aBitLong

aBitLong Updated 

I'm currently looking at the Near Term group of Timeframes (1d, 2d, 3d, 4d) In all this group of timeframes, the Green EMA is higher than the Energy, this is a good sign and does pave the way for a potential resumption of upward pressure if certain conditions are met. We did have an early warning of this period of downward pressure - amongst other things, when the...

aBitLong Updated 

Just a very quick one for now - only had a brief look but was asked for my view so copied my comment here for anyone interested. In my view we are likely to see a break out to the upside as the BBs in the 12h expand pursuant to the Blue LSMA closing above 50. Just had a quick look and in most timeframes from scalping through short term to near term DOT showing...

aBitLong

Looking at the short term group of timeframes (90, 3h, 6h, 12h) In the 90m and the 12h the Energy is higher than the Green EMA indicating bearish sentiment. The Red RSI has made contact with the Green EMA as it falls in the 6h, if we close like this we will see the Energy cross below 50 in the next candle. However the Bollinger Bands are quite tight and...

aBitLong

Following our recent "fakeout" and subsequent mini sell off, we have seen a nice little recovery rally. However, there are signs indicating that the bulls are struggling to hold this territory and less so to push beyond. In our short term group of timeframes (90, 3h, 6h, 12h) In the 6h & 12h the Energy is higher than the Green EMA, this is bearish. We can see...

aBitLong Updated 

This is in my opinion a seriously undervalued project. The Green EMA is moving at a healthy level above the Energy in the scalping group of timeframes (6, 12, 23, 45) and the Red RSI and Blue LSMA are also at a healthy level above 50. We are also seeing a nice increase in volume. The Green is also higher than the Energy in the 90, 3h & 12h. This is a solid...

aBitLong Updated 

The scalping group of timeframes (6, 12, 23, 45) is beginning possible signs of reversal to upward pressure with the Green EMA above the Energy in all of this group. It is from this group that we can infer early signs of potential reversals. It is in itself not a reliable indicator in such low timeframes, however we look for signs of bullish sentiment propagating...

aBitLong Updated 

It is my view from a holding perspective we have massive potential with this pair. In terms of what I'm seeing in the short term, I would say we are currently not ready for a move. In the short term group of timeframes (90, 3h, 6h, 12h) The Energy is higher than the Green EMA in all but the 3h (indicating bearish sentiment) in the 3h the Green is marginally higher...

aBitLong Updated 

Bullish with Green EMA above Energy in in all scalping timeframes plus 90 & 3h and propagating up through higher timeframes. In 6h Red RSI & Blue LSMA crossed and closed above 50. Green EMA looks like it will progress above Energy in 6h & 12h where we have an upward pressure race with the Red RSI in the 6h being favourite - Red RSI in 12h already at 48.9 with...

aBitLong Updated 

Further to last analysis - see below in related ideas. The scenario above appears to be playing out and as discussed the price action in the 3d is headed to the proximity of the Bollinger Band basis. (Currently $40533 but rising), we have already seen the price action dip into the predicted range and seems to be set to continue at least to the lower level of the...

aBitLong Updated 

In the mid term group of timeframes (3d, 6d, 9d, 12). In the 3d, subsequent to the Red RSI making contact with the Green EMA as it falls, the Energy has closed below level 50 indicating a period of downward pressure (as we have seen reflected by the price action). As the Green EMA is higher than the Energy we are likely to see a higher low, The Green is poised to...

aBitLong Updated 

There was a clear signal that we were going to experience a dump when the Red RSI made contact with the Green as it descended in the 2d as the Energy was so close to 50. We new that the next candle we would see the Energy drop below 50. This was our warning signal. Near Term: 1d, 2d, 3d, 4d In all this group of timeframes we have seen the Energy drop below 50...

aBitLong Updated 

Just a quick update focusing on when we may see a major pullback. I'm not suggesting that we need to react but more that we need to be aware and continue to monitor. THIS IS NOT A SELL SIGNAL In the daily the Red RSI is making contact with the Green as it falls (the Green can turn back up) we need to keep an eye on this to see if it closes like this in about 13 &...

aBitLong Updated 

I have created a new publication for ADAUSD I will get this out asap and elaborate when I get a chance - I am going out for a walk now with family... Another quick update to point out that we have reason to be cautious at the moment because of the Energy levels in relation to the Green MA in the scalping TFs indicating downward pressure in these TFs. I will look...

aBitLong Updated 

Looking at the short term group of timeframes (90m, 3h, 6h, 12h) We can see that the Green is higher than the Energy in all this group of timeframes indicating bullish sentiment. We can start seeing early signs of forming an upward trend after a long consolidation period. In the 90 the Red RSI has closed making contact with the Green MA as it rises. As the Red RSI...

aBitLong Updated 

We have seen some great action with 0x over the past few days. Since early Jan we have been finding support on the Bollinger Band basis in the daily for the most part, since Jan 28 we have been finding support on the white upper BB. On Feb 3 we saw the Blue LSMA turn back up and as a result we saw a considerable expansion of the BBs. In the near term group of TFs...

aBitLong Updated 

Update to previous analysis Just a quick update to point out that we can see some early signs for a possible reversal to upward pressure. The Green is higher than the Energy in all of the scalping group of timeframes, this indicates bullish sentiment. It is in these timeframes that reversals to upward pressure originate. In the 3h the Green has crossed above 50,...

aBitLong Updated 

Just a quick comment re early potential for upside. Will update asap

aBitLong Updated 

Looking at the scalping group of timeframes (6m,12m,23m,45m) The Green MA is higher than the Energy in all this group. This indicates bullish sentiment. For those of you who follow WyckoffMode, you will be aware that David has gone to great pains to point out that reversals to upward pressure will start in these timeframes. Due to the shortness of these...