I'm going long because my Daily ADR 49 went higher than the base pyramid (indicated with green arrow). Sounds crazy but you got to start somewhere.
I'm going long because my Weekly Stoch RSI turned positive. Sounds crazy again but got to start somewhere.
Just did a study of a mash up to find some pattern to my code red. The only ones I can find with just three daily bars within the yellow shaded area starting with a red vertical in the MACD and ending with a blue appear to indicate a red bar the following day. Starting with a red daily bar followed by green and another green = red bar next day. Therefore I'm...
I don't need to explain if you have been following my other postings blue diagonals are most recent trend lines. I was also counting waves over the last day which show up as little red lines (one of which is vertical. My analysis is still short.
When to go long? Three choices on my 2 hour chart. They are all points which had great significance in my thinking to go short. Williams Fractals (50% $7,367.6 H =$8,120.2), (50% $7,037.3 H=$7,509.7), (50% $6,991.5 H=$7,189.0). I cancel all my thoughts about shorts with a stop $7,189.0. Review going long. Can always short again later. Those 3 points on the 2 hour...
(See also my 2 hour chart update) When to go long? Three choices on my 2 hour chart but also apply to 4 hour chart. They are all points which had great significance in my thinking to go short. Williams Fractals (50% $7,367.6 H =$8,120.2), (50% $7,037.3 H=$7,509.7), (50% $6,991.5 H=$7,189.0). I cancel all my thoughts about shorts with a stop $7,189.0. Review going...
Firstly Soros factor. Growing Hedge Fund interest in market. Unlike futures who needed to pump up market before end of 2017 to acquire critical mass, Hedge Funds strip what's left of excess mass. So either you think bitcoin has hit reality and can't go down further, or, is going to get its reality check from these guy's. I've already published charts with patterns...
Have updated chart. Yellow horizontals indicate 50% not broken yet, and reds are 50% that have been. Have used horizontal rays so that lines only go forward from the Williams Fractal boxes they came from.
Big Picture chart showing Williams Fractal pattern and strategic opportunities using 50% point within each box construct in big scale mashed up into daily bars. For those who like studying puzzles I thought this mash up could give more added edge to the 4 hourly which I published. I didn't change anything just switched to the daily bars.
Interesting observation. I created two yellow bands for the two William Fractals mentioned in previous postings using the high and low and what's interesting for those who like counting is that price closes in and out of the bands between 4 to 9 days. I'd say the odds of Bitcoin dropping out the box are increasing by the day. I've marked with two big fingers one...
I'm short for now because price crossed one of my Bollinger trend lines , and price touched one of my lower Bollinger lines. Just for now a move back over $6,967 as indicated in the 4 hour chart or on 2 hour chart would cause me to review.
Big Picture chart showing Williams Fractal pattern and strategic opportunities using 50% point within each box construct in big scale.
Just spotted William Fractal pattern on the 4 hour chart which I follow. It's yet to complete but judging where the price currently is I believe it is a bullish signal with $8,180 as target. Already found pattern in Stoch RSI which in part links with a pattern in MACD too. Although I would like price to hold above $7,181.5 which is a low reached after the Stoch...
Have updated my 4 hour chart.
Have updated my 2 hour chart. These Fib extensions could be hugely important for bulls and bears because if your looking for a trend pattern and you look back to Feb in my chart you'll see that these extensions were both important to the market on the way up as they have been on the way down. For some looking for a trend pattern going by one example in the past...
Price nonsense over the weekend. Have updated my 2 hour chart I'm thinking short if it breaks out the weekend low $6,425.1 and review long if it breaks out $7,367.6.
Did a 50% retrace $6,823.6 and good time to short Y/N?
I'm publishing a close up for the benefit of those who have been following my other tweets. My thoughts earlier about good reason $6.533 was a good low may be eroded as market moves sideways #btc_usd #btcusd #bitcoin #crypto