Encouraging price pattern but not totally in the clear. Any move below 41260 wud have me out. But pattern possible now could mimic move up Jul 20 – Aug 1, ~11 days, w 52,000 in sight I’d expect at least that many days, 11-15 days (with some drop around 6 days). We r in day 3 up now, and I’d expect minimum move up to ~52000 mid Oct, then a drop back of 40% of...
The full analysis is well worth the read. CCI signaled BUY 2 days ago. The delay in upward movement is between 1-3 days (the median delay is 1 day). We are beginning the third day today which means upward movement should be imminent. Of the 15 times the RSI algorithm has signaled on the daily chart has lead to the stock rising a minimum of 11% over the next 35...
As you know, CCI(Commodity Channel Index) is the indicator of how difference from MA(Moving Average). If CCI(period) value is 0 then it is the same value of the SMA(price, period). Indication of overselling or overbuying will be counted by -100 and 100 value of CCI. What I chose value is 240. which is almost a year of period. My signal will be plotted this long...
y/d BTCUSD Daily gave the CCI signal to add, where we were watchiing at the 38.2% retrace area. While the signal was 13CCI crossing up thru a down-trendline, the probability that it would happen was signalled earlier in that the unformed right shoulder of the tiny inverted H&S right there was clearly going to be higher than the left shoulder., telling mee that Up...
Looks like AUDJPY is trying to retrace back to the 30min down trendline or even the hourly down trendline. Waiting to see if CCI and RSI can get into overbought areas at those trendlines. Might want to drop down to the 15min for triggers new those trendlines. Use a trendline break for Entry. We will see how this develops in the coming house. I will keep...
13CCI crossed up thru a down (tl), signal for Long. A good place to add to previous Long, as long as one is nimble and exit if a signal to reverse to short occurs when high is retested. see marked chart. I don't need to post if that happens. It is described now. but it would be safer to add longs if price goes above swing highs
H4 CCI offers a spot for adding to short here ~47600, from a 13CCI tlb and still no divergence, which suggests more down. However, The Daily 13 CCI triangle apex is barely below zeroline, plus divergence for move up into Aug21 is tenous on the price cycle beyond then, saying stay nimble. As always, the reversal signal would be a CCI break up thru a down tl
46-47K Short signal from 13CCI break thru up-tl. A more conservative signal would be to wait for Daily second candle red close below 50 sma SAR Long for H4 will be CCI tlb up thru down tl.
Update comment on previous post showed H1 short signal 46,000/ This H4 chart is marked with what will be a short signal if barclose is still crossing down thru up tl. Im going to bed. Note support only 2-4000 below if you short. Stay nimble for long signal when CCI crosses up thru down tl
Previous post Short is still in effect for H4 timeframe, but will have a Long signal when 13CCI crosses up through a down trendline. Because any move up from the 38.2% retracement off Jul 20 upmove could be powerful, I'm showing the earlybird H1 view of CCI showing divergence, and likely being within a couple of hours at the earliest, of crossing up thru down...
H4 BTCUSD has met the 3 requirements for assessing with high probability, that a high is in. These have been posted many times and are shown on this chart However, I have never evaluated the steps on such a volatile product as BTCUSD. What I have said is that if the first 2 steps are completed, but not the 3rd, then we start over at 1) looking for a 3CCI diver....
Jul 30 13CCI crossed up thru down-trendine, the signal for Long, as described in previous post Short signal would be a CCI break of an Up-trendline
Even with late post for Long, BTCUSD is up 39800-31598 = $8202. There was a tlb for short at the first CCI hook down, but I decided to await retrace to price high to see what CCI said then. So now wehave a CCI divergence and another clear CCI tlb, so I will short here, and be nimble. Long signal will be when 13CCI crosses Up thru a Down trendline
I hate late posts. Lost hard drive. y/d Jul 20, BTCUSD 4 hr and Daily had 13CCI trendline break signals Long. Fine to have taken those. However, my answer to whether the low is in yet requires 1) first, a divergence of 13 CCI in next price cycle (we don't yet have that) 2) retest of price low (we have that, but need to have it follow the CCI diver) 3) CCI...
In a big picture, standing aside until price breaks above $41.5k or below $28.5k can save a lot of whipsaw unless one is nimble, has low fees on trades, has limit and stop orders available, and is a good chart reader. For those wanting to use 13CCI signals to trade in/out during this extended consolidation, daily CCI is currently on a short signal. It would...
>61.8% retracement of upmove May 29 -June 3 suggests more down to full retracement or more 13CCI pattern is still strongly negative, and the CCI triangle apex is still well below zeroline, strongly favoring Downmove in price. Price H&S target is the horizontal red dotted line down near $20k However, things can change rapidly with political manipulation, so be...
Both Daily and H4 13CCI have a short signal from trendline break on CCI. Can this overcome a wedge on weekly chart? If so, first target may be the H&S target, and if no bounce there, there is a lot of open space below for a few hundred pips. Long signal will be when a down trendline on CCI is broken to upside
Head and Shoulders target marked on chart is below the fib retracement tagged last week. 13 CCI is turning up but it may be temporary. For a real upmove, After any divergence, normally we need a retest of low, then a move of 13 CCI above -100. However, should we get a lower new low, we have to start over looking for Longsm looking first for divergence in next...