Noticing divergences between price action and accumulation/distribution that RSI may or may not show. Also this triangle converges much sooner than any that I have drawn on price action, so far. Maybe this means nothing... just making observations here... any thoughts?
alternate view of descending channel (unbreached) drawing top line (darker red) from August 2019 high instead of June 2019 high to today May 8, 2020 Thoughts?
alternate view of descending channel in RSI from August 2019 high, instead of June 2019 high to May 8, 2020 close
Fibonacci MAs, a few standard MAs, Fib. Retrace..., RSI channel being broken, VPVR etc. ... yes a bit busy but, hopefully of use to some.
Descending channel being broken etc. on weekly RSI, at CME close
More MA fun with Fibonacci sequence and 5H for yet another Fib Figure ;)
More fun with Fibonacci sequence as Simple Moving Averages
Interesting how this foresaw a bottom in the recent death-drop, on Coinbase chart, anyway... not that I would have trusted anything on that day. It is also notable to see how these work on lower time frames... 987 worked well on hourly the past few days... the larger numbers can serve almost as trendlines. Have fun and good luck trading to all.
Interesting how this foresaw a bottom in the recent death-drop, on Coinbase chart, anyway... not that I would have trusted anything on that day. It is also notable to see how these work on lower time frames... 987 worked well on hourly the past few days... the larger numbers can serve almost as trendlines . Have fun and good luck trading to all.
Playing with Fibonacci sequence and simple moving averages: It is also notable to see how these work on all time frames. 987 worked well on hourly the past few days... the larger numbers can serve almost as trend lines. I guess that the bigger numbers are mirroring the smaller ones from macro to micro. Have fun and good luck trading to all.
Interesting how this foresaw a bottom in the recent death-drop, on Coinbase chart, anyway... not that I would have trusted anything on that day. It is also notable to see how these work on lower time frames... 987 worked well on hourly the past few days... the larger numbers can serve almost as trendlines. Have fun and good luck trading to all.
perhaps this explains the lack of break-out volume, thus far
Do wicks necessarily count? I think they do, but should we draw trend lines or, even more questionably, conclusions from them.