Indicator-based analysis is used by many traders to help them make decisions on what trades to take and where to enter and exit them. TradingView has 100+ built-in indicators for market analysis, based on industry-standard formulas. The public library contains 5,000+ custom built indicators, created by talented community developers. Custom indicators are coded in the Pine programming language which allows users to create them from scratch. Indicators are calculations that are displayed on the chart, based on price or volume.
EURUSD Bearish Pennant. This is normally a continuation pattern and often appears halfway through a sharp move. Because of the sharp move preceding the pennant, the combination is often called a flagpole. This allows a target to be achieved by measuring the distance travelled to the pennant and then projecting this down from the breakout point.
Two plus points for bitcoin at the moment. First is that at this stage based on past performance it appears like stocks go down bitcoin stays level. If stocks rocket so does bitcoin. Win Win. Plus lots of hype about new entrants into the crypto market.
My belief - biggest threat to bitcoin future is in brand awareness, and adoption. The authorities will reward...
Higher highs not impossible in following months here's why. In this Parabolic SAR pattern match I'm interested in the months subsequent to a match when yield closes first time below average (marked by red verticals). It's been a good time to buy the months after, and for S&P to go on & make new highs. NOT ADVICE DYOR.
NOTE THE CORRECTION ON CHART BELOW where...
Previous Bitcoin post "End of dip. Will it confirm this week?" Sustaining positive territory not impossible. Histogram, MACD , and soon to be Signal Line. NOT ADVICE. DYOR
See the monthly with S & P 500
Here's an idea. One certainty we know is the high of 2017 like the high of 2013. The other certainty we can gauge using Fibonacci retracements. I have used the low of the week the blue MACD line turned positive. The reasoning being that price retreats when it around the first retracement level, and consolidates before the next move up to 50% when it consolidates...
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