A head and shoulders pattern is a chart formation that resembles a baseline with three peaks, the outside two are close in height and the middle is highest. In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal. A head and shoulders pattern is comprised of three component...
Let's make this post for discussion and sharing your ideas, thoughts, and experience if you have, how to get financial independence from trading. Please, be active and take part in the discussion. Several days ago I posted polls in my social media to see, what do you think about financial independence. The main question was: "Would you like to get financial...
#bitcoin using Custom MACD (6,13, close, 31) see blue columns above & pattern only 2 occasions this year. So trend line holding up but in absence of my other signals I got to go with the 31 Dec close which ended lower than 30 Dec open Not Advice DYOR
Using studies of Wiliams Fractal and my custom MACD (6,13, Close, 31) colour marking moves of all its constituents for clues. Not Advice. DYOR. Biggest threat to bitcoin in January could be e.g. "CBOE Ten Year Treasury Note Yield" (TNX) complex. Big moves have affected bitcoin at significant junctures in the past. If its volatility can be contained sufficiently...
The Gann fan can be a powerful tool, here is a super simple introduction on how to use it. Use the angle tool to draw a 45 degree angle, ideally from a local low to a local top or visa versa, go to your chart settings and lock the price/bar ratio so that when you zoom in and out the aspect ratio stays the same and so to does the 45 degree angle. Draw the GANN...
Small sample study Williams Fractals (Consecutive fractal lows = Orange box) using custom MACD (6,13, Close, 31) Log Format. Sample picked where no breach of consecutive fractal lows followed by - White verticals = blue MACD flips up; Purple box = orange signal flips up; Yellow box = blue MACD flips down. If White horizontal break then bull over maybe. NOT ADVICE....
This is an untouched glance at what I look at from time to time, and today on the darkest day of the year I'm going to talk about confluence. Confluence is just when a series of factors align, and in the TA world it's just when your personal suite of indicators and signals aligns with your strategy. In this 1h timeframe slice of the 'blue chip' of the crypto...
Sorry for pooperino sounderino :( If you put $1000 in Bit-con 1 year ago you would now have 170$ :) Happy anniversary ATH Bitcoin ponzi. How normal markets behave: How a ponzi behaves: So unlike normal markets here we have: * Negative sum (FX null sum stocks positive sum) * The whole system depends on miners which either: A) Get paid in crypto for...
A few days ago i said i would make an educational analysis about that pattern i saw a few days, something i have seen many MANY times this year. Especially since May until September this year. What do we see here: After breakouts like we had a few days, where we see a squeeze up happen within 1 or 2 minutes, then we see a dump happen just as fast and usually...
....... if blockchain will keep getting those eliptical moves in long term , we can see a final last down move so the story can move to higher targets. Just saying .. if Bitcoin will keep in this eliptical pattern in up overall , we could see some very highs in 2020 when this next spike coincide with bitcoin next halving reward year ... PS : Expect for a quick...
Study MACD 2018 (Only when signal lines < zero) Mark: all 1st 3 pinks in Histo white; all 1st dys up in Signal Line brown; all 1st dys up & down in MACD blue Take 1st brown vertical after white & box volatility between candle before & after in orange Close breakout can signal trend or near end Not advice DYOR. Could try and refine using MACD blue verticals and...
Enclosed is an update of another study/post, also Monday 17 Dec is one year on from peak in 2017 so I've enclosed some charts of previous years for comparison
Mon 17 Dec 2018 is one year since bitcoin peak 17 Dec 2017. Not a single media reporter or journalist appears to have referred to it in media yet. No analyst or analysis available yet. Is that good or bad news? Bullish or bearish. A good or bad time to buy? Three simple charts showing what happened in previous years from high Dec 2013
If you already understand how this works, skip through to the scripting for a deeper look into the in-script back-tester. Enjoy the video and don't forget to like!
Just an idea, want to see if it'll be accurate at all. Comes from this page: thepatternsite.com * I used to use Bulkowski's site as a reference for chart patterns, I guess this could be a good test for his descending triangle calculation. I think he claims to base the percentages on statistical analysis of historical chart patterns. I never really use them...
As promised i would explain my view on why i assumed today's bear flag was NOT a Bart move. There is more to is than just these 2 moves, the bigger picture also plays a part, but i won't get into those details because it would make things too complicated. 1: The spread between high and low 2: A drop and quick move above the previous high 3: Difference in...
Construction: Only used signal line in Histogram format. The last time confirmed low was shortly after price hit bottom the signal line dropped into the box (light blue) which is the gap between the last lower low in the signal line. Note that I've picked lower lows in the signal line which did not return above zero in between NOTE: The low in this example of...
Just a example to show how gaps in the Volume Profile caused during fast falls or rises in price are filled at a later date. The gap between 4200 down to 3800 during the drop on 24th November was filled just over 24 hours later. The left window shows the volume profile prior to the drop and up to the bottom of the drop. The right window shows the volume profile...