- Rank: 49
- Followers: 7
- Votes: 42
- Years Member: 2
- Last Update: 24 May 2019, 13:07
I expect UWT to recover at least back to 17 today. That gap down should be resistance though....
5/23 - WOW on those UWT and DWT charts! Congratulations to anybody that had the foresight to buy DWT with me.
I'm stoked that the charts did that well. I love making charts.
5/22, pm - I think that Bitcoin has reached the top trendline on a channel I just happened to notice today. I drew the channel on the weekly chart on page one.
It could be wrong. It's just an idea I have.
It looks about right though...
5/22 - I moved the UWT chart to be Chart 1 because it's amazing how much that trendline beat UWT down.
The MACD clearly showed the decline of UWT in advance.
UWT targets around 16.5 next I think.
5/21 - UWT looks like the bear trendline might hold. It had a filled green candle on the 2 hour chart today. Filled candles are bad news!
The dollar broke out of a wedge and looks bullish with UUP targeting 26.8.
Thanks for coming to my page, and for your support always!
My stochastics revolve around derivatives of the fibonnaci sequence. 13/5, 21/8, 34/13, 55/21 all approach the asymptote at y=2.71828. 2.71828 is given the variable 'e' and is called 'Euler's exponent'. It is the exponent used in compounding growth or decay in finance and for bacteria and plants and all living things!
By comparing the 'power' of the stock to the natural derivative of growth for finance or all living things... you get buying and selling signals. If 5 is greater than 13, then the power is greater than the ratio 13/5, or 2.71828.
The 13 ema is often the first indicator of a bull/bear trend, and the 43 ema often serves as support/resistance for the intermediate trend.
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