HKEX:0811 Potential Profit 11.8%HKEX:811 It broke the parallel channel, and the bollingerbandswidth is expanding, ADX is more than 25 and DI+>DI-, meanwhile MACD occured positive crossover.
Cut loss @5.72
Target @6.98
Buy in @6.25
Bollinger Bands (BB)
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.
We broke the triangle and we are heading towards 200 EMA, Short What does this chart clearly tell you? Broken triangle, rejection from 100 EMA, bearish price action, tight bollinger.
I'd go short with stoploss above the purple line. We should bounce from 200 EMA, if we blast trough, then we are going to retest the 4700 and 3500 lvl.
Keep it simple. Keep it clear.
The spread between Finex and other exchanges is bad sign aswell.
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
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
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.
SCHX - Long // technical analysis(RSI, 14) @73, slowly growing for the past week.
Stochastic RSI @.81
Bollinger bands on a Day timeframe in upper level.
Bollinger bands on a 1h- timeframe on a tight squeeze.
On march 28th price crossed the 21-day moving average (short term bullish)
I would watch for a consolidation break.
This is the trade I would make:
Entry: 68.5
Long: 71.4 (+ 4.23% )
Short: 66.71 (- 2.6% )
RRR: 1.62
XMR continued squeeze, waiting for a releaseThis squeeze has been on since mid January and continues to squeeze tighter with momentum slightly to the positive side. A release from the squeeze and confirmation of direction is pending.
amzn rising wedgeamazon out of bollinger band on daily breaking rising wedge
at min pullback or stall
All time low in volatility - Big Move coming for RippleThe lower graph is Bolinger Band Width, which is a measure of volatility. When we get very low volatility, it is a sign that a major trend is about to start.
If you look at Bitcoin just before it nosedived from 6k, you'll see the same story - a multi-month continuation pattern and a tightening volatility,
here BTC went south, but as it is a continuation pattern it's debatable which way the trend will go for XRP.
Up and Down for BitcoinRising Wedge forming with prices of Bitcoin being extremely volatile in that range. After breakout, $4100 resistance would be tested.
However, Bollinger Bands are telling another story about BTC prices as the lower line of the Bollinger Bands are going sideways and possibly further downwards. Increasing the volatility of BTC with so much room for the price to move about.
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
ADA at historically low volatility lvlBollingerband width at or below historically low volatility levels. Ttm almost squeezing on the KC 1.5 atr
XMR near historic low volatility lvlBollingerband width near historic low levels of contraction. TTM alerting an ongoing squeeze
EOS next to see action imoBollingerband width has not been this tight since Nov 2018, prior to the significant volatility experienced thereafter
Copper (HG) sell signalCopper (HG) D1: Resistance zone + 2 Pin bars + Side of Bollinger Bands (50,2).
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.
Possible Long Position for ADA/BTCTesting out a new trading technique using Bollinger Bands on the RSI, price should retrace to the suggested buy area and with ADA being in a triangle, (similar to the XRP pump in September(i think??)) and currently down 89% from ATH this puppy should moon, if all goes to plan it'll probably blow my targets out of the water.
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.
The FUTURE high / low price swing dates for COLBThis chart will be updated with new swing dates before November 28, 2018.
BBW 3D low volatilityI posted this on Twitter last week, the Bollinger band width on 3D timeframe has only been below the 0.1 value 3 times before, each time resulted in a significant rally.
The yellow figures represent how many bars it stayed under 0.1. It is currently on 5 consecutive bars, so although it could squeeze for a lot longer, I expect it won't last much longer.
I'm long (with stops in place of course).
NVDA Set to Test ATHNVDA is set to complete another bullish ABCD triangle within its skew-up parallel channel. The last time we had an upward C phase with a gap in the daily was back in January. Expect NVDA to test $285 and up to $290 if it breaks through. Sharp resistance is expected around $290 and beyond - the farther it extends beyond $290 the greater the severity of the correction.
Short term bullish, medium term bearish, long term bullish. Only playing with vertical spreads using a bounded-range strategy.
Bitcoin Daily Update (day 207)I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business.
My most recent Bitcoin Bubble Comparison led to the following predictions: 1 day - 28 days = < $5,750 | bottom prediction: $2,860 by 10/30
Previous analysis /position: “I am going to continue to wait on the sidelines for further development. I will be watching for the price to retest prior resistance for support at $6,560 and see what happens from there.” / Sidelines
Patterns: Descending triangle
Horizontal support and resistance: S: $6,550 | Will price resist $6,800 and/or create lower high or will it create a higher high?
BTCUSDSHORTS: Back down to 27,439 which is not far from support
Funding Rates: Longs pay shorts 0.011%
12 & 26 EMA’s (calculate % difference): 12: +0.007% | 26: Being tested for support | Will we get a bullish crossover?
50 & 128 MA’s: Brokethrough 50 MA and is finding support from it | 128: -3.91% | Price is being squeezed in between the two, will it get a golden cross?
Volume: Unimpressed by volume behind this recent pump.
FIB’s: 0.618: $6,611 | 0.5: $6,763 | 0.382: $6,916
Candlestick analysis: Doji and bearish spinning top have been confirmed
Ichimoku Cloud: Daily cloud held as resistance. Price tried to break back into 12h cloud but has since fallen out of it. Top of 4h cloud held as resistance. All clouds are bearish except for 1h which recently had a bearish TK’ cross and has re entered the cloud. It illustrates $6,444 as major level of support.
TD’ Sequential: Weekly price flip following G2 > G1| Daily G4 | 12h R3 | 4h R7 (R9 should provide a bounce and it will be very important if it creates a higher high or a lower high)
Visible Range: Remains in high liquidity area. Should be significant supply and the demand seems to be waning.
BTC’ Price Spreadsheet: 12h: -1.44% | 24h: -1.01% | 1w: +5.89% | 2w: +5.3% | 1m: +1.45%
Bollinger Bands: MA at $6,487 should get retested after pulling back from top band. Tightest the daily bands have been since April of 2017. Tightest we have seen the weekly bands since Dec 2016.
Trendline: Top of descending triangle = $7,044
Daily Trend: Bearish
Fractals: Up: $7,400 | Down: $6,098
On Balance Volume: Bull div’ on weekly.
ADX: ADX is nearing all time lows which indicates that the chop should be coming to an end soon.
Chaikin Money Flow: Bear div' on daily as CMF’ continues to make lower highs and lower lows.
RSI (30 setting): W: 49.13 | D: 48.7
Stoch: Daily sell signal
Summary: All signs are pointing to a huge move being on the horizon. The Bollinger Band super squeeze that is occurring is a very strong indicator of upcoming volatility. The ADX’ nearing all time lows provides confirmation.
A move is coming, but there is no way to be sure which direction it will go. Therefore it is best to be prepared for both outcomes. If the price breaks out of the triangle (on volume), creates the first higher high of 2018 and breaks through the daily cloud then it will be time to enter a large long position.
However, there is one reason why I do not believe that will happen and it is the overall sentiment on Trading View and Twitter. If this was the end of a bear market then the majority would be calling this a dead cat bounce. Instead the majority still seem confident that the bottom is in and that it is time to accumulate.
The bottom is found when there is overwhelming fear, doubt and uncertainty. The bottom does not usually come it when the majority of market participants remain bullish. That is why I will be confidently looking for a short position to enter.
These next couple days should be very telling. The current pullback should bring us to $6,444 - $6,550 and what happens from there will be extremely important. If the bounce creates a lower high below $6,835 then it will be a tremendous shorting opportunity. If it does create a higher high then it will test the top end of the descending triangle at $7,000. I would view that as another great shorting opportunity due to being able to set a very tight stop loss which would likely provide a > 10:1 risk:reward ratio.
ETHUSDLONGS have entered extremely overbought conditions and are over 2X greater than prior all time highs. That could fuel the most epic squeeze crypto has ever seen and could likely be the catalyst for the next drawdown in the markets.
