It seems that this support was establish at 7787 with Fib level .618 using hourly data over the last 24 hours. Analytic charts are included so this is not just hunches. This is actual charts data from a real crypto exchange!
Note that a live event will take place this Monday at 12 noon EDT (same as NYC) to discuss the latest results of both these new Kraken and Forex bots. I will send out the log in info with notices in the next few emails. You can also view it on my blog or at the Facebook.com/quantlabsnet page under the Events tab.
It seems that this support was establish at 7787 with Fib level .618 using hourly data over the last 24 hours. Analytic charts are included so this is not just hunches. This is actual data from a real crypto exchange!
Remember I use Kraken data where this is Bitcoin against the US Dollar. The charts are in the post. Let me know what you think of this analysis.
All these charts will be updated as part of my Analytics service listed here. Also, note that this is the lower monthly price you will get right now. Signals will be included so price will go up soon as well. The Word document highlights over 18 potential other big alt coins.
New volume and hourly performance charts for crypto and forex
These look prettier than the ones before. You just download them among the reports you can request as shown in this vide. It is currently working for crypto currency but will expand into CFDs and forex as well.
More to report after my last posting of crypto currency algo trading with BTC, I am now able to generate over 3700 charts of 3 time periods for 315 crypto currency pairs from Binance. Time frames include monthly (not a big fan), daily, and hourly I still to fix the dates but I want to move on.
What the video reveals
This video shows how there appears to be little opportunity but they do exist. It seems there are some some decent returns when the timing is picked right. Based upon trend and buy signals, these charts appear to work when needed for market entry potential.
More to come as I am still working on the automated head and shoulders (inverted to be built as well), harmonic patterns, and stats. I need to get these all working with the crypto currency algo trading trading data from Binance.
Introducing new trading charts with moving average cross signals
Here are the latest charts from Chart Director. These all have dates associated now as well instead of using the wonky way with MatPlotLib. These include ones for Fibonacci levels, moving averages with Bollinger/RSI/momentum, trend and moving average cross signals. Some of the price lines are candlestick or OHLC format. These are much better from a very afforadable trading package library like Chart Director. It also talks to many languages.
Here is their link http://www.advsofteng.com/index.html
I can also say that this software vendor support is quite fast and precise. In summary: worth the money!!
How useful are peaks or pivots for trading charts from Python
I was warned about these. Unless you can use these for forward looking purposes, these are not that useful. I can always be wrong but maybe this could be useful.
Update: Someone on my Telegram revealed about PivotBoss. After thinking this is just another frat boy teaching trading, I realized there is more to know after watching a few seconds of this person’s videos.
More human traders have shown me how to use these things. It is quite fascinating that this can be useful is many ways you will not find online. I am learning this from other automated and human traders like you who have been using these techniques for decades. I am hoping to expand this topic among trading patterns, flag/pennants, and wedges. There will be more to come.
Here is another source from someone else so thanks to them
Here is a set of charts with new indicators I am testing out including Fibonacci retracements and trendline. Later today I will be adding a full analysis for timeframes of daily, 4 hour, and 1 hour. I plan to add not just one trend line to each timeframe but three for potential help in deciphering classic trading patterns as well. I am hoping to a long video on this process manually to learn about potential break outs from these.
Where did the inspiration come from
A lot of these charts below are generate as being inspired by Nictrade post recently I posted. These are the important charts for Signal trend-line and Fibonacci retracements
Signal, trend line, and Fibonacci retracements charts which are end of day for 1 year.
Widely used in financial institution
See the charts here as where I plan to start. I heard 2 traders on Bloomberg TV talk about Fibonacci re-tracement levels they use so it appears very popular in the finance industry.
I may introduce this as a separate live bootcamp offering for all my Elite members!
I had to switch from Python to R with quantmod to get working properly. I looked all ones from the past as this solution was easily the easiest and cheapest to implement. It is free since it is open source.