I drew this chart yesterday and saved it but didn't publish it. I was curious as to what would happen. As of right now it looks like we are on a steady wave going up. There is another ABC corrective wave pattern playing out right now in the 4th wave. Concurrently I could have drawn more smaller waves, but that distracts from the overall moves we are seeing right...
What I was trying to write down in the StochRSI indicator area but ran out of space was that Stoch and EMA zones show a pattern. The pattern is that each time StochRSI gets close OS/OB it seems like price bounce right off the EMA zones. Right now we are coming up on one over the next few hours. There is another thing to note with StochRSI and EMA. It is that when...
Prepare* My mistake as I was in a rush. The markets are moving so slow that it seems like we are just coasting in like an airplane does on final. Maybe we have hit some turbulence and are starting to shake back down. Enough of my analogies. It is pretty boring, to say the least, for the last few days. Seem to be unable to regain back up, but then again ATR...
There are a great many oscillators that seem to be either entering or in OVERSOLD mode now. UO has not been giving any divergences but we can still look at its OB/OS signals it gives. What I initially noticed when firing up this chart was that I swear it was a Deja vu (god TV when can I post the correct way to write Deja vu?) that I swear the way the market had...
This has totally failed! While doing this I noticed that when I drew the Fib Time Zone that it lined up really close to the peak to peak line that I drew. As a matter of fact it seems that every peak has been following the Fib Zone 1,2,3... Now price predictions are going to be much harder to predict. Since there isn't an old data to base future up swings on...
The moment I have been waiting to see for some time has come! We pushed up and broke the long term downward trend. It looks as though it is acting as a support line but that may end soon and a new line for the upward trend will have to be drawn. The bulls have gotten out of the meadow and are looking to fight. Bears have still got some fight left but are tired...
For the moment it looks like there is some bouncing between a small range. ATR has shown some support but hasn't been increasing up with all of these up movements. For now it seems to be dying on the down moves, but more time is needed. DC has been showing that there is an upward trend that has been forming as it has been in OVERBOUGHT territory for some time....
At this point it is a little uncertain where we will go. China is really starting to move us around again like it did back in October-Dec. For now I am seeing that these small bounces up are not stopping the ATR from increasing higher on the down moves. At one point MACD was looking to converge, but it likely won't for the next few hours unless there are...
There has been an ascending triangle pattern that has been forming for days. But this is not a sign of a sure bear or bull movement. Many things will have to happen before it can be called bear/bull movement. For now it seems to be possible to go either way. There are three scenarios that can play out over the next day. Either we break this triangle in which case...
It seems for now the indicators look like they want to give a SELL signal. If there is a move up it would be unsustainable since all the oscillators indicators would remain OVERBOUGHT*. ATR looks to have peaked giving a STOP for the upward trend. Usuallly trend can continue even after the peak, but volume is dying with it. Bull target: 500 Bear target: 450 - has...
These are all quotes from different users on Reddit. The accompany URL will lead you to the thread. It was interesting to see the sentiment back then and how How I handled all of this. Bought in right after the SR bust for around 110. Bought in a week later for around 124. 3 BTC at this point. Sold around 200+ (give or take) at the obvious bear trap. Money...
This is a little bit harder to try to find the trend we shall go in. But I think that ATR is going to soon hit the highest point and begin a reversal up. PSAR is literally so close to the price line that some movement up to 530 will cause it to switch over to BUY. MACD is going to follow soon thereafter to confirm it. Stoch RSI has been OVERSOLD for some time...
There are a lots of lines which may be confusing so I will try to explain them. One is a Fib Retracement and the other is a trend based one. I have highlighted the areas where the supports were tested. The more the price hits the same line the stronger the support is there. Older tests of support aren't weighted as heavily, but are important to take into...
Just about everything that was needed to be said is on the chart. Expect for that having a lagging indicator (MACD) confirm before the leading (PSAR, Stoch) indicates that ranging is a high possibility. This has happened before in one of my previous charts where MACD confirmed ahead of all leading indicators and the downward trend never formulated. The tops,...
This chart has many trend lines which may be hard to follow. Most of these are support and resistance lines. A few of them that have not had two peaks are unconfirmed which means breaking through them is more likely. Each line has a parallel to form a trend channel. 519 is possible support line, but hasn't been tested much. 553 support has been tested at least 4...
For a long term forecast I am starting to see that the overall decreasing volatility is indicating the bottom may be near. It is no where near as low as the last range, but that doesn't matter with ATR. Since it is a measure of volatility which is directly proportional to range increased volatility would mean reversal. Downward trend will continue for now....
Every indicator is still in SELL signal for the time being. MACD has been unable on many occasions to break into upward BUY territory. Stoch, RSI and Stoch RSI have been just above OVERSOLD leading me to believe that this will continue. Possible bounce up to 590 isn't out of the question which would still keep most indicators below OVERBOUGHT. Bear target:...
Just about to see the end of wave 4. Wave 4 should never cross below 601.85, but it is possible to go below that. It is hard to see exactly where this wave will end, but by tomorrow it may end or else there will be more days ahead of comparatively flat price ranges. Wave 5 ending should be easy to spot as volume should be increased greatly versus the whole entire...