formed. It is very necessary to be careful in trading now. In fact, holding the starting position while the trend continues. You can apply the pyramid trading strategy, about which I have an extensive article on how to work profitably and safely in two directions on one tool. A break in the...