I thought price may have made it down to the demand zone, but price actually turned right at the pivot point.
Wow, I didn't know supply and demand actually worked this well. There's a few speed bumps to watch out for, but the strategy is solid. Thanks Simon Kloot for the class on Udemy. Was worth every penny.
Has Bitcoin hit it's ultimate bottom? We don't know for sure. There is an Ascending triangle forming as it reaches the 50 day moving average on the 1 hour chart. This is a good sign.
This Bitcoin Head and Shoulders may mean that the price goes lower. Typically when the right shoulder is lower than the left shoulder, it's an indication that price action will trend downwards. Bitcoin may not be done it's correction, but buying in at the right place while it's low could mean some nice returns for the future. Keep watching.
Our EMA (the blue line) is a great support and resistance line for an uptrend or downtrend in price action. We can use this to our advantage. After a bit of studying the price action, I found that during down trending price action, if one of the red candles deviates from our EMA by around $1000, it is almost always likely to jump back to the EMA. I indicate...
I've found a trend line that Bitcoin seems that it's adhering to (for now). I'm looking to buy at the bottom of red candles. Merry Christmas everyone!
Guys, it's really as easy as 123 . I've finally cracked it. Let me explain. First off, add 3 indicators to your chart: CM_Ultimate_MA_MTF (Green/Red line) Moving Average Exponential (EMA 9, close) SMMA (7, close) I've labeled on the chart what you need to look out for. It's 3 things. 1. Candles clearly cross the UMA in either direction. 2. Purple...
As a followup to my last post , this is another way to see if you're catching Bitcoin in a swing. If the price is way above the Bollinger Bands , it's an indicator that you may want to sell, and buy it back at a lower price. Way below? This is a good indication that you may want to buy. Combine this with the CM_Williams_VIx_Fix_V3_Ultimate_Filtered_Alerts...
Bitcoin continues to amaze people around the world, and it will most likely continue to see upward gains for some time. We can use this to our advantage, while taking advantage of some of the wild swings that it does on a weekly basis. First the strategy, then the indicators. Strategy: In order to hold our Bitcoin but still day trade it, we need to sell...
I have developed a trading system for myself that lets me know if a buy is good, or average so I can manage my risk. I have ranked what I believe to be the most important technical indicators in addition to signals form the Ichimoku Cloud. A top score would be if it adds up to 35 - 46. You can play around with changing some of the numbers if the validity doesn't...
I have developed a trading system for myself that lets me know if a buy is good, or average so I can manage my risk. I have ranked what I believe to be the most important technical indicators in addition to signals form the Ichimoku Cloud. A top score would be if it adds up to 35 - 46. You can play around with changing some of the numbers if the validity doesn't...
E Sticking to the 1 hour ETH chart and using the Ultimate Moving Average by ChrisMoody, you can buy into ETH whenever it clearly crosses the green line (indicated by purple arrows) Again and again, we see that for the next few hours it will trend up. I went back pretty far and this pattern seems to hold steady. I haven't really worked out a method on...