8 Chart Setup Idea

24. Juni 2019

I setup this 8 chart layout on BTC. Each chart has a different time frame. The low time frames on the top and high on the bottom. Top is 5 min, 30 min, 1 hour, 4 hour. Bottom is 1 day, 3 day, 1 week, 1 month. I think this paints a really clear picture on how the oscillators work affect each other on different time frames. The big thing I took away from this is that the higher time frame oscillator direction dominates the price action of the lower time frames. For instance, if the Stochs is bullish on daily, then each move the lower time frames have reflects this. This means if the 4 hour Stochs is crossing bullish, the price action will go up a lot, while when crossing bearish, it won't go down much. The opposite if the daily was bearish. This works on all time frames, the higher time frame will dominate the lower time frame. I also noticed if there is divergence in this, meaning you see a big drop in price action on the lower time frames while the higher are bullish, the higher time frame might be headed for a reversal as the trend has changed. Those are my observations using this 8 chart layout. Hopefully anyone who sees this will come up with some of their own.