Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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Why?
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Why?
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Quote
We dont know what we dont know until we know it
check
your chart...busy..whilst i have no doubt it grabs peoples attention..i wonder how long it retains it...sometimes less really is more ...your time frame...perhaps course? dunno ...i do agree that being above the yellow dotted line is preferable to being below it
how does it look on other time frames? does the narrative match? how about stretching it out so all those spikes are smoothed...still drive the narrative? anyway..like the work and daring to be different
+1 WOsMerit
carry on
If you go back up to the post you responded to, you will see I posted a second additional chart providing an example of ONE (1) rule regarding the Red RSI and Blue LSMA "both" above level 30 "while" the Green RSI is also rising up above Level 50. Of course, I could provide other examples of just running up to the Basis and not up to the white/aqua upper b-bands under "other" conditions. I could show many examples of other rules (consistently met with the price action acting accordingly) regarding the price action going up or down FROM a b-band to another B-Band. However, I'm not going to spam this thread with all those rules, requirements for those rules, etc...