$SPY - with its consistent grind for the month of April, we have finally found ourselves approaching ATH (All time highs) from back in October 18'. All indicators illustrating market breadth is exhausted and due for a pullback. With earnings and volatility arising in the majority of S&P names, we will be mindful of both directions the market can take. For healthy...
Bitcoin's Network Value to Transactions Ratio is on a critical point here!
If you are interested in learning more I highly recommend to check out Willy Woo's blog where he goes in full detail on this particular method.
BITCOIN (BITFINEX:BTCUSD) is testing the upper border of the ascending channel. Two attempts were failed during the past hours. There may be another test, but with a high probability, a Pullback may happen soon.
Overbought / Resistance (Yellow) in 30 minute, and 42 minute time frames.
In 15 minute, a Double Top Pattern is formed.
MACD Divergence in 30...
Divergence is one of the best technical analysis theories. Although not 100%, a very high probability of profitability is well known.
This idea lists most of the instances of divergence on BTCUSD (Coinbase) since $19892 summit of December 2017 on 2H interval.
9 Seasons Rainbow Multiple Time Frames Pattern PRO
Base Time Frame: 2H, most...
Dow Chemical has been in a bullish trend since 2009. It has been in a narrower bullish trend since January 2016. On a few occasions through this trend, three of the technical indicators discussed below are at similar levels that they are at now. These instances have resulted in short-term losses for the stock. I have also conducted further analysis based on other...
Japanese Top Author AKUBI_FACTORY Predicted the Dump of ETHUSD 12 hours in advance, by using "9 Seasons Rainbow Multiple Time Frames Pattern" Indicator and traditional indicators: RSI and MACD.
Time Frame: 4H
Percentage of Drop: 12% so far
Overbought / Resistance (Yellow) in "9 Seasons Rainbow Multiple Time Frames Pattern"
$SPY - our $283 level of resistance finally broke over with the market busting over and gapping up this week. Spy currently sitting at $288.26 at time of post. Highs of market are at $293.85. 7th green day in a row, constant gap ups making it hard to get day trades with market breadth sucked out before market opens. In individual names, I have been take about 30%...
Overbought is well known by traders.
But, what on earth is "Crazy Bought"?
Before, it is hard to explain and let people understand "Crazy Bought".
After two days' pump and dump, it should be easier now.
Crazy Bought is a new term defined in "9 Seasons Rainbow Multiple Time Frames Pattern" Indicator, which is one of the 9 Seasons: Bull (Green), Bull Pullback...
Disney had a preview for Disney+ while I am personally impressed with what they will be doing there stock SURGED way overvalued for a service that isn't coming out till November. Get ready for a pullback! If you want to go long wait for the pullback then go long!
in 4H chart :
Top of the parallel channel
Overbought in RSI indicator
4H resistance level
Entry : 112.10
-Stop : 112.35 (25 pips)
-TP1- : 111.82 (28 pips)
-TP2- : 111.25 (85 pips)
* This Order is valid until Monday of the next week
In daily chart :
Daily resistance level
I see this cross really overbought , it may sell but once again I am not selling unless it breaks through my neutral zone with strength and I may go long if it breaks the 50% downwards and then upwards again