For the sake of the $1500 HNT/BTC experiment, I don't want Bitcoin to drop. But I really want to see the bars change color.
Thanks for this. Lots of valuable information here!
Matt I just love everything that is possible through code. Bitcoin is still struggling on the 10-min. I don't know if they are ready for the 30-min+ charts. This is usually when "Denial" sets in. It's all about looking for opportunities amongst assets that you don't mind being stuck with.
So much cleaner.
Going back to a little chaos where the Vwap drops down at the CBOE market open. The forced crossing patterns will trigger algos to buy. The percentages on the dow are hyper-conservative compared to crypto, so triggers are rare, but you can see the tiniest little blue bar at the bottom left
The typical "momentum play" starts with 3 green candles as confirmation of direction, but Williams Fractals kick in after 5 bars
Bill Williams describes the "underlying structure" that we have created.
"Correlations" to relavent stocks is key in measuring overall market trends. Michael Saylors strategies on MSTR are very interesting.
What they do is buy puts, sell OTM call options all the way down to collect premium, and then sell the physical stock.
To reverse it, they buys calls, sell out of the money puts and then use the free-premium to pump the stock.
When people refer to "Dollar Cost Averaging," it refers to a strategy of dividing up orders into smaller amounts so you don't experience massive amounts of drawdown with a yolo-buy. The 3-min ICX-ETH pair is a good example. We've already seen what kind of volatility is possible with this pair.
That was good!
Back again with some "Correlation Coefficients"
As long as Bitcoin is valued in the dollar, it wil have a direct correlation somewhere. Our "Blue Bars" are both acting as support and resistance on different timeframes of the DXY & BTC
We have some experimental bar colors on ICX. "PURPLE". It usually mixes in with the blue, near the bottom, but it's supposed to identify extreme support or resistance. Most strategies pick up the stop loss on the way down and it just adds to the chaos so be careful. It's better to sell small amounts into resistance and regret taking more profits, than freaking out on the way down. It also depends on the exchange liquidity. Currently having that issue with market selling into nothing because the other players know the game too. Just set small little limit orders right below the depth chart bots. Kaboom goes the Poptriggers.
Never seen this before
There is the same support on the DXY
I should NFT these and sell them to the Federal Reserve
Alexander this just made me laugh out loud XD.
It's funny until you realize the direct correlation of the DXY going up causes the crypto market to crash. As if it wasn't obvious by the stupid pump and dumps going on, but I can't get any good action on HNT/BTC.
Doing a lot a bit of hyper tuning on 3333 Evergrande with some new % based reversals. The old boomer triggers are getting buffed or booted.
It's very interesting to see how the "Baseline" of our strategy sync'd up exactly with the legendary #PURPLEGANG