Like DOGEBTC and BATBTC, we have some very predictable behavior within a clearly defined range. More interesting in what is in the range, not the deviations.
Oscillators oscillate around what? The equilibrium. Although the equilibrium can change, here we can estimate the area fairly well. It has some good confluence here with the 200 weeklies (MA & EMA).
Let's assume:
1) bottom of the range/under the 200 weeklies is where PA is likely to be accumulative,
and
2) upper part of the range/above the 200 weeklies is where PA is likely to be distributive
Sell a bit at EQ, pull stops up and let the rest ride to the top
Oscillators oscillate around what? The equilibrium. Although the equilibrium can change, here we can estimate the area fairly well. It has some good confluence here with the 200 weeklies (MA & EMA).
Let's assume:
1) bottom of the range/under the 200 weeklies is where PA is likely to be accumulative,
and
2) upper part of the range/above the 200 weeklies is where PA is likely to be distributive
Sell a bit at EQ, pull stops up and let the rest ride to the top