In the past, Bitcoin has never reached its peak before this indicator reached 90. Currently, the indicator is at 65. There was never a false positive signal. Therefore, if past topping patterns hold true, there might be a significant mark up before Bitcoin reaches its next peak. This is for long term investment not for swing trades.
This video shows how you can replace your volume indicator with Ultimate Volume or Accumulation/Distribution Volume Indicators. (I personally use all my indicators in a separate pane) -------------------------------- Hello friends and strangers! It's been a long time since my last TA. As you might know, I've been working on indicators during last couple of...
Hello fellow gamblers! My GF is staring at my screen right now and if I don't finish this soon, she is gonna dump me. I wanted to keep my promise of posting this idea after the small wedge breakout/down. Tune in for more updates. Safe trading :) /:D Don't forget to like if u like it! Note: zoom in the chart by dragging the time and price scale. Double click...
Hey guys, A few days back, I noticed the cyan triangle pattern and I thought we would go down, but we didn't (glad that I didn't share it publicly :D). MMs never make it easy for you to predict the market, altho they have been repeating their bart patterns since 10k drop with slight variations. I think they divided the fractal into two parts and swapped them to...
Hello traders and fellow gamblers! A friend (@DennisLeeBTC) introduced me to a new indicator yesterday, Volume Accumulation Percentage Indicator (VAPI) authored by LazyBear. I changed the indicator a bit so that I can stack it on RSI (see the script below). I've been playing with it for a while. It showed 4 divergence correctly where RSI failed to detect since...
Helloow fellow gamblers! In these charts, I am looking at MACD in 2014 and 2018. Top left we have MACD on 5d timeframe in 2014 showing strong bullish divergence. It is the first time that happens after ATH and puts an end to the down trend. In top right, MACD on 5d in 2018 does not show any divergence. Can we conclude that the bear market is not over yet? IMHO...
Hello traders and fellow gamblers! --- warning: get bipolarity vaccination before continuing --- As you can see in this 12h chart, the price structure is not very similar to April triangle but the RSI and sequence of divergences are quite similar. I think that bears learned the bulls game and are defending from their territory instead of attacking the supports...
Wedges: This is from my previous updates for new viewers: “Fractals (didn't have time to update it but u get the idea) Most traders don't look at pivots. But as you can see in this chart, weekly and monthly pivot really worked as a pivot and strong resistance in each correction. I have shown a fractal from earlier drop before. Now I see that this fractal is...
Hello traders and fellow gamblers! 200 Simple Moving Average (SMA) peaked 4 years ago on June 8th. Next peak might be very near. Unless we start a rally like the one we had in November (purple arrow), 200SMA is going to mark its ATH soon (likely next week) with a relatively sharp peak. It would be cool if it peaks on June 7th, after 4 full years, the day after...
Hello traders and fellow gamblers! So this is the promised compiled chart that has the magical Gann Square, Fib circles (I added one more) and updated Fib fan, as well as Fib retracements and extensions. Bearish scenario: Sooner or later we are going to bounce. If we bounce without breaking the giant triangle with thick orange line at its base, bulls have a...
Green circles are very good matches, orange ones all occur before major dumps and yellow is a nearby match Green is for Fib circle match and blue for Fib fan match Hello fellow gamblers and traders, As you can see in the above charts, the Fib circle matches several important historical points. The next circle is not very far away from us. Considering the...
Hello fellow gamblers! I just hit 300 followers. Thanks you for supporting me in my journey of learning TA. I am 90% away from my learning "target". So please don't take my ideas as trading advice. I am dividing my promised linear chart into at least two charts and a final compiled chart. My last chart seem to have been confusing for some, so this is the way I...
Hello fellow gamblers! ... insert 10 pages of bragging here ... Here comes my Illuminati Fib extension set that will predict the future with 1000% accuracy :D Back to business. This is a continuation of my previous bull trap fractal analysis. Now it's leveled up with Fib extensions. As you can see, we have been following 2014 bull trap with a good approximation...
Helloow fellow gamblers! I was looking at Fibs at a deeper level. The more I learn about them, the more obsessed I get with them. Now Fibs r my #1 trading tool. Most of u r already using Fib retracements. This chart shows that Fib extensions can also be very useful. I created them from Nov 8 2017 drop. Fib lines that did not control key levels r removed. This...
fellow gamblers! This chart shows that media is creating fake news as usual. Here is the link for the news www.marketwatch.com . In this article, they don't show how much price has dropped after the event. To exaggerate the event's effect, they also look at the post-event effect that you cannot measure objectively. I am here looking at the BTC price during the...
Hey gamblers! In my previous idea, I compared Bitcoin crash speed in 2018 against 2014. It was roughly 1.5x faster in 2018. I used this number to choose the time frame for doing fractal "analysis". The top chart is 2018 in 16h TF and the bottom chart is 2014 in 24h (1.5x16h). 2014 fractals are usually different from 2017-8. But in this case, they look "relatively"...
I am going to share my learning process with you in a series of educational posts (MUST not be used as trading advice). Your feedback would be valuable not only for me, but also everyone else who is following this. Let's call it crowd learning! ---- In the chart above I used regression trend. I don't know how often it is used by chartist, but I bet statistician...
If you read the previous comparison, you don't need to read this one. The Gann angle I drew in the previous one was incorrect. This is a simple comparison, not taking into account volume , RSI , MA, Ichi cloud or any other fancy indicator. The most distinguishing difference between the two periods are the two channels close to the down trend line . In 2014, a...