Lyth0s Trading Page - The Lyth0s Indicator (Back tested)

[lyth0s]

I will provide an update shortly

[lyth0s]

4/22 update

My strong buy recommendation stands. We are still in a breakout above the short term trading channel which has an upper limit of $433. A small consolidation to $442 from here would be healthy before our next leg up. It is still a very dangerous time to be 100% cash or trying to play this volatility. I would keep 100% bitcoin position at this time, because the next upward movements will most likely happen in very small time frames (large $/hour movements).

I do not expect us to go lower than $427 and I would sell to 100% cash at $408.

[lyth0s]

The consolidation to $446 is very mild. Almost as if it shouldn't even be stuck here. I suspect we will next have another rapid rise in the morning or a very large dump (less likely). I would only sell if we go below $408 (which I am rather confident that we won't go that low, even with a large dump)

My indicator keeps the recommendation as a strong buy with a very likely large upswing in price in the next 24 hours, max 48 hours. If we are still in the $440-$450 range in 48 hours I would be highly surprised.

[Afrikoin]

The consolidation to $446 is very mild. Almost as if it shouldn't even be stuck here. I suspect we will next have another rapid rise in the morning or a very large dump (less likely). I would only sell if we go below $408 (which I am rather confident that we won't go that low, even with a large dump)

My indicator keeps the recommendation as a strong buy with a very likely large upswing in price in the next 24 hours, max 48 hours. If we are still in the $440-$450 range in 48 hours I would be highly surprised.

Yes it does!

I was expecting (if any correction) to sell off sharply to $440, but surprisingly, that hasn't happened. The current correction is not very violent, and i think you are correct.

Looking at Monday.

[Quartx]

Waiting for updates, seem like you were pretty close

[zimmah]

I will follow this too

thanks for sharing this with us

[lyth0s]

4/26/16

Today is another very mild consolidation at $466, this is very bullish. Needless to say that we are way above the short term trading channel which would have an upper limit of $436. We have an increasing rate of rise from the mean that started on 4/18/16, another very bullish sign.

The higher we go in a shorter time frame would require a lower low in order to spark a sell signal. If we dip below $405 I would sell to 100% cash position.

The rise to $467 took a bit longer than I expected, I would have expected a price of $470 today and $472+ tomorrow. It is still a very dangerous time to be in a large cash position. I see continued upward momentum from here and eventually we will have a very rapid unpredictable price raise....

TLDR: Stay 100% bitcoin. I would sell to 100% cash below $405.

[lyth0s]

If we hit $481 before the end of 4/28/16 that would be another bullish-moon indicator.

[ssmc2]

Bump for update? 

[Luthier]

Any update lyth0s?