Here is a closer look at the BTC/USD 1 day chart:
At the moment of typing this BTC/USD is ranging sideways within the range of around $31,479 and around $29,627 as highlighted by the Horizontal Dotted White Lines with Yellow Shading.
BTC/USD is in a Ichimoku Y-Wave Pattern otherwise known as a Broadening Wedge Pattern or a Megaphone Pattern on this 1 day...
📉 The Basics: Bollinger Bands consist of three lines – the middle line is the simple moving average (SMA), while the upper and lower bands are set at a certain standard deviation from the SMA. They act as dynamic support and resistance levels.
🌟 Long-Term Perspective: Bollinger Bands are highly versatile and well-suited for long-term investors. They provide...
We have what looks like Hidden Bullish Divergence with the Price and the RSI indictor on this BTC/USD 1D chart.
We can also see that we have 2 liquidity voids that need filling up so a further drop is also a possibility.
📊 Script: JUBLPHARMA (JUBILANT PHARMOVA LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: N/A
📊 Sector: Healthcare
📊 Industry: Pharmaceuticals
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 MACD is giving crossover.
📈 Double Moving Averages also giving crossover.
📈 Volume is increasing along with price...
Bollinger Bands Width (BBW) indicator is derived from Bollinger Bands, a popular tool for technical analysis. It measures the distance between the upper and lower bands, indicating market volatility. A low BBW suggests low volatility and consolidation, while an increasing BBW indicates increased volatility and potential significant price movements.
Bitcoin has...
Looking at this Daily BTC/USD Bitstamp chart from around Oct 2020 to 29th July 2023 (today) we can see a few obvious chart patterns that BTC is still in on this daily chart.
1) Ichimoku Y-Wave Pattern AKA a Broadening Wedge Pattern/Megaphone Pattern
2) Ascending Channel Pattern
3) Descending Channel Pattern
4) Rising Wedge Pattern
We can clearly see the...
VeChain update with my opinions and what i plan to do if my opinions are correct:
Here is a closer look at the 1 day VET/USD chart:
While VET did have a nice move up from $0.0152 to $0.032, that impetus is gone and VET is now making Lower Highs and Lower Lows.
Notes:
VET is still in its Descending Channel Pattern.
VET is back in the Bearish Zone of the...
The decline seen in the stock in April and early May was halted by the 30 level of the 14-day RSI (purple line) and better-than-expected news. Currently, it is on an upward trajectory, crossing the 50-day EMA (gray line) and retesting this level. This provides support for attempting to surpass the 200-day EMA (turquoise line) at around 25.5. The question is...
Carvana ( NYSE:CVNA ), the innovative online used car retailer, has recently shown signs of a regular bearish divergence on its chart, indicating a potential reversal in its current trend. With an identified entry, stop loss, and take profit points, we could be looking at a shorting opportunity here.
Technical Indicators:
The regular bearish divergence, circled...
Here is a closer look at this chart.
BTC needs to turn the key Resistance area located around $32,157 - $28,682 into strong support.
That’s it, quick n dirty. I hope this chart is helpful.
BTC/USD Volume Analysis - Bitstamp 1 month chart.
BTC is still in a massive Ichimoku Y-Wave Pattern, which is like a western Broadening Wedge Pattern.
BTC is also in a massive Ichimoku P-Wave Pattern, which is like a western Symmetrical Triangle or Pennant.
BTC is also in a massive Rising Wedge Pattern.
I have also added in various Support and Resistance lines...
testing indicators - MACD, Bollinger bands together on BTC/USD pair, to check if it works while changing the inputs. 1st test clear, gained 33% in long position. Will test multiple times on different instruments for conclusion. Let me know if any other idea of adding more indicator for accuracy for shorter timeframe of 3 min & 5 min.
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)
INVALIDATION
On #1 Entry, Set...
CADJPY just hd a massive rally to the upside and soon will be CORRECTING which is why we are looking to enter SHORT at the peak around the PMthH (Previous Month High)
#1 ENTRY (Risk Entry, Good Reward) -: Enter SHORT when price reaches PMthL
#2 Entry (Confirmed Entry, Minimal Reward) -: Enter SHORT when CJ breaks BELWO the BL after touching PMthH.
...
I have two different trading channels highlighted on the chart. The first predates the post-corona bull market. The second shows a long period of consolidation on the Chainlink weekly chart.
The first channel lasted for a year before LINK exploded to ATH over $50. The second channel marks a year in May 2023. Chainlink has completed a full market cycle and if...
Look at the recent high...an eveloped high bar (top band) and an inside along side it. While considering the moving averages crossing bullish, the bear signals are evident; bull with caution, if at all.
Looking at the weekly chart with 200MA for CPER. I'm a fan of owning physical metals but CPER is a nice way for people to dabble in copper without actually getting bullion.
The 200MA is now coinciding with the lower boll band. On a weekly chart I'd expect this to serve as rock solid support. I've mapped out the trajectory of the 200MA if it continues to uptrend...
Since trading is all about having a statistical edge (well, if you wanna make a living at it)...
How about we use an indicator with deeper insight than averages?
It’s called the Bollinger Band, and it’s what we’re testing today.
What the Heck Is a Bollinger Band?
Without getting all mathy on you (the formula is gnarly), imagine slicing up a regular bell...
