Heiken Ashi chart on both 4h and 1-day chart validated a bull trend. Looking at indicators across both time frame, Relative momentum still holds above 50 and Money Flow Index still maintains a positive slope overall. _1st scenario is we slowly break 8600 and make it a support level (less likely since intraday charts has shown some overbought signals) _2nd...
After high volumes, marked as blue arrows BTC has high movements. Beside the red volume bar after first 2 arrows, the prices go up. The third one also red but after it, prices went short up and drop down dramatically. 02-06-2018 the 4th bar is the highest one and the color red again. In my opinion, 6000 BTC/USD is the turning point of BTC. I expect 11500 ...
I've marked bullish signals in green and more neutral ones in orange. There are some bearish things you could point out, but this method only considers the signals pictured. As in my previous bitcoin ideas, the idea is to look for the best long entry over the next few hours. Breakouts from the cloud are usually followed by a period of consolidation before making...
I should have bought long HERE when the Heiken Ashi changed direction, but I missed it. But I'm still in profit. I entered on the big green arrow. "Buy the dip" on a bullish run. Use Heiken Ashi for a smoother entry. There's only 3 rules for this method. 1.Define Trend 2. Wait for pullback 3. Enter on first candle after the pullback. So if you have an overall...
As crazy as it seems, recent price action suggests that the bulls aren't finished yet. It's pretty typical for us to consolidate for a few bars after a big candle like this, so I'm scaling in my long over the next few hours. The risk on this trade is definitely higher than the previous one. We're much further from support making a drop more likely, and meaning...
GOLD is showing some signals of an end of the bearish retracement, so i will wait for a complete cross of the Stochastic and the first green candle on the Heiken Ashi chart. As Always Trade with your own mind but feel free to take idea ;)
It seems really oversold in daily Currently retesting EMA 200 Volume increasing 4 hours shows a Doji Heiken ashi candlestick followed by two green candlesticks If a third candle forms on 4h things may get interesting 4 Hours chart:
In a clear sign of a continued downtrend, Natural Gas moved lower on the day to close below the miid point of the Bollinger Bands. Following a Heikin Ashi doji on Monday, the solid red Heikin Ashi today left little doubt of a continued downward trajectory. You can also see the 7 day moving average turning downward as well. Baring unforeseen events, my current...
Natural Gas today stayed range bound, unable to break the 3.087 price. That price is also at the middle Bollinger Band. Support for the day is provided by the 7 day moving average, the purple crosses on the chart. There are some signs that price wants to go higher. The Heikin Ashi Delta indicator is blue, signaling an upward move. And usually you would expect a...
AUDNZD Heikin Ashi up trend reversal set-up on H4 chart.
AUDUSD Heikin Ashi reversal set-up confluence of Renko reverse.
Gold traded higher today, closing at 1240.1, up 5.8 points on the day. While the move was great for the bulls, the precious metal ran into strong resistant @1243.7, the highs from last week. If Gold continues to move up tomorrow, that will mark the 3rd consecutive week up and the 7th out of the last 8 weeks. Here's the weekly chart: On the main chart above, I've...
Gold dropped 8.1 points on the day to close below the 8 day moving average. As the dollar rose, gold sold off and finally cracked the 8 day ma. It also closed below the forward adjusted closing price line represented as the cyan line. There is now a high probability that gold will touch the 20 day moving average which is the midpoint of the Bollinger Bands. The...
Thursday started off promising with Gold hovering around the 1242 level. But then the dollar DXY broke out above the midpoint of the BB and Gold fell, closing the day below the 6 day moving average. At it's low, it touched the 8 day moving average were I am sure many people had their stops. As the Friday session begins in Asia, Gold continues to fall....
Gold continued to move higher today, closing at 1243.1, a gain of 7.9 points for the precious metal. The US Dollar Index $DXY fell today which helped fuel Gold's rise. As I pointed out yesterday, the dollar had closed under the midpoint on the BollingerBand after having tried to break through that line of resistance and I thought that it would move lower today....
After the big move up yesterday, Gold took a pause and closed down slightly to end the day at 1235.5. The low of the day touched the 1.5 Std Dev Bollinger Band at which point buyers stepped in and bought in anticipation of the next move. On a day where the dollar strengthened, Gold maintaining it's position can be seen as bullish. On the chart below, I've added 2...