Automatic price channel prediction.

Bitgur Support
Jul 2, 2018 · 3 min read

Experimental tool which makes technical analysis easier. We are trying to predict support and resistance levels for different timeframes.

Disclaimer

First of all, I need to tell you that this tool isn’t “Magic wand” and it’s unlikely that you can get your first Lambo immediately after exploring this tool.

Description

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Image for post
  1. Red lines
    They are edges of a current price channel based on volume profile analysis.
  2. Orange lines
    They are main resistance and support levels for the chart, which were achieved in the course of past trades. They do not depend on the selected period.
    If more than 10 levels are found for the current price range, then 10 most significant are selected and shown on the chart. The weight of the level is based on a scale from 0 to 100. Where 100 is the weight of the global minimum or maximum (depending on which trend was stronger). The weight of the remaining levels is always less than 100 and shows how significant the minimum or maximum was.
  3. Cryptocurrency price chart
    It’s weighted price from dozens of main exchanges.

Probable Use Cases

1. If you do not have a short-term trading strategy and want to open or close a position in the near future, the table of current levels can help you choose the best price.

Links

Despite the fact that we create prediction page for several hundreds of coins you must remember that this tool can be useful mostly for coins with large trade volume.

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