5 period MA on a 5 minute chart:
- ^BTCUSD_Barchart_Interactive_Chart.png (140.03 KiB) Viewed 1394 times
NCA 2: THE CHARTBOOK
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Re: NCA 2: THE CHARTBOOK
Using a single data point is so much cleaner than using several. . .
5 period MA on a 5 minute chart:
5 period MA on a 5 minute chart:
"Everything Should Be Made As Simple As Possible, But Not Simpler!"
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Re: NCA 2: THE CHARTBOOK
You can be a scared dog with your tail between your legs or you can accept the uncertainty of the reward and grow some balls 
5 minute chart, 5 period moving average:
5 minute chart, 5 period moving average:
- ^BTCUSD_Barchart_Interactive_Chart.png (140.03 KiB) Viewed 1354 times
"Everything Should Be Made As Simple As Possible, But Not Simpler!"
Re: NCA 2: THE CHARTBOOK
"Everything Should Be Made As Simple As Possible, But Not Simpler!"
Re: NCA 2: THE CHARTBOOK
5 minute chart:
- Screenshot 2022.png (121.06 KiB) Viewed 1251 times
- ^BTCUSD_Barchart_Interactive_Chart.png (140.03 KiB) Viewed 1249 times
"Everything Should Be Made As Simple As Possible, But Not Simpler!"
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aliassmith
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Re: NCA 2: THE CHARTBOOK
IgazI wrote:5 minute chart:
Screenshot 2022.png^BTCUSD_Barchart_Interactive_Chart.png
Nice that the crypto gods outpositioned the swamp government for the meantime.
The current government would tax air if they could and send the armed IRS agent to your home to collect.
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Re: NCA 2: THE CHARTBOOK
aliassmith wrote:IgazI wrote:5 minute chart:
Screenshot 2022.png^BTCUSD_Barchart_Interactive_Chart.png
Nice that the crypto gods outpositioned the swamp government for the meantime.
The current government would tax air if they could and send the armed IRS agent to your home to collect.
If we don't do something RIGHT NOW then we are going to lose everything to inflation, that's the biggest tax.
The FED is trying to 'scare away' inflation, but once that tool fails then it's game over. . .
"Everything Should Be Made As Simple As Possible, But Not Simpler!"
Re: NCA 2: THE CHARTBOOK
- ^BTCUSD_Barchart_Interactive_Chart.png (140.03 KiB) Viewed 1167 times
"Everything Should Be Made As Simple As Possible, But Not Simpler!"
Re: NCA 2: THE CHARTBOOK
Renko charts are available for free when you sign up at Barchart*com.
For both Renko and P&F the only way to go, I feel, is the high/low method; you can also use a Kagi, setting the reversal amount to what would normally be a 3-box reversal.
With Renko you can further simplify the chart by representing it as a line chart:
- 4 period MA (of the 'open')
- if there is at least a 3-box retracement* then the line will form a shelf
*1 down box on a Renko is a 2-box reversal
- if there are 4 boxes then the line will bend
RENKO: 5 minute H/L, $50 boxes:
Since you cannot plot your lines as price over time you'd have to represent them as price ranges instead:
For both Renko and P&F the only way to go, I feel, is the high/low method; you can also use a Kagi, setting the reversal amount to what would normally be a 3-box reversal.
With Renko you can further simplify the chart by representing it as a line chart:
- 4 period MA (of the 'open')
- if there is at least a 3-box retracement* then the line will form a shelf
*1 down box on a Renko is a 2-box reversal
- if there are 4 boxes then the line will bend
RENKO: 5 minute H/L, $50 boxes:
- ^BTCUSD_Barchart_Interactive_Chart.png (140.03 KiB) Viewed 1098 times
Since you cannot plot your lines as price over time you'd have to represent them as price ranges instead:
- ^BTCUSD_Barchart_Interactive_Chart_09.png (119.53 KiB) Viewed 1098 times
"Everything Should Be Made As Simple As Possible, But Not Simpler!"
Re: NCA 2: THE CHARTBOOK
Price is in a range? going nowhere.
Price is above a range? going up.
Price is below a range? going dn.
The future = what is + time.
Price is above a range? going up.
Price is below a range? going dn.
The future = what is + time.
- ^BTCUSD_Barchart.png (119.05 KiB) Viewed 1010 times
"Everything Should Be Made As Simple As Possible, But Not Simpler!"
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aliassmith
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Re: NCA 2: THE CHARTBOOK
IgazI wrote:Price is in a range? going nowhere.
Price is above a range? going up.
Price is below a range? going dn.
The future = what is + time.
^BTCUSD_Barchart.png
Made some nice gains recently.
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