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BTC : Stairway To Heaven There's a lady who's sure All that glitters is gold And she's buying a stairway to heaven When she gets there she knows If the stores are all closed With a word she can get what she came for And she's buying a stairway to heaven There's a sign on the wall But she wants to be sure 'Cause you know sometimes words have two meanings In a tree by the brook There's a songbird who sings Sometimes all of our thoughts are misgiven Ooh, it makes me wonder Ooh, it makes me wonder There's a feeling I get When I look to the west And my spirit is crying for leaving In my thoughts I have seen Rings of smoke through the trees And the voices of those who stand looking (that's you) Ooh, it makes me wonder Ooh, it really makes me wonder And it's whispered that soon, if we all call the tune Then the piper will lead us to reason And a new day will dawn For those who stand long And the forests will echo with laughter If there's a bustle in your hedgerow Don't be alarmed now It's just a spring clean for the may queen Yes, there are two paths you can go by But in the long run There's still time to change the road you're on And it makes me wonder Your head is humming and it won't go In case you don't know The piper's calling you to join him Dear people, can you hear the wind blow? And did you know Your stairway lies on the whispering wind? And as we wind on down the road Our shadows taller than our soul There walks a lady we all know Who shines white light and wants to show How everything still turns to gold And if you listen very hard The tune will come to you at last When all are one and one is all To be a rock and not to roll And she's buying a stairway to heaven // Durbtrade
BITSTAMP:BTCUSD
by Durbtrade
7
BTC : Fibonacci Grid Time and Space only exist between two points. You can build an entire grid system using only two points, and multiples of the distances between those two points. On a price and time scale, this can be useful in establishing critical levels used to assist us with trading. Which two points you choose can unfold entirely different results. In this example, two relatively recent points were chosen to maximize accuracy and effectiveness of the grid in relation to the most current candles. This idea is presented using the 2Day timeframe to allow the display of the entire history of Bitcoin. Finding the two points used to build this particular grid structure is as simple as locating the intersection of price level 0 and time level 0 (0,0), and the intersection of price level 1 and time level 1 (1,1). Multiples of the vertical distance between the two points are extended vertically on the price scale, and multiples of the horizontal distance between the two points are extended horizontally on the time scale. Within these unitary extensions, Fibonacci-numbered levels are specifically highlighted as vital extension levels based on the two chosen points. Don't forget to also view the chart using the linear price scale for an alternate perspective. Any two levels on the same scale can be further divided if needed to assist with action on smaller scale frames : For more information on how Fibonacci levels can interconnect and overlap, see this shadow-banned educational idea : Finally, thank you to my followers and to those who enjoyed viewing these ideas. Please feel free to give them a boost if you like them. // Durbtrade
INDEX:BTCUSD
by Durbtrade
9
BTC : CurvesHere is a cyclic curve lattice used to identify historical and future support/resistance levels that can assist us with our trades. The chart is unraveled on the 4 week time interval and the logarithmic price scale. Every historical curve shows at least one critical price action reaction. Here are the most important, all but one relating to candle wicks... Green curve price action reactions : Red curve price action reactions : Future cycles are carefully estimated using Fibonacci measurements. Finally, thank you to my followers and to those who enjoyed viewing this idea. Feel free to give it a boost if you like it. // Durbtrade
INDEX:BTCUSD
by Durbtrade
Final Fantasy 6.382 Executing a coup, the tyrannical jester Kefka stole the throne of the global deepstate empire that holds humans in poverty and despair. After traversing to the peak of the floating continent, Kefka unleashed his diabolical FOMO... misaligning the delicate positions of the sacred statues of currency. The balance of power has crumbled to dust, and the world is in ruins. With Magitech AI bots behind his back, and deceived Fanatics by his side, Kefka launched his quest of stacking Bitcoin Shards for the purpose of manipulating markets in order to crash the economies and eliminate the people that stand between him and the ATH of power and control. Luckily, a group of warriors have managed to hodl through the FUD. Armed with charts, and the few remaining Bitcoin Shards, they have united, and are prepared to face the fibs of Kefka in the final battle to save the once prosperous planet from a hellscape of complete collapse and absolute corruption. Will the band of warriors be able to defeat Kefka and stabilize their economies? We are about to find out. //Durbtrade
INDEX:BTCUSD
by Durbtrade
1
The Art of FibonacciBitcoin has been on the rise, and I would like to share my Master Fib. This angled fibonacci structure encompasses the entirety of Bitcoin's history and can be used to help discover price action patterns, facilitating future trade decisions. The chart can be useful on both logarithmic and linear price scales. This idea highlights the fib structure on the log scale. This particular fibonacci-based structure utilizes the following levels : 0, 0.214, 0.236, 0.35, 0.382, 0.5, 0.618, 0.65, 0.764, 0.786, and 1, and extends 20 levels above and below 0. The core channel from which the structure is built is established using the following 3 points: These 3 points create the core channel of the master structure: The final version of this chart has been optimized for, and makes use of, the 10 day timeframe. While I personally prefer using this chart on a smaller timeframe for everyday use, the 10 day timeframe was chosen as a suitable balance of factors, including the following: maximizing the amount of bitcoin historical data and fib data displayed maximizing chart clarity at all zoom levels maximizing visibility of price action reactions maximizing published idea usefulness lifespan When viewing the fib structure on alternate timeframes, reactions in price can be seen as high as the monthly timeframe, all the way down to the 1 minute timeframe. Utilizing various timeframes can help display more pronounced, obvious, or acute reactions to fib levels. 1day price action fib reaction (April 2018 - July 2019) 1hour price action fib reaction (April 3/4 2022) 1min price action fib reaction (March 5 2024 - 5 days ago) Even on the 10 day timeframe, reactions can be seen as far back as December 2009... bouncing off the 6.214! There are many such reactions to this fib structure throughout the entire history of bitcoin. What's amazing is that the 3 points used to create the structure are from December 2017 to November 2021! So, let's take a quick look at some of the reactions in price to some of the various fib levels. Doing this will add validity to the effectiveness and usefulness of the fibs. And finally, here's a look at where we are today, on the linear scale, just before the 10day candle close: Now that we have established some validity of the fib structure, we can use it to help us make future trading decisions, particularly when the price of bitcoin approaches, rejects, breaks through, or retests the various levels. Does, and will, bitcoin always react to every level? No. But I think this is one of the best bitcoin fib structures I've seen that encompasses every single displayed candle while maintaining such accuracy and effectiveness. Its influence on the bodies and wicks of past and present candles can be seen. I think it is likely to guide and influence future candles. I estimate that the further above or below that price is from the core channel, the less accurate and influential the levels and angles will be. I also estimate that the further away we are, in time, from the 3 points that build the core channel, the less accurate and influential the levels and angles will be. That being said, we, being humans, only have so many 10 day candles left, so... yeah. *Bonus* Keep zooming into the light (on the chart) Thank you for checking out my idea! I hope that you like it and find it useful. If you do, please give it a boost. And feel free to comment. //Durbtrade
INDEX:BTCUSD
by Durbtrade
5
BTC : 5Day MACD Fib WavesBitcoin Bitstamp 5Day moving average convergence/divergence and fibonacci-based primary and secondary sine wave structures established from historical MACD positive and negative momentum. The MACD is displayed using the standard fast and slow lengths of 12 and 26, respectively. Signal smoothing length is the standard value of 9. For visual clarity, the signal line is not displayed... but I have left in the colored fill between the MACD line and signal line, so you can still see where the signal line would be. Also included is the colored fill between the MACD and zero line. The wave structure template used in this idea is roughly relative to a standard fibonacci channel, using the following levels : 0, 0.214, 0.236, 0.50, 0.764, 0.786, and 1.00. The primary fib wave template is displayed using solid lines. The positions of the upper and lower bounds of the wave structure are established using the March/April 2021 high, and the June/July 2022 low. The horizontal positioning of the wave structure is established using the March/April MACD high for the lowest wave value. The highest value of the 1.00 wave (amplitude), as well as its' wavelength, is established using the 0.50 midline level interactions...but more on that soon. Note, while the build and placement of the fib wave structures mimic a standard fib channel, it is not exact. Looking closely, you'll notice that the midline isn't exactly in the middle of the 0 and 1.00 wavelines. The structure compresses towards the bottom, thus it is not vertically symmetrical. Either way, these fib wave levels surely line up with the MACD rather impressively. Also of note, by applying a horizontal fibonacci channel using the lowest values of the 0 and 1.00 wave levels, and adding 0.35, 0.382, 0.618, and 0.65 to the existing levels, one can see interesting interactions between the MACD and these horizontal levels. Returning to the primary wave structure... we can see some very interesting interactions between the MACD and the waves. Here we look at the pink/blue wave levels : And here, we look at the 0.50 green midline : These midline interactions were used in creating the amplitude and wavelength of the entire wave structure. By looking at all the interactions, I believe that it is fair to assume that interactions similar to these could occur in the future when the MACD reaches the various levels of this fibonacci wave structure. Ok. So what if, in the future, the MACD reaches beyond the upper and lower bounds of the fibonacci wave structure? My first thought was to just extend the current wave structure by adding more levels above and below the existing structure : This could indeed be useful. But, when I looked at the current structure, and then looked at historical MACD values before 2017, I concluded that this structure doesn't necessarily apply to that data. If I were to predict future MACD action beyond this structure, especially a massive logarithmic rise/drop similar to what happened at the end of 2020/beginning of 2021, I would need to think about this completely different, and find a another method... one outside of simply adding more levels above and below the existing structure. What did I find? Let's return to the midline interactions that we looked at earlier. We see the MACD hits the green midline and reverses 3 times before breaking through the it, and then the MACD rises to the white 1.00 fib wave level. I realize the following might be reaching a bit far, but, what if this particular MACD behavior pattern occurs again in the future? If the possibility of this occurring again exists, is there any existing MACD data that I can use to form an entirely new fib wave structure? A new structure that when placed properly, allows this behavior pattern to occur once again? Here is what I found. I can place a brand new wave on the chart, one with a larger wavelength, and a much larger amplitude. I can modify its' wavelength, amplitude, and position, so that it mimics the midline of the existing wave structure, but on a larger scale. Take a look... here it is, displayed with a dashed line : Now I ask, is it possible to estimate the other levels of this new structure using this waveline and any existing MACD data? Here is what I found : Is this stretching a bit too far? Maybe. But, I think that this way of thinking is what is necessary to imagine what the MACD may look like in the future if there is a massive logarithmic swing in either direction. And of course, because this new fib wave structure is built using less data than the previous structure, and involves more estimation, it is likely to be less accurate as well. So, if all of this possibly plays out, what would the MACD look like if it did reach these types of levels? Well, using an unpublished pinescript indicator that I wrote, I can give you an idea of what it would look like... If you take all of the existing MACD data, offset it horizontally to the right by 500, and then multiply the values by 4.20, you get this : Awesome, right?!?! Interestingly, this projection also fits the initial fib wave extensions that I used in one of the previous images above. Take a look : So, in conclusion, this is how I created the main chart of this idea. I tried to include my logic and reasoning behind it. Is this useful? I think so. Naturally it depends on several factors such as whether you agree with the logic and conclusions of this idea, whether you use the MACD to help you trade, the timeframes of your trades, as well as your trading style. If anything, I think this chart is definitely worth looking at every now and then, especially when the MACD gets close to the various levels. Regarding sine waves, I have found some other waves that can be applied to the MACD that could prove useful. I refer to them as sub-waves. These are not placed within a unifying fib structure... they are individual waves, each with different amplitudes and wavelengths. All sub-waves : I think that these sub-waves can be useful at levels in between the fib wave levels of the two main structures, and overall help add to the validity of the notion of using sine waves in conjunction with an MACD while trading. Finally, here is a bonus 5Day MACD fib grid image... Thank you for checking out my idea. I hope it makes you look at sine waves, fibs, and the MACD differently. Please give it a boost if you liked it, and feel free to comment. //Durbtrade
BITSTAMP:BTCUSD
by Durbtrade
BTC : 3Day Heikin-Ashi Log + 1Day 300 SMA + Fib ChannelHere we take a look at BTC heikin-ashi candles on a 3 day timescale, the 1 day simple moving average with a length of 300, and a fibonacci channel, all on the logarithmic price scale. Of note, is the candle behavior in relationship to the 300 SMA, before and after BTC reaches its' peak during the 2013 and 2017 bullruns, and how that behavior can be analyzed and applied to the current bull run. We see that leading up to the 2013 peak, as well as the 2017 peak, BTC stays above the 300 SMA as the price rises. We also see that after both of the 2013 and 2017 peaks, BTC drops below the 300 SMA : Now, if we look at our current price action, we can see that BTC has dropped and hit the 300 SMA, and has managed to stay above it : If we look at April 2013, we see BTC came close to hitting the 300 SMA after a significant peak, but it continued to rise into late 2013, when it finally concluded its' bullrun, after which, BTC did drop below the 300 SMA : One may conclude that if BTC drops below the 300 SMA during this current bull run, we can assume that the current bull run is over, and it may be some time before the we see another bull run. If BTC manages to stay above the 300 SMA, we can assume that the current bull run will continue on (like it did in summer 2013) most likely until the end of the year, and reach another new ATH. Thanks for checking out the chart! Feel free to like and/or comment... it is much appreciated. // Durbtrade
BITSTAMP:BTCUSD
by Durbtrade
6
BTC : March 12 2020 Log Line Here is a trendline from March 12 2020 to October 7 2020 extended on a logarithmic price scale using 12Hour heikin-ashi candles : March 12 2020 was the lowest price point of 2020, and forms the beginning point for the trendline. Using that point, we can form the lowest unbroken support trendline before the post-ATH drop. Let's highlight our current battle, and then zoom in a bit : Extending the line to the right shows that BTC broke below the trendline numerous times, the furthest point below happening about 3 weeks into July 2021. 1Hour view : It appears that horizontal resistances may not be the only factor in the current battle. 5Minute view : Of note, I would consider this line as the middle of a ascending range or channel of influence, given that it is formed using rather dated (but important) price points. Therefore, I'll be watching for an obvious upward price launch not just at the line itself, but also from the surrounding area to signify that the line has been broken to the upside. And if we do get an obvious break above the line, perhaps it will resume its previous role of ascending support? Let's see what happens. // Durbtrade
BITSTAMP:BTCUSD
by Durbtrade
9
BTC : Schiff PitchforkPitchforks create a type of trend channel. The trend is considered active as long as the price stays within the channel. Reversals occur when price breaks out of the channel. There is a center median line ( trend line ), as well as sets of lines above and below that median line. The additional lines are set a specified number of standard deviations away from the median. Each individual line represents a support/resistance level. Note the way that price action interacts with the various lines : Pitchforks can help establish key support/resistance levels! These levels can be used in conjunction with active price action monitoring to help identify trend continuations/reversals while trading. // Durbtrade
BITSTAMP:BTCUSD
by Durbtrade
2
BTC : 12hr Bollinger Bands WidthHere we take a look at the 12hr Bollinger Bands Width compared to price action as a way of understanding volatility. Indicator arguments are as follows: Length = 20 Source = Close StdDev = 2 Included with the Durbtrade Bollinger Bands Width indicator is a zero line (white), and an Exponential Moving Average with a length of 50 and an offset of 0 (blue line). The dotted pink horizontal line is the most recent 12hr BB Width closing value extended backwards for comparison. The 12hr timeframe allows us to look at all BB Width values since the March 2020 drop. Above the BB Width is BTC price using standard candles, and on the right is BTC price expressed as heikin-ashi candles. Let's take a look: Right from the start, we can see how substantial and quick the March 2020 drop was, with the BB Width reaching a peak of 0.902 : Other high peaks include - the Jan 2021 peak at 0.499 : the May 2021 drop at 0.469 : and the July 2021 launch into August at 0.406 : Now, let's take a closer look at the most recent 12hr BB Width close value of 0.087 : Let's also look at when the BB Width has dropped below this level: ... as well as the BTC price during these moments : ... and finally, let's compare them to eachother : Conclusion : I expect there to be a significant spike of the Bollinger Bands Width in the near future. I expect increased volatility, with a massive price swing. As for price direction during the spike... I'll leave that expectation up to you. Thankyou, goodluck, and happy trading! // Durbtrade *Related Script :
BITSTAMP:BTCUSD
by Durbtrade
4
COIN : On the RiseCoin has been on a roll the past 2 days. Back on 6/22/21 COIN retested the 5/19/21 all time low of $208.44, when it opened with a 5.33% drop in an hour and 16 minutes, dropping from $222.64 to a low of $210.77 : There was even a 2nd quick retest of the all time low 41 minutes later : By the end of that day, COIN had closed right where it had opened the day at! The following day, 6/23/21, COIN continued to rise, hitting a temporary high of $230.47 at 10:46am, exactly 250 bars after the retest : From there, COIN drops for the remainder of the day, but the following day, COIN goes back up to close 6/24/21 just below the $230.47 level. Then, at the 6/25/21 opening, COIN falls sharply and quickly to just above the $222.64 level, where for the remainder of the day, it trades horizontally in a very narrow channel : Which brings us to this week. Starting yesterday, after trading in between $222.64 and $230.47, COIN exploded, eventually raising $36.93 or 16.48% to a new relative high of $261.05 at 9:56am today. We've remained just below this level until now : Zooming out to the 30 minute candles, we see that COIN has broken out of the relatively horizontal channel that it's been trading in for over a month now : On the 1 hour timeframe, the indicators are a bit hot right now, especially the RSI. The RSI and MACD are all at their highest levels in COIN's history. The Bollinger Band Width is just below its highest level. Volume is showing green, but I'm not seeing a substantial increase. Comparing COIN to BITCOIN on the 3 hour scale shows that COIN had a significant spike up, relative to BITCOIN : And that's pretty much where we stand as of now. It's nice to finally see some decent upward momentum... something to get excited about. Will COIN continue to rise in the upcoming days? I'm starting to think so... and if it does, it will be interesting to see how the price reacts to the various key horizontal levels that we found on the way down. Watch carefully. And keep your eye on BTC too, obviously. I still believe that COIN has the potential to be a big winner, and I wish you all good luck in your COIN investments! Thanks for checking out this update, and for your feedback and support. I appreciate it! // Durbtrade
NASDAQ:COIN
by Durbtrade
4