We have a potential double-top opportunity on the USOIL 1D chart.
Our previous bullish view worked perfectly, and our prediction of reaching the 83.49 resistance after the psychological 80.00 break came through. The market looks to now be exhausted near the 83.49 resistance level, and the price action is indicating a possible reversal of the bullish...
USDJPY is trading with momentum ahead of tomorrow's Non-Farm Payroll (NFP) announcement, and we could see a break above the resistance level at 145.073, especially if the NFP data is strong.
All of our indicators and price action analysis on the 1D chart are showing us that USDJPY is currently bullish. Since we had the break and close above our 20...
BUY NZDCAD RSI/BOLLINGER_BANDS/HAIKEN_ASHI
The Relative Strength Index (RSI) shows that the asset is momentarily overbought/oversold, suggesting a possible trend reversal.
The Bollinger Bands indicator shows that the asset is currently in the upper/lower resistance/support zone.
In addition, I use Heiken Ashi candles, which help to see the trend in a smoother...
CHFJPY is getting really weak, SUITE B already confirmed the INCOMING correction leg.
#1 ENTRY (Risk Entry, Good Reward) -: Enter SHORT when CHFJPY reaches UPPER BAND
#2 Entry (Confirmed Entry, Minimal Reward) -: Enter SHORT when CHFJPY breaks BELWO the BL after touching UB. (Not advisable on this current structure)
On #1 Entry, Set...
I'm currently watching AUD.NZD 1hr.
I'm a big fan of Bollinger bands, and I use BB in my system. BB is currently in a squeeze, will price break up or down?
I think price will break to the downside, but let's see what price does.
Remember, get confirmation with more than one indicator and use proper money management.
OK time to dust off the old TV account again!
$BTC has moved above the 60 day simple moving average and historically when this happens after a period of consolidation, BTC will trend for at least a couple of weeks with the 60 day mean price offering a good spot to rebuy in the result of a pull back.
I expect some headwinds obviously at the 28k-29k level for the...
Not a piece of financial advice.
We are awaiting a clean signal that is expected to flash anytime soon should the market prevents itself from going south. We have already entered the bear market this season. Hope the Bollinger Band signal does not fail this time. Therefore, no rush here to enter the trade. Interestingly the RSI/Stoch suggests the bottom has been...
Using Bollinger bands with momentum on the 1 hour and 4 hour time frames for dollar cost averaging, it seems that Bitcoin is beginning to level out and stabilize in price action.
This could be the bottom of this downward trend we have seen since the middle of November of 2021, however, I believe caution needs to be used and careful planning. Based upon the...
This could be a temporary bottom for the Market. First we have a divergence both on the Stochastic and the RSI. The price bounced of the trendline and the Fibonacci(Bottom of the Corona Crash and all time highs).And on the Weekly the price closed outside of Bollinger bands which could mean that the price is oversold in a way. But this is not the market bottom, far...
ETH is moving below the weighted Bollinger Bands again, erasing the small bullish movement yesterday. Yesterday could be considered as a retracement for short sellers. However, as long as ETH is above the 40k price, the general sentiment is quite bullish. Breaking below the the 40k will confirm the bearish wave of the bands.
On the 4-hour chart, we can see that ETH has successfully broken above the weighted Bollinger bands, marking the start of a bullish trend. If the price can break above the resistance line, we will then have a confirmation of a full bullish trend.
From the daily chart, Bitcoin is not bullish yet. The upward movement has not broken through the upper bands of the weighted Bollinger Bands. Short term movement will indicated bearish trend. We can expect bullish trend when the price breaks above 63,130-ish.
BTC Daily Chart Analysis: (Unbiased & just telling it how it is)
BTC is still ranging sideways within its massive sideways channel. Note that even if BTC drops back down to $30K, it will still be considered ranging sideways so you should be prepared for this because it will become more of a possibility especially if BTC continues failing to break ABOVE and more...
ADA 4hr chart:
ADA is above its 50EMA for this 4hr timeframe.
ADA is back above its Bollinger Bands Middle Band Basis 20 Period SMA.
ADA is still above its ascending support line.
ADA is above its Volume Profile Visible Range (VPVR) Point of Control (POC) for this charts visible range.
ADA is above its Volume Profile Fixed Range (VPFR) Point of Control (POC)...
- Have been watching AAPl for quite some time now (see the previous chart).
Finally approaching the end of this triangle, has bounced off the bottom trendline multiple times in addition to holding & bouncing off its 200day EMA.
- On top of approaching the end of this triangle, AAPL is squeezing on its daily chart between the AVWAP of the previous high and low...
Crypto drops like the one today can look devastating on the lower timeframes, but if you take a breather, step back, zoom out and look at higher timeframes like the weekly, you’ll soon see the bigger picture.
ADA is still well above its Bollinger Bands Middle Band Basis 20 Period SMA on the weekly chart.
ADA is still well above its 50EMA on the weekly...
This trading strategy gives trading signals when price breaks through the 1 Standard Deviation Bands of a 50-period Bollinger Band. Buy signals are generated when price breaks through the upper 1 Standard Deviation Band. Sell signals are given when price breaks through the lower 1 Standard Deviation Band.
Buy signals are confirmed when the close of today was...