Centered Oscillators are leading indicators that oscillate above and below a midpoint and typically don't have an upper or lower limit. Because there is no range limit and these unbounded indicators can technically go as high or as low as they want, overbought and oversold conditions are not easy to find, though extreme readings are used in some strategies. These technical analysis tools each have a different internal logic and most (though not all) are used to gauge the strength or weakness of momentum.
Step #1 Wait for the Price to Break and close above the Ichimoku Cloud
Ichimoku cloud trading requires for the price to trade above the Cloud because that’s a bullish signal and potentially the beginning of a new up-trend.
The cloud is built to highlight support and resistance levels and it’s supposed to highlight several layers deep because support and resistance ...
Free fall we definitely did when we sliced right through that support block in my last chart.
Bounce will be commencing shortly, 8100 is the target for this insane dump. Worst case scenario would be 7900-8000 area before the chaos stops. I don't even want to think about any lower, just doesn't seem likely with out a bounce first!
We've had enough ready your ...
Hey, I am back with Another Technical Analysis, this time looking at EOS.
EOS has seen a strong bullish run, and after every run, there is a need for sell off - profit taking, correction.. Many people are calling this a dump or similiar stuff which I can explain only that these people arent in this market like home, doesnt understand the basics of cycles, price ...
AUD/USD is looking extremely Bearish atm, following the bearish ascending trendline break to the downside, we saw the 0.74 handle tested. currently bulls are in control trying to regaing the 0.76 handle however, we remain short on the initial DS break, whilst we wait for the market to pullback and retest the 0.7650 zone which is a mid-round number for a further ...
MACD 4hr reversed. AST kissed the support line and bounced right off of it. Good signs for the next target of ~8069 satoshi.
Things are very shaky thanks to BTC, trade at your own risk! I'm expecting a big dip soon in BTC.
Price in an obvious down trend
Anticipating a retracement phase
NFP is the end of the week
Probability this price action will reverse because:
Price would move to a more neutral position before Friday
Price stretched far from ma's core center
Macd stretched far from zero line
Macd over sold
Possible Fractal Bullish breakout setup developing at current price action
The Pound offers a great set up to enter longs here, with very good risk/reward. If filled, we may average in during the next 3 days, with the same stop, if we enter a half position initially with our buy stop order, breaking above Friday's high. Stop just below Friday's low.
Best of luck,
Ivan Labrie.
Looking at TRXBTC the MACD is crossing bullish and the cup and handle is almost done which is making me expect to see and large jump in price. Not trying to be a shiller, but I'd say this is a good time to get some quick profits in.
First post - I actually don't know what I'm doing, clearly I'm just here for free wi-fi.
Thought I'd put in my two-cents on "Bull or Bear?" conversations out there.
Sitting at the Major Support Level around $8500 which is right at 50 day MA and below 200 MA.
The Ichimoku Cloud suggests a rise up.
RSI close to 50
The MACD crawling in the bearish ...
Ever since we have broken the downtrend resistance line, BTC has had sideways movement within this channel
We will break it when we find support at the top of the channel. Right now, with the RSI and MACD well into the overbought, I am cautious saying we will.
Ticker: COINBASE:LTCUSD
Timeframe: 15min/2 days
1- RSI ticking down to complete wave 3 to 4.
2- MACD ticking down.
3- If the Elliot wave analysis is correct COINBASE:LTCUSD is ready to move from a wave 3 to a wave 4 in time with the MACD and RSI cool off.
4- If the elliot wave analysis is correct we should see approx. $150 as our next stop once we ...
Hi!
Today I would share with you my idea on XLMBTC
From the 4hr chart, we see that a cup and handle is almost completed,
in addition to that, an ascending triangle has also been formed inside the handle!
and finally, MACD is still bullish.
Disclaimer: This is NOT a financial advice!
Goodluck!
I BELIEVE THAT PRICE FOR GBPJPY MAY LOOK LIKE IT IS MOVING SLOW BUT IT IS CREEPING ON A BIG BEAR RUN. THE FACT IT CANNON GET PAST THE DOTTED (WITHOUT THE ASSISTANCE OF NEWS) I STRONGLY FEEL LIKE THIS PAIR WILL HAVE A NICE BULL RUN.
Dear Artemis, I have noticed that Litecoin is touching a thin line, a thin line that connects the high of April 5th 2017 with every significant low that Litecoin has had during the last year.
A line that represents the uptrend with the dreams and ambitions of every bull; bulls who have managed to erode the downtrend in margin positions and are outnumbering the ...
Strong bullish divergence on 4H and mostly all other small timeframes.
Good entry for a long.
I just added more to my position.
Just an opinion. Stay safe, traders!
