I Have a Theory on Chronological TA (Technical Analysis)
For now, I'm going to say LONG on REPBTC and "try" to explain "why" as a "legitimate" Thinking Out Loud
I'm starting with Weekly TF to see Long Term Trend (LTT):
For starters, we have a Red Line that has entered into the LEFT side of a White Line .
Going to 5d TF (Time Frame - The amount of time in each candle - whether red or green - for new ones):
I'm starting with Weekly TF to see Long Term Trend (LTT):
For starters, we have a Red Line that has entered into the LEFT side of a White Line .
Going to 5d TF (Time Frame - The amount of time in each candle - whether red or green - for new ones):
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Sorry, THAT was 5d TF. The weekly indicator did not provide enough info for TA. Which see:
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3D TF: We still have Red Line entering into the LEFT SIDE of a White line that is GOING UP. This would indicate UP SIDE.
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The Two DAY (2d) TF has A white line and a Red Line approaching one another:
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Text Bubbles speak for themselves. Which see:
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The Daily:
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I have NOT moved where the tips of the text bubble points were located in the previous TA: I will move and add more accordingly in the next post of same TA:
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The above chart was 18h (18 hour) TF.
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All BLUE lines mark entry points. ALL PURPLE lines mark exit points...
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12h TF with NOTHING CHANGED from previous chart:
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Same 12h TF but with adjustments:
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8h TF with absolutely nothing changed:
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6h TF with absolutely nothing changed:
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4h with nothing changed:
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4h zoomed in to current:
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196m TF:
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154m TF:
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Keep in mind I have not edited one single line:
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REMEMBER:
When red line enters into the LEFT SIDE of a white line that is MOVING UP; this means the move is UP SIDE.
When red line is exiting out the RIGHT side of a white line that is MOVING DOWN; this means the move is DOWN SIDE.
When red line enters into the LEFT SIDE of a white line that is MOVING UP; this means the move is UP SIDE.
When red line is exiting out the RIGHT side of a white line that is MOVING DOWN; this means the move is DOWN SIDE.
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REPBTC will be going up some shortly:
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Red line entering left side of a white line that is moving up.
Meaning upside potential more than likely.
Meaning upside potential more than likely.
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Look at the 2h TF.. The red line is coming outside the right side of a white line moving down; indicating downside potential. However, the red line is still angled up and NOT down. So, the TREND is still up EVEN THOUGH we are currently going down a bit.
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4h TF: