Here is an example of the Bitcoin Strategy signals and how I trade them. You can use a RSI indicator or mine is a "public library - macd crossover" with a "Built In stochastic". PM me for settings.
Weekend Expenditures Drive BTCUSD prices lower but for how long ?
I set my alerts and go to sleep. Stellar moves are sharp if you are in the right side of the trade you will make a fortune and vice versa. Use Average True Range to set your stop loss (Safety Net).
Non farm payrolls and the unemployment rate will be released today at 0830. A release higher than expected could fuel a minor correction. The chart displayed shows the negative correlation between the S&P and the total civilian unemployment rate. Because of the uncertainty of the release, RSI very high, and ATR falling; I would stay clear of the equities markets...
To start off with some context, the previous upper cycle, peak to peak, was 7 years. This cycle has lasted 10 years, roughly. We can then expect an obvious deeper recession. The last one was roughly 2 years long. But when? The market keeps expanding, the dollar has become stronger, oil is getting cheaper, and manufacturing is up. All the fundamentals look pretty...
On March 29th a sudden Increase of Volatility happend - look at the Average True Range (ATR): this Indicator clearly shows that the daily Range of Price started to increase. Several Divergences indicate a Reversal of the current trend. Divergences of the Commodity Channel Index (CCI) against Price are shown by CCIDivergence, Divergences of Momentum against Price...
Simple retest of prior support , last low is in confluence of ATR so short there with a stop behind the thrust candle
AUD/JPY= range= until more meaningful DATA comes in
Hello Traders, Based on my technical scoring, we have a valid buying opportunity on the GBPUSD in line with the bullish trend (Daily). We are sitting on a daily structure level, with strong fibonacci confluence. RSI was oversold on our initial test Looking for entries on my lower time frame, in the form of a double bottom with RSI divergence. Stops are based...
The previous ATR% record low for S%P500 was 0.5667 (on 21st jan 1994). Look for the ATR% to start making higher lows by the time a bear market starts. lunatictrader.com
Volatility funnel. Volatility decreasing, as measured by Average True Range (ATR). On Balance Volume (OBV) increasing over same period. Bitcoin to bamp?
I have been seeing this signal for the last 2 hours or so. I am looking to go long with a small loss. It sucks that I am going to go to sleep. But, on the bright side this is a great trade with a wonderful profit to loss ration. So this is a win win even if I loose the trade I learn :) Happy Trading Alain
Outside change this dump of EURJPY will continue to the last little H1 level confluencing with a 00 level well beyond ATR may make a good place for a high R:R retracement
EURJPY: Buying at demand sone on a bull market. SL is ATR/2.
USDCAD: Selling at fresh Supply level. SL is ATR/2. If not confident to reached the TP, adjust TP to 1.33771 level.
We're almost at weekly ATR level, that means PA has traveled near to the normal distance for a week based on 20day ATR. It's also a great level for structure, looking left. If we get a breakthrough then there's the pullback entry option to go long
For complementing the notes on the chart, I want to point out the following: a) At the moment, RSI is showing bearish divergence. b) ATR keeps following an opposite direction of price's, meaning the real trend only emerges when price declines, a behavior verified since March 2009.
We can take a long here, fading this momentum run to the downside in a mostly quiet and sideways market. Support is potentially strong against this level, so we can expect upside soon. Check out my updated track record here: pastebin.com If interested in my real time whatsapp alerts and swing trading newsletter, or in personal tuition, contact me privately. I'm...