This is not financial advice - just check my past posts to see how accurate they are.
Will there be one final and unstable push to the upside that ends in a blow off top and ends this current cycle?
My Observations on the ETHUSD Weekly Chart
+ The price is currently ranging in a very similar ascending triangle to the one in 2017.
+ The general structure of...
Here we take a look at the 12hr Bollinger Bands Width compared to price action
as a way of understanding volatility.
Indicator arguments are as follows:
Length = 20
Source = Close
StdDev = 2
Included with the Durbtrade Bollinger Bands Width indicator
is a zero line (white), and an Exponential Moving Average
with a length of 50 and an offset of 0 (blue...
This one-day volume growth resulted in a record-breaking increase of 456%, as compared to the 65-Day Volume Moving Average. BBW's total volume now sits at 717.3K. The +3.59% price change was insignificant, leaving BBW's price at $3.46. This volume move could indicate a change in trend, and may be a buy signal for investors. Tickeron A.I.dvisor found 63 similar...
Watching this closely for the squeeze release and momentum to break positive or negative. Current squeeze on the BBW has only been this deep on twice in the past 12 months.
Adding in to the strong Stochastics reading, note that the BBW is also increasing. Good rule of thumb, when this BBW indicator (volatility measurement) is getting bigger, stay with the trend. When this indicator reverses, prices tend to revert to the mean or move to oversold. For now, enjoy the rally
The 12h has a possible symmetrical triangle setup. The bottom is formed from a trendline going back a few weeks and the top from the latest high. This also coincides with the Bollinger Band width being at a lower value than it has been for awhile. The price move from this triangle would be ~$1100.
All right, I've been watching EURAUD ranging since the beginning of the month.. it seems like we are almost ready for a break move!
Indeed, BBW is shrinking like a felted woolen sweater, which usually means some big move is about to show up.
On the other hand, some gentle hint of divergence on both RSI and StochRSI tell us to put out the feelers, while StochRSI...
CADJPY just tested trendline support, both RSI and Stoch RSI are within overbought area (confluence).
Stoch RSI is giving a buy signal, while Bollinger Band Width (BBW) seems to have almost completed the ongoing expansion phase, thus indicating that price action might invert and turn upwards.
Enter: LONG 10X @ 84.98
SL: below yellow support area (- 1.5% @...
