Jump to content

Epic Pennant on BTC Chart


 Share

Recommended Posts

On 5/31/2021 at 1:16 PM, MQB said:

BTC waking up but don't expect drastic upward movement. Not yet

You sold XRP at 0.90, now it's over $1, time for you smartbass to hop on and sell at $0.80 again?@xrp-nuke

1470586301_ScreenShot2021-05-31at07_07_59.thumb.png.472f690527ba3cd316be58cf1d33a5bc.png

 

43 minutes ago, MQB said:

Panic already? Good sign!

Oh boy! 

Link to comment
Share on other sites

Regarding using the Close Price of a period as an indicator's reference value...

You may have noticed in Trading Views settings on trend indicators they offer alternatives to the close price default. I think in general, the close price is the one most commonly used because one's TA would not be consistent with everyone else's TA, and put the deviant into question of being accurate (just a theory, lol).

I've also experimented with my back-testing scripts the efficacy of the alternatives, including one I wrote myself which calculates the average price in a period based on the weight of the trade volume. IMHO this method is the most representative, but it's not readily accessible to everyone AFAIK.

Link to comment
Share on other sites

9 hours ago, BillyOckham said:

I just had a look and it seems the 4hr are not synched to 2400.  Rather it goes to 2200 and then 0200.  Dunno why.  I expect that explains your differences.

I think you might just be seeing an artifact of charting... 
The rendering of a candle looks best having it centered at the period's tick-mark.

But if you watch the current candle, as it fluctuates with the passing seconds of live trading, you'll note that at the period's ending second, it will render with a width centered on that period's time-tick.

I can go into more detail if you are not following me...

Link to comment
Share on other sites

23 minutes ago, JASCoder said:

I think you might just be seeing an artifact of charting... 
The rendering of a candle looks best having it centered at the period's tick-mark.

But if you watch the current candle, as it fluctuates with the passing seconds of live trading, you'll note that at the period's ending second, it will render with a width centered on that period's time-tick.

I can go into more detail if you are not following me...

Ah yes I see what you mean.  Thanks for setting me straight.

I was just using trading view and touching the candle which gives a dotted line whose date and time info can be read down on the x axis.  And as you say, on a four hour candle it is dead centre,  so that means 2200 on the four hour candle ending at midnight.

So yeah thanks, I was wrong, the four hour ends sensibly at midnight.  :) 
 

Which leaves @Dario_o back where he started…. Noticing different close prices on different charts.  Tbh I’m thinking now he must be wrong about that.  Perhaps Dario you could point out a concrete example?

Link to comment
Share on other sites

Bitcoin death cross is approaching which will instill more fear into the market and shake more people out at which point the price will suddenly move up.

Not financial advice but this is what I'm predicting.

Edited by Moonraker
Link to comment
Share on other sites

7 hours ago, Baka said:

BTC and alts are looking damn weak 

It's going to be a sh*t summer for holders. Hopefully the anticipated and miraculous recovery is not the 2021 version of 2018's Chinese New Year... the similarities in mentality and behaviours are disconcerting even if the narrative itself has changed.

Link to comment
Share on other sites

52 minutes ago, Moonraker said:

Bitcoin death cross is approaching which will instill more fear into the market and shake more people out at which point the price will suddenly move up.

Not financial advice but this is what I'm predicting.

And than down, and down, and down, down, a bit more down, just down, all the way down...

Link to comment
Share on other sites

9 hours ago, RandyMarsh said:

You think bitcoin is going to zero? Or are you just typing words. 

I think that:

a.) We see 25-27k before after todays deat cross

Or

b.) We see another yet bounce from  30k and slow recovery towards outumn/winter

Alts gonna suffer, they already do.

Usually daily death cross is followed by a bit more down, and than starts slowily moving up towards golden cross.

 

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share


×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.