This is a 4 hr chart update. If you set these indicators on the daily time frame you will note the ParSar and Fisher Transform have performed bearish crossovers. The 8/24 ema's on the daily chart are still separated by a large degree as well. So the daily time frame suggests staying in a stable coin for now. The 4 hour chart however, suggests maintaining a...
As stated in an earlier post, reversion to the mean. Notice how price stayed within the grey wedge. It bounced very near the bottom line of the wedge, halted at the white pivot or "equilibrium " line and then broke through for a healty comeback. This is not magic my friends. Price is a momentary consensus of value at the time of transaction between buyer and...
We overshot to the upside and now we have overshot to the downside. Expect reversion to the mean at the white trend line soon. Keep an eye on ParSar for a flip and the Fisher transform for a crossover. Also the 8 and 24 period ema's have just touched. They have been in bullish mode on the 4 hr chart since june 11th. Could indicate a decent buying opportunity...
I use the combination of ParabolicSAR, Fisher Transform and the 8/24 ema's. ParSar and FT are great for timing entry and exits (ParSar flips and FT crossovers) and for trend bias. This is easily seen on the chart above. I use the 8/24 ema's for entry/exit as well on crossovers. Note that on the daily chart the 8/24 ema's performed a bullish cross near the...
Price extrapolation based on current trend/trajectory. Note this is a 4 hr chart. Target of 13414 to be reached by end of month.
Entered a position at the fib 50% level on the pullback from the google news pump. My initial upside target is $2.20 and will evaluate the trade again at that level.
The strength of this parabolic trend is undeniable! Price didn't even retrace to the first Fibonacci level of 23.6%. The 4 hr ParabolicSar has flipped to bullish . Stay long my friends!
Symmetrical triangle on XRP favors an upside break over resistance at .48. If entered stop loss just below the upsloping trendiline. Target on breakout - .51+
ParSar has printed 4 bearish dots on the 4 hr time frame combined with a large gap between the 8 and 24 hr ema's and declining macd bars. This all points to high odds of a temporary short term retracement. I'm looking for a possible drop to a fib level or a Williams%R dip to the -75 or -80 level. But if the retrace stops and reverses as indicated by the...
Channel bound but slightly bullish as price if firmly over the pivot point of .42. I'd consider going long only on a break of overhead resistance at .47. The parabolicSAR is bullish in the 4 hr time frame but bearish in the daily time frame. I'd like to see a bullish flip on the daily chart for ParSar to confirm an uptrend. Accumulation is still weak on the...
Ethereum breaks out of the channel and also prior top resistance at 294. Acummulation/Distribution looks great as opposed to most altcoins. Etheruem 2.0 due in January should support price as well as well as the inevitable break of 10k by bitcoin.
Looking like 9769 and then 11463 are the only probable stops on the way to 20k and beyond. Note the volume profile shows virtually no volume resistance past the 9769 level. I'm thinking if bitcoin can top 9769 and 10000 then the mass media will play a roll in the coming FOMO storm. Note the parabolicSAR has only flipped once in this monthly time frame since the...
Keep an eye on the pivot of $136. Consider going long when price is over $136 or when the parabolicSAR has flipped to bullish.
Breaking out of the range and over resistance at $35.75. ParabolicSAR has printed 2 bullish dots on last 2 daily candles. Next resistance at $40. Stop loss just below the pivot at $32.50
Heads up for the 4 hr chart traders out there. ParabolicSAR has just flipped to bullish on the latest candle (6/19/19) and price is now over the pivotal 9163 level which flips from the neutral zone to the bullish bias zone. The daily ParSar remains bullish for longer term traders. *** Also, I mentioned this earlier but it needs repeating. Everyone who owns...
"Short term" bias levels listed on chart. Note the 2 hour ParabolicSar indicator flipped to bullish. 4 hour ParSar still bearish. Daily ParSar bullish until 8800.
Bias levels described above on the chart. The orange arrows are obviously guesswork.