BitcoinLong
Bitcoin Weekly Chart and Niko Bakker's Phase Analysis
Bitcoin Weekly Chart and Niko Bakker's Phase Analysis - I learned about Niko Bakker and his Domino and Phase Analysis work from Brian Beamish's Level 2 Moving Averages Module. The idea is similar to other Moving Average Studies that combine various averages and look for them to cross to give us an overall idea of trend direction and market state. Keep in mind that indicators can be lagging in nature but there's usable information in them nonetheless.
In this chart we can see the relationships between the 8, 21, and 55 period Moving Averages and some similarities between now and past price action in bitcoin. Past performance we know doesn't guarantee future results but even if history doesn't repeat itself it very often does rhyme and we can use this to get an idea of overall trend. Add in some additional chart information like the higher lows in MACD as well as the volume and Willy oscillator info. Using this information to compliment other trade setups in one's trade plan accumulation starting in Dec of 2018 looks to be a good call as of this point.
In this chart we can see the relationships between the 8, 21, and 55 period Moving Averages and some similarities between now and past price action in bitcoin. Past performance we know doesn't guarantee future results but even if history doesn't repeat itself it very often does rhyme and we can use this to get an idea of overall trend. Add in some additional chart information like the higher lows in MACD as well as the volume and Willy oscillator info. Using this information to compliment other trade setups in one's trade plan accumulation starting in Dec of 2018 looks to be a good call as of this point.
All the best. #PMAFTW
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Learn: therationalinvestor.com/?discount=Fok7MHYJDi5JHvZD6A4MHej
Connect: linkedin.com/in/thejoshuamcg/
Support via BTC: 38fNVWomAePgeoMCBfeJmdivbdk14LZQNx
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