Felix000

#bitcoin bears need to break these dumb bull patterns Y/N

Felix000 Обновлено   
BITFINEX:BTCUSD   Биткоин
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Комментарий:
I'll be adding little extra observations as we move forward.
Комментарий:
17th January, 10th March, and 19th May are days when signal line went negative.

See how the last time when this happened how many new highs it made.

See how it developed into a Williams Fractal high. Will it repeat?

I have kept the above chart as basic as possible - like in the Histogram and the MACD I just marked verticals in yellow and dark blue the times it crossed zero.

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Комментарий:
The retrace for all was somewhere between a 9 and 13 MA. You may prefer to fiddle with those two MA's to make sure all retraces fit within rather than fall short or overshoot. Will it repeat?

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Комментарий:
Will revisit the two MA's above for adjustment when we see some higher highs.

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This could be a better than using two averages mentioned above.

Use Bollinger Bands. Do one Leaving out the basis and lower band, and try length 7 source High and STD Dev 0.001. Then do another leaving out the basis and higher band, and try length 7 source Low and STD Dev 0.001. At the moment looks a good fit. Will revisit when we see some higher highs. Will it repeat?

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Комментарий:
I was going to add a new observation but then thought what's the point because it's quite obvious anyway that the signal line is not yet below zero.

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Комментарий:
Green bar of 9th August Histogram rose but MACD didn't that's more like 13th May than 18th May?

Here's another observation that I'm working on. Try boxing all volatilities which had consecuitive days of lows ending with round numbers. Then join up all the consecuitive highs ending with round numbers. Initial findings look significant, but may need to be fed into machine learning software to confirm.

Anyway the interesting thing is that yesterday 9th August had both a round number high and a low. It will be interesting to see whether any consecutive round number low or high occurs today 10th August.

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Комментарий:
Copy of my latest post but you'll have to revert to the new published chart.

#bitcoin how to spot bull/bear exhaustion and manipulation Y/N

I've boxed up all the voatilities of all the consecutive lows ending with round numbers with purple boders and white background. I've joined up all the consecutive highs with round numbers using yellow lines. Hope there are no errors.

First thing you'll notice is that the market isn't so manipulated anymore hence fewer consecutive round number days - just my theory.

Next you'll notice that many of these blocks have usefull breakouts, and many signal market exhaustion at extreem highs or lows. Will it continue same?

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Комментарий:
In Far East trade looks like the signal line could end the day below zero and we could be looking into the weekend to make that Williams Fractal high.

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Комментарий:
Anybody comparing the first 17 days of August with first 17 days of December 2017 in reverse, or, with the first 14 days of September 2017. Unless price can reach a significant fractal high... watch out the next leg.

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