Take a look at the notes on the chart above. Also note the similarities on the Directional Indicator to the January 2020 period. Most decent bull trends begin with the ADX (white line) under the red and green DMI lines. When the ADX breaks the -dmi line to the upside its usually a good long signal. Also note the 100 day ema break would be yet another...
Haven't seen anyone else point this out. Thought I'd throw it out there.
In Texas Holdem poker getting a monster hand like the nut flush or quads is a rare but awesome occurrence. Tezos is like getting a monster hand. Probably the best tradable asset in crypto right now. Super bullish trend as price is over the 8, 21 and 50 day ema's which have also recently performed bullish crosses over the 50 day ema. I'm accumulating on every...
As noted on the chart above for those of you following this strategy, the Fisher Transform lines have now performed a bullish cross. Discipline dictates a long position at this level. Had you exited on the bearish reversal signals in February you would have been spared a nerve racking 30% decline. As always, nothing is guaranteed so stop loss targets should be...
Price has now eeked out of the triangle and has moved over the 8, 21 and 50 day ema's which have all converged at the apex. Coincidence? The SMS indicator just crossed into bullish territory and the Fisher Transform lines just performed a bullish cross as well. Odds favor a long swing trade position with stops at the recent Parabolic SAR level.
Critical price point for Ethereum as we are at the intersection of the long downsloping trendline and horizontal resistance. Watch for a break and hold over $173.69 for confirmation. I'd like to see the 8 and 21 day ema's cross over the yellow 50 day ema for further confirmation. Note the period in January 2020 when price broke over the 3 ema's and the ema's...
SAR = Support and resistance 6850 iS A CRITICAL LEVEL. If the purple support line, AND THE GREEN HORIZONTAL SUPPORT LINE at 6850 fails to hold look for a drop to the 0.382 fib at 6375 area. If that fails, 5400 at the 0.236 level is probable. If we manage to bounce back up, 7300 then 7440 are resistance levels that need to be broken and held.
Apple and the Nasdaq market have retraced to the 50% fib which is now resistance. The decrease in volume would suggest a decrease in dip buyers. I'm guessing if price fails to top 270 and hold on apple and / or 8244 on the nasdaq that a drop to at least the 0.236 fib is in the cards. For a hedge against long positions or a short play (without margin) consider...
Just bought at the close of trading today.... this triple inverse of the QQQ play. Notice price is back to the lows seen before the market crash. Also note the bullish divergences printed on the Fisher Transform, MACD and SMS indicators. My guess is the rally in the DOW and NASDAQ will cool off some next week and beyond as the realization of QE infinity having...
3 out of 4 indicators in this strategy have switched to bullish. Only the Fisher Transform is needed to confirm a full bullish reversal. I'd like to see a bullish cross of the Fisher lines and ALSO a break of the Fisher zero line to feel really comfortable about confirmation. Note the previous October to November reversal was weak because the Fisher Transform...
Watch the fib 38.2% level for 1st resistance level ($164).....any break and hold over $164 should see a run to the $187 level or the .50 fib line in the near term. Price now over the 21 ema which is now curling up is a very bullish sign as well.
2 out of 4 reversal signals are now in place if you are following this strategy. We have the bullish Stochastic RSI cross and the shortening of the MACD bars toward the zero line. The Parabolic SAR will flip near the 7440 level and I'm assuming the Fisher Transform will perform a bullish cross at that level as well.
Positioning for a long play over 13.60. Clear resistance if broken should lead to an upside target near $18.
Scaling in to Cardano at this level (.0300). Once it tops the 21 ema at .032 and the ParabolicSAR flips I will add to the position. Note the bullish Fisher Transform lines over the zero line and the SMS indicator showing a steady green bullish line over the 3.0 line. Stop loss set at .0248
For those following this simple entry/exit strategy based on ParabolicSAR, Fisher Transform, MACD and StochasticRSI an early heads up to a possible upcoming reversal based on the Stochastic RSI. As you will note above it (StochRSI) has reached the oversold level and the blue fast line has crossed over the red line which is bullish. This is only a first step and...
When Ethereum breaks and holds $120 the crypto market will be back.
Just a guess at a possible pre-post halving trend. Stops should be considered below 7400 if price breaks the trendline and/or support line.