ShortRadical can rebound pressure after the short, mainly 30 minutes with the trend bearish signal, and has been established, has fallen through the effective lower fractal. And the top separation of one hour will play a role, and the decline is often two waves. Steady try to long, of course not now, the upward trend of 0.618 support long, I am more satisfied.
Bill Williams Indicators
BTCUSD(update)The deviation continued at the end of 4h, and the trend basically kept up with the forecast. At present, 1 hour has broken through the effective fractal, but the acao green column is already very high and needs to be recalled, and it is just near the rising linear regression median line. The callback focuses on 0.618. If the bottom classification occurs in 15 minutes, try to be long. Have been in accordance with the plan to take long break even loss.
I estimate that the RSI of 4H 14 phase can reach about 70, which is a conservative goal.
The death of mocha makes me feel very depressed now. It's a joke to get rid of poverty in an all-round way.
Wait and long1H has broken through the second effective fractal, 4H has a bottom deviation, there is no big problem to see the short-term trend reversal, bullish. But the current callback has not been completed, but the callback is not a straight-line decline, there will be serrated, see figure for details. Overall, I think we have made a low point and need to rise.
In conclusion, bullish, but need to callback, but the first round of callback is close to completion, need to rebound. This is my view of the rhythm of small rise, medium fall and big rise.
LongCall back long. Break through the effective fractal buying signal in 30 minutes, the departure from the end of 4 hours does not end, the linear regression median line resistance, callback to the red rectangle to try to do long. 15 min shows that the deviation price needs to be corrected before it can continue to rise.
ENJIN Price Prediction (Need Expert Advice)Ok so I'm fairly new to understand indicators, pricing patterns and other such charting tools but I'd really love some expert advice and thoughts on a extreme beginners first attempt at a price prediction in a strange strategy and mix of polar opposite indicators that I believe could still provide an accurate outcome.
Ok so my prediction is sometime around 8:00 on Jan 19 the price for ENJIN will settle somewhere around 0.22280536
I came up with this by placing swing trading pattern indicators on my chart then seeing the difference between the pivots in highs and lows
With around . 02 to .05 movements on average,
Leading me to believe the recent spike in volume occuring in the 17th was FOMO buying resulting in ENJIN finding new support at 0.22404000 then bouncing through to the 19th settling right around the new support level at
0.22280536
The main way I came up with this prediction was making the trend line run along the swing average give or take and then using bill williams 3 lines to determine if the spike was going to be a constant up trend or a flash buy.
Anyone who knows what they're talking about I could use some advice or thoughts on this strategy and charting. (The fans just for me to weigh out P/L)
SNX / USDSNX has shown a strong performance over the past weeks.
I'll be looking for confirmation around $7.5 - $7.8 range. This would potentially establish previous resistance as support (blue), this scenario also uses the alligator's jaw (green) as a pivot.
If accompanied by volume, this factors have the potential to catapult SNX up to the $10 price target. As forecasted by the new developing channel (purple), the FIB retracement tool, and elliot waves.
Holding the $7.5 support cluster is key for this scenario to play out. Otherwise, look for support within the original channel (blue).
Using data to beat irrational markets by emotional players.