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lazytrade
16 Th04 2018 16:27

BTCUSD - 4H - Will it Shoulder Again, or Just Tank? Giá xuống

Bitcoin / U. S. DollarKraken

Mô tả

Interesting pattern on the 4H.. will there be a brief reversal this afternoon before night traders beat it up? Or have the day traders had enough hucking & hoping?

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Trying super hard to get a shoulder bump on the short charts, but keeps getting slapped by market sells.. these candle tails seem to imply it might not bump which might spell a quick fast fall and collapse of all the other coins struggling against resistance as well.

Short charts are fighting..but a losing battle. And the 4H indicators are all negative.

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Trying hard on the 1H

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I think we just had our bump.. if price passes 8200 then it will probably break the H&S pattern and shoot well up past the resistance....

However.. I think the shouldering attempt has ended early and we'll see the big slide I'm looking for before I reposition.. if it doesn't..then I should have closed out already.

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Reversal candle started on the 4H... but 3:45 left on it and 1H is hitting my MACD resistance... all other 1H indicators showing turning negative.. starting to see some slightly larger more tightly packed sells..popping some buy triggers.. crushing may be imminent.

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Cryptowat.ch is just about solid red right now and market cap has peaked just over 330B and coming down... *POOF*

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Ouch! If you can see the PSARS report below this... check out that change! Algorithms... you smart little things you.

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One more up bar on the 4 hour... or earlier to bed for sleepy H&S pattern?

Almost 8am.. Day traders buying time almost.. Should see the new downtrend spike this afternoon followed by the pile on of followers in the evening? :)

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Shoulder it is! NOW is time to stock up on tissues if you're long!
(was calling it a little early a few days ago..so u should have them by now :p)

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5 Billion USD wiped off the global market cap in the past 30 minutes!

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My new SAR & PSARS settings played this H&S perfectly .. retro-actively. Will see how it does on the next one!

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1D HA candle is a solid reversal as of 17:00 EST. I will sleep pretty well until at least Sunday. :)

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Seems the more sophisticated traders are not on HODL detail today.

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I am predicting a cliff dive in about 9 hours, so say.. between 10-11 am EST, 4/18/18. This will complete the 4H H&S and begin the next cycle.

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I am going to update that prediction to around 19:25 EST 4/18/18.

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Gann fan study of the H&S on the 4H.

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Just about truth time!

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Drop @ 10:45 or 14:45.

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Price action is still well below the 1D Ichimoku cloud.

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The great decider is undecided! Turning his head upward, but the PSARS report below still holds bad news.

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3 Time frame Head & Shoulders just sent the bull trap signal, buy now and sell after the moon shot! Then buy at the dip immediately after and HODL! TAKE PROFITS and end of pattern when the reversal candle pops!
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OBR
Love it!
Subodhj
Hey man, I use Hiken Ashi and MACD for scalping and changing the setting to 3, 28 improved the signals. Thanks man..

What are the other indicators you use? Are some of these propriety indicators? would love any tips to improve scalping signals.
lazytrade
@Subodhj, You're welcome.. check out Parabolic SAR Strategy indicator.. and SAR of course. PSARS just helps you be lazy once you figure out how SAR works. Should be great for scalping.. I'm trying to tweak it but it's not super responsive. I found it is a bit more predictive/profitable looking with a start of .03 and max of 2 for some reason. I'm going to try swing trading it on the 1 hour chart after I exit my current positions.

I also have:

SMA (tweaked to show pretty tight resistance/support)
EMA (same but opposite)
OBV (missing the nice signal line like Kraken charts has..will find it sooner or later)
MACD (tweaked as you noticed)
RSI (tweaked a bit on different time scales)
Price/OBV (kind of a quantum oscillator thing I am studying..it's intuitive-ish)
EMA-SMA+VOL (I'm loving this one..the bottom most)

These are all available from the TV indicators panel.

As for tips... the only one I have is...

Don't expect me to be right because I don't :D
Subodhj
@arthax0r, Thanks for the reply man. I am aware of SMA, EMA, MACD and RSI and how to use them, never used OBV but found it on TV but couldn't find Price/OBV and EMA-SMA+VOL on TV..

Do you have any advise on how do I filter weak signals while scalping on 5 min chart using Hiken Ashi and MACD..? Sometimes the trades are too small to to even put that time into it. Thanks again.
lazytrade
@Subodhj, Negative.. I got my ass handed to me back when I was doing that.. but that's because I had no clue what I was doing. :) Seems like trading that way would keep me a lot more busy and anxious than I prefer to be. :)

The others might be only available to pro level? Dunno.

My favorite indicator on Kraken charts became their OBV/Signal but I haven't figured out how to get the second line into my OBV chart here yet.
lazytrade
@Subodhj, You're welcome, btw.
lazytrade
@Subodhj, Try 2/7 w/signal smoothing 8 on the 1M and let me know what you think?
lazytrade
@Subodhj, I am digging the settings I recommended in my last comment and the price/obv indicator set to interval 3 for time frames under 30 mins. Might be magic :) I'm going to try scalping those settings when I get time.. I remember how much it seemed like a video game when I was doing it.. super fun. I figured I was bound to get it right eventually.. I did not. lol

Good luck!

lazytrade
@arthax0r, price/obv is the big phat quantum oscillator in the middle.
lazytrade
New bull target! Image attached.

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