Algotrading
RSI & MACD yr. Python>>>Bot ~Jqapple like any spy, qqqq, demonstrate the correlations between the weights if put on the RSI time-series in sub30s aligned with MACD triggers, would yield substantial gains.
Why not run the same logic weights for buy/sell and write out the functions to api the trade? Build it on RobinHood and Alpaca >>>python
Still not out of the woods. Alts like Matic - Link - FTM - FTT went into buymode according my algo two days ago.
Bitcoin is still some moves behind. It's currently trying to pierce it's way through my ema cloud (which I use as a stop loss when over )
I would love to see the break of trendline befor I call a reverse of trend. I am all in ( spot ) but I'm waiting to trade BTC until my indicators tell me to go.
That's is how I see it
be safe
ALGO/USDT- Direction: Bullish
- Pattern type: Continuation
- A bullflag can occur within the context of a longer uptrend and following a steep upward move. Following this steep move the pattern the forms a short horizontal OR downward sloping channel shaped like a flag.
In the stock market de flag portion of the pattern shouldnt last longer than 3-4 weeks on a 1D chart. But since cryptomarkets move much faster the pattern could still show strength and be valid.
- Important support
- Potential bullflag
- Need volume for breakout
- Volume diminishing troughout pattern
- DEC 24th good entry; 1. RSI crossed SMA on 21st/22nd of december
2. MACD crossing upwards with first green candle in histogram
3. Volume slightly increasing while bulls are winning
4. Bollinger band was crossed + 4 candles, then wait for confirmation from RSI, MACD, and Volume
- RSI is getting supprt from SMA14
- Still potential bullflag
- Nice retest for support $1.45 zone
- If the volume can keep increasing up until above average with, a close above the upper descending trendline drawn across the highs, this would be a confirmation of the breakout.
- To set the target you'd have to measure the price movement of the previous steep move that led to the flag and then add that amount to the current price at breakout.
EMA's: The last significant cross was EMA9 crossing all of the others (50, 100 and 200) downwards while the EMA50 gave a false signal, seemed to cross the EMA100 downwards but then immediatly turned around and crossing EMA100 upwards right after. EMA9 has also crossed als of the others upwards now. next step would be the EMA50 confirming the 100 cross upwards. After that we should see al the EMA's change direction into an uptrend and providing support for the trend continuation.
Nasdaq Bullish ScenarioAfter a good discharge of points and stoplosses on Nasdaq Index, an automated algo of mine entered long at the open of the session on NQ futures recently, it will stay on trade for 2 days. Cause it is a mean reversion algorithm the risk reward is set to 1:1 as shown on the graph.
ALGOBTC GOOD MOMENTUMAlgrand is located in an ascending major trend line and after reacting to the floor of this trendline, it is moving towards the target.
Due to the passage of a resistance and due to its strong momentum and ascending cycle, it can touch the specified targets.
The targets are marked with the help of Fibonacci and the resistance ahead
TP1: 0.00005400
TP2: 0.00006300
TP3: 0.00008000
Still oversold but building a base. BTC is still building a base around the 47k.
Notice how RSI is still oversold and I'm waiting for my main trend indicators to turn blue.
When confirmed blue I will set a SL under the swing low and expecting a pretty big move upwards.
There is still a possibility for a retest of 42k but let's see..I'm ready and will shift from short to long at the change of trend. '
Last year I made 200 % being in the market all the time riding the colors. I don't worry about getting in and out anymore...it works. You just have to be patient.
Algo going back to 1$ ?BINANCE:ALGOUSDT
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Possible Targets
➡️Test fundamental price 1$ and global support trend line
➡️ Retest on D1 downtrend fib line
➡️ Retest 0.23 level FIB to make a continuation move UP
➡️ After retest target by end of Bull Run 5.52$
➡️Pattern since 2019 cup and handle already played.
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✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
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Wait for the 12H trendline #BTC near the trendline. I see a lot of people using the four hour trendline but that comes with a bigger risk than using the 12H trendline.
I will wait for confirmation before I trade. I even want my algo to print a blue candle.
On the positive side all of my indicators shows overbought, so the break of trend could be now.