Get started

Ashi

BTCUSD 1D Heikin, RSI and MACD - Dec 17th, 2018This chart uses Heikin Ashi Candlesticks with CM TrendBars (21D), EMAs (9,15,21,55), RSI (13D, 80/20 ranges) and a MACD indicator. The Heikin Ashi candlesticks are a different type of candlestick pattern, meaning ‘average bar’ in Japanese, which reduce underlying noise and produce a smoother looking candlestick pattern. The ‘smoother’ candlestick patterns is because Heikin Ashi takes the price bar and averages out the prices, vs the traditional candlestick that simply uses the high and low of the session. As a result, it helps reduce false signals and therefore a Heikin Ashi chart tends to be more red in a downtrend than traditional chart styles. The candlestick pattern continues it's bearish trend, with no green candles since the 13th of November. We are seeing a tightening of the candle bodies over the last week, with spinning tops on 5 of the last 8 days. While the other three days were 'hanging' men candles with reasonably large bodies. This indicates indecision in the market, and consolidation, around the closest level of resistance, the 3285 print level. Today, with 3 hrs to go, could post the 1st green candle in 2 weeks but the day's has not yet closed. The RSI (Relative Strength Indicator) is a momentum oscillator that measures the speed and change of price movements. Once we have identified a trend in the market we can use the RSI to identify how strong that trend is (will it continue or reverse). I set the outliers at 80/20, that is below 20 it is oversold and above 80 it is overbought. Because we are in a long term downtrend, it is worth noting that the RSI will be in the under 20 more than above 80, and that I should consider 10 or below as a more reliable oversold signal. The RSI has remained below 30 since the 14th of November, and has hovered around the 20 area since the 28th of November (3 weeks). A minor point worth noting is that it has touched the 20 line three times since the 28th of November crossover and basically remained above 20. Over the same period the price range has continued to contract and remain in a tightening band. If we see the RSI break above 30 and head towards 65, this could indicate a trend change and a bullish signal. Until then, we really cannot make any trading positions on the current weak divergence. The MACD (Moving Average Convergence Divergence) is a trend following momentum indicator that shows the relationships between 2 MA's, the MACD (26-12 day MA) and the Signal line (9D). As we can safely assume that the two MA will move towards an equilibrium over time, we can make assertions about price in several key ways including crossovers, divergences between the two MAs, and divergence between the MACD and the price. The MACD Histogram = MACD - Signal Line, and it is simply a more visible indication of the difference between the true. The MACD Histogram is visually the clearest signal to read, and it provides the earliest indication of a possible trend change. Since the 26th of November it turned more bullish, crossing the 'zero' line on 2nd of December. It weakened from the 6-9th, but then returned to a more bullish trend. We saw the MACD cross over the Signal line on the 2nd of December, and as above touch it again on the 8th, before continuing it's bullish trend (although relatively weak) up until today. As the price has continued down since the 26th this is a clear divergence from the MACD and it indicates a lack of bearish strength and a possible price retracement/reversal in the future. If the market posts a green candle by the end of the day, this would add further confluence to the probability of a change in trend.
BITFINEX:BTCUSD
by CarbiArbittrage
Heiken Ashi & The Alphabet TwinThis is a Fibonacci retracement of Bitcoin Cash's recent ABC fork, aka Bitcoin Cash . This fib is the entire life of this half of the catastrophic half-scam, half-gamble that was the BCH fork. Heiken Ashi candles to cut out the noise: Even though it is seeing more exchange listings, (Gemini recently announced for instance) market is nowhere near thicc enough to worry about missing out on the price action nuances of raw candlesticks. Especially with such an, um....heroic reputation to live up to: As the #1 Dominant Alpha of nosediving-so-hard-a-monopolized-industry-worth-billions-of-dollars-is-at-the-cusp-of-splintering-into- bits BCH has a duty to disappoint anyone expecting any hint of BTC parity. Anyway, this is some simple TA using a fib retracement flipped to the bearish side and candles to match. Heiken Ashi candles are great for markets in strong trends in part because they reliably point out periods of indecision, which often lead to volatility and an opening for a reversal. With or without Fibonacci overlays or even volume to consider, the math behind HA candles reliably displays trend momentum. While BCH has maintained a similar correlative relationship to BTC as it had before the fork, it's still at a massive low from its ATH. Things could go lower for Bitcoin, and even though BCH is in the unexplored depth of its own upper colon it too could find itself as a "double digit shitcoin" for a while. Not financial advice.
B
by OhAndArr
Daily Heikin Ashi time frameHeikin Ashi candles are a great and powerful tool to determine the trend of the market. Their structure is somewhat complicated so let’s keep things simple. Only when Heikin Ashi candles start turning green can we start thinking of safely longing bitcoin. Pay attention to the red Doji stars, they are the first harbingers of a possible trend reversal. Currently all the daily candles in the current run are red. Further downside is thus still very much possible.
BITSTAMP:BTCUSD
by CryptoTradeAcademy
SPY Inverse H&S Bull Trap?Rule #1 of Head & Shoulder pattern, entry should be only after the pattern has been established. The SPDR trapped a lot of bulls in October. Is is getting ready to trap more or is the web too heavy? Everyone is excited about the Inverse Head & Shoulders pattern that is forming and they are waiting for the SPY to climax above 280. But all other indicators are speaking a different story. Close < EMA20 < EMA50 < EMA100. Close < EMA200. EMA200 has repeatedly failed to support the bulls. On the DMI, +DI (green) is sinking indicating a bearish movement. MACD is going to cross downwards onto the Signal line. Histogram continues to shrink and submerge. RSI continues to dip. Heikin Ashi Candles indicate bearish trend Awesome Oscillator indicating bearish trend The only way the Inverse H&S pattern plays out as everyone expects it to is by SPY gaining 10$ with conviction in the next 3 days. Not cheating by gapping up, but by steady growth in volume and neutral/bullish candles on a Thursday and a Friday! Usually by end of week, the big guns sell off and party. I'm expecting strict average bullish volume and price action by the end of this week for the Inverse H&S to succeed and a reversal/correction to conclude, else I will continue to short SPY. What do you think?
AMEX:SPY
by imzeeshan
1
Break 21eMA $303.75 Mth + 9eMA $304.50 DConsolidate/Buy Opp into eMA 4 Long-term Swing Missile/Defense Budget Zero Party Bias Recent Pull back creates buying opportunity with Break past $300, to the eMA Lines mentioned (for conviction), NOTE Heikin-Ashi Candle Potential Sentiment/Swing Trade Setup on Daily Chart #tekmunnee Strategy would be to play Long Shares, if Options, At The Money or near Strike out 6+ Months My Optimistic Case would be to test ATH, and Potentially $385 Target as a Swing Trade Historically, Congress, has zero political bias on Military Spending Hyper-sonic Missile Threat is Critical for USA and Pentagon Funding supporting expansion and expediting as Russia has deployed & India has technology + Capability to deploy. BONUS: Barron's Cover Story Pump 11/3/2018 $RTN $NOC benefit from Missile Spending
NYSE:LMTLong
by tekmunnee