Battleplaning: Bitcoin just printed a massive buy signal
The Volatility stop is a very simple way to track areas of support and resistance and when combined with the Multiple Time frame VSTOP we get some indicators taht do some autocharting for us. Throw on some simple moving averages to help with timing trades with retests and I have hopefully developed a system that will help me time my entries on leveraged trades for this next uptrend/bull market.
The pluses on the chart are the normal timeframe VSTOP and they show our basic support and resistance. I have made the green bullish VSTOP just a big bigger than the red bearish VSTOP to highlight support
The MTF is shown in blue or pink lines. When it gets hit by price and the candle closes above it it fades the line. It isn't until a candle is completely above the MTF VSTOP that a bearish VSTOP will flip to bullish. These first touches are shown with the red triangles. The flip in bias is shown the black circle within the VSTOP.
The key point of this post is the weekly VSTOP just turned bullish. The monthly VSTOP flipped in the beginning of the month on the BLX ticker but as we were under the weekly VSTOP breaishly it would be more likely that you would get stopped out of a position. With this alignment BTC is now bullish on the 1D,1W, and 1M timeframe. This makes playing with margin a lot more tenable. It is also comforting to see a potential rising channel coming out of this ascending triangle, which was a very strong right shoulder on a inverse head and shoulders... one bullish formation after another. My linked post is about the a mutli time frame analysis on the VSTOP and BTCUSD and I waited until very recently to put my position on, itching for things to get lined up.
What we are also looking for over the next couple of months is for price action to retest a significant horizontal level. Last time it was a long wick candle that set up long term consolidation and a resistance that we would operate under for over a year. That is $490 set by the black ray and green and red arrows. The level that I suggest we need to retest in a few months, and to steady investors hands, is of course detailed in orange at 13.8K. That is shown on the main chart.
I have entered a position for the breakout of the orange horizontal level at the base of this rising channel. The plan is for me to trail stops up on a lower timeframes. with my gains I'll use the USD to buy the dips around the 20w and trail buystop down on lower timeframes to get taken in with my leveraged XBTUSD trades. I'll look to close any positions against the MFT VSTOP when things flip.
My bias will change from bullish to bearish when the the 20w and the MTF VSTOP are both above price action. If you see me posting about sorting before then slap me. I will probably go long into an altcoins opposed to shorting BTC.
The pluses on the chart are the normal timeframe VSTOP and they show our basic support and resistance. I have made the green bullish VSTOP just a big bigger than the red bearish VSTOP to highlight support
The MTF is shown in blue or pink lines. When it gets hit by price and the candle closes above it it fades the line. It isn't until a candle is completely above the MTF VSTOP that a bearish VSTOP will flip to bullish. These first touches are shown with the red triangles. The flip in bias is shown the black circle within the VSTOP.
The key point of this post is the weekly VSTOP just turned bullish. The monthly VSTOP flipped in the beginning of the month on the BLX ticker but as we were under the weekly VSTOP breaishly it would be more likely that you would get stopped out of a position. With this alignment BTC is now bullish on the 1D,1W, and 1M timeframe. This makes playing with margin a lot more tenable. It is also comforting to see a potential rising channel coming out of this ascending triangle, which was a very strong right shoulder on a inverse head and shoulders... one bullish formation after another. My linked post is about the a mutli time frame analysis on the VSTOP and BTCUSD and I waited until very recently to put my position on, itching for things to get lined up.
What we are also looking for over the next couple of months is for price action to retest a significant horizontal level. Last time it was a long wick candle that set up long term consolidation and a resistance that we would operate under for over a year. That is $490 set by the black ray and green and red arrows. The level that I suggest we need to retest in a few months, and to steady investors hands, is of course detailed in orange at 13.8K. That is shown on the main chart.
I have entered a position for the breakout of the orange horizontal level at the base of this rising channel. The plan is for me to trail stops up on a lower timeframes. with my gains I'll use the USD to buy the dips around the 20w and trail buystop down on lower timeframes to get taken in with my leveraged XBTUSD trades. I'll look to close any positions against the MFT VSTOP when things flip.
My bias will change from bullish to bearish when the the 20w and the MTF VSTOP are both above price action. If you see me posting about sorting before then slap me. I will probably go long into an altcoins opposed to shorting BTC.
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