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Bill Williams Indicators

CADCHF Buy continuation after bullish impulseBoC gave us a bullish impulse taking out the 0.74541 high, which confirm the end of blue wave 4. AO also tells us it's an impulse and since we have had 3 corrective waves. I like to buy it here at the 15min tunnel as the impulse penetrated right through it. It's a bit risky though as the AO block haven't closed, which I normally would wait for. As this is a 15m trade, I would then look for 3 corrective blocks on 5m, a condition that hasn't been fulfilled yet. As I'm pretty certain about the future direction, I will take this trade anyway, well aware that we might drop down to the 61.8 fib level, which is common for wave 2 and would then add - in case my criteria have been fulfilled.
Long
by viking-EW
ADA - this target is insane!Hello, everyone! Cardano shows the very nice buying opportunity. If we assume that the market is going to demonstrate the final impulse to the upside, ADA can explode in the next altseason. The price formed the Rising Broadening Wedge and it is now next to the wedge's lower band. Moreover if we take a look at the Fibonacci Retracement for the last impulse, we can see that the price bounced exactly 0.618 Fib level, this is the very bullish sign. The Bullish Divergence with the Profitunity MACD on the daily chart is also the very strong bullish sign. I suppose we can see the accumulation continuation for ADA, but we will not see much lower prices in my opinion. When the atlseason start, ADA can reach the target zone, based on Fibonacci Extension , with the range $3.28 - $4.69 . As you can see, the upper band is insane! DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
Long
by Skyrexio
4
Bitcoin | What Is Next?Hello, everyone! In the previous analysis on BTC I told that Wave 3 is going to break ATH. Well, it is the case! But what is next? As you know, I study the Trading Chaos by Bill Williams. Last forecast was made by this methodology, but I am still a freshman in Chaos. Today I am going to try to add my new knowledges about Elliott Waves in practice. The main question now is if the Wave 3 finished or not. The target zone for wave 3 is 1 - 1.62 Fib extension. So, the minimal requirement is done. Also we can see the divergence with profitunity MACD, but to be honest, I am still not an expert in this indicator. I am not except another one move to the upside in Wave 3 continuation. Next time I will learn the advanced techniques for wave detection, I know Bill Williams use multiple timeframes for it. If we now see the end of Wave 3, I suppose that the Wave 4 is going to be the A-B-C-D-E triangle correction. The target zone for Wave 4 is $54000 - $56000, but in case of triangle correction it can be even higher. In this case the $56000 on Bitcoin is a good time to buy altcoins, according to my analysis about new altseason(see the previous analysis) What should we do? If you bought Bitcoin or altcoins at the end of Wave 2, like me. You can just HODL and wait for the Wave 5 and last altseason in this bull cycle. If you are still in stablecoins, I can recommend you to wait the Wave 4 end to buy altcoins. DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
by Skyrexio
5
Trading Chaos By Bill Williams | Part 2Hello, everyone! Let's continue to study Trading Chaos by Bill Williams(BW). He divided 5 levels of proficiency from the beginner to the trader-expert. Candlesticks is the beginning of the beginner level but this knowledge is necessary for the successful trading. Figure 1 You can see here the bar structure, the open, low, close and high of the bar. This is very easy:) Figure 2 BW suggests to divide each bar by 3 equal parts to identify the information this bar can provide to us. Let's numerate each bar with two numbers. The first one - the number of the part of the bar where the open price located, the second one - where the bar has close price. Figure 3 The bar (1 1) means that bears tried to continue downward movement, but bulls took control in the end of the timeframe. This bar means the 85% probability that the price will go up next from 1 to 5 bars on the same timeframe. Bar (3 3) means the absolutely opposite. Figure 4 Bar (2 2) is indefinite bar. We cannot make decisions based on this type of bars. Figure 5 Bars (3 1), (2 1) and (3 2) called upbars or climbers. (3 1) provides the most piece of information that the market is in the uptrend. (2 1) bar is less informative than (3 1) but we can also say that the bulls defeated the bears on this bar. (3 2) is the least informative bar. Figure 6 Bars (1 3), (2 3), (1 2) are the downbars the logic is the same as for upbars. Figure 7 The trend direction can be roughly estimated as the two bars relationship. If the middle of the bar is above than the high of the previous bar market is in uptrend, if below - in downtrend, if inside - there is no clear trend. Next part will be more interesting, difficult and useful. Please give us a like and subscribe the blog to not miss it! DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
Education
by Skyrexio
BTC | Fall or not?👋Hello Traders! Yesterday (09/07/2021) we had a cryptocurrency stream (ru.tradingview.com), where I analyzed BTC for this trading week. BTC has achieved all of its goals today. 📈BTCUSD passed the level of $50,560 and due to the D1 divergence (09/07/2021) rushed down and reached the two closest levels of $47,500 and $43,500. We expect BTC will continue falling to the $38,500 level. I recommend selling from the level $46.00, potential profit + 15.00% and SL ~$52,000. ✅Like Me 👍, if you want more my ideas❗️ ❓I would be glad to see your comments, what do you think about this? DISCLAIMER: This idea is not a trade recommendation, it has an informational purpose. The trader independently analyzes and decides whether to use this information.
BITSTAMP:BTCUSDShort
by Maxim_Lushnikov
Wave 5 Alert on EURAUDI'll keep it short and sweet since I'm on holidays This is a Setup 1 into Wave 5 up on the 4 hour chart of this EUR/AUD pair. We see a sharp move up on the d1 followed by a correction. One could argue that it moved up a bit climactic and probably late in to the trend But still, It has printed a confirmation candle on the D1 chart. Could we at least see it move back to the peak of wave 3? The orange shaded area shows previous price highs , pivots, swings, (box highs) holding the price turning into a support. I have a buy signal on this, and I'm taking it. What about you?
Long
by iTradeAIMS
Bearish until 200 DMA breaksIf you look back to the 2018 bear market, you will see a very similar pattern to what we are seeing now. Clear bottoming formation, break of downward sloping resistance, strong Williams Alligator turning bullish, RSI increasing. BUT was turned back twice by the 200 MA! While there is no doubt the PA has been bullish and the chart looks good I just cant flip fully bullish unless that 200 is broken. While I dont take short positions often, I think a strong setup would be at or just below the 200 MA in the 54k region with a target of 41400. Happy trading. Hoping I can update this with further bullish signals.
BITSTAMP:BTCUSD
by jryan20
1