UnknownUnicorn2181194
Here might be a clue. MACD study of two double tops.
Last 4 hour candlestick crossover is good enough for me and confirms one of my signal to cancel al other ideas. with a stop at $8150.
Based on the last dip to $6,000 and study of the MACD I'm looking for the averages to head down below the yellow lines which I've drawn for comparison. In the meantime I'll also be watching for the red bars stop making lower lows, and for the close of first green candle stick to take out the open of the last red Y/N.
I'm a Bitcoin. bull between $6,944-$6,724. This approx. is based on distance from the 20 bar MA currently $8,185 on previous drops i.e. $1,241 and $1,461 respectively in a 2 hour period (difference between = $220). As the 20 bar MA falls so will my price targets. Will be watching for other confirmations too. This is just a price target idea.
Here's why. Interesting signals on 2 hour chart. Would normally have me thinking to buy, however, although the lowest trough in the bars of MACD remained the lowest trough before crossover the correspoding candlestick above which made a low of $9,047 was later beaten by a candlestick bar with a lower low of $9,045 before the MACD crossover. Therefore I'm not...
Just thought to publish main signals (ideas) I've been tracking since February 9th, 2018. My usual way of studying MACD looking for a crossover down followed by a first trough in the bars which remains the lowest trough before the next crossover back up as a signal to track, looks still good. Have shown 9 since February 9th. Also I use Bollinger Bands (20,Close,...
Could divergence price and Stoch RSI be clue to next leg down ?
I've marked pattern in Stoch RSI. One pattern with blue arrows and the current developing pattern in with black arrows. I've also marked with a blue line on the price chart that just before last drop of $1,100 in 2 hours opening and closing prices were pretty range bound. The coloured dots and arrows in circles are a new study of mine which I have not included in...
Markets aren't supposed to work like this so if it takes out $9,700 I'm out.
Update of my previous published idea. 4 hour chart.
I would normally go long after spotting a square, but I'm waiting for an ABCD pattern like last time, and maybe a lower low. I could be wrong waiting for an ABCD . So I though I would publish anyway. Two hour chart.
I going short for Bitcoin to complete the leg like last time shown in chart. Could take some time yet. Just need to work out where to pace the stop.
SECOND COPY WITH MORE DETAIL - I have analysed the 4 hour Stoch RSI and MACD. My last idea was great, but Stoch RSI shape was a "W" not "M" hence market went down. I did not spot it. I have subsequently made an interesting pattern discovery with timing potential. I have marked areas in grey. In the first two grey areas the MACD bars had been making peaks and the...
I have analysed the 4 hour Stoch RSI and MACD. My last idea was great, but Stoch RSI shape was a "W" not "M" hence market went down. I did not spot it. I have subsequently made an interesting pattern discovery with timing potential. I have marked areas in grey. In the first two grey areas the MACD bars had been making peaks and the market going up. This time the...
MACD just completed a recognisable pattern
What to watch MACD pattern latest on the 4 hour chart. If the current trough remains the highest trough followed by a crossover on the MACD, I expect a move of thousands over the next week. The key bar is the bar with the lowest trough on the MACD. The bar had a high of 11239 and low of 11076. I believe a move up is underway. Worth a punt with stops around low. In...
Only the most recent pattern marked with spots MACD gives me optimism that's why I'm adding cautious on my 2 hour chart. Would have liked to have seen more confirmations in my search for patterns in my MACD. The four 4 chart was looking bullish but still needs to confirm the crossover and is close to doing so as I publish. In my pattern analysis of the 4 hour...
Green lines on my chart (not the very long ones) were trend lines on my Bollinger's taken from the 15 minute as I felt if anything was going to happen those lines would have to break to confirm. My Bollinger's are set 20, 3. Sometimes I will offset them as well because they capture the peaks, trough's, and break opportunities better. Still have to wait and see...