My first go using VIX the fear index as bitcoin thrives on fear. The key is the Williams Fractal. For each confirmed fractal top I marked with a red vertical if the VIX went negative, and green the reverse. I then looked for support and resistance patterns. White horizontals are my current levels of interest in this first study. NOT ADVICE DYOR
Here is the study in reverse doing it with fractal lows
Here is the study in reverse doing it with fractal lows
Note
Update: Notes on chartNote
Price may not have closed yet below my orange support lines of $3832 & $3714 but for now the bullish trend line is looking dangerously broken. Worst month for these signals since DEC 2017 was OCT 2018 got whipsaw (see previous charts for construction). Not Advice. DYOR Note
So many bear signals. Bulls struggling. See chart. For signal construction see previous posts. Not Advice. DYORNote
#bitcoin SELL SELL SELL MAYBE. Check yourself. Construction mark all consecutive Williams Fractal highs both must show MACD Histogram in green >0 boxed yellow. When next flip red 0< box with purple to the low. Then with stats work out your strategy. NOT ADVICE. DYOR.
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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.