20190226-Jsnip4-All Seeing Indicator

Jsnip4:

About his 'All Seeing Indicator' -

The 'All Seeing Indicator' has changed

I think going forward "the indicator" shall be known as the All Seeing Indicator. LOL, might as well have some fun with it.

The previous level of over-bought or over-sold crypto market was in the extreme over-bought range. That is when I made the post at nearly 1AM this past Saturday, to tell everyone this indicator I now have access to was screaming that the DUMP was incoming and soon. The dump happened around 8 hours later.

I've been watching it, waiting for updates throughout the day. There is also no fixed schedule that it updates apparently but it does appear to usually do 2 or sometimes 3 per day looking back at it's history and watching it over these last 3 days now.

The indicator is now telling us that the crypto market is right in the middle, between over-bought and over-sold. Looking at historical data from this indicator when it made a move like this in which the indicator showed extreme over-bought and then dumped, I see every time, the next day it would drop down to around the half way point roughly where it is sitting now although some of the past data shows it went a tiny bit lower but still around the half way zone. Then within a day to a few days more it would go down more. This seems to be the case with all the previous data, that within a few days it goes down even more and looking at the crypto market on all of those days after the initial dump, the market did in fact go down some more. So there does seem to be a fairly easy-to-follow pattern here.

With all of that said, the data is suggesting, as I originally thought and hoped for, that the dump is not over. It could continue today, tomorrow, the next day, or the day after. The market did not always go down each consecutive day previously. But it did appear to move down within a few days. The data shows this. Keep in mind, I just got a hold of this tool but it is very easy to read and understand what I'm looking at and it just helped me figure out a dump was incoming and very soon, then 8 hours later the dump was here so that was pretty awesome to see.

There is a certain zone both in the over-bought area and the over-sold area where one could start making a decision to get back in or out of the market. Since we are waiting to get back into the market and we just experienced some level of a dump, we obviously want more of a dump before getting back into the market. The opposite is true if we were wanting to get out of the market, etc. So in this case, we want to get back in once we are safely in the over-sold zone. Keep in mind we could be barely into the safe over-sold zone and then the indicator keeps going lower over the coming days, taking us even deeper into the over-sold zone. If we already got back in the market, this would mean most likely the market will fall in price further and that is when your emotions start kicking in and telling you that you might have made a bad decision. BUT, again, looking at the historical charts with this indicator, it showed being patient and waiting for the market to come back thus far always paid off. Most of these big heavy moves seem to happen over a period of days but sometimes I see slow and steady moves up or down until extreme over-bought or extreme over-sold happens. then a violent market move comes. Just remember, we only need to get close to these extreme levels on the buy side or sell side, it does not have to be perfect.

One longer example I found was near the end of April 2018, extreme over-bought signal was in around the last week of April. It bounced up and down a little bit over the next few days, then the large sell off happened, so the signal was there for 5 days before it finally dumped. Then it took nearly an entire month to actually fully sell off down to where the indicator was starting to get into the extreme over-sold zone but it actually went even lower into that zone of the coming days, then it starting going back up but did not hit extreme over-bought zone until sometime in late July.

Just keep these examples and info I'm telling you about in mind because we may get in or out of a trade and then have to wait longer than most "emotional humans" want to wait or think they should have to wait. If you can't handle the waiting game even while watching the market move in a direction that hurts, don't play this game. In this example, we would hope that the wrong direction is temporary (which past data shows to be true) and that this indicator continues to produce the correct market trend reversal signals. So far so good.