The DXY is at a key battlezone! Watch closely and set alerts on trend lines to let tradingview work for you.
The 3H DXY is showing signs of bullish sentiment on the slow fib DMI indicators. How will this affect BTC in the coming weeks We should know by early next week which way the DXY will go This chart is shareable and color blind friendly.
This comparison chart shows a potential reversal for the DXY and thus a potential reversal for Bitcoin. Watch next week very closely. The DXY could breakout at any time next week.
Finally we have some bullish sentiment building on the Directional Movement Index Breakout testing at the moment for BTC
BTC is in trouble here. Now that tether quit printing coins, are we already witnessing the effects? Is BTC overpriced? I'm not sure, and the indicators are showing some strong bearish sentiment. Waiting this out
The Directional Movement Index is showing battle zone inbound for the bulls and the bears. Right on cue with some potential New York volume to take advantage of it. I'm neutral here. Waiting for confirmation crossover or rejection first.
Bulls yet again are at a crossroad that they need to hold, or else we have a correction to the current support trend line
Bitcoin - bulls trying to rebound from key support level here.Be prepared for it to go either way. Use alerts on your indicators and let Tradingview work for you.
Fast and slow indicators are mixed. Some say a fib retracement is to be expected here after an epic surge. Yet, when bitcoin bulls, there is no way to know for sure what it will do. It could easily diverge though the entire retrace oscillation process Take the emotion out of it and simply use a majority consensus to dictate your next move. The MACD set at 21...
Bulls gotta push through here. But it could go either way. Point being is that we are at a major crossroad here and has the potential to make a major move. Finding the big moves is vital. It saves you from dealing with chop zone/ trade ranges. Good luck
This chart utilizes 2 indicators. The Directional Movement Index indicator and a custom Volume Oscillator. After thousands of hours of trial and error, I've found that the DMI (directional movement index) is one of the best indicators to use. However, volume is a vital indicator, yet it lacks the ability to know if bullish volume or bearish volume is in control...
In my opinion one of the hardest parts of trading is finding a target zone to take profit. @tradingview allows you to clone trendlines to create potential symmetrical trend channels. When used in conjunction with potential horizontal S/R zones, it makes it easier to predict possible tops and bottoms. This chart is shareable.
GOLD and DXY are showing more and more correlation to BTC price action. Or should I say BTC is :) Now that you see the reason. Be prepared for when the next time this happens. Hope this helps Cheers!
The DMI is showing bears in the lead and bulls are running out of real estate. Big move inbound over the next few days. See chart for more description. The Williams %R is overbought and due for a oscillating correction. Yet divergence is always a possibility. Set alerts on trend line crosses and let tradingview work for you!
The DMI indicator is a free built-in indicator on tradingview.com. It is one of my favorite indicators to use because it shows both the bulls strength and the bears strength. Slowing down the lookback period helps paint a cleaner picture of the chart. One way I like to enter a market is to break apart the equity into 4ths or 8ths and buy every 1-4 hours. This...
As always, price could go either way. See chart for description of indicators used to pin point battle zones. Use support line for buy entry and stop loss. We are hunters. One good way to enter a trade is to average-in the equity spent. Instead of longing or shorting equity all at once, break apart equity into 4ths or 8ths and place orders scattered every...
As always the price could go either way. But realize that you have the potential to find good entry points if you just learn how to hunt rather than think you can learn to 'force' a good kill. I enter a market by breaking apart my equity used into 4ths or 8ths. I enter the market every 2,3,4 hours with a portion of equity. This way you average-in the price over...
DXY Bears are testing support here on the 8H Dollar Index. Technicals showing a potential support bounce here with a potential divergence trend line However they just keep printing more money. Always set stoploss and never trade more than you can afford to lose. This chart is shareable.