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Forex Divergence Watch: EURO Pairs 20190419Euro Pairs being monitored: EURAUD, EURCAD, EURCHF, EURGBP, EURJPY, EURUSD Time Frame: 30m - 1D EURGBP: Bearish Divergence / Resistance on 170m (3H), Yellow EURADU: Bullish Divergence / Support on 680m (11H), Blue EURGBP 170m MACD, RSI EURADU: 680m MACD, RSI DISCLAIMER This is only a personal opinion and does NOT serve as investing advice NOR trading advice. Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
by go8686
Is Divergence Really Irresistible?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. Indicators used: RSI MACD 9 Seasons Rainbow Multiple Time Frames Pattern PRO Base Time Frame: 2H, most upper ribbon of "9 Seasons Rainbow" Longest Time Frame: 90H (3D + 18H), most lower ribbon of "9 Seasons Rainbow" Instances of Bullish Divergences (Green Arrows) 29 instances, probability of profitability > 85% Signals: Blue ascending arrows in RSI & MACD Blue Ribbons in "9 Seasons Rainbow" Instances of Bearish Divergences (Red Arrows) 17 instances, probability of profitability > 90% Signals: Yellow descending arrows in RSI & MACD Yellow Ribbons in "9 Seasons Rainbow" The value of divergence: it is not limited to fixed price and it happens on any Time Frame, when it encounters strong resistance or support. The downside of divergence: high reward is coming with high risk, when the resistance or support being broken through, a breakout or breakdown may happen. Thus whales can use this to play with the market, with the recent case happened on April 1. By using "9 Seasons Rainbow" Indicators, traders can monitor Divergence: Visually Cross Multiple Time Frames on a single screen, without necessary to change time intervals /sessions Setting Alerts of divergence on All Time Frames on a click DISCLAIMER This is only a personal opinion and does NOT serve as investing advice NOR trading advice. Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities. The arrows and rectangles are added manually according to signals of the indicators. Hidden Divergence is not included in this idea, because I feel the probability to win is not so high as normal Divergence. May be I don't find the right method to use hidden Divergence.
COINBASE:BTCUSD
by go8686
Is Divergence the King or Queen of Crypto Technical Analysis?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. Indicators used: RSI MACD 9 Seasons Rainbow Multiple Time Frames Pattern PRO Base Time Frame: 2H, most upper ribbon of "9 Seasons Rainbow" Longest Time Frame: 90H (3D + 18H), most lower ribbon of "9 Seasons Rainbow" Instances of Bullish Divergences (Green Arrows) 29 instances, probability of profitability > 85% Signals: Blue ascending arrows in RSI & MACD Blue Ribbons in "9 Seasons Rainbow" Instances of Bearish Divergences (Red Arrows) 17 instances, probability of profitability > 90% Signals: Yellow descending arrows in RSI & MACD Yellow Ribbons in "9 Seasons Rainbow" The value of divergence: it is not limited to fixed price and it happens on any Time Frame, when it encounters strong resistance or support. The downside of divergence: high reward is coming with high risk, when the resistance or support being broken through, a breakout or breakdown may happen. Thus whales can use this to play with the market, with the recent case happened on April 1. By using "9 Seasons Rainbow" Indicators, traders can monitor Divergence: Visually Cross Multiple Time Frames on a single screen, without necessary to change time intervals /sessions Setting Alerts of divergence on All Time Frames on a click Poll: Is Divergence the King or Queen of Cryptocurrency / Cryptoasset Trading Technical Analysis? Please leave your comments. DISCLAIMER This is only a personal opinion and does NOT serve as investing advice NOR trading advice. Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities. The arrows and rectangles are added manually according to signals of the indicators.
COINBASE:BTCUSD
by go8686
EOS DAY TRADE PLAN Apr 15 2019BITFINEX: EOSUSD Long entry: 5.425 - 5.52 Stop loss: Roughly 5.325 Take Profit: 5.7, 5.8, 5.9, 6, 6.5 Expected Call Duration: 1 days to 1 week Position Percentage: 20% Leverage: x 2 Risk Level: Medium Call strength: Medium High Indicator: 9 Seasons Rainbow Multiple Time Frames Pattern PRO Signals: Bull (Green), Bull Pullback(Light Green) across almost all the ribbons One Overbought (Yellow) in 8H remind us resistance of previous high: 5.85-6.1 BCH BAB is leading the market with outstanding strength, so EOS, LTC is expected to follow. AB - CD, a continuous run of yesterday's rise. DISCLAIMER This is only a personal opinion and does NOT serve as live trade call NOR trading advice. Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
BITFINEX:EOSUSDLong
by go8686
XBT - I'm a master the times. Timing is Perfection.Hey everyone, I've been quite passive for the past few days and it's weekend again. In my last few posts, I kept shorting Bitcoin and I strongly admit that I wrong. However, I can say that it seems like I'm a God when it comes to timing. Here's a little story for my few followers. On the 12th of November last year, I told my colleagues and friends within the crypto circle that Bitcoin was about to plunge really hard. Some listened but didn't give it much attention. Some others laughed hard and told me that they respect my opinion but think I'm crazy for thinking that would happen. Two days later, the crash happened. On that night, the entire coin circle was silent. It was like a ghost town. As expected, I started getting messages the next day. The next morning, I had so many of em talking to me. Some calls, some chats. It felt awesome! "How did you predict that!", "How did you know??", "Do you know some insiders?? some whales??" ... The answer was simple. I'm a master of time. Timing is KEY. If you go back and check one of my ideas on trading view, you can see that I also foresaw that Bitcoin would make a huge move between March 29 -> April 2 with emphasis on April 1st. Don't get fooled on April fools!! You guessed it, yes. It surged on April 1st. I personally thought Bitcoin would drop, but it didn't. This time, my prediction on price movement was wrong. But the timing was right as always. I've always been accurate with timing. I'm a master of times. Here's my prediction on what would happen after this price hike. The next wave is coming and it's also on an uptrend again. We are now in correction phase and in a "Bart Simpsons"-ish pattern. We are correcting that price drop from that of the November story. I am expecting a price hike of about 30 to 40% in a period of around 6 days. I'll try to update as often as possible. See you in the next one guys! Please follow me and keep passing by! Peace!
BITFINEX:BTCUSDLong
by UnknownUnicorn1866407
3
Prediction for for Bitcoins Actual Bottom using Bitcoin cyclesBitcoin cycle 1, 23 weeks bear/48 weeks bull=0.47 Bitcoin cycle 2 61 weeks bear/106 weeks bull=0.575 Bitcoin Cycle 3 -22.34% increase in the ratio, so we would do 0.575x1.22=0.7015 ratio so 0.7015x152=106.6 as the the bottom, or weeks 107 basically for the bottom, which would be between Dec 2019-Jan 2020 To be on the safer side it would be best to Dollar cost average 1-2 months before these intervals, so that would be like Oct 2019 to March 2020 you would start buying in intervals bitcoin/other alt coins and hold for a few years to come.
BNC:BLX
by chartingman43
Bitcoin Price Action Update (day 341)Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to succeed long term. If you fall into the majority that tries and fails then I assume no responsibility for your losses. What you do with your $ is your business, what I do with my $ is my business. Click here for my Comprehensive Trading Strategy | Click here for my Comprehensive Trading Process | Click here to learn about the 2 BTC' to 20 BTC' Trading Challenge Consensio: Bullish. 50 EMA posturing for golden cross with 200 EMA. Patterns: Phase 7 Hyperwave | 4h ascending triangle Horizontals: R: $5,341 | S: 5,150 Trendline: 1h channel Parabolic SAR: $4,800 and accelerating fast Futures Curve: Contango Funding Rates: Longs pay shorts 0.01% BTCUSDSHORTS: Looks like an A&E bottom, starting to build significantly over the past few hours TD’ Sequential: Daily G4 | Weekly just closed a perfected G9 Ichimoku Cloud: Fully bullish Relative Strength Index: Testing all time highs Average Directional Index: Weekly still trending down. Daily is very bullish Price Action: 24h: +6.05% | 2w: +38% | 1m: +39.08% Bollinger Bands: Hugging the top band Stochastic Oscillator: Weekly entering overbought territory Summary: It has been a very long time since we have seen a weekly candle like this! Markets are moving and it is time to pay close attention but we do not want to get ahead of ourselves. The weekly just closed a perfected green 9 and there is major resistance overhead. It starts getting heavy around $5,600 and it will become much bigger at $5,800. If prices get to that area while being this overbought then it will be the best selling opportunity of the year. That being said I did enter a small long this afternoon at $5,190 when the price confirmed the ascending triangle. The target from the triangle is $5,669 which is right in line with where horizontal resistance is marked. If we reach that target then I will be taking full profit and looking to go short. Despite entering long I have market this update as neutral because I wasn’t to post it in time. At $5,190 the risk:reward was slightly less than 1:2 and now the price is testing $5,300. That makes it far less attractive. If you missed out on this current pump then make up for it by preparing to sell very soon. If we rally to $5,600 - $5,800 then I do not expect those prices to last for long. The market will be extremely overbought at major resistance and that usually results in a strong / fast reaction. The risk:reward of opening a short in that area will be at least 1:5.
BITMEX:BTCUSD.P
by Sawcruhteez
FTSE MIB Elliott Wave Analysis UpdateThe FTSE MIB has consolidated the double WXY correction of Minor grade that we were following. The longer-term scenario has affirmed the conclusion of the bearish movement started in May 2018 and the structure that seems to be forming is that of a triangle ABCDE. Therefore the main scenario is that of a triple correction of WXYXZ Minor grade, agreeding with the bull market scenario in the American markets. The Minor correction that has been formed so far is a double correction, composed of a flat (W), an expanding triangle (X) and a zig zag (Y). Inside we can highlight the following Fibonacci ratios: X = 0.382 * W and Y = 1.618 * W. Within Y, the sub-wave B retraced the 0.382 of A and C ended on level 0.618 of A. Within C Minute: 3 = 2.618 * 1 and 5 = 0.5 * 1. Currently, we are inside the first sub-wave of X Minor. From the central graph we note that the correction has already touched the 0.236 level from which it rebounded. At least another short-term move is expected in the short term before the end of the first sub-wave of X Minor.
F
by LucaDallago
BTCUSDT H4 Uptrend ContinuationThe pair have a good uptrend run since it's sharp decline on 23 Feb 2019. I am seeing it to continue somemore if it breaks and closes above the immediate resistance line (blue dotted line). Major supply level at 4162. If price comes down to my prz levels between 3892 - 3912 I am interested to take a long position. Take note these harmonics completion levels are also near the bottom of the trend channel. For those who studies Supply and Demand will know this range is around the Demand Level as well. Do like, share and follow me for more analysis like this.
Long
by TradeEye
Up, Up & away for USDCADI use multi-frame technical analysis to support my set-ups as higher time-frames are always more reliable. Therefore, lets look at UC by starting on the monthly time frame. Monthly time-frame: The ascending trendline, indicates that the current trend is bullish, thus looking for longs will be better than shorts Weekly time-frame: When dropping down to the weekly time-frame, it can be seen that the pair is moving in an ascending channel, due to its consecutive higher highs (HH) and higher lows (HL). further approving that looking for longs will be better than entering any short trade. daily time-frame: The last daily candlestick in the yellow bubble (15/03), indicated a reversal of the downtrend that the pair was currently in from the weekly key level 1.34500 to the monthly key level 1.33250. therefore a long position is now finally presenting itself. Explanation for long-prediction: 1. the pair is showing an uptrend on both the monthly and weekly timeframes (higher time frames = more reliable & never trade against the trend) 2. the reversal candle around the resistance-turned-support key level 1.33250 3. last daily closure indicated a reversal in trend long trade setup: in the long term, i predict the pair reaching the 1.38750 (trendline), or the next major monthly key level 1.40000 however, in the short term, multiple TP's will be placed at the upcoming weekly and monthly key levels of 1.34500, 1.36500 and the final TP (that of the long term prediction) i will look for an entry on the 4hr time frame, once it rejects the 1.33250 region again. risk:reward ratio is within my trading plan.
Long
by YajnaR
EUR/USD: Weekly overview! Timelines and technical details!#SellHey tradomaniacs, welcome to a weekly overview of Euro / US Dollar. It`s been very boring during the past weeks and the market had to choose a path fighting inside a range of the wedge. Neither EURO or USD had the final say yet but it looks like the EURO is going to loose this fight since we`ve seen another attempt to break out of the range and stopped at the previous support which could be an evidence of an S&R-Flip. The previous two weeks do look like a desperate "try hard" of the bulls to push the euro towards north but did not even make it to the strong tested resistance at 1.14525. The defense of team bulls at yard 1.13 was very strong but at the end not good enough to prevent team bears to shot the next goal. The big picture shows an S/H/S-Pattern which should be a strong evidence for another sell-off after this breakout towards parity down to a possible price of 1.06. Timelines: The timelines are pretty accurate and harmonic and do indicate time for a downtrend. Comparing the divergences of them do show us a common happening. During a trend we`ve seen at least 2 waves with a "settlement" with Wave A which indicates the time of the primary trend. The right shoulder shows a settlement of Wave B, Alpha and Beta and indicates a correction of Wave A. Amplitude and lenght are pretty accurate. After that correction we`ve see a harmonic agreement of Wave A, B and alpha. The next attempt to correct indicated by the Alpha-Wave did not get its support of Wave B anymore and wasn`t able to break out of the wedge. This divergence often confirms the weakness of the opposite direction of the Wave A + Wave B combination. Right now we will head into an another "agreement" of all waves. Overall we see a very bearish chart and can expect a new sell-off to start soon in ordewr to complete the S/H/S-Pattern. -------------------------------------------------------------------------- LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Short
by Trading2ez
S&P 500 Elliott Wave Analysis UpdateThe scenario dictated by Elliott Wave Theory remains bullish. In particular, as in the last update, the American index is in Intermediate wave 3, but with the difference that the sub-wave 3 seems to have ended. The latter has an extension greater than that of Minor 1, this will allow wave 5 to be longer than 3. The main scenario implements the wave formation of Minor 4 and its sub-wave C. On the graph central, the lower trend line of the channel should act as a dynamic support and target of Minor 4. Moreover, respecting the principle of alternation since wave 2 was a zig zag, now wave 4 seems to be a flat, or at least a lateral correction like a triangle.
SP:SPX
by LucaDallago
GBPJPY outlook: Short term & Long term view.1W: GBPJPY broke out of a descending trend line last week, exposing the pair to further potential upside movement. A retest of the trend line may occur before price starts to increase. 4H: On the 4H chart we can see price broke and closed below a short term ascending trend line, opening up possibility for a short term decline in price. Trading plan: Going into the week ahead we would like to sell the pair short-term upon a retest of the broken 4H trend line & a bearish 4H candle close. We would then wait for bullish price action signal when price reaches the reversal zone & find entries to long-term buy trades. Be aware of any upcoming high impact economic news for GBP & JPY. Brexit speeches/news which may cause large spikes. Updates will be posted as this trade plays out.
Long
by JallenForex
Pattern Analysis; incorporating timeframes (USOIL)Understanding trends within a pattern gives analysts the ability to better understand sentiment and directional pressure. In this example, pattern extremities were highlighted. Then, on a lower timeframe, trends within said pattern drawn. Overlaying timeframes is a necessary part of a complete analysis, and a complete commodity analysis can help piece together economic factors affecting commodity-sensitive currencies such as CAD and AUD.
TVC:USOILEducation
by TRADINGTRADER22222
2
Channel Analysis (USDCAD)Using proximal and distal lines to mark channel extremities takes emotion and guess-work out of swing trading! Furthermore, using multiple timeframes allows for more accurate timing and thus more control over risk/reward. As can be seen here, proximal and distal lines were used to highlight reversal areas on both the top and bottom of the channel. Then, using a smaller timeframe, an area of price-interest was highlighted to get a better understanding of direction. Outlook: Bullish to 1.37~ Void if price <1.31~
Education
by TRADINGTRADER22222
GBPNZD H1 Bearish BatH1 Bearish Bat Harmonics Pattern The pattern will complete at point D however I am entering trade on a deeper price represented by the black dotted line. Reason for this is because this is GBPNZD - GBP cross pair and tend to be more volatile and higher broker spread. I saw bigger Bullish Harmonics Patterns on H4 and Daily on the Higher timeframe and gave me added reason to short this pair at this level. Entry: 1.8965 SL: 1.9032 (-67pips) TP1: 1.8846 (+119pips) TP2: 1.8780 (+185pips) Do like and share this post. Follow me if my trading style suits you as I will be posting new trade ideas and analysis regularly.
Short
by TradeWithWayneYia
GBPCHF - New Daily Trend??1M - We saw last month close with a strong bullish engulfing bar off of a historical support level. This is a key level that price action has failed to break below numerous times. It is all time lows for GBPCHF and a strong rejection off of this level could mean we may see price action continue higher over the next couple of months. 1W - After a double bottom, price has rallied up over the past few weeks and has now broken some key levels. We are currently seeing price retesting the weekly 50 ema and some horizontal S/R. If we get a higher low form at this area, it could be confirming a bullish trend continuation based on the monthly timeframe. 1D - Recently a lot of bullish pressure has come in and we currently have a nice pullback retesting some S/R and the daily 20 ema. Based on previous testing, the 20 ema seems to act as great dynamic S/R when there is pressure coming from the higher timeframes (monthly chart specifically). We may see a new daily bullish trend develop once we get a confirmed higher low around this area. Summary - This is a longer term position that has bullish indications from the daily all the way to the monthly chart. Based on everything that we are currently seeing, we could see bullish pressure come in on this pair over the next couple of months. Main target is the next S/R level on the weekly chart and a new higher high. This would still be well below the monthly 50 ema too, so we would consider it to be a conservative target for this pair. The main concern is the daily S/R zone around the recent high. We will be keeping an eye on how price reacts to this area.
Long
by fx_technician