Two Godmode oscillators set up on the same merged indicator pane,
One Short " Predictive " Setup (RED DOTS)
One Long " Conformation " Setup (Blue Crosses)
The slower godmode (Blue Crosses) now becomes a "confirmation" indicator. Less noise less prediction. The two together are powerful
Just updated the chart for both Bull & Bear BITCOIN traders even though I don't trade short term things. The SOLID TWO BLACK LINES are for BULL channel traders and the DOTTED RED/GREEN PARALLEL LINES are for bearish traders channel pattern.
not just for the joke :D
i am holding this short exactly as drawn in this chart
technical:
The trend is keeping it tight in the channel center. Intermediate goals like $260 are discussed but profit takers are on the spot. The ADL shoots up, i'd say correction/distribution has to follow soon (without knowing if i interpret this right).
fundamental:
Network...
less talk more lines
Old setup is in the red, buy signal triggered too - should close before things get steamy. New setup could be quick long or just short the top at 250.
Backstory: The first pennant did not even form a double bottom so the price spiked into the upper midst of the channel with ease. From there it turned down to almost previous levels, particularly around 266. This couldn't be sustained so the return to the bearish middle trend line followed.
Current analysis: A tight pennant is forming. Futures have a positive...
Backstory: The bull channel had an outbreak which returned to the channel. This is sometimes associated with a measured move of the same size but in the other direction. The target came a bit late but also overshot slightly. This is a small indicator for more bearish action.
Current analysis: There is not much rebound to speak of. The sideways ground movement is...
