I see people trying to short this market!
WRONG, WRONG, WRONG.
You should be
LONG, LONG, LONG.
Whilst the slow stochastic's are embedded - which they have been for 10 days now.
How do Slow Stokes embed? 3 continuous days with readings above 80 on the K&D line.
You now have a indicator that has flipped from overbought to a LOCKED đź”’ in trend.
(This also works in Bear moves with reading under 20)
We could see 55K easily by Friday a return. move to the upper Bollinger Band.
If at any point the stochastic's close under 80... they can regain their embedded status, the very next day ONLY.
Also losing the stochastic's doesn't mean to short, but simply take some chips off the table.
WRONG, WRONG, WRONG.
You should be
LONG, LONG, LONG.
Whilst the slow stochastic's are embedded - which they have been for 10 days now.
How do Slow Stokes embed? 3 continuous days with readings above 80 on the K&D line.
You now have a indicator that has flipped from overbought to a LOCKED đź”’ in trend.
(This also works in Bear moves with reading under 20)
We could see 55K easily by Friday a return. move to the upper Bollinger Band.
If at any point the stochastic's close under 80... they can regain their embedded status, the very next day ONLY.
Also losing the stochastic's doesn't mean to short, but simply take some chips off the table.
Note
STILLEMBEDDED
so for now
these dips are meant to be bought.
Order cancelled
Stochastics are no longer above 80.. warning.Unless there is a big green candle today I assume they will close below that 80 zone.
Note
what if the stokes re-embed next week????Note
On the CME Bitcoin futuresThe slow stochastics
ARE still embedded
and have been since the 12th of FEB!
Gotta look at the CME charts as well.
Trade active
incredible stuff
Trade active
Still embedded on the CME
upper Bollinger band over $71k
Trade active
broken record still embedded
upper Bollinger band $73605
Trade active
you guessed it still embedded :)
upper bollinger band @ $78,236
people seem to be getting bored of these high prices
maybe Honey badger has to add another $6k to entertain you some more.
Note
just checking Friday's close
yup still in the zone
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.