#Bitcoin next buy zone between $7,271.3 and $6,745.1

#Bitcoin next buy zone between $7,271.3 and $6,745.1

Bitcoin / Dollar BITFINEX:BTCUSD


#Bitcoin Buy zone between $7,271.3 and $6,745.1 (8 to 12 day Bear market from May5. Day 7 = May12)

THE FOLLOWING IS WHAT I POSTED APRIL 30:

April30 #Bitcoin key to next big move here’s why.
——–> April30 Turquoise (light blue) shaded areas in my chart are formed whenever you get a consecutive day with either green or red vertical bars in my MACD . A green vertical is formed when you get a green candlestick but MACD bar drops. A red vertical is formed when you get a red candlestick and MACD bar rises. This has only happened five times this year. Each time except one occasion had you gone with the break out you win. On the occasion it didn’t happen the market closed up one day out of the range and then reversed the next day to close down below the previous day’s open and continued down in that direction. Good idea or not?

THE FOLOWING IS THE RESEARCH ON STATS JUST CONCLUDED CHECK THEM OUT FOR YOURSELVES – Guess work involved just an idea and not to be taken as advice etc…. (standard disclaimers)

(25/1 26/1 Box) 28/1 – 6/2 (10 days) $12,190 – $6000 = $6,190 ($6,190/$12,190 *100 = 50.8% Box volatility $1,458/$12,190 *100 = 11.96%)
(10/2 11/2 Box) 11/2 – 20/2 (10 days) $11,788 – $7,851 = $3,937 ($3,937/$11,788 *100 = 33.4% Box volatility $1,223.9/$11,788 *100 = 10.38%)
(21/3 22/3 Box) 21/3 – 1/4 (12 days) $9,177.5 – $6,425.1 = $2,752.4 ($2,752.4/$9,177.5 *100 = 30% Box volatility $727.5/$9,177.5 *100 = 7.93%)
(5/4 6/6 Box) 6/4 – 15/4 (10 days) $8,458 – $6,500 = $1,958 ($1,958/$8,458 *100 = 23.2% Box volatility $437.8/$8,458 *100 = 5.18%)
(18/4 19/4 Box) 18/4 – 25/4 (8 days) $9,767.4 – $7,870.5 = $1,896.9 ($1,896.9/$9,767.4 *100 = 19.4% Box volatility $426.9/$9,767.4 *100 = 4.37%)
(28/4 29/4 Box) 5/5 – ? (7th day and counting) High $9,990 – Low $*,*** ? (………………………………………….Box volatility $815.1/$9,990 *100 = 8.16%)

I’m thinking Box volatility is key to next buy zone

(10/2 11/2 Box) 11/2 – 20/2 (10 days) $11,788 – $7,851 = $3,937 ($3,937/$11,788 *100 = 33.4% Box volatility $1,223.9/$11,788 *100 = 10.38%)
(21/3 22/3 Box) 21/3 – 1/4 (12 days) $9,177.5 – $6,425.1 = $2,752.4 ($2,752.4/$9,177.5 *100 = 30% Box volatility $727.5/$9,177.5 *100 = 7.93%)

Current (28/4 29/4 Box) – Box volatility $815.1/$9,990 *100 = 8.16%.

I look at a drop from $9,990 of between $2,752.4 and $3,937 and then look for best support levels (I decided $6,053 was way too low and picked $6,745 higher up instead). You could try doing it by percentage drop i.e. 33.4% or 30%.