What is the Coppock Curve indicator?
+ Coppock, the founder of Trendex Research in San Antonio, Texas, was an economist. He had been asked by the Episcopal Church to identify buying opportunities for long-term investors. He thought market downturns were like bereavements and required a period of mourning. He asked the church bishops how long that normally took...
When Will I See You Again? and Patience is a Virgo
TL; DR - waiting for the Coppock Curve indicator to hit 0 on the monthly chart has proven to be an excellent move so far for long term buying of BTC.
What is the Coppock Curve indicator?
+ Coppock, the founder of Trendex Research in San Antonio, Texas, was an economist. He had been asked by the...
It is at a very strong support level at $130-120.
It has strong resistance at $200 and has yet to touch its all-time high around $250 (it will eventually).
3 major oscillators are at the oversold point (buy signal).
It is waiting to start a trend after spending almost 1 year trading in the same range (120-200).
I see no way that it will continue to fall unless...
I've been surprised that BTC has gone so far without any real pullback.
I've been scalping long but haven't taken nearly as much as I should from the markets since I was cautiously expecting a pullback and have not held my winners as long as I should have.
It is now forming a large rejection wick on the week chart which means it it probably getting ready for the...
(See the link below to the 6 point checklist for what I'm looking for in a validated bull market.)
I've been scalping alts long with success and have a long bias on cryptos in general.
I am not yet ready to buy and hodl for the long haul yet because I'm still waiting for a bullish downside rejection wick hammer bar on the weekly chart to clear out stops to the...
Historically the coppock curve has needed to reach 50 on the week chart to print a valid bullish signal.
It has now made it above zero which means this could be either a good shorting position or that a bullish base is being formed.
Plan is to wait and see if it can get above 50 and if it drops below zero again this is a shorting area with a target around $2k to...
Here's a plan to start buying BTC gradually on a dollar cost basis without trying to time the market precisely.
BTC has historically moved in booms and busts with the max drawdown from the prior top being at most 95%.
This is the main reason I'm kind of expecting another leg down to the $1k to $2k region.
BTC has also always printed a long rejection wick to the...
I've been watching BTC for another major Coppock Curve signal to repeat a major trade of a lifetime swing entry.
It's starting to curl up but is not yet above 50 which will be my buy and hold signal.
However as long as it's showing strength I will treat it as a sign that scalping to the long side it reasonable.
Maybe by the end of the year it will be above zero.
The USD/JPY is currently in a weak symmetrical triangle pattern, this is also coincidentally where the 25 MA and the 13 MA look like they will be crossing over in the near future (I would moreover say 13 MA crossing above the 25 MA, indicating a bullish play). Also, the Coppock curve is positive, but is slowly reaching prior resistance, so this could mean a...
This thing is bizarre. The POC is 213 but the value area low is a mere 5.85.
There was virtually no large money flow into Eth when it went parabolic.
The volume/$ histogram show hardly any dollars coming into it past about $60.
$50 might be a reasonable price for it given that's about the last time that it had volume coming into it.
I am considering a short...
Looking like Apple might be due for a correction.
The Coppock Curve has done a good job of finding entries on the monthly chart for the last decade and might work on the next cycle.
The Coppock Curve on a week chart has produced only one false signal on BTC when you set the threshold to 50.
It is best used for finding a breakout after a long consolidation, so it's not surprising that the one bad trade it signaled was not after consolidation. It did find the breakout at the end of 2015 that led to the run to 20k.
Will be watching for a...
Here we have BTCUSD weekly on log scale and Coppock on log scale too.
Background: the last major correction started at ~ Nov, 2013 and finished Dec, 2016. It took ~ 1100days. Lowest was around its half, ~600 days.
Hip: my biased prediction use the assumption that the current correction is similar to 2013-2016 in duration. (And yes, I might be wrong...
DOC has produced a flag pattern. The 10 and 20 MA are providing resistance. The coppock curve has already gone negative. If the stock breaks the 10 and 20 MA I would buy till resistance (top black line). If the stock forms a candle downwards outside the flag pattern I would short till resistance, but if the coppock curve goes below the lowest black line then I...
BTC Short
Here we have 1d BTC:
- blue dashed line is simple linear regression (days/close price).
- rainbow-line is Hull Moving Average 100 days.
- green-red-line is simple moving average 400 days.
- grey line is 800 days moving average,
- middle green doted line (between the previous two) is weekly MA20-STDEV20 (see Bollinger Bands)
- and than standard Coppock...
Here we have 1d BTC:
- blue dashed line is simple linear regression (days/close price).
- rainbow-line is Hull Moving Average 100 days.
- green-red-line is simple Moving Average 400 days.
- grey line is Moving Average 800days,
- middle green doted line (between the previous two) is WEEKLY MA20-STDEV20 (see Bollinger Bands)
- and than standard Coppock and simple...
Here we have 8h ETH-USD, I think that ETH might be a good call to buy now, because
- Coppock entered +
- Volume is supercool
- RSI seemed to leave lower zone
- 8h Klinger and SMI Ergodic both OK
- Supports (MAs) are OK.
My tactics:
- Buy in 1/3 @1070, 1/3 @1050, 1/3 @1030
- Stop sell : @1000 (3-7%, WA:5%) loss, or on volume drop
- Exit 1/2@1300 (25%), 1/2...
