Can you explain that please?

I have 5.

There is no option for me 

OK, we're cool. I have a suggestion for you, if you are willing to back test your indicator on some 2013 MtGox data (Bistamp looks "washed out").
If your indicator can use a shorter time frame (about 4x shorter), then it might flip from red to green about the 17th May and the 17th June 2013.

Seriously, here is one of the reasons why I can't take most TA seriously:

An n-day moving average (MA_n) is the average of n consecutive prices.  Charting the moving average instead of the price reduces the random day-to-day noise while preserving the longer-term variations.

An exponential moving average (EMA) is  similar, but gives more weight to the recent behavior -- and is easier to compute if you are using pencil and paper or a slide rule. 8-)

The difference between two MAs with different periods -- say, 7 and 21 days -- is basically a smoothed version of the second derivative of the price.  If MA₇ is higher than MA₂₁, the trend of the price is bearish, curving downwards: it is braking while going up, then accelerating down.  Conversely, if  MA₇ is lower than MA₂₁, it means that the trend is bullish, curving upwards: braking while going down, then accelerating up.   When the two graphs cross, then, the trend is changing from one mood to the other.

Good so far. However, the average of the last 21 prices tells what the price was 10 days ago, not today.   But analysts always plot the MA₂₁ value at the final date of the 21-day interval, not at the central date.  So, the traditional MA₂₁ plot is displaced 10 days to the right relative to its logically correct position (and you can see that clearly when it is plotted over the daily price chart).  Similarly, the  MA₇  chart is shifted 3 days to the right.  Therefore, the two plots cross at the wrong dates; if they were drawn at the correct dates, crossings might appear or disappear.

TA folks even understand this problem, but they have been plotting their MAs and EMAs that way since the lower Paleolithic, and cannot be convinced to change their habits.  There may also be a psychological factor: plotting the MA_n values at the correct dates makes it obvious that the analysis is based on information that is 10 days old; whereas plotting it the traditional way gives the impression that the analysis is hot from the ticker's mouth.

There is also the problem that the crossings depend on the arbitrary choice of the MA periods.   It is like computing the ROI of bitcoin investment: one gets completely different results depending on the time scale considered.

Finally,  this MA-crossing analysis depends on the hypothesis that there is an underlying price trend that can be revealed by smoothing the price.  That may be true in ordinary stocks, where the price is partly determined by fundamentals that change slowly with time (such as the overall economy and product sales).  It is rather questionable with bitcoin, since its "fudamentals" are isolated unpredictable events (like PBoC decrees and rumors).  We see that in the charts, where rallies and crashes often start suddenly, out of nowhere.

Maybe most people don't understand, but oda.krell's indicator turning green now is actually bearish medium term.
It means that the market hasn't yet left wave C, and THE bottom wasn't 275$, but is still to come.
I didn't yet work on new guesstimates, but IMO it seems wave C will only end in February 2015 below 200$.

You think we'll go below 400 ever again?

Well, I also created this article and a few others on spirituality, quack remedies, etc.  


Of course.

My best guess at the moment is the "three billion hedge fund started trading on our platform" rumor.  It is consistent with OKCoin being the leader, leaving even Huobi behind.  

But it may be TA, indeed: namely people expecting "the next bubble" because of the 5-year WorldCom extrapolation plot and/or analogies with 2011 or 2013.  I.e. a case of self-fulfilling prophecy.

It really just depends on your strategy and the way you trade.

There's way more volume on OKCoin futures (not feeless, volume is relevant and real) than Bitfinex. Since the only exchange which really had an affect on the market price today was OKCoin, we can analyze this based upon what was going on there. Interestingly, OKCoin itself reached $485 or so, but futures never really surpassed $475 for anything more than a few buys, despite leading the way most of the day.

Anyone who isn't taking a long-term approach and still kept leveraged shorts (unleveraged shorts or barely leveraged shorts, à la Bitfinex don't really count)  in the entire day has brass balls and a brass brain. Right now we're at an interesting spot because the long positions have slowed down and are now trailing the market price. (Potentially indicating the big boys are done buying for a little while - one can assume that a whale will take long futures positions prior to going on a buying spree like this, to minimize slippage or even potentially profit from the price increase throughout the day.) Regardless, I still think it's a bit spazzy and stubborn to short today, even now - we had the same slowdown we're experiencing right now several hours ago at around $430, before continuing the rally.-

https://en.wikipedia.org/wiki/MACD

(Ahem, I cannot resist pointing out that I helped edit that article, a few months ago. )

fap fap fap~

So in your view, this:





is not a likely continuation, in a similar way to how May played out:

[...]

Approaching to 100k transactions per day. While Gavin said 1M blocksize limit is a hard limit of approx 7 trx per second or 600k per day. Bitcoin is full 1/6 of its capacity.

and fake volumes.