Thanks for posting these with explanations, I enjoy seeing what all the users say about their charts.
6 Days to go till the 1/2ing.
Keep up the good work.
Topic: Globb0 BTC charts - page 13. (Read 6423 times)
There was the retest. So again a long signal? (with a sensible stop)
I am still only playing fantasy long and short to see if I am reading it right.
Top of the RSI.
But declining volume? didn't pick up from weekend on Monday.
Might squeeze up?
I am still only playing fantasy long and short to see if I am reading it right.
Top of the RSI.
But declining volume? didn't pick up from weekend on Monday.
Might squeeze up?
OK well learning exercise, I made a mistake.
Not waiting for the daily candle to close before deciding.
The signal disappeared a bit later.
Another lesson learned (reminded in fact) wait for the candle to be closed.
Now it did indeed close higher, so the signal is there.
Im getting confused doubting myself. But it wasn't wrong, just a bit eager.
Still squarely inside the range. It's a bull flag until proven otherwise, but the upside headfake last night means bears are still in the game. The Bollinger bands are really tight, so if either of these 4-hour pivots ($8,533 and $9,126) get broken now, we should have a significant breakout.
That is fair comment. I meant in only the last 5 or 6 bars relative.
Looking along the whole chart volume is normal or slightly above I suppose.
Looking along the whole chart volume is normal or slightly above I suppose.
But declining volume? didn't pick up from weekend on Monday.
I don't see declining volume in here. We have 2 huge bars from pump candle and stop rally candle (which is obvious, i would not expect them to be smaller than others) and then 4 similar bars and 1 that is not yet finished.
IMO 1h candles are better for analysing 5 day volume change:
There was the retest. So again a long signal? (with a sensible stop)
I am still only playing fantasy long and short to see if I am reading it right.
Top of the RSI.
But declining volume? didn't pick up from weekend on Monday.
Might squeeze up?
I am still only playing fantasy long and short to see if I am reading it right.
Top of the RSI.
But declining volume? didn't pick up from weekend on Monday.
Might squeeze up?
Daily BTC chart is this the retest? if reverses here I say up. Still above the support of the old channel
Looking at the hour you can see it skimming along the top of the channel too
3rd of may be with you
Still pushing on OK. Its the Weak end again for volume
Just do it Bitcoin!
Hourly is pipping along nicely.
Still pushing on OK. Its the Weak end again for volume
Just do it Bitcoin!
Hourly is pipping along nicely.
Allllllrighty then.
Daily, still stayed nice above my channel.
Is that a flagpole pattern? can be an indicator of going up the same again soon? I maybe missdrew it a bit too high looking at it now.
On the hourly, a tiny dip only into the old channel and only for a few seconds
I drew in the new support resistance
What exchange is that? Can't tell from the screenshot.
Binance futures. By the way if their volume is real they hit historical moment yesterday. 15 mld$ daily volume that is more than 50% higher than previous record.
Ah, I don't take their volume too seriously. CZ is the master of fake volume.
It makes sense they would have volume extremes anyway, since we saw epic volume on Coinbase too:
The dangerous thing about that? Look to the left at that October 2019 failure. Another example of a very high volume daily wick.
I'm very curious to see what the next few days brings. I'm neither long nor short, just waiting for another good setup.
What exchange is that? Can't tell from the screenshot.
Binance futures. By the way if their volume is real they hit historical moment yesterday. 15 mld$ daily volume that is more than 50% higher than previous record.
Looks like we close another candle above resistance. Is it the end of "re-tests" and the beggining of second wave to 10k+?
Happy morning to you all
Daily is solidly closed above the channel and it was an up signal.
Dropping in to extreme zoom,
There is a retest confirming the long position and then a reversal signal for go short
Not for me though margin is too risky.
Still I want to learn the signals and they are there this time.
Daily is solidly closed above the channel and it was an up signal.
Dropping in to extreme zoom,
There is a retest confirming the long position and then a reversal signal for go short
Not for me though margin is too risky.
Still I want to learn the signals and they are there this time.
Selling in May and leaving, this rule does not apply for this year, the halving is close and I am almost sure of an upward movement in the to $8,500 o $ 9,000.
We arrived $9,300
I remember from years back the BTC price rising on declining volume. Its not the be all and end all. Just another factor.
Nice price
Nice price
Well this volume might be a trap in data understanding. Just take a look:
Volume looks like its constant with average around red line.
Volume looks like its constant with average around red line.
What exchange is that? Can't tell from the screenshot.
There are only a couple handfuls of exchanges that actually have consistently real volume and determine price discovery. That volume profile looks pretty sketchy to me, different than the majors, which had more consistently declining volume over March and April followed by a spike today. This is Coinbase:
Anyway the point may not matter. Declining volume can indicate bear flag behavior, but it can also just indicate consolidation before breakout. Price action takes precedence.
Well this volume might be a trap in data understanding. Just take a look:
Volume looks like its constant with average around red line. But its volume evaluated in bitcoins. If you evaluate this volume in dollars (calculate something like purchasing volume) it looks like we have 350k bitcoins traded in 15.03 at price 5000$ (1 750 mln $) and now have 350k BTC traded at price 8000$ ( 2 800 mln $) so daily volume in $ is constantly increasing (+60% in 1.5 month - full recovery - impressive). To be honest i don't know why exchanges shows trading volume in BTC. Stock shows trading volume in $ not shares.
Volume looks like its constant with average around red line. But its volume evaluated in bitcoins. If you evaluate this volume in dollars (calculate something like purchasing volume) it looks like we have 350k bitcoins traded in 15.03 at price 5000$ (1 750 mln $) and now have 350k BTC traded at price 8000$ ( 2 800 mln $) so daily volume in $ is constantly increasing (+60% in 1.5 month - full recovery - impressive). To be honest i don't know why exchanges shows trading volume in BTC. Stock shows trading volume in $ not shares.
If we clear $8k, then this could be a bull run.
We have cleared it already, definitely we are heading on the next level guys.
T-minus 12 days before the halving....
Looking for the daily to close above the resistance for confirmation
And it does
What now? feeling a little retest and then maybe go for the up
Looking at the hourly great news the resistance seems to have turned to support.
This was spot on then, we haven't gone back into the support, moving up the channel
The bulls finally broke 7,800 today we are likely to test 8,000.
BTCullist
BTCullist
Here is todays news.
Nothing much to see on the daily. We are OK.
Nice run of green candles, where will we close today?
The hourly chart is looking noisy, but we are edging up.
Nothing much to see on the daily. We are OK.
Nice run of green candles, where will we close today?
The hourly chart is looking noisy, but we are edging up.
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