I know, I know, a very confusing title. Point is, we have been running after far too many indicators to tell us about BTC happening, but the best one to support us during the volatile period is still the VWAP bands. As we can see, price has bounced and being rejected from level 1 bands, upper side band. A very daunting place to make a decision of BTC future. I...
BAND looks like it's ready to make a move. The price has been respecting the upsloping support line and currently is below the horizontal resistance. Once it breaks the resistance, we should see an explosion to the upside. 30 % move likely. Enter long at the breakout or once the price consolidate above the horizontal resistance and back test it as a support. Good luck
Many Thanks for the feedback and following - Here are some updates that you wanted: - update includes from now on the possibility to use not only the first standard deviation of the Bouhmidi-Bands, from now on you can also use the 2 standard deviation or an individual one like e.g. 1.6 - From default Bouhmidi-Bands a pinned to the right scale and are fixed now,...
Gold is respecting the 300-day simple moving average as of late. We just put in a double bottom which tagged it twice after the Silicon Valley Bank Failure which can serve as a catalyst for further upside in the week ahead. Similarities between the current situation and the situation before the big run up which began in 2019 are highlighted using 300-day...
$DAX - We started the day with a #BouhmidiBands reversal at the lower Band - A second test could be possible during the day.
In the course of the day so far, a support zone seems to be forming at the lower #BouhmidiBands for the time being
$DAX - If its nice take it twice! - We had two chartbook reversals with #BouhmidiBands today. Good Start for a weekend
$DAX - Volatility is back in town. We are breaking lower #BouhmidiBands
#BouhmidiBands - After the $DAX breakout comes the reversal. Exactly at close we arrived almost back in the bandwidth. Long Reversal worked out - Trading #volatility
1D price rose close to the max Cosmic Bands resistance, potentially forming a new Cosmic BB SR level. Statistically this would be a point of reversal but max resistance has not been reached on higher timeframes and it may be a good idea to wait for bearish confirmation.
$DAX tested almost again the lower #BouhmidiBands - We see a slight pullback back into the bandwidth. Watch out for a possible 2nd test. Remember yesterdays chartbook reversal....
After a negative GDP for DE in Q4 (expected was a zero number), worries are coming up again. $DAX has tested like expected the lower Bouhmidi-Band and reversed back into the bandwidth
While according to the 1D signal the price should reverse back up, the other timeframes suggest that the bearish trend may continue at least until the Cosmic Bands S1 line, where the short target is set.
The chart shows that the Trust Wallet Token(TWT) is in an oversold condition. The indicators used for identifying the oversold condition are the Bollinger Bands, the Relative Strength Index, and the Stochastics. They are all indicating that the condition is oversold and it is likely for a small bounce to the upside before continuing to the downside. All furter...
The chart points paint a bullish picture although the price is just above support levels on the 1M and 1D timeframes. The long target is set at the next extrapolated 1M resistance and the stop at the 1D basis line.
The 3 indicators show a bearish reversal with the nearest support level and short target at 125.21.
XAUUSD: BEARISH EXPANDING TRIANGLE 🔻 BIAS: BEARISH 🔻 TECHNICAL PROJECTION: BEARISH On the H4, we have a bearish bias that price will continue further bearish to 1721.4 &1678.73 target to complete its "e wave" from the bearish descending expanding triangle pattern. FUNDAMENTAL PROJECTION: BEARISH FURTHER DXY STRENGTH: Market could be pricing further...