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Ascending Triangle breakout for GTII GTII appears to be one of the cannabis companies in America holding their market cap relatively intact. There is an ascending triangle pattern on the verge of breaking out, and like clockwork cannabis reform in America is a hot topic to capture voters of all ages. “There’s no excuse for our not being in the forefront for something that is now legal for 97 percent of the American public and, where people have a chance to vote, they vote to change the policies,” Blumenauer said. “I am hopeful that we can see some action following through on the legislation I passed—but, more importantly, on the things that the American people want.”
CSE:GTII
by satoshi123
Navigate the Markets with PressureO DMI Idea Description: Introducing PressureO DMI: the culmination of a 13-year journey through the world of trading, encapsulated in a single, powerful indicator. Crafted to cut through the market's noise, this tool is your ally in decoding the subtle cues that signal shifts in momentum and sentiment. Rooted in Real Trading Experience: PressureO DMI isn't an abstract concept; it's a practical instrument forged in the fires of daily trading. It's a distilled essence of market understanding, offering you a nuanced view of the forces that move the markets. With an emphasis on directional movement, this indicator simplifies complex market conditions into actionable insights. Your Tactical Compass: Trading requires more than just data; it demands context. PressureO DMI provides that context by overlaying directly onto your charts, offering a visual guide to market pressure points. It's designed to enhance your interpretation of market trends, helping you to identify potential entry and exit points with greater confidence. Strategic Clarity: With adjustable settings for length and smoothing, the PressureO DMI adapts to your trading style, allowing you to tune into the market's frequency. Whether you're a day trader seeking agility or a long-term investor requiring broader strokes of insight, this indicator scales to your needs. A Preview to Proficiency: For those curious to experience what a blend of data-driven analysis and seasoned intuition feels like, the PressureO DMI offers a free version. It’s a taste of strategic clarity, a preview of what it means to have a tactical edge in your trading arsenal. An Open Invitation: Try the PressureO DMI today and step into a realm where data meets intuition. You're not just applying an indicator; you're adopting a piece of market wisdom, a slice of a trader's life-long quest for consistent performance.
NASDAQ:TSLA
by LeoinP
2
DIRECTIONAL MOVEMENT INDEX (DMI) EXPLAINED The Directional Movement Index (DMI) is a technical indicator used in financial markets to analyze the strength and direction of price movements. It was developed by J. Welles Wilder and is a component of the larger Average Directional Index (ADX) system. The DMI consists of two lines: the Positive Directional Indicator (+DI) and the Negative Directional Indicator (-DI). These lines are used to determine the strength of upward and downward price movements, respectively, and to generate trading signals. Here's how the DMI works: Calculation of True Range (TR): True Range measures the volatility of a financial instrument over a given period. It is calculated as the greatest of the following three values: The difference between the current high and low prices. The absolute value of the difference between the current high and the previous close. The absolute value of the difference between the current low and the previous close. Calculation of Directional Movement (DM): Directional Movement measures the upward and downward movement in prices over a given period. It is calculated as follows: Upward Movement (DM+): If the current high is higher than the previous high, and the current low is higher than the previous low, then DM+ equals the current high minus the previous high. Otherwise, DM+ is zero. Downward Movement (DM-): If the previous low is lower than the current low, and the previous high is lower than the current high, then DM- equals the previous low minus the current low. Otherwise, DM- is zero. Calculation of the Average True Range (ATR): ATR is an exponential moving average of the True Range over a specified period. Calculation of the Positive Directional Indicator (+DI) and Negative Directional Indicator (-DI): +DI: It is calculated by dividing the exponential moving average of DM+ by the ATR and multiplying the result by 100. -DI: It is calculated by dividing the exponential moving average of DM- by the ATR and multiplying the result by 100. The +DI and -DI lines provide information about the strength of upward and downward price movements. When the +DI line is above the -DI line, it indicates bullish strength, suggesting that buyers are in control. Conversely, when the -DI line is above the +DI line, it indicates bearish strength, suggesting that sellers are dominant. Additionally, traders often look for crossovers between the +DI and -DI lines. A bullish signal occurs when the +DI line crosses above the -DI line, while a bearish signal occurs when the -DI line crosses above the +DI line. These crossovers can be used to generate buy and sell signals. The DMI is often used in conjunction with the Average Directional Index (ADX), which measures the overall trend strength. The ADX can help confirm the signals generated by the +DI and -DI lines. It's important to note that the DMI is just one tool among many used by traders and investors to analyze markets, and its effectiveness may vary depending on the specific financial instrument and market conditions. It's advisable to use the DMI in combination with other indicators and analysis techniques for comprehensive decision-making. Visual Examples of how to use the tool. You may also consider changing chart types to Hieken Ashi in order to smooth price data to prevent false trend changes You can see in the image below a lot of the false trend changes where remove The Average Directional Index (ADX) is a component of the Directional Movement Index (DMI) system and is used to measure the strength of a prevailing trend in the market. While the +DI and -DI lines of the DMI indicate the strength of upward and downward price movements, the ADX provides an overall assessment of the trend's strength, regardless of its direction. The ADX is calculated based on the smoothed averages of the +DI and -DI lines. It is typically displayed as a single line on a separate chart, ranging from 0 to 100. The interpretation of the ADX reading is as follows: ADX below 20: This indicates a weak or non-existent trend. It suggests that the market is in a consolidation phase or is experiencing erratic price movements. Traders may choose to avoid trading or use range-bound strategies during such periods. ADX between 20 and 40: This suggests the development of a trend. As the ADX moves toward 40, it indicates increasing trend strength. Traders may consider entering trades in the direction of the prevailing trend, as it suggests that the market is becoming more directional. ADX above 40: This signifies a strong trend. A rising ADX indicates a strengthening trend, while a falling ADX suggests a weakening trend. During such periods, traders may prefer trend-following strategies and look for opportunities to ride the momentum. ADX above 50: This indicates an extremely strong trend. A reading above 50 suggests a robust and well-established trend. Traders may choose to stay in their positions and avoid counter-trend trades. It's important to note that the ADX does not indicate the direction of the trend, only its strength. Therefore, it is often used in combination with the +DI and -DI lines to confirm the presence of a strong trend and its direction. For example, when the ADX is rising above 20 and the +DI line is above the -DI line, it suggests a strong bullish trend. Conversely, when the ADX is rising above 20 and the -DI line is above the +DI line, it suggests a strong bearish trend. By considering the ADX in conjunction with the +DI and -DI lines, traders can gain a more comprehensive understanding of the market conditions and make informed decisions about entering or exiting trades. Visual Example of the use of the ADX line below
Education
by ChristopherDownie
Cryptoindex 100 analysis (CIX100)Introduction Cryptoindex 100 is an index of top 100 coins, obtained from a proprietary algorithm called "Zorax" . "Over 1,800 coins are put through our fixed set of filters, which provides around 500 coins as a rough output. Data is collected from cryptocurrency exchanges, news, social media, such as Twitter, GitHub, and other sources. The collated data is used to extract over 200 factors that create a refined ranking in the index. Then, the factors are fed into the neural network, creating a final rating of coins, with the top 100 coins making up the Cryptoindex 100". Graphic Analysis The index is testing the resistance of 2. In a bullish scenario, it needs to break through the diagonal white line and still move through the 200 simple and exponential moving averages.
C
by andre_007
ADX + DMI + LineReg Live TradingI used the replay trade function to test out ADX+DMI + using a LineReg to set TP + SL areas. I thinked it worked pretty well trading USD/JPY for the week of 1/9/2023. Success rate was 66.67% but I wasn't having strict trading rules since I was trying to trade how a normal would psychologically. I think with follows stricter rules this could have higher percent win rate & higher profit. Even with losses I was hit with I still cleared over $2000 for the week. Please ignore my girlfriends family as they are cleaning out a closet lol
by niksidnayr26
1
Coinbase comes in at $30 🐻❓🐂 On both the weekly and daily charts, the Stochastic Momentum Index (SMI) oscillator is in an interesting buy region. 📈 Daily chart: On the daily chart, there was a 🐻🔫 bear trap signal. I think a possible target is at $41.89. In this troubled region marked in the yellow rectangle, there will be a window of opportunity for 📉 shorts, with a target of $30. ⚡Volatility contraction 📈 Weekly chart: 📈 Daily chart: The 21-period normalized ATR indicator on both the daily and weekly charts is showing a contraction in volatility. Touching the 21 average with the possible breakout could signal a strong move, independent of direction.
NASDAQ:COINLong
by andre_007
Chart and fundamental analysis of Iris Energy Limited (IRIS)The operating result for the last quarter was published recently, on November 30, 2022. 1. Graphic Analysis As the company's core activity is Bitcoin mining, it is important to analyze the correlation with the price of Bitcoin. As you can see in the graph below, most of the time the correlation is positive. It seems to me that the price is at the end of wave 5, about to reverse the downtrend, which has lasted since the beginning. The DMI SMI Oscillator exhibits a bullish descending wedge. This same interpretation can be obtained on the RSI: 2. Fundamental analysis Net income has held steady for quite some time at $72 million. As of Q1 since year 2022, it has declined to minus -$2 million and has since been stable. The same reasoning can be applied to Earnings per Share versus Estimated Earnings per Share . The balance sheet remains healthy, with assets greater than liabilities. Even if there is a need to settle the net debt after the sale of assets, it would be comfortably honored. With regard to cash flow, money from third parties continues to decrease, which is positive. Money spent on investments follows a negative flow. A negative value of Cash From Investing Activities can show poor performance, but it can also be a sign of increased investment activities. While cash from operating activities remains stable at $4 million. The point to note negatively is the free cash flow, which has drastically reduced to -$210 million.
NASDAQ:IRENLong
by andre_007
AscendEX Analysis (ASDUSDT)⚡ I'm keeping an eye on exchange tokens for any danger alerts. ⁉️ I don't know why this ASD token is going up (leave your comment)... 🐻 On July 11, 2022 we had a bear trap. 🚀 Since then we have had an appreciation of 1,444.50%... 🤔 Could it be that the catastrophic events to come were already priced in this event? ⛰️ If even after the FTX collapse, the token didn't go downhill, most likely we've already found the bottom. 🏹 Speaking of now, a diagonal resistance break is about to happen.
ALong
by andre_007
Bitcoin looking more interesting!Bitcoin has broken above the one year downtrend and after months of trading around the 18000 mark, has now built up a decent floor of support below the market. We have, what I refer to as a confirmed buy signal on the DMI. This happens when not only is the blue line above the red line (+DI above -DI) but when the blue line breaks above the previous blue peak. It's looking more interesting at last! Disclaimer The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current Disclaimer: opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
CME:BTC1!Long
by The_STA
Unit value of BTC walletsAt first this is an analysis just out of curiosity, maybe it doesn't mean anything... The marketcap of a cryptocurrency is obtained by multiplying the price by its number of units in circulation. Then: BTCUSD = U$ 19 K BTC_SUPPLY = 19,176 M units BTC MarketCap = BTCUSD x BTC_SUPPLY = $365.3 B What would happen if the market value were evenly distributed among all wallet addresses? Calculation: BTC MarketCap = $365.3 B Number of BTC's wallet addresses = 1,036 B Unit value per wallet = BTC MarketCap ÷ Number of BTC's wallet addresses = U$352 Graphically speaking, the value is in an interesting region, at the 0.618 Fibonacci retracement.
CRYPTOCAP:BTCLong
by andre_007
2
Altcoins' last bull rally before a tumble?In this graph we have the dominance of altcoins disregarding stable coins. The calculation is done as follows: TOTAL = Crypto Total Market Cap TOTAL2 = Crypto Total Market Cap excludes BTC USDT = Market Cap of stable coin USDT USDC = Market Cap of stable coin USDC DAI = Market Cap of stable coin DAI So: Altcoins Dominance % = (CRYPTOCAP:TOTAL2-CRYPTOCAP:USDT-CRYPTOCAP:USDC-CRYPTOCAP:DAI)/CRYPTOCAP:TOTAL*100 Looking at the chart the index is in a bearish channel. It will apparently test the top of the channel at wave 4 resistance. If this channel breaks, we will have an extremely bullish scenario, surpassing all expectations, due to the horrible macro scenario. Otherwise the downtrend continues, heading towards the end of wave 5.
CRYPTOCAP:TOTAL2Long
by andre_007