Tornado_Trading

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 Updated 

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 up, right now, although candle is not closed. But this Timefame shows MACD Histogram is...

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 Updated 

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...

15:34

Tornado_Trading Updated 

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 Updated 

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 Updated 

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 Updated 

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 Updated 

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 Updated 

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 Updated 

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...

Tornado_Trading Updated 

Weekly: On the weekly we see the prices go higher, while EFI and MACD Histogram diverge in relation to prices. There is a ATR channel divergence as well, the high top goes well above +4 ATR, the top after that to +2,5 ATR and the current top to +2 ATR. Previous pullbacks dip to somewhat below the EMA, around -0.5 ATR. That would set the targets between 21 and...

Tornado_Trading Updated 

Ontology Bullish divergence Weekly The volatility for Ontology is usually pretty good, so when I see a bullish divergence and other factors are more or less in line, I like to trade it. What I see here is a bullish divergence on the weekly and after that strong dump, due to BTC and the furious Bitmex liquidation cycles, I see that the EFI is definitely not...

Tornado_Trading

Today I had a look at the longer term outlook for bitcoin . Monthly: Currently, the candle just opened, so it is a bit early to draw conclusion from this, but it starts to look ultimately bearish . Prices went higher, but Elder Force Index and MACD Histogram are diverging. There is also a little ATR channel divergence. Previous top shows wicks topped out in the...

Tornado_Trading Updated 

On the 4H timeframe I see the downmove temporarily at least, diminishes in strength. After the extreme wick, there was a rejection to be seen at 3350 support level. Then it ticked up 100 (!) points, and then it started to decline again. But these candles show downwicks, and there is MACD-H that is mildly diverging with the small rise in prices. The uptrend has...

Tornado_Trading

Weekly: "The EMA's just have crossed and the impulse is green. Stoch RSI is still rising and the slow %D is still in the purple zone. Looking at the power up the upmove of the last 2 bars, compared to the previous 2 weeks, there is more power to be seen. On this weekly chart we're still on the +1 ATR level,and rising steadily. We could see a test of the 10,5K...