The end of April brings a selling opportunity, historically near the FOMC statement and the bulk of tech earnings. This week we had the bulk of tech earnings with FAANMG + TSLA reporting. Combined with the FOMC catalyst I believe this is a great opportunity to either go to cash, or short the markets. The day after the FOMC SPY posted a Hanging Man top. This...
learn about it. it's not a sure thing, but it is significant. Doesn't mean the cycle is over for sure, but I'm expecting a major correction. If it does turn that way, these are the levels i'm looking at. 44000, 40000, 31000
In Wedge breakout + Revisit OBV>SMA34(OBV) Price> SMA13 Entry 35 Stop 25 Target 65 I am not a PRO trader. I trade option to test my trading plan with small cost. The max Risk of each plan is less than 1% of my account. If you like this idea, please use SIM/Demo account to try it.
Hello, dear subscribers! In the previous and other reviews we have repeatedly analyzed the meaning of the OBV indicator. We have marked the important support for the buyers - 2.15M. In the days following the last bitcoin market review, the sellers managed to break down important support for the buyers. The bitcoin price corrected from $59,500 to $55,500 in...
Hello, dear subscribers! In previous reviews we marked the $58,000 level as important for the bulls. Fixing above it will give the bulls a chance to continue the full-fledged uptrend. In the past days, we have seen an active growth of bitcoin from the support level 1 - $51,500 - $52,000. Today, bitcoin price got close to 58,000 and broke through the downward...
Hello, dear subscribers! In the previous review, we looked at the downward exit from the triangle as a priority movement option for bitcoin price. In the following days, bitcoin price corrected down to the designated support zone. The bitcoin price entered the support zone of $51,000 - $52,000, after which the bulls beat off the bears' attack. The current...
SOFTBANK GROUP CORP long hours volume + vwap long
Riot, bit overbought, testing upper line, expect reversal off the top fork, small chance it could be confirming new channel, will know in 2 days time.
Hi there, fellow traders. As we begin a new month, here is an overview of both high, mid and low time frames (from monthly to 15 mins), according to fib casts, Price Finder and OBV. Hope this helps! Cheers! PHInkTrade
''BUY MARKET ORDER'' Why buy? Bullish 1.272 extension Entry: 1.272 Stops: 1.618 (-2 PIPS) Target: B Comments: Moving stops to BE if we see a 61.8% retracement at 1.202xx Good luck to everyone buying Euro!
I want to discuss stock market bubbles versus new highs and bull runs. Many of you, I am sure, are concerned about the current market climate. Economies in recession, industries on the brink of disaster, high unemployment, Covid, and a multitude of other issues. But Mr. Market does not care about your worries; Mr. Market cares about the availability of cheap...
Decided to share my bullish bias with this chart on gold. Bullish bias: 78.6% retracement in 1/3 time Bullish hidden divergences in volume (and momentum, however volume is plotted on chart) Initial target is the total distance from A-B projected from C, coming in at aprox. 1998$ for gold, which in turn completes the bearish AB=CD. Other potential targets plotted...
Looks primed here. Price broke the long term downtrend (144EMA) and retested perfectly. Short EMAs are in a healthy uptrend as is the OBV. The fields on the OBV printed a 5 while making a new ATH which for me is extremely bullish. Took the trade at 0.00000977 BTC for a clean 6.5RR (stop below 144EMA, TP at last real pivot (conservative)).
Test of dynamic channels and some statistics made by hand. This indicator was done specifically for the S&P500 index. As you can see, below the 125 EMA there's a lot more volatility than in the upside. I've made some kind of a dynamic linear regression of the lows and the highs. How to use this indicator Green = First grade support/resistance. Orange =...
Trying to mimic fear and greed indicators, comparing with SPX I add some red crosses where the indicators dipped under 40, flagging a real dip in the broader market
So the rules are: 1. EMA 9 crosses up HULL 50 after a long impulse down 2. Price breaks out 3. Move is accompanied by OBV above zero line Let's see if this works.