The idea has worked three times in 2018. Don't ask me why. Currently the Bollinger Band is registering $6,884 for the next Williams Fractal high. I expect it will change in tandem with whatever the future price is as it approaches its target. Will the success of the idea repeat? Make sure the Bollinger remains within range of the previous three targets otherwise may need to adjust.
Here's how to construct it:
Bollinger Bands
Leave out basis and upper
Set to length 20; Source Low; and STD Dev 0.001
MACD is (6, 13, close, 31) to section off the zones.
NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. DO YOUR OWN RESEARCH. BEYOND T.A.
Here's how to construct it:
Bollinger Bands
Leave out basis and upper
Set to length 20; Source Low; and STD Dev 0.001
MACD is (6, 13, close, 31) to section off the zones.
NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. DO YOUR OWN RESEARCH. BEYOND T.A.
Note
Check out my updated post 18 August. You may find chart just shows a white blank picture with a black square and a white X. If you click it like normal it will take you to the current updated chart. Hopefully the problem will sort itself out, and have also alerted the Trading View technical teams.Note
COPYMy latest post 19 Aug : bitcoin bear trap - Is it too late to work/repeat Y/N
It now can't be ignored that this bear trap is beginning to look more like having only a 50% chance of repeating. The Williams fractal high target was missed - was too low, and opened up potential for a consecutive Williams fractal high after which could follow a bullish fractal low. I've boxed volatility of key Williams fractal highs in green with yellow borders. Obviously, a breakout of the top could signal a break with previous patterns, and a break out below could signal a bear trap pattern continuation , or, formation of a bullish fractal low.
NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. DO YOUR OWN RESEARCH. BEYOND T.A.
Note
Copy:Check out my latest post: #bitcoin potential $8,644 - $8,309.1 if holds $6,008. new study.
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.
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.