The market reversed since our last BAT trade, where we took good profits on the long and were looking to possibly re-enter long.. However, the indicator signalled a short setup, which triggered us into a short a few candles ago. We now have extreme overextension signals, and we're nearing and nearing a support area. Because of these two things I moved my stop to...
The alt coin markets have been moving nicely, but BTC still is stuck on its short setup. This can of course change, but at the moment we’re still looking short. We’ll have to wait and see what tomorrow candle brings us, we might get triggered short if the breakout level is broken, or the short setup may be invalidated. 4HR The 4HR triggered long at (1),...
Breakout out of descending triangle OBV showing more buying pressure then selling as of late strong horizontal support
BTC Double tweezer top, and RSI losing strength signifies incoming DIP. Lets see if BTC can hold on to 6.5k and lower 6k range.
Small break out, low volume. might be a bull trap. lets wait and see. RSI shows that its overbought ( 4hourly ) Unless can make it to 0.5, $7275 range with conviction. Original count still remains to fall to lower 5k range.
Testing out a different strategy. Keeping an eye on this over the next day or so to see if my understanding needs a tweak. Continued Downtrend w/ Multiple instances of correction wedges indicating the continuation of trend. News in the coming days could affect how this plays out
BTC has followed its first close above the 20EMA (Dark Blue) since the 20 EMA feel below the 50 ema in late May (Yellow Vertical Line). Its confirmed the BULLISH sign with a bounce and move up providing the first real BULLISH Technical sign in some time. The bounce not only tests the moving average but the 6595 Horizontal level and this is important for two...
Here we go, the 4hr candle was green and now has turned red in it's final stages. Will it continue on it's red trajectory? I believe it will and BTC could be heading to $6600 just days away now from the 6th? More to come... Not Financial or psychological advice.
Everybody is here to figure out when we will get a reversal. I have posted my simple straight forward chart showing a possibility of reversal. I will not talk about moving averages , wedges or telling you that I love you. Simple easy to read and to the point. One more thing, I will always include " might ". Nothing is for sure. Its only my opinion not financial...
I just wanted a single application that would allow me to check/uncheck the MAs I wanted to see for various time frames. I've been using the 7 and 30 period for weekly observations of crypto and the 20,50,128 and 200 for other views such as the 20 day, 50 day, 128 day and 200 day MAs. This allows me to open the settings and uncheck what I don't want to see and...
Price has respected the blue trend line perfectly 3 times and on the 3rd it has made a bullish engulfing candle stick. If you look at the 1hr time frame the price has made a flag and this could be the entry i wanted.
Got tired of having multiple moving average indicator on the left side of charts. Wrote this to reduce the long list of indicators on the left of the screen. Allows you to set 4 EMA and 4 Simple Moving Averages with one indicator. Allows you to have 4 Simple Moving Averages and 4 Exponential Moving Averages with 1 indicator. Also, added a Period High simple...
Following some previous examples that have done very well, Simple Token seems to be heading the same direction. We already saw it with Verge , where I highlighted the cup & handle potential, but also the sell moment (the day of its major announcement, a typical dump day). We saw it with ICX , for which I've been on the spot for over 20 trading days (just...
There's similar ones out there to this. I changed the commonly used 100 to 128 since I've found it more in tune with BTCUSD I also have the colors: Gray for the 20 MA Blue for the 50 Lime for the 128 Red for the 200 Stock is SMA, If you prefer to use Exponential you can check the box in the settings ...I more often use the SMA
We are in a downtrend within a larger uptrend channel, there is still plenty of room to go down a little. We need to wait for price action around the bearish upper trend line.