Topic: Wouldn't it be nice... (the LazyWhale algorithm) - page 7. (Read 24722 times)
That's the beauty of long-term trading algorithms--the longer the term, the longer you won't know how useless they are
It would be nice of oda.krell to post a notice about the indicator flipping to red.
Don't worry, if that happens, I will. Signal still says BTC. Not exactly surprising considering that we are hovering around the price at which it flipped green in the first place.
It would be nice of oda.krell to post a notice about the indicator flipping to red.
Agree big retraces, but I think that's a sign of a bigger market. Those retraces don't look to be making lower lows. (IMHO) we shall indeed see. Happier to be weighted towards btc right now
...
The ones calling for a new lower low before a sustainable rise will see that low should it ever arrive as a signal that the bear market has not ended, and wait for a new lower low before a sustainable rise will..
The ones calling for a new lower low before a sustainable rise will see that low should it ever arrive as a signal that the bear market has not ended, and wait for a new lower low before a sustainable rise will..
Maybe, but that's not what they should be looking for, but seller exhaustion allowing support to hold after pumps.
So far, both the October and November pumps retraced too much for a new bull market, so it looks fishy.
i still feel comfortable. planets are all aligning.
the 'excitement' of the bear market is giving way to the boredom of sideways. the bears once they realise there is no more profit to be made shorting will return to their caves.
once the fear of bear market is gone, then all the people that have been wanting to buy will start to jump back in. instead FOMO will move this market.
the 'excitement' of the bear market is giving way to the boredom of sideways. the bears once they realise there is no more profit to be made shorting will return to their caves.
once the fear of bear market is gone, then all the people that have been wanting to buy will start to jump back in. instead FOMO will move this market.
Agreed. To me it looks like the time for panic is over, but the time for greed/FOMO isn't there yet, hence: sideways (but with a slight upwards bias).
Quite a few in this forum see it differently of course, with a new low being necessary before another sustainable rise can begin... Guess we'll know who was right in a few months.
The ones calling for a new lower low before a sustainable rise will see that low should it ever arrive as a signal that the bear market has not ended, and wait for a new lower low before a sustainable rise will..
But in principle that's possible of course (and I wouldn't call it repainting in that case), so maybe that's what sumantso had in mind? If the signal changes to a 'sell' again (at a loss compared to the previous buy target, obviously), he'd take that as confirmation not to buy?
You read my mind
I will have to wait for a few more days and then can put a part of my salary in
i still feel comfortable. planets are all aligning.
the 'excitement' of the bear market is giving way to the boredom of sideways. the bears once they realise there is no more profit to be made shorting will return to their caves.
once the fear of bear market is gone, then all the people that have been wanting to buy will start to jump back in. instead FOMO will move this market.
the 'excitement' of the bear market is giving way to the boredom of sideways. the bears once they realise there is no more profit to be made shorting will return to their caves.
once the fear of bear market is gone, then all the people that have been wanting to buy will start to jump back in. instead FOMO will move this market.
Agreed. To me it looks like the time for panic is over, but the time for greed/FOMO isn't there yet, hence: sideways (but with a slight upwards bias).
Quite a few in this forum see it differently of course, with a new low being necessary before another sustainable rise can begin... Guess we'll know who was right in a few months.
i still feel comfortable. planets are all aligning.
the 'excitement' of the bear market is giving way to the boredom of sideways. the bears once they realise there is no more profit to be made shorting will return to their caves.
once the fear of bear market is gone, then all the people that have been wanting to buy will start to jump back in. instead FOMO will move this market.
the 'excitement' of the bear market is giving way to the boredom of sideways. the bears once they realise there is no more profit to be made shorting will return to their caves.
once the fear of bear market is gone, then all the people that have been wanting to buy will start to jump back in. instead FOMO will move this market.
@sidhujag
Nope. No change in signal. Like I said earlier, price would have to drop substantially deeper (and remain there for some time), before a sell signal comes in.
But in principle that's possible of course (and I wouldn't call it repainting in that case), so maybe that's what sumantso had in mind? If the signal changes to a 'sell' again (at a loss compared to the previous buy target, obviously), he'd take that as confirmation not to buy?
Nope. No change in signal. Like I said earlier, price would have to drop substantially deeper (and remain there for some time), before a sell signal comes in.
But in principle that's possible of course (and I wouldn't call it repainting in that case), so maybe that's what sumantso had in mind? If the signal changes to a 'sell' again (at a loss compared to the previous buy target, obviously), he'd take that as confirmation not to buy?
What? Y would it give a new signal unless it changed to bear market again.? I thought it wasnt repainting?
First signal, that ends my hopes of sub $300 prices. I am going to wait for a few more days to try and catch any dips.
That worked out well
Being too greedy by half. Oh well, will wait for a pullback now.
Looks like you got your pullback... Still planning to buy in?
Will wait a bit to see if your magic box turns out a new signal. Weekend is here so I guess I should wait for a day or to two to see how it goes.
I know, I know, getting greedy again.
My current (bearish) interpretation of the results of the indicator during the bear market. If correct, it should turn red in about a month.
It shows good entry and exit points though.
It shows good entry and exit points though.
Possible. Not saying I find it likely, but possible.
Note that if my momentum signal comes in early enough during your hypothetical (5) - similar to where it came in (3) - it would still be profitable overall, and not a mistake to enter now.
But I guess we don't disagree on that point, just where we're heading in the longer term, i.e. on the question if we're going to make a new low sub-275 or not. I say 'probably not', you say 'probably yes'.
My current (bearish) interpretation of the results of the indicator during the bear market. If correct, it should turn red in about a month.
It shows good entry and exit points though.
It shows good entry and exit points though.
Still a buy signal? 
Personally, I'm fairly bullish, after this retrace (which might go a little bit lower).
Personally, I'm fairly bullish, after this retrace (which might go a little bit lower).
Of course
300 to 320 would be the region where it would flip again after a while, but everything so far is just noise when looked at from the trend scale of this signal.
Still a buy signal?
Personally, I'm fairly bullish, after this retrace (which might go a little bit lower).
Personally, I'm fairly bullish, after this retrace (which might go a little bit lower).
First signal, that ends my hopes of sub $300 prices. I am going to wait for a few more days to try and catch any dips.
That worked out well
Being too greedy by half. Oh well, will wait for a pullback now.
Looks like you got your pullback... Still planning to buy in?
Just like the usual interpretation of a failure to break daily MA20 is hugely bullish ("if the market is weak, it's actually strong")
Can you explain that please?Sarcasm?
I thought this might be a very sophisticated form of technical analysis. Just like the usual interpretation of a failure to break daily MA20 is hugely bullish ("if the market is weak, it's actually strong")
Can you explain that please?Sarcasm?
Just like the usual interpretation of a failure to break daily MA20 is hugely bullish ("if the market is weak, it's actually strong")
Can you explain that please? Jump to: