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Bitcointrading

#bitcoin do these 10 indicators tell us something 2018 vs 2014Study of 200 MA updated to include a variety of indicators with default settings multiplied by 30 (30 days average in month). Maybe next bull run will work on a different multiple and those using 30 will be too late to catch it. Cannot predict outcomes, but can sure tell us something's odd/different about today. Each chart has an extra indicator added to the live chart at the top of the thread and with the 200 MA removed. Each extra indicator has had default settings multiplied by 30 and some are in log format. Have also used zoom in feature on some to help make easier visual comparison.
BITFINEX:BTCUSDEducation
by Felix000
#bitcoin this price and volume confirm a bull trap maybeTHIS POST CORRECTS AN EARLIER POST WITH PRINT ERROR WHICH STATED BEAR TRAP IN HEADLLINE INSTEAD OF BULL TRAP New updated study. Volume oscillator set to log scale did not confirm bull set up - following breakout of yellow boxed area (see previous posts for construction) This price and volume move could be key to confirming bull trap maybe. See comparison with confirmation beginning of February see charts below THIS POST CORRECTS AN EARLIER POST WITH PRINT ERROR WHICH STATED BEAR TRAP IN HEADLLINE INSTEAD OF BULL TRAP Hope somebody noticed and evident from evidence illustrated for comparison, and notes on chart i.e. "Volume oscillator set to log scale did not confirm bull set up"
BITFINEX:BTCUSDEducation
by Felix000
2
#bitcoin BULL TRAP study using consecutive fractal lowsOnly done this study of BULL TRAPS and consecutive fractal lows for 2018. I may do another study going back further. WARNING TRAPS DON'T ALWAYS FOLLOW CONSECUTIVE FRACTAL HIGHS AND LOWS THEREFORE COULD JUST HEAD STRAIGHT UP OR DOWN Here's what you do. From the last consecutive fractal low do a yellow arrow to the next consecutive fractal low. Then shade volatility in yellow. Then shade in blue or grey where the price went subsequently. and you get a chart looking like the one I've published. More than one way to trade the information no matter which way the market goes. Custom lower Bollinger Band could be helpful in catching peak of bull trap maybe (set to BB Length 20, Source low, Std Dev 0.001) could use something else whichever your preference. Chart below shows a couple of examples without traps
BITFINEX:BTCUSDEducation
by Felix000
#bitcoin bulls "to the moon" maybe & here is some reasoningNew study using my custom signals. See previous posts for construction. What first struck me with my latest signal was that both days had opposing fractals. Only happened one other time this year. You can check the match for yourselves. This time the patterns appear to be forming in reverse - a signal to get ready to take a long position maybe. More then one way to trade these signals (in combination with others maybe), but you got to work it out for yourselves. Bitcoin price has recently been defying gravity and that is probably why volume so low. The retail side has been snuffed out. This suggests to me that its industry insiders what's propping it up. Reason: with many new industry competitors and fixes due to come on stream over the next 12 months could it be that bitcoin has now become too valuable a "bell wether" to let fall below key support levels? Will see. Next week is bitcoin anniversary, what a party it could be, and more if Global markets rebound.
BITFINEX:BTCUSDEducation
by Felix000
#bitcoin bulls warning stockmarket danger !!!One on my key signals which I've been following all year was confirmed at yesterdays close. Biggest imminent danger is from another fall in stockmarket (could be short and quick). I've included S & P 500 chart. You can wait for the break out of the box but my guess is that if the stockmarket goes down it will take all crypto with it. To find out how to construct my signals boxed in yellow check out my other postings. There's more than one way to trade them.
BITFINEX:BTCUSDEducation
by Felix000
#bitcoin another (new) bull argument/chart for bullsUpdate (advanced study) - see previous posts or thread for more info. Note if some indicators look different to yours it could be that I've converted them to log scale, and customised. Here's how I picked the vertical bars above. Picked all the fractal highs with pivot points which also corresponded with same colour Aroon at 100 (see chart with Aroon below). I then took the volatility of those days and extended it by three days to form a pink box. In the above chart note that green boxed areas correspond with MACD indicator where fat green line rises and then blue histogram bars start appearing - all like the pattern now. See previous posts for charts/arguments of what could be bearish instead. Here's how I picked the vertical bars above. Here's previous study (zoomed out) using standard MACD.
BITFINEX:BTCUSDEducation
by Felix000
#crypto #bitcoin bull bear using Aroon (Experimental)Bull pushing higher and WOW if they can only break new highs would be fantastic. Here's a worry but bear in mind that it's only experimental. If all patterns are just consolidation areas in a much larger picture then at some point all patterns break up - break out of a box. This study is not intended to supersede any previous study. Bitcoin still looks 50/50 ew and currently with a bullish bias. Needs to break into new highs for loads of reasons as everything else appears to be pointing down.
BITFINEX:BTCUSDEducation
by Felix000
2
#bitcoin ready for next leg down. What do you think ?Didn't have to produce this prediction but thought just for fun. Taking a guess on timing when leg down may end, and that we've seen high. Also took volatility of the 14th September as 23.6% key to the next Fib downturn. Added some more Fibs too using a different measure. If it's going to try for a second fractal high will it reach bull territory instead ? Are we going down or up ? For those not familiar with Trading View drag scales on side to move chart around.
BITFINEX:BTCUSDEducation
by Felix000
#bitcoin what Billionaire bulls need right nowThis is the longest it's ever taken from a red vertical to form a fractal high or low in recent times. Is it because market getting ready for a different kind of drop or is something changing that again is going to change the pattern of recent times. It happened already once on 15th August when fractal high mist its target of the light blue Bollinger Band setting up an opportunity for bulls. A break in pattern would occur if price crosses 50% retrace at $6,774.4 and $6,731.3 which is the high of the yellow vertical bar. An Aroon brown bar would be helpful too. Note: this is the second day above the high formed on the day with the red vertical bar. In recent times has not spent a day higher when going down.
BITFINEX:BTCUSDEducation
by Felix000
#bitcoin bear trap update can bulls outsmart bears this time Y/NThis is a bear trap update. I've added volatility boxes of relevant consecutive fractal lows. I left out the one from 1 April to 6 April as timewise it did not appear relevant to my study at this point in time. As mentioned in my previous post, the idea has worked three times in 2018. Don't ask me why. Currently the Bollinger Band is registering circa $6,716 down from $6,884 yesterday for the next Williams Fractal high - will it happen? On 20 January price overshot by $67, 12 March by $126, and 21 May by $15. I expect the current circa $6,716 will change in tandem with whatever the future price is as it approaches its (P x T) target. Will the success of the idea repeat? 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, and I've only shown the signal line. I've left out the Histogram and MACD parts. NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. DO YOUR OWN RESEARCH. BEYOND T.A.
BITFINEX:BTCUSDEducation
by Felix000
#bitcoin potential $8,644 - $8,309.1 if holds $6,008. new study.Unorthodox analysis. Here's how it works. For the signal line mark all days goes above zero in green and below zero in red. When above zero days reversing up in tan and down in yellow. When below zero days reversing up in light blue and down in purple. Next for each coloured vertical on the chart mark out the first Williams fractal volatility box to the day before the next coloured vertical. Next where price rises out of the box no whipsaw box is green. Where price falls out of the box no whipsaw box is red. Where price falls first then rises (Whipsaw) then light blue. Where price rises first then falls (Whipsaw) then purple. Will bitcoin's next move be like that from 10th February 2018, and will it get to the red box marked out from 21 May? The only difference appears to be the coloured vertical this time is red and 21 May was light blue. Could that wreck the potential? If market breaks 11 August Williams fractal low $6,008.1 then potential upside move is cancelled and market could be heading lower. Notice how that of 25 April and 20 July failed. The difference maybe being they started with a green vertical line. The move was also cancelled on those two occasions when price dropped out of the box after the next coloured vertical. Don't ask me why study findings appear to look like could be used to develop a profitable trading strategy. Note: For those who are not familiar with Trading View the chart above can be dragged backwards and forwards to view more. Here's how to construct chart as mentioned in my last post: Bollinger Bands Leave out basis and upper Set to length 20; Source Low; and STD Dev 0.001 MACD is (6, 13, close, 31) and I've only shown the signal line. I've left out the Histogram and MACD parts. NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. DO YOUR OWN RESEARCH. MACHINE LEARNER FRIENDLY.
BITFINEX:BTCUSDEducation
by Felix000