This defines a trend in such in clear terms that it applies to any time frame, any symbol, any market, any time of day. Here are some definitions I have heard what is a trend A trend demonstrates higher highs, or lower lows. Really? how many bars of "higher highs" or "lower lows" are required to define a trend? The trend is your friend until it ends," because...
Hey, I got some stats for you. So Bitcoin MA 100 got tested 38 times since 2010, and this happened: * Clean bounce : 12 times * The MA got passed, with little follow up (< 10%), the price stagnated, and then the price went back the other way: 9 times * Break with follow up (immediate): 7 times * MA break followed by rapid reversal (like bouncing on it but after...
- Price neither overbought nor oversold
- Price overbought on Stochastic Oscillator - Price reversed at key level (111), may function as strong resistance
- Price oversold on Stochastic Oscillator - Price experiencing instability at strong support level
- Price is oversold on the Stochastic Oscillator - Price reversed at recent low - Might form a double bottom
- Price broke briefly below EMA (25, close) and returned above, the following candlestick - Price neither overbought nor oversold
- Price neither oversold nor overbought - Recent consolidation above EMA (25, close), price was unable to break on the downside - Price is now at recent highs, could form a double top or break above zone - Price would need to close above zone on the daily or 4-hr chart
Pictured above is a graph of Royal Dutch Shell vs brent crude, the correlation coefficient between them, and the commodity channel index tracking the volume weighted moving average of Shell. I tested this indicator on a few energy stocks: RDS, MRO, BP and XOM. Negative correlation between brent crude and an energy stock coupled with an overbought CCI seems to...
In this educational idea I’ll cover the SMA cross strategy. I’ll will cover how it works, what my peripheral values are and how it can work for you. The Simple moving averages cross strategy is a strategy where you buy something on a buy-signal of the indicator and sell it on a target, for example if you had 5% profit. What is a moving average? A moving average...
Not financial advise. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk. A slightly different perspective and not really looking at market formations but focusing on moving averages. There are a couple moving averages I want to focus on: 1. 200 Week Moving Average (Red) - ~$3175 2. 25 Day Moving...
Complete the H&S on the inner TF to complete the M on the bigger TF. This is for myself so I no explanation on this one.
- Price approaching previous support/resistance
- Price directly above EMA (25, close)
- Price approaching strong support … Pair has only been able to cross once since June of 2017
- Price retraced to 0.5 fib level, may continue on previous down trend
- Price directly above EMA (25, close), following tentative downward trend line
- Price retested EMA (25, close), respected support and appears to be going up - Price not yet overbought - Could possibly form a double top