BTCUSD | Violation
Classic price-based ribbons are commonly used.
Their inversion signifies a bear market, while their normalization a bull one.
They are unfortunately very laggy.
In markets, it is trends that change first and then prices.
Therefore, a trend-based ribbon can prove a highly responsive and clear way to visualize market cycles. This trend-based ribbon can be used as a price centerline and as an indicator of market trends.
With this trend-based ribbon, the famous 1970s stagflation and the 2000s stagnation is clearly discernible.
Applying this indicator to Bitcoin, we realize the following.
We are entering a period o stagnation for Bitcoin. Its trend-ribbon has began inverting.
This has happened in 2015 and 2022.
Also notice the broader Crypto problems.
P.S. PineCoders have banned dozens of my indicators for violating "House Rules" I don't know which rule in specific, because many of them were open-source. Some of you may have briefly seen some of them before their demise.
The protagonist indicator of this idea, called Trend-Based Ribbon, got banned yesterday.
This idea is posted after following some useful guidance from PineCoders. In this fashion, I can analyze a chart and talk about it with you, while at the same time showing you the reaction of my indicators. I thank them for the workaround.
Feel free to ask for a private copy by commenting below. I will get to you ASAP.
Individual, you are convicted of multi-anti-civil violations. Implicit citizenship revoked, status: malignant
P.S. Again...
I got sick of having all of my work banned. I have been developing these indicators for hundreds of hours, only to see them locked for no explanation.
(They can't ban an idea now, can they?)
Their inversion signifies a bear market, while their normalization a bull one.
They are unfortunately very laggy.
In markets, it is trends that change first and then prices.
Therefore, a trend-based ribbon can prove a highly responsive and clear way to visualize market cycles. This trend-based ribbon can be used as a price centerline and as an indicator of market trends.
With this trend-based ribbon, the famous 1970s stagflation and the 2000s stagnation is clearly discernible.
Applying this indicator to Bitcoin, we realize the following.
We are entering a period o stagnation for Bitcoin. Its trend-ribbon has began inverting.
This has happened in 2015 and 2022.
Also notice the broader Crypto problems.
P.S. PineCoders have banned dozens of my indicators for violating "House Rules" I don't know which rule in specific, because many of them were open-source. Some of you may have briefly seen some of them before their demise.
The protagonist indicator of this idea, called Trend-Based Ribbon, got banned yesterday.
This idea is posted after following some useful guidance from PineCoders. In this fashion, I can analyze a chart and talk about it with you, while at the same time showing you the reaction of my indicators. I thank them for the workaround.
Feel free to ask for a private copy by commenting below. I will get to you ASAP.
Individual, you are convicted of multi-anti-civil violations. Implicit citizenship revoked, status: malignant
P.S. Again...
I got sick of having all of my work banned. I have been developing these indicators for hundreds of hours, only to see them locked for no explanation.
(They can't ban an idea now, can they?)
Note
The offer will be applicable until 2024-09-30.Note
Talking about contraband...
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.