This is my weekly, monthly and quarterly Pound forecast.
The uptrend is very strong but might have reached critical mass already, and is bound to correct very soon.
I plotted potential levels and signals based on time at mode analysis of it.
Right now, I'm bearish on the Pound, in the short term, but bullish in the longer term, so I'd like to wait to buy the...
We have one more push up left before this turns into a massive short in my opinion.
Right now, I had a short running, from a lower timeframe entry but I'll cover and go long at the support level in green, which also matches an 11 bar daily mode.
Look at the momentum indicators, I plotted a derivative oscillator, composite index and RSI with averages to illustrate...
Same as EURNZD, this is about to confirm.
We can enter now and also on a retracement.
1st entry: 2.40595, sl at 2.3383, 1 pip under the mode.
Good luck!
If price closes without retesting the mode, we might see a steep decline ensue.
Entry is at market (below the previous daily low), and the stop loss at the mode.
Good luck!
Ivan.
I'm applying this strategy to my holdings, it's based on Tim West's ideas, which I already quoted in my previous ETHXBT charts.
I added the weekly profile chart to illustrate the fair value areas, as well as the instante rejection/low time spent at price support and resistance, where larger players liquidated (and bought in).
If ETHXBT gives us a bullish signal...
Many people will turn bearish here, I'm incredibly scared of taking this trade myself, so I'll try to short today's 50% retracement to enter risk free. I still want to try this.
The setup is to buy the retracement, as low as it gets, while above the mode.
There's also a range expansion bar in both weekly and monthly timeframes that gives us a chance of buying...
I came up with this based on one of Tim West's publications from today.
It seems that this indicator produces some really high quality signals when applied to the Vix itself, to trade S&P500 futures.
Check it out, maybe you can come up with other variations of this technique.
Seems like something I'd like to try asap.
Good luck,
Ivan.
Ethereum seems to have picked up on activity after being really illiquid for the past week.
We have a clear mode at 0.0051, and an interesting volume and range expansion out of it.
If we start seeing new highs every 5 days at the very least, we can say that the uptrend has resumed and we can expect to hit prices over 0.0081 again.
I'm rebalancing my portfolio,...
Can eurusd rally past the quarterly resistance?
With the intense fall in the equities today, I think it's possible that eurusd rallies and confirms this time at mode weekly uptrend.
Rgmov broke a trendline and it seems to have bottomed for the time being.
The level to break is 1.13958, today.
Once past it, we should see new highs really fast, and start travelling...
I'm entering short here, rgmov doesn't agree with the recent rallying and we have one daily range expansion bar that failed.
There is a 16 week mode above, and quarterly, monthly and weekly range expansion resistance.
If this week closes under this mode, it will confirm a decline to parity, roughly.
Today the Fed statement seemed dovish to many, and there are a...
I'm not buying more, but I'm not selling either.
It seems that btcusd is bottoming around here, as shown by the price chart.
We can observe falling volume in the selloff, and more than 5 days without new lows.
It's a complex chart, and conventional analysis methods won't work well with it.
The trend is mostly formed by the current mining production, the markets...
We have a clear long setup in Ethereum.
A low volume selloff after the uptrend expired and we reached some hysterical highs.
Current setups implies that if this bar doesn't reach the bearish target signaled by the box before it closes, it's possible to see price reverse from here.
I labeled the range expansion bars on the daily (which looks like a perfect uptrend...
I wouldn't know about the fundamentals, but what I do know is that the Ethereum market is trading with very high volume, and that the ETHBTC chart looks really bullish.
Sadly I can't publish my chart here, since Tradingview doesn't include Poloniex in the list of Bitcoin exchanges it offers.
After they introduced margin trading and lending, they became hugely...
Entry on chart..
Look at rgmov, despite the advance it barely bulged, CCI went back over -100 but the zone we're in is a strong monthly and weekly range expansion resistance.
The entry is pretty tight so I think it's worth a shot despite the lower odds.
Good luck!
Cheers,
Ivan.
The Nikkei is offering a nice tight entry on the long side.
Risk 1/2 position on this one, entry is market now, stop at 20462, tp at 26720.
Will trail the stop on a daily basis.
The quarterly chart shows a valid uptrend in place, with time left until July 2016.
We are also above the biggest time spent at price level in the whole chart's history, with the next...
This is an update to my last Dax long setup.
The daily chart range expansion trade got stopped, but since the time at mode setup is a weekly one, we can also attemp to go long using this entry instead.
I'm long already and keeping my stops at 11314.
The mode currently sits at 11401, with the current lows staying clear of this level.
If we manage to stay above...
