Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (LINKUSDT chart) The composition of the chart consists of price and volume. Therefore, chart analysis can be interpreted differently depending on how you interpret price and volume. First of...
Thanks to zAngus for the idea, here is a simple trading strategy that uses two tools: Bollinger Bands and OBV to find moments when an asset's prices can increase or decrease. First and foremost, please note that this explanation is simplified and only covers the basics. Each individual can develop their own settings and adjustments according to their own...
So, if you are new to the markets you might not know. If you are old, you do. Wall Street uses "weapons of mass destruction" against the average person. And banksters are running the world printing money enslaving the youth and developing nations. The world is voting with their wallets and are converting their worthless government IOUs (FIAT, dollar, pesos,...
Hello Tradingview, Thank you so much for providing traders such a beautiful platform and it will not be an exaggerating that you are the idea master as your idea for adding community and allowing users to interact with each other and sharing knowledge with each other has changed the of trading of many. Today I want to write something about one of your great...
BITFINEX:BTCUSD is starting to show another squeeze on the 30m timeframe as price begins to consolidate. There was a great trade on the 30m using the indicator over the weekend. I also look at where another BBK Squeeze took price from the 11000 levels on the swing trading timeframe a few weeks ago. If you are patient and wait for the BBK Squeeze to filter out...
Barts (AKA bull or bear traps) are a common pattern in cryptos. The OBV indicator can be useful for detecting Wyckoff style accumulation or distribution. It's especially useful for Barts which have a very flat section of price action which makes the OBV divergence very apparent in some cases. If you see a flat zone that looks like a potential bart, track it on a...
I don't usually pay much attention to the NYSE Advance/Decline line, but right now I am. It is doing something very rare. It is creating a positive divergence with the S&P 500 and Dow Jones Industrial Average indexes. If you are not sure what this indicator is, or what positive divergence is, please ask. When the NYSE AD line makes a new high the index tends to...
Using Nuls as an example: since I was considering if I should buy some now, due to my personal interest in its fundamentals. However its chart, like with most other altcoins, look horrible at the moment. Here, the chart shows NULs finding support on top of the thick-green LVDT line on the 3hr chart (note, for BTC, the 3hr, as well as 4hr, and especially the 1D...
Market Breadth HIGN/SPX: The number of Stocks contributing to new highs continues to deteriorate and we haven't seen any improvement despite the gradual upside seen in Stocks indices.. This is the percentage of stocks on the New York stock exchange making new highs divided by the whole spx. The breadth shows that the bull market continues to be driven by...
SPY Has to break down one of these supports along with a Break down of OBV Horizontal support ( Red ) , OR SPY should make higher highs with OBV breaking out of the Descending Triangle Pattern , to sustain New Highs. !
Maybe its just the beginning... I am examining the market breadth by subtracting the number of NYSE stocks making new highs from the stocks making new lows, the study points to a potential major reversal could be at hand... If for example: -500 stocks making new highs and only 20 stocks making new lows then we will get a 480 stocks sum, and there for the index...
Very strong selling is going on under the surface of PCLN. Although the price appears to be healthy and range-bound, it appears as if long term holders have liquidated their positions and now are waiting for prices to fall dramatically. I know it looks like I'm kicking PCLN when it's down, but it is still just "rolling over" on the long term chart. The uptrend...
I have checked and over checked this strategy a few times, so I hope there won't be too many mistakes. As you will see, this is a very simple and effective strategy, which produces signals when used on its own, without adding any other indicator on the chart or using any fundamental factor. All you need is the OBV indicator, candlesticks and support and...
Market Breadth: 52-week new highs: Stocks that are breaking to new yearly highs, which is another key breadth indicator followed by market technicians, when the number starts to diverge failing to make new highs, while the price index continues to grind higher, this usually indicates the lack of internal strength and concerning. Stocks above long term...
Today's tutorial session was spent examining my volume / money flow tool, the On Balance Volume (OBV) indicator. In this example, notice how price broke initially yet OBV did not. When price broke the uptrend line with a corresponding double top fail on the OBV the short really worked. If my charts help you, or you use my indicators... please consider a BTC...
How to spot market peaks using Advance/Decline ratio (ADR)? First, look for divergence between the market and the indicator. Rising market index accompanied with declining number of advancing stocks means upcoming drop. Second, look for high readings of the ADR. Values above 3.5-4x to be considered as significant. I've done some back testing, which showed pretty...
In my series of posts "SP500 Approaching Bubble Territory' I was discussing my arguments for a major bearish move, and i believe we are very close to my awaited point. I am waiting for final confirmation signal which may occur today or Monday to post my short position. For now, I close any long position and cancel any long outlook. Market Breadth: Swings from...