veryfid

veryfid

It was only after studying the works of Ehler that I started looking at the charts as frequency. It was something so obvious that was staring me in the face but I couldn’t see it. Ehler is by far my biggest influence when it comes to chart analysis and indicator development, what makes him different is his background in electrical engineering. Many of my scripts...

veryfid

If I could only have one indicator it would need to be versatile. It would need to able to confirm trends, highlight pivots and reversals but most of all it would need to expose epic entries. Lucky there is such an indicator... The Center of Gravity Oscillator (COG). The COG is yet another masterpiece created by John Ehlers. It is essentially zero lag and...

veryfid Updated 

Currently BTC appears to be travelling through phase B of the Wyckoff accumulation schematic. I did not pick up on this myself but thought I would share the chart with you. If this is true then we can expect plenty of sideways action and finally a breakout to the upside. To find out more about the Wyckoff schematic please check this link. school.stockcharts.com

veryfid

There seems to be an endless amount of strategies out there, some promise fast returns while others promise consistency. Recently Ive started to gain some followers and have had some requests for strategies. Well today Im going to share one of my crackpot strategies I call "The Crystal Ball Strategy". This is not like most strategies that rely on indicators, in...

veryfid Updated 

By running a Stochastic through Inphase-Quadrature frequency transform and smoothing it with ZLSMA (Zero Lag Least Squares Moving Average) we can get a good picture of the current position of Bitcoin. It appears BTC has nearly finished consolidating its low point and should be bouncing up in to a bull trend. The chart above and below is using macZLSMA from...

veryfid

Right now a lot of traders are asking what happened to Bitcoin and what does the future look like? This can be answered with one word... Institutions. To understand what is going on with BTC let's breakdown the last few months. The above chart has key events marked. Hype - A world wide buzz to buy bitcoin. Whales - Institutions and large investors use the...

veryfid

Bitcoin has proven yet again how strong it influences the crypto market. Looking at different charts its hard to see a difference at first glance. It is a rare moment to see all crypto moving together so close. Below is just a few examples. Above is the 15min BTC chart. The ETH 15 min chart looks very similar. As does the EOS chart. LTC 15 min chart. ...

veryfid Updated 

It's no secret that the alarm bells are ringing for bitcoin but what can we expect in the not so distant future? Using pitchfan we can see a clear pattern of tops and bottoms being formed on the blue line (1 and -1). What is interesting is the "no fly zone" that has been established between the Fibonacci numbers of 0.382 and -0.382 marked in green. Price action...

veryfid

Bitcoin has not recorded a low point on the daily chart since early September 2020. To give you an idea on how big this is last time we saw the price rise $55577 (600%) over 228 days. There are a few things to consider before you put on an epic 25x leverage trade... This new low has not reached its lowest point and BTC is still in a down trend. So how do we find...

veryfid Updated 

It appears that BTC will soon be entering Phase E of the Wyckoff distribution schematic. According to this theory the price will drop to the 30k mark. It is an interesting theory that seems to match up perfectly with the BTC chart and explains the reasons behind recent price action. Phase D is considered a great time to place a short as phase E will maintain the...

veryfid

LSMA (Least Square Moving Average) is a great tool to predict and confirm market trends. When using LSMA 32 from multiple timeframes on the BTC chart we can see that price action has fell way below the weekly and daily lines. The general rule for LSMA is that when price action crosses over the line it begins a bull trend. When price action crosses under it sparks...