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Bollinger Bands (BB)

BIST 100 index may start to bearish period this weekStarting with the FED's announcement, USD/TRY started to go up. This means Turkish Market top 100 BIST 100 may start a downtrend. Usually BIST 100 and USD/TRY moves opposite directions. Uptrend of BIST 100 started on May 22nd. When we look at the daily chart price is on support level, RSI is also on support level On 4hours chart; price is on support, RSI broke the support downwards, moving average is testing the bollinger baseline, parabolic SAR started to point down movement, last but not the least is bollinger bands narrowed down for a steep movement. Lastly on 1hour chart; moving average has already broken the bollinger baseline downwards, RSI and SAR indicators are also confirming the down move. Price should be checked to see when the price breaks the support. If the movement will start, first aim would be 101578, if that support will be broken also 100792 will be the next support. PS: These are just my opinions, you should double/triple check my drawings before making a decision :)
BIST:XU100Short
by Emrut
KRDMD shares may fall hard if it brakes the supportNow the price is going in a triangle with downtrend. Downtrend started on 20/6 and still working, support line is on 2,23. It has been tested 4-5 times but couldn't break the support. When we look at the indicators; 1- RSI broke the support on 3rd try. It may continue to 30's, 2- Parabolic SAR started to show that price will continue to go down, 3- Moving Average is almost breaking the Bollinger baseline, 4- Bollinger bands narrowed down and ready for a steep move In conclusion we have to check the price to break the support line on 2,23. If it will be broken, next support will be 2,17 than 2,10
BIST:KRDMDShort
by Emrut
2
US30 Perfect Short H1 / H4 sell position at price 25680 /25700. Take profit at 25200 / Stop Loss at 25775 Last week was a bad week for the US Dollar. The currency shows weakness after several china-us trade war news, US company loses and US Home Sales below expectations among other bad News Releases. I expect a big downside momentum after taping on the 25700 / 25675 zone resistance. Technical analysis showing FIB 61%, MA 100 & 200 tap, Bollinger Bands overbought zone, RSI approaching 70% and downside trendline touch between 25675 / 25725 zone. The downtrend momentum should be strong enough to break 25300 and retest, setting Take Profit at 25200 massive resistance tap.
FX:US30Short
by pacheco1698
forexTrdr USDJPY- TOPPY TOPPY YEN- EXPIRY SEASONGood morning traders, And welcome to a new week- our recent tradingview charts were unfortunately removed due to us breaking house rules of including our website in the title. So we are reposting this US dollar Japanese Yen setup from Friday which is still live. Friday was an extremely technical day with option expiry's driving Yen pricing into the end of the Asian trading week and Tokyo close and then keeping the pair on a short leash into the actual expiry deadline in early New York trading. We have a toppy setup forming in US dollar versus Japanese Yen as the pair approach the top of their recent trend of 109 to 112. We are looking to enter a short trade here with multiple technicals lining up to confirm the naked trading view that the market should head lower after reaching resistance area at the top of the recent range. Our TradingView charts show the resistance and support levels highlighted in purple along with various technical indicators backing up our view. Slow stochastics are at extreme levels and starting to turn lower on shorter time frames, RSI looks overbought and Bollinger bands are at the top of the range. There is a large option expiry of around 1bn at 112 area which will expired on Friday afternoon helping the pair close above 112 on the daily but at overstretched levels points to a retreat lower as option technicals diminish. Good luck trading Team at forexTrdr find us on instagram, twitter and Alexa flash briefings
by forexTrdr
forexTrdr EURCAD- ALL OF THE LIGHTS LINING UPGood morning traders, And welcome to a new week- our recent tradingview charts were unfortunately removed due to us breaking house rules of including our website in the title. So we are reposting this Euro Canadian Dollar setup from Friday which is still live. Looking at short setup on Euro versus Canadian dollar as multiple technical indicators line up to show this pair in overstretched, over bought territory oddly as oil continues to rally today (in Canadas favour) and Draghi reiterated the potential for using more instruments for forms of Quantitative Easing at yesterdays ECB central bank meeting. On technicals front we have overbought levels on RSI , top of the range levels on stochastic and bollinger bands. Quick simple technical indicator driven trade. Good luck trading Team at forexTrdr find us on instagram, twitter and Alexa flash briefings
Short
by forexTrdr
ETHUSD - Not Strong at the MomentETHUSD doesn't look nearly as strong as the other names, but I digress and let's see where this plays out. This 15-min Chart is simply elaborating on the current change in direction, highlighted by tagging the outside of the 50 period band @ 3.2 (again, 15-min time frame), and the downward slope of the lower band seems to be supporting this notion as well as some support and resistance areas - lots of noise going on. To think otherwise would imply a crystal ball. Let's see how it plays out - look at higher time frames. I'm presently sidelined on ETH. If you want to trade more effectively, visit a link below.
KRAKEN:ETHUSD
by MrJEB
1
Bitcoin heading to a big breakout of $4050 and beyond!Hi guys we looking at the 4 hr chart The orange Bollinger Bands with the crosses on the edge of them are price spread at 2 Standard Deviation away for the 55 days. The green Bollinger Bands with the green thick line are prices at 2 Standard Deviation for the 21 days. Standard Deviation measures price spread over time – the volatility of prices. Upper bands represent prices at +2 Standard Deviation away / higher volatility and bottom of the bands represent prices at -2 Standard Deviation away / lower volatility. Currently we can see prices moving back above the 8 EMA orange line and a sign we gaining bullish momentum again. It did drop from the last 4 previous candles (16 hours again) below the 8 EMA orange line but now it's heading to bullish breakout as approaches above the 8 EMA We can see from the Bollinger Bands prices that for the previous 2 to 3 days, the 21 day Bollinger Bands is engulfing the 55 day Bollinger Bands to the upside. It simply means the 21 day prices are moving at a faster volatility to the upside then the 55 day price spreads. This is showing it moving more to the upside then the downside and that’s a very good thing. The Stochastic RSI look quite at the top and looks like it losing momentum but the unexpected breakout from $3960+ as it is bullish would make the RSI loop more to the upsides above the 90 level for perhaps a long FOMO breakout. It's bullish for now and great time to buy There was previous resistance from the higher highs around the $3960 but this current price shows it has a greater chance to break through it to $4050. If correct it has broken the upper black trend line from the daily pennant chart and means we are very bullish from the daily side as well. This can create FOMO of prices from $4050 to $4800 or maybe more
BITMEX:BTCUSD.PLong
by SmallWindow
BTCUSD 1D - Heikin Ashi, Bollinger Bands, CCIOBV & ChaikinThis is a 1D BTCUSD chart (BitStamp) using Heikin Ashi candlesticks, Bollinger Bands, EMA (9, 15, 21, 55), a custom CCIOBV indicator and a CMF indicator. Reviewing 1 month. Heikin Ashi is another Japanese candlestick pattern and HA actually means ‘average’ in Japanese. It does just that, averaging out price movements using a weighted calculation I won’t cover here (refer to Investopedia - www.investopedia.com). Effectively what you need to understand is that it smoothes out price action by reducing noise and making key trends easier to identify. This is great for trend traders, not so great for day traders that rely on volatility and short term price action. Over the last month, we have seen 20 red candles and 10 green, the most bullish month in a while. Price action has consolidated after the large move down in November, oscillating around 1,000k over the month and clearly consolidating around the 4000 S&R area over the last week. The most recent price action over Xmas to New Years has been bearish to neutral, which trading volume down as most are away from their screens. Bollinger Bands, the three blue bands that ‘wrap’ around the BTC price, were developed by a guy called Bollinger. The top and bottom blue lines are simple 2 SMA away from the current price, while the line in the centre is the average of the two. The great things about this indicator is that we know, 90% of the price action will occur within these bands. And generally, if the price is at the top/bottom 20% of a band we are likely to see some price action towards the middle of that band in the near future. This is based on the simple concept that price’s oscillate around an equilibrium. Since the violent bearish price action in November the BB have gradually contracted. This reflects the tightening range of the price action over the last month of about 1k only. Note that the BB were much tighter, or contracted in November, then they are now so we could see this market consolidate more over the next few weeks before another breakout. This is probably the most valuable concept behind BB, called the squeeze, is basically the idea that as price bands tighten, they will eventually pop with price breaking out. At this price level a hedge, either up or down, is worth placing. Volume is one of the most reliable indicators but it is important that you understand how much wash trading is happening on most exchanges and choose to trade only on reliable exchanges (read this for more information - www.blockchaintransparency.org). The volume has declined since the 20th of December, diverging from the price action overall, and heading to levels not seen since early November (the last dump…) This is a very bearish signal IMHO, even after seasonal (Xmas etc) and factored in. Remember that weak volume goes hand in hand with weak trending (price consolidation and sideways action). For how long before another breakout is the question? IMHO Volume this low tends to indicate that it can’t be long and it the breakout could be bearish . The CCIOBV is a custom indicator by Lazy Bear (you can get it here - ). It combines two oscillators, the CCI (Commodity Channel Index) and OBV (On Balance Volume) and it’s complex to explain but it provides very interesting information. By simply colour coding the indicators, it is easy to read this indicator. Green for bullish, red for bearish and the Signal indicator is orange. Basically if the CCIOBV is green and above the orange Signal indicator, we are in a bullish trend. The CCIOBV key changes from red to green, vice versa, can clearly be seen by the vertical lines I have added to the chart. If I simply traded based on this indicator alone I would be a successful trader but simply buying and selling the day after the indicator changes colour and by looking at it’s relative position to the Signal line. It turned bearish on the 2nd of December and flipped bullish on the 16th, then tracked it all the way to 24th of December when it flipped bearish again until the end of the month. If you do just swing trade over several day periods, this indicator alone would make you money. Although it is bullish now, as it is sitting on the Signal line, it is not a low risk trade because the market is going sideways and we are approaching a possible breakout point. Without hedging it would be a risky trend trade IMHO. The Chaikin Oscillator (www.investopedia.com) is my final indicator, something I am testing at the moment but still not 100% confident with. Chaikin Oscillator is an indicator of the MACD, which is an indicator of the EMA, which is an indicator of the MA, which is an indicator of price action. I won’t get into the details of how it is calculated, but will try and describe what it tries to tell us. Technical analysts believe that the balance between buyers and sellers is what drives the markets. TA use indicators to measure the balance between buyers and sellers, including accumulation/distribution indicators like the Chaikin Oscillator. When the CO crosses the zero line, that is bullish buy action, and vice versa. Standard settings are 3 and 10 day EMAs, can make the indicator less responsive with 21 and 15, for example. The CO remained in negative territory until the 19th of December, when it switched positive. The indicator was lagging significantly compared with other indicators, but it does provide further confirmation of a change in volume. What is interesting to see since the 20th is a tightening of the CO around the zero line, indicating neither positive or negative. This sideways action may preclude a major price move. Overall I am neutral to longer term bearish. Although we have seen some bullish candlestick action, the follow through has not been strong and volume has been declining for the last week of the month. The CCIOBV offers no clear trend, although it is short term bullish. While the Chaikin Oscillator is sitting around the zero line, we see no strong bullish volume. The longer this goes on, the more bearish I will get.
BITSTAMP:BTCUSD
by CarbiArbittrage
NVIDIA SHORT IDEAHi guys ! I post my recent analysis for Nvidia and sharing with you my trading idea. My main view is short for Nvidia with first price target 120$ and then 109$ . My main corcern for Nvidia is the big slowdown at crypto market and as aftermath from big prices decline is lower demand for GPU powerfull systems ( which are sold for a high price). This demand decline signals lower margin profits for Nvidia and it will be seen from investors in 2019. As from technical analysis scope the indicators that I use ADX and Vortex Index signals short for Nvidia. Also my price targets are covered from Bollinger Bands at the monthly chart that i use. Hope you find my analysis usefull fro your trades. This is only an idea, so you must consider all the variables before a trade.
NASDAQ:NVDAShort
by OmenFinance
8