In this post I will demonstrate one of the techniques that you may use to filter unnecessary noise from the chart. For that purpose we will use Three Line Break charting (invented in Japan) along with a Japanese trend indicator Ichimoku Kinko Hyo. Line break charts were developed in Japan and popularized here by Jewish American author Steve Nison (the man who...
Update to previous post 31st January 2020. NOT ADVICE. DYOR.
NOT ADVICE DYOR
First mark matching crosses then switch to line break chart. Room for one mistake only i.e. whipsaw. NOT ADVICE. DYOR.
Caveat - small sample & line break chart. NOT ADVICE. DYOR.
Using USDCNY (Caveat- LINE BREAK CHART & small sample size) See what happens when MACD signal line drops into negative territory. Significant support line for bitcoin price. See Oil and Gold price effect on support line. Will coronavirus shut down bitcoin mining in China? What will happen when Chinese market reopen. Is bitcoin about to explode? Bahhhhhh...........
Using Line Break charts. NOT ADVICE. DYOR. Plus one converted to Kagi Chart
Seeking key to manufacturing a sustained bullish move using Line Break Chart and MACD. NOT ADVICE. DYOR.