Was curious what happened the last time both the one day stochastic and moving average was around these same levels.
Parameters: stochastic < 1, Moving average < 3, downward parallel standard (ie no hard impulse moves).
On bitfinex going back 2 years, theres around ~18 points this has occurred
Of these
18 of them had 5 day of selling with increased momentum.
16 of them closed a rejection style bottom wick.
14 of them had greater then a 25 dollar move up before local top was established
6 had greater then a 50 dollar move before top was established
5 had greater then an 80 dollar move before top was established.
2 were actually at the top of a range and went down another 40-80 bucks. (SCARY!)
what about china. china matters
China matches this pretty closely with about 26 vs 18. But i explain this a way with stop run and fomo selling.
(this is not an attempt to call bottom, just checking out past history when similar events occurred)
Parameters: stochastic < 1, Moving average < 3, downward parallel standard (ie no hard impulse moves).
On bitfinex going back 2 years, theres around ~18 points this has occurred
Of these
18 of them had 5 day of selling with increased momentum.
16 of them closed a rejection style bottom wick.
14 of them had greater then a 25 dollar move up before local top was established
6 had greater then a 50 dollar move before top was established
5 had greater then an 80 dollar move before top was established.
2 were actually at the top of a range and went down another 40-80 bucks. (SCARY!)
what about china. china matters
China matches this pretty closely with about 26 vs 18. But i explain this a way with stop run and fomo selling.
(this is not an attempt to call bottom, just checking out past history when similar events occurred)
Zlecenie aktywne:
i had two sets of bids setup. first have been filled at 390.58