BTC Angle Degrees Theory

I recently watched an old TA course from 2013, trading stocks where the presenter talked about Angles. He said that sustainable angle trends are at around 45o.

So I thought Id test this on BTC:

Starting from left to right, we start off with:

UPTREND
15o angle which lasts 60 days, definitely a sustainable uptrend.
46o angle which lasts 17 days, still sustainable but on the higher end, it also shows us a big shift in momentum.
65o angle which lasts 10 days, obviously looking back this is not sustainable.
75o angle which lasts 9 days, we should be very worried about a downtrend coming.

DOWNTREND
over all downtrend has been a -45o very sustainable downtrend over 99 days.
-74o over 8 days, very sharp downtrend obviously not sustainable.
-69o over 5 days, again not sustainable.
-55o over 32 days, long drop but not sustainable.
currently we are in a very sustainable -36o drop and still very close to the over all -45o drop.

As you can see the smaller angle uptrends and downtrends last much longer than the more volatile moves. It's also a good tool to notice when trends/momentum are changing, possibly for entry and exits. Along with that knowing something is in a 75o uptrend, we can be more alert, set stops or make sure we are watching the charts for drops.

Looking at the bigger picture it makes me believe that everything in the yellow box over a 45o increase is just hype and therefore not sustainable, at least without any new BIG hype and new money.

From a psychology perspective I believe BTC needs are really hard drop far below the yellow box, into a more sustainable price, before new money will be intrested again. Even then it's going to be hard sell to new investors. "buy bitcoin, yes it did drop from 20k to 4k but what a risk free investment". A drop like this, whilst puts BTC back into a more sustainable reality price, also shows that the market is very volatile, which could stop potential new money investments.

I would guesstimate range between 4000 to 8000 seems sustainable, but only time will tell.

*Note I am not a financial advisor, these are just ideas for you to think about, educational purposes only*.

評論:

When using the angle tool, if you draw and angle and then zoom in or out of the chart, the angle changes.

To prevent this reset the chart, press 'CTRL ALT Q' this resets the chart, then draw the angels on daily chart.

After you've drawn the angles, draw over the top of them with the line tool and delete the angles.

評論:

here is the same idea on 15 minute chart.

current down trend is -63o which I would say is not sustainable, we should see a retrace soon

評論:

retrace back to the -22o angle

評論:

something like this

評論:

here it goes

評論:

still moving up

評論:

Looking at BTC today on 1 hr chart, we can see the downtrend angles are getting smaller, whilst the uptrend angles are getting bigger.

What does this mean? who knows, I would assume it means the bears are starting to get tired and the bulls are starting to get stronger, but only time will tell, let's watch together, I'll update soon.