In a dream today, I saw a chart showing a moving average moving a little lower at first and then turning up and crossing above another moving average. These lines did not have colors so I don’t know the time periods but I think it was the 6 and 12-periods because that’s what I’ve always seen previously. I think this confirms there’s a small drop followed by a turn that will finally end the downward trend that’s been underway for the past six days since the July 11 top and start the bullish move that I saw on July 13. This dream did not identify which market but I believe it was Bitcoin because that’s all I’ve been getting lately and also all I’ve been trading.
In my July 13 dream, I saw a chart showing a row of candlesticks at the top of the Bollinger Band and all of them were partially above the band and partially below it, so it was showing bullishness but I did not see the time period. Later I saw what looked like a stream of prices moving up at about a 45 degree angle and the stream had a light blue background confirming it was Bitcoin.
Since none of these dreams showed any price targets or dates, I rely on several technical indicators. I’ve found the 8-hour MACD has been very reliable in identifying changes in trends, but since it’s a longer time period, I’ve adjusted the settings to make it more sensitive by setting the fast length at 9 periods and the slow length at 18 periods compared to the default settings, 12 and 26 periods. I use the default setting for the signal line, which is 9 periods. Using more sensitive settings can give more false signals, but that risk is offset by using an 8-hour chart.
I also rely on the Bollinger Bands to know when to close a position. My charts always show two bands, one for 2 standard deviations and the other for 3. When the price goes beyond 2 SD on the 4-hour chart, it’s likely getting close to a turn.
Author: James Bailey
James Bailey is a blogger, business owner, husband and father of two grown children. In 1982, he surrendered his life to the Lord Jesus Christ. In 2012, he founded Z3news.com to broadcast the message of salvation by reporting end time news before it happens.