฿ Bitcoin BTC/USD Daily Video, January 24, 2022

[Sive Morten]

Good morning,

BTC now is treated as 2nd quality risky asset, which explains its significant collapse on the deteriorating of the market sentiment. We suggest that the reaching of 26K area is just a question of time.

 

[seedof]

Sive sire, can you please share the indicator you use for the overbought and oversold on the chart. Thanks

 

[Sive Morten]

Sive sire, can you please share the indicator you use for the overbought and oversold on the chart. Thanks

Hi,
This is DiNapoli Oscillator Predictor. It is rare you could find it for free. So, you could use a Detrended Oscillator with (1:7) parameters instead. They are the same.

 

[seedof]

Hi,
This is DiNapoli Oscillator Predictor. It is rare you could find it for free. So, you could use a Detrended Oscillator with (1:7) parameters instead. They are the same.

Okay sir. How can I get the detrended oscillator then.

 

[Sive Morten]

Okay sir. How can I get the detrended oscillator then.

Indicators for free download

Here is guys, some indicators that we use in our day by day work.

www.forexpeacearmy.com

And here is how to use it:

Oscillator and Momentum - Complete Forex Trading Education

During previous chapters I’ve said that this or that indicator has some lack in estimating Oversold/Overbought conditions on the market. But today we will discuss a couple of indicators that are perfect for that purpose.

www.forexpeacearmy.com

 

[seedof]

Indicators for free download

Here is guys, some indicators that we use in our day by day work.

www.forexpeacearmy.com

And here is how to use it:

Oscillator and Momentum - Complete Forex Trading Education

During previous chapters I’ve said that this or that indicator has some lack in estimating Oversold/Overbought conditions on the market. But today we will discuss a couple of indicators that are perfect for that purpose.

www.forexpeacearmy.com

Thanks you sir

 

[netbusinessman]

hi Sive sir for DOUBLE REPO buy pattren as written in trading with dinapoli level book that

The width of the top (or bottom) from the initial penetration to the subsequent
penetration (after the retracement) should not exceed 8-10 bars; three or four are much
better

in BTCUSD H4 chart for DOUBLE REPO buy pattern has almost 12 bar in consolidation, so in this situation we cannot treat it double repo buy pattern.

 

[Sive Morten]

hi Sive sir for DOUBLE REPO buy pattren as written in trading with dinapoli level book that

The width of the top (or bottom) from the initial penetration to the subsequent
penetration (after the retracement) should not exceed 8-10 bars; three or four are much
better

in BTCUSD H4 chart for DOUBLE REPO buy pattern has almost 12 bar in consolidation, so in this situation we cannot treat it double repo buy pattern.

Hi mate,
This particular example fits the request of DRPO mostly because it shows classic price action that is suggested by DRPO. With the second bottom we clearly see fast upward return, which means failure attempt to push price lower. Yes, we prefer to have tighter bottom consolidation, but with this example, I would say that this is DRPO.
But, because of short thrust down (just 8 bars) and too extended bottom consolidation, it makes sense to consider near standing targets, maybe just 3/8 Fib resistance of the thrust, instead of common 50%.

 

[seedof]

I

Hi mate,
This particular example fits the request of DRPO mostly because it shows classic price action that is suggested by DRPO. With the second bottom we clearly see fast upward return, which means failure attempt to push price lower. Yes, we prefer to have tighter bottom consolidation, but with this example, I would say that this is DRPO.
But, because of short thrust down (just 8 bars) and too extended bottom consolidation, it makes sense to consider near standing targets, maybe just 3/8 Fib resistance of the thrust, instead of common 50%.

If i am correct since DRPO is a reversal pattern that means the likely completion of 26k target you mentioned has been abandoned

 

[Sive Morten]

I

If i am correct since DRPO is a reversal pattern that means the likely completion of 26k target you mentioned has been abandoned

Not quite. this DRPO is intraday pattern. If you carefully watch our video - we've said that minor pullback to 37.5+ area is possible.
26K is a longer term, daily/weekly target. So, I wouldn't withdraw it already.