JamesBrown

JamesBrown

In this weekly chart of the S&P 500 Index denominated in gold (SPX/XAU), I’m observing a noticeable loss of momentum (relative to gold prices). This is evidenced by the decreasing gap between the 50 EMA (Exponential Moving Average) and the 130 EMA at the latest local high compared to the previous one. Additionally, there is a shift in the 'behavior' of these...

JamesBrown

In this chart, we capture ALL of Dow Jones' trade history (monthly candles), fit a traditional pitchfork to it, add in the most recent/ relevant "upper-bound" (resistance line that is parallel to the pitchfork, and has not been breached for several decades going, marking a potential technical level that could lead to a future, major pivot in price) - the thick...

JamesBrown Updated 

The rules are: 1.) for XAB, B must retrace (downward for bullish cyphers) between 0.382 (38.2%) and 0.618 (61.8%) of XA. 2.) for ABC, C must retrace (upward for bullish cyphers) between 1.13 (113%) and 1.41 (141%) of AB. 3.) for BCD, D must retrace (downward for bullish cyphers) between 1.272 (127.2%) and 2.0 (200%) of CB, and also 0.786 (78.6%) of XA. 4.) D...

JamesBrown

We see a convergence of support happening around $41K between the 200 day SMA, the local high (LH), AB = CD on the last two corrective waves, and the 38.2% retracement between ATH and the cycle bottom (CB) from the "virus correction". Could be a decent spot to take a swing position, or even to load up with a longer-term outlook :)

JamesBrown

Read the title for all you need to know. Thanks for reading the instructions. Have a good day :)

JamesBrown

See title for all the details that you need. Thanks for reading the instructions. Have a good day :)

JamesBrown

Look at title, more than sufficient, in and of itself. Thank you for taking the time to read instructions. Have a good day :)

JamesBrown Updated 

Read em an weep stonk boyz! There is a true 69 on 420, and 13 more ta boot!

JamesBrown

This is more of an "outside of the box" kind of perspective on when the top might come in and when (and around what price) the new "bottom floor" (base support - the price that price won't be able to trade below, with perhaps the exception of a quick weekly wick or two) comes in, after this new bull market cycle top is printed. What I show on the chart is the...

JamesBrown Updated 

I have a few notable things to share, here: 1.) BTC outperformed the S&P 500 by six point nine times (!) between 4/20/15, when I first started trading BTC, and 12/11/17 - that's a 6.9X out-performance of the index in just over two and a half years. Crazy! 2.) BTC is still outperforming the S&P 500 index by about 2.8X, from that same date (4/20/15)! This means...

JamesBrown

I was playing around with pitchforks on the weekly timeframe for SPY and noticed that the uptrend slope (as determined by the slope of the pitchfork median line) has consistently decreased: from 47 degrees in the "internet bubble" bull market of the 90's, to 33 degrees in the recovery (leading up to the 2007 financial crisis), to 28 degrees in this latest bull run...

JamesBrown

Playing around with the log chart, just trying to get some concept of where the price extremes are and where important lines (like ATH) converge. The last market cycle had bitcoin making its ATH seven weeks before the previous ATH converged with the bottom trend line. If the same thing were to happen this cycle, and the high comes in exactly on the top trend...

JamesBrown Updated 

Here, we have a look at the yearly (365 day) and quarterly (91 day) SMAs, which are black and red, respectively. Two bullish signals to note: 1.) We see a daily close above the yearly MA, which has, so far, been a fairly reliable indicator of when the next bull market might be starting. We see a series of about four consecutive closes above that line between...

JamesBrown Updated 

A tale of many price pivots between few lines.

JamesBrown

Price closing below the support zone (yellow rectangle) is already a fairly bearish sign. That said, it's a very bearish (short-term) sign if price re-tests the median line (red downward slopped line) of the smaller, down-trend, pitchfork that I drew on the chart. If that were to happen, a trade could be planned off of the correction to that median line test. ...

JamesBrown

Plot standard deviations (SD) 1, 2, 3, 4, 5, and 6 for the 50 SMA along with the 2 ATR and 3 ATR settings for the Supertrend (ST) indicator (found under "public" for indicators). The idea is to use the 2 ATR ST and MACD as filters to direction of trade and to take trades once price is above or below the 1 SD bollinger bands (the first band around the 50...

JamesBrown

With some careful back-testing (fitting), renko can help us to be on the right side of trades, acting as a useful filter for signals both on longer and shorter time-frames.

JamesBrown Updated 

This isn't a trade system that I've used, but one that I'm planning to experiment with after getting decent results with limited back-testing on only Bitcoin (thus, I'd probably only use it on Bitcoin, for the moment). Pretty simple rules, but it seems to be an effective profit-grabber with decent success rate. What do you think?