Hey, if anything it highlights what I hope will happen with this one.
Looks like there's a decent setup developing on BTC here. Mechanical Long trade based of an ABC impulse shooting for a D target near the 1 line. Take a look at Rick Ackerman's stuff!
An idea. XABCD pattern not really holding weight. Just thought I'd throw it on their to get the numbers. Long near the .114 for the mech long to play.
Well, I through it on there. As I expect USDCHF to breakdown here, been waiting on this short. We'll see. Using LazyDugong's 2nd Indicator! Hit him up!
Hidden Pivot looks to have us in a long here. Dugong with his TTM and god mode in that wonderful indicator down there is showing us some confirmation of the price action idea's I have for the weekly. This is long term, and FX so... you know. Don't be surprised. But I like the strength.
Shorts and Longs compared, on chart. Visible Range Volume with POC TTM_Squeeze with ADX. Goood stuff
COINBASE:BTCUSD Used Coinbase due to me trading on Deribit.
So, I like MCF. Good ol' t3mpoz at Crypto Traders TV just was looking at it. Thanks to him, I think I have me a trade. .25 is entry, well a little below, a little below 0 stop, 1 is final target to let rest ride in profit. Mechanical setups and the hidden pivot method developed by Rick Ackerman have changed my trading my friends.
I like it. The Squeeze looks well, mech entry tight.
I just realized I forgot to push back to at the least the 4 hour with this comparison. Still on the One Hour you can see the interesting corrolations. I will be loading side by sides and comparing my indicator down there.
I really like comparing longs/shorts like this. It's always good to go to bar/candle as well. But this is pretty... I think! @harte_scout
Recently people have been telling me they are using BTC price action as an indicator for ETHUSD on bitmex... let's test it out!
So I was told ETH reacts to BTC with just enough lag to trade based soley off BTC price action. Is this true? Well, I just watched. Maybe...?
Recently was brought to my attention there is an easier way to do this! Thought you'd want to take a look anyway. I'm still bullish locally till we break a couple levels I need to see. BITFINEX:BTCUSDLONGS BITFINEX:BTCUSDSHORTS BITMEX:XBTUSD
6 Hour is squeezing hard as well. Take a look at the TTM Squeeze I have down there with money flow index and RSI. I really like those combined for a good idea. Always use indicators last! I'm short for now, but watch that weekly Dopji! Could be amazing for Longs... Long story short my dudes... BTC is doing BTC things! Set them Stops tight!
Looks like we are attempting higher highs. Threw a mech fib on their to see how it lines up. Eh, it's alright. Keep in mind this is on the 15... so not as reliable as those higher time frames for the long term... Lets see what happens. Flat right now.
Mech playing out. I'm looking short now for another bounce and test around 72.