Williams Percent R Bitcoin Trading Analysis & Williams Percent R Trading Signals

Williams %R Bitcoin Indicator Developed by Larry Williams

Williams %R indicator is pronounced as Williams percent R indicator. Williams %R Cryptocurrency Indicator is a momentum oscillator used to analyze overbought and oversold levels in the btcusd trading markets.

The Williams % Range oscillator is similar to the Stochastic Oscillator indicator, apart from that fact that the %R is drawn upside down on a negative scale that is from 0 to -100 & the indicator does not apply a smoothing factor.

Williams %R, Percent R Technical Cryptocurrency Indicator - Crypto Indicators

The Williams %R indicator analyzes the association of the closing bitcoin prices relative to the High & Low range over a selected number of n candlesticks.

• The closer the closing bitcoin price of a candlestick is to the highest high of the range selected the closer to zero the % R reading will be.
• The closer the closing bitcoin price of a candlestick is to the lowest low of the range selected the closer to -100 the %R reading will be.

When doing technical analysis a trader should ignore the minus sign placed before the value, for example -40, the - sign should be ignored, just remember the indictor values are placed in an upside down manner.

• At zero: If the closing bitcoin price of the candlestick is equal to the highest high of the range the William % R reading will be 0.
• At -100: if the closing bitcoin price of the candlestick is equal to the lowest low of the range the William % R reading will be -100.

Williams Percent R Indicator

Overbought/Oversold Levels on Technical Indicator

• Overbought- William % R values from 0 to -20 are considered overbought while
• Oversold- William % R values from -80 to -100 are considered oversold.

As for trading overbought/oversold levels it is best to wait for bitcoin to change direction before taking a signal in the opposite direction. For Example if bitcoin is oversold it is best to wait for the bitcoin trend to reverse and start to head in an upward direction before buying bitcoin crypto.

Bitcoin Trend Reversal Signals

The William %R indicator used to predict a bitcoin trend reversal cryptocurrency signal when trading bitcoin crypto. William %R indicator always predict a reversal using the following technique

Bearish Reversal Trading Signal- Williams Percent Range indicator forms a peak and turns down a few days before the bitcoin trading price bitcoin trend peaks and turns down. The example illustrated below shows %R giving a reversal cryptocurrency signal before bitcoin trading price starts to head down and change to a down btcusd trend.

Bearish Reversal Bitcoin Trading Signal after Bitcoin Uptrend

Bullish Reversal Trading Signal- Williams Percent Range indicator forms a trough and turns up a few days before the bitcoin trading price bitcoin trend bottoms and turns up.

Bullish Reversal Bitcoin Trading Signal after Bitcoin Downtrend