Tornado_Trading

Tornado_Trading

Weekly: After an upwick tail, we now have a bearish divergence on MACD lines, MACD-Histogram as wel as EFI. There is even a ATR channel divergence. Stochastic RSI coming from an oversold condition and now bearish, moving in the reference area. Daily; A list of bearish divergences, supporting the idea on the higher TF. Currently, daily candle went up and closes...

Tornado_Trading

Weekly: There is now a finger pattern, an upwick sticking out and the current weekly candle went up after the open but failed, and now prices are below previous candle close. Weekly is only half way, but bearish divergence is developing on EFI and MACD-H. Stochastic RSI seems to cross, and is overbought. Let's see how this develops. On shorter TF's I was daring...

Tornado_Trading

Weekly: Price has hit support for the second time and although the divergence is not pure, it is kind of a bullish divergence, on MACD-H and EFI. Stochastic RSI is coming from an oversold condition and shows some movement in a positive direction. Also, -2 ATR is has been the outer stretch mostly and could indeed pull up to value zone Daily: Ticker has made up a...

Tornado_Trading

Weekly: There is a bearish divergence on MACD-H and EFI. Currently a new top is forming but it has less power then its previous top. There is an ATR channel divergence as well, as on EFI Daily: There is a bearish divergence on MACD-H and MACD lines, as well as an ATR channel divergence. Stochastic RSI turning down. Last candle tried to tick up but after this fb...

Tornado_Trading

Weekly: Closed lower, after upwick, impulse is blue (meaning MACD-H ticking down). Latest top diverging with previous local top. Often times, the 2.5 ATR level is a turning point for tops. Daily: A nice set of divergences, on MACD lines, MACD-Histogram, and EFI. Even there is a divergence on Stochastic RSI, as well as ATR lines, showing an ATR channel divergence...

Tornado_Trading

Posting the analysis is a bit late, I reentered but had no time to write on Tradingview. I saw the setup becoming interesting again and bought in the 32-33K area. We're above 34,8k now, best to wait on the 4H for a pullback. Otherwise the R/R ratio ain't good. The exit target 1 is a bit higher now. The second target could be considered the same, as 40K resistance...

Tornado_Trading

Overall, longer term the trend is down. This could change of course, but this review is on taking a chunk of the upmove after a bullish divergence. Then we reevaluate, to see if things have changed. See also my video review here: Weekly: MACD-H is ticking...

Tornado_Trading

3Day chart: Bottom forming, Last candle had a large downwick, now MACD-H is ticking up. MACD-H and EFI are diverging with price. Price moves around -1 ATR, but it seems support has been found at these levels. Daily: Missing Right shoulder bullish divergence after bullish divergence, also a bullish divergence on ATR lines, MACD-Histogramd and MACD lines, even on...

Tornado_Trading

Weekly There is a bearish divergence on the weekly, although not very pure. I expect this to pullback to the slow EMA and further to -1 ATR, a support level of the uptrend Daily There is a bearish divergence here as well, impulse has become blue now. There is a divergence on MACD-H and EFI. Stochastic RSI is turning down, coming from an overbought...

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Tornado_Trading

My view on the direction change of the Bitcoin market

Tornado_Trading

BTCUSDT - Trend continuation Weekly: Top is diverging somewhat and makes me curious, if that will result in a stronger pullback. Currently the weekly uptrend is very strong and volume is strong. The amount of power of bulls has diminished somewhat, but overall the trend is still strong. This uptrend shows 2 ATR as a support level, during this uptrend this has...

Tornado_Trading

AMT Weekly: The weekly shows a rejection candle that went up to -1 ATR, a point of reversal the last couple of weeks that often resulted in a pullback to the 21 EMA. MACD Histogram is ticking up, although EFI is hanging around its EMA and not showing much strenght yet. Stochastic RSI is bullish and its %D line is rising. Daily: There is a nice triple...

Tornado_Trading

Daily: ANT is showing a triple bullish divergence on the daily. Then, after the tick up, a first higher low has formed. The Stochastic RSI %D line is still decliing but decline starts to slow down. %K line is about to cross on the daily it seems, but the current daily candle is just half way. The bullish divergence of price is against Elder Force Index,...

Tornado_Trading

SXP usdt - starting uptrend first HL after bulldiv After the bullish divergence on the daily, the price was consolidating for a while. Now Stochastic RSI is curling up and it seems the first higher low is forming on the daily. After the bullish divergence, the downwicks showed some tails and the price was rejected a this -2 ATR level. -2 ATR has been the...

Tornado_Trading

HII Bullish divergence on weekly and daily Weekly On the weekly there is a ATR channel divergence, MACD-H and Elder Force Index divergence. Stochastic RSI is coming from an maximum oversold condition and is curling up. The previous last 4 candles each show down wicks, every week it closed much higher then the lows that week, a sign that lower prices were...

Tornado_Trading

Holly Frontier Corporation Bullish divergence on Weekly and Daily Weekly To be precise, it’s not a pure divergence. Prices dit not really go lower then the previous bottom. But in light of the global market recovery and the hard hits that the Energy sector went through, it is likely that it will at least pullback during these bullish developments we’re seeing...

Tornado_Trading

Weekly: After a bullish divergence there is a first high, and then we see a finger pattern, that downwick which shows a price rejection. After that a low is formed, and price is rising again. The downtrend has clearly been broken and I suspect a move up to a new higher high. The target would then a higher high between 100 and 113. It remains to be seen what the...

Tornado_Trading

Comp has found a support around $127 and has hit that support two times and is now bouncing of. This goes wish a llist of bullish divergences on the 4H Timframe, ending with a missing right shoulder divergence. I expect after this divergence, at least a pull up to the +1 ATR on the 4H TF. Meaning a target of around 145. Entry should be somewhere around...