Idea which no is looking atAs you can see in monthly chart, bitcoin has touched bottom of Bollinger bands. This is first time in bitcoin history, and every time it is near bottom of Bollingers, it bounces.
Ready to go upside in upcoming month.
Bollingerbandstrategy
Volatility within a rangeHere’s one if you like drama. Barely averting a strike in Norway, ongoing conflicts in Ukraine, the Saudis cutting supply to China, oil is in the middle of it all. With so much uncertainty, oil has been suffering bouts of volatility recently which presents an opportunity for trading.
Over the past month, crude oil futures seem to be trading within an ascending wedge. A bollinger band marks out the upper and lower range that prices have bounced off previously. When coupling this with Relative Strength Index (RSI), we see a recurring pattern where prices bounce off the lower bollinger band as RSI reaches the oversold levels. With current prices trading near oversold levels and the bottom bollinger band just a touch away, we see a bounce on the horizon.
Let’s stay patient and wait for confirmation from prices touching either the support of the ascending wedge or breaking the lower bollinger band before committing to the position.
Entry at 117.8, stop below 114.5. Target at 125.
Disclaimer:
The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios.
$SPY BB OptimizationUsing @KioseffTrading BB Optimizer on SPY, really loving the data I am seeing on this. SPY is seeming to have a hard time currently at $410 and the BB optimizer has an exceptionally well win rate %, will be eyeing this down for an entry in the near future using this optimization tool!
SOBHA LTDBollingerband open indicate high volatile
Inside bar breakout which indicate trend will continue
Punjab National Bank OUT-IN BB Trade. Outside Inside of Bollinger Band with 2nd Hummer Trade.
Buy @
Stop Loss @
Terget @
SPX temporary bottomThis could be a temporary bottom for the Market. First we have a divergence both on the Stochastic and the RSI. The price bounced of the trendline and the Fibonacci(Bottom of the Corona Crash and all time highs).And on the Weekly the price closed outside of Bollinger bands which could mean that the price is oversold in a way. But this is not the market bottom, far from it. The situation in the world is unpredictable and unstable. Another reason are the Elliot waves on the weekly chart that I posted showing where the price could go.
HOW TO SWING TRADE USING BB - MACD!Today im going to show you how to use Bolinger Bands and MACD together to understand where the price is going.
So you can swing trade easily.
By the way swing trade is holding assets for profit for more than a day.
So this strategy is suitable for novice investors. But you will need practice before applying this to your trading strategy!
First of all i do not recommend betting against the market.
Do follow the trend when using this strategy. If the trend is upwards do not short the asset.
But there can be breakout from the existing trend.
Therefore we can also use trendlines to have better understanding of the market.
Lets identify indicators that we are going to use then i will explain how to use them to swing trade.
MACD measure specific EMAs and their relations. EMAs are mainly 12 period EMA and 26 period EMA.
There are 2 lines and 1 histogram on MACD. They are called, MACD line, Signal line, Histogram.
MACD line = 12 EMA - 26 EMA
Signal line = 9 EMA of MACD line
Histogram = Difference between MACD line and Signal line
We use MACD to identify trends so we can trade accordingly.
If the MACD line is above 0, we are in a uptrend.
If the MACD line is below 0, we are in a downtrend.
If the MACD line is above or crosses above signal line it is a buy signal.
If the MACD line is below or crosses below signal line it is a sell signal.
Longer histograms and being too far away from zero line means momentum of the trend is high.
These are the basic of MACD.
Bolinger Band is easier to grasp than MACD.
There is an upper channel and lower channel calculated with volatility and 2 Standard Deviations from 20 Simple of MA line.
Generally if the price is closer to the upper band, market is considered overbought and vice versa.
If the market is highly volatile bands widen and if volatility is low bands contract.
The most important thing about BB is 20MA. Generally price will test 20MA line after it hits the upper or lower band.
If price breakout or rejceted from it, trend is established.
So how can we combine both of them to swing trade successfully?
1- We have to identify the market trend. We can simply draw a trendline on the chart to identify it.
2- Use 20 MA as entry-exit
3- Look MACD histogram for momentum
4- Use lower - higher band as SL-TP
Example;
Look at the chart on the left!
Feb 04 19, uptrend started and MACD signal buy.
But there is no momentum.
MACD far away from zero line and price far away from 20MA.
Wait until price breakout from 20MA.
1- is the confirmation of trend with momentum rising and price breakout above 20MA line. BB start to widen meaning high volatility.
You can enter long trade here since price and momentum rising with volatility.
2- is the upper band of BB. This is take profit levels.
If you are seasoned enough you can open short position here with 20MA area TP.
3- Test of 20MA. You can enter short or long here with lower BB being SL - TP.
But with MACD signaling sell and losing positive momentum in histogram, short seems to be the RIGHT CHOICE .
4-Price cant hold 20MA. Drop to the lower band. SL-TP zone.
If you are seasoned enough, potential entry zone for long trade. TP being with 20 MA zone.
Lets take a look at the chart on the right.
Same chart, after a couple of weeks from chart 1.
There is a clear uptrend that started 09 March 20.
1- At 20 April MACD signal buy but there is no momentum and price was still below MA20.
It is logical to wait for confirmation which is the breakout of MA20.
2-Price breakout MA20 after a week.
Between 27 April - 05 Oct, there are more than couple times that market offers good entry zones.
Between this time, MACD momentum and lines are rising to the positive-buy zone.
3- Price is around upper band for a long time. Could be a TP zone.
Price also lost %25 value 2 in weeks. Some people use here as TP zone.
But MACD lines and histogram were positive.
Price didnt test the 20MA.
Also BB is still widening. Meaning high volatility in a bull market.
Opening short is not logical here.
4- Last time price touched the upper band.
Histogram started to lose momentum.
Potential TP zone and short entry.
To be honest this seems to be a good point for short trade but didnt work out.
Price went up (2. ATH) couple of weeks later with MACD momentum nearly finished.
Therefore always put SL-TP with your orders.
5- MACD signaling sell.
Low negative momentum.
If open short here, it could be like NO.3 on the chart.
Wait for confirmation.
6- Price test MA20.
After couple of weeks we broke down MA20. Bear confirmed.
Momentum rapidly increase to the negative zone.
Potential short entry.
7-Price cant hold MA20.
Lower BB reached.
Possible SL-TP area.
So sign from MACD to enter a long trade just yet.
8- Possible long entry with MA20 breakout above.
MACD signal buy with low momentum. Therefore wait for confirmation is logical.
After a week momentum rises.
Long entry seems logical.
New ATH for BTC.
So in short,
Identify a trend!
Check MACD for momentum and trend strength.
Enter when price breakout MA20.
Confirm the breakout before enter!
TP-SL at the MA20 and Band limits.
ETHEREUM - Sideways ✅Let's see how ETH is behaving.
This is a 1W chart. (Mid Term)
ETH has been going back to the main support level since the last time it set an ATH zone.
It is very unlikely for ETH to break support and go any lower.
It can get strength from the lower Bollinger Band or the Dynamic supports to pump back up.
As shown on the chart, we will continue consolidating and moving straight in the blue sideways channel.
Support levels: $2168
Resistance Area: $3094
Bollinger Bands can work as support and resistance too. Here is an example:
The market is showing BUY volumes for ETH.
Two resistance levels push down on value, and one support level holds the price high and shows strength. The higher band can work as resistance.
The Middle Bollinger Band can push down the value, and the Lower band pushes the price up.
If the price crosses the local resistance and stays above it for confirmation, we can open our long positions, aim for the next resistance, and use it as a TP point.
The RSI shows that ETH is below the 50 levels, the center.
If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings:
Current Market Price: $2800
Let me know your ideas.
Good luck.
Bitcoin Move up to 44.3-44.5kHey Traders,
As you can see on the Daily Chart of Bitcoin (BTC). The price action has formed a falling wedge. The Elliot wave count shows that the breakout is imminent. The ema's are for decoration. We have hard resistance right now because not only is it a trend- line but there is also the orange basis ema of the daily Bollinger band in the same spot. Additionally, the MACD histogram will flip green soon indicating an uptrend! But expect a retracement up to the golden pocket near 44k!
Safe Trading,
-Pulkanator
Falling Wedge in Litecoin!Hey Traders,
As you can see on the Daily Chart of Litecoin (LTC). Price action has formed a falling wedge which will breakout at the end of the month. The target for this is the .618 level which is about $119. Additionally, the RSI oscillator has indicated we have a weak Bullish Divergence. To also go with the $119 target is the orange basis weekly Bollinger Band resistance.
Safe trading,
-Pulkanator
ADA - Update ⚠️Let's see how ADA is behaving.
This is a 1H chart. (Low Term)
ADA is in the price range, considered solid support for the past two years.
There are two resistance areas on the way up, pushing down on price.
And there are two support areas on the way down holding the price up.
Support levels: $0.7786
Resistance Area: $0.9032
Bollinger Bands can work as support and resistance too. Here is an example:
The market is showing SELL volumes for ADA.
Two resistance levels push down on value, and one support level holds the price high and shows strength. The higher band can work as resistance.
The Middle Bollinger Band can push down the value, and the Lower band pushes the price up.
If the price crosses the local resistance and stays above it for confirmation, we can open our long positions, aim for the next resistance, and use it as a TP point.
The RSI shows that ADA is below the 50 levels, the center.
If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings:
Current Market Price: $0.8376
Let me know your ideas.
Good luck.
BITCOIN - OutlookAND I'M BACK! ✅
Let's see how BTC is behaving.
This is a 4H chart. (Mid Term)
There are three resistance levels on the chart, two of which are key zones, and each of which has the potential to push down on price.
Two support levels are holding the price up for now.
Support levels: $38200
Resistance Area: $41000
Bollinger Bands can work as support and resistance too. Here is an example:
The market is showing SELL volumes for BTC.
Two resistance levels push down on value, and one support level holds the price high and shows strength. The higher band can work as resistance.
The Middle Bollinger Band can push down the value, and the Lower band pushes the price up.
If the price crosses the local resistance and stays above it for confirmation, we can open our long positions, aim for the next resistance, and use it as a TP point.
The RSI shows that BTC is below the 50 levels, the center.
If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings:
Current Market Price: $39390
Let me know your ideas.
Good luck.
Bitcoin is about to Bounce!Hey Traders,
On the four-hour, we can see the MACD is creeping up to a bullish histogram while the RSI is indicating strength is coming back into the market temporarily. If this happens we will definitely cross the four-hour ema orange basis line of the Bollinger Bands .
Safe Trading,
-Pulkanator
Bitcoin 2022 Bollinger plus RSI 2x Strategy
Rolling VWAP
Supertrend MTF
Wedge and Flag Finder
A chart for future reference over the next two or four years till the bottom is not showing anymore- Im thinking.
I would add an addition supertrend normal and add the factor to 1.64 and a length of 156 and a price oscillator; with macd.
big move coming?potential morning star at the bottom of a zone. tell me what you guys think we are also at the bottom of the Bollinger band.
DIS TO $180. $130, $125, $115 support Dis approaching support level $130, $125, $115. Im buying at these levels for long with a target of $180. Disney will see COVID relief rally and economy recovery. This market may take years to see the effects of further rate increase.
Debt is questionable, don’t ask questions
This is not financial advice. It’s only is for entertainment.
NZDUSD / m15 scalpBased off the momentum and exhaustion shown on the h1 and h4 where it uses the 800ma(h1) and 200ma(h4) as support, along with my pattern trading style where I see the exhaustion shown on the m15 with price outside bollinger bands and extreme TDI, I have entered this trade.
In the bigger picture, on the daily, this looks like a retest of an inverted Head and Shoulders. This could take a few days to actually move up on the daily timeframe IF it finds sufficient buying pressure here.
My trade however is short term and based on m15.
Now let the trade gods smile on my behalf.
GBPAUD BOUNCEPAIR: GBPAUD
TIMEFRAME: 1W / 1D
ANALYSIS TOOLS: SUPPORT, 200EMA, BOLLINGER BAND(20)
-Price has hit very significant support and shown bullish momentum
-We see a bounce off lower BB as well as added confirmation
-Huge bullish hammer formed
POTENTIAL PROFIT: 350 PIPS
POSITION: LONG
WAITING FOR CANDLE CLOSE
How I Use Anchored VWAP's To Trade Nasdaq FuturesRight now the Nasdaq is at a very important area on my charts. We just came off another failed attempt of regaining the 200 Day Moving Average and now we are back to the VWAP from the opening day of the year and the VWAP from the low of the year. Both VWAP's are trading right around 14,550. I think that VWAP's from the open of the year and the low of the year are one of the best tools to test the trend of a market. Since we just failed at the 200 day MA, but we are still a good distance from the lows of the year, these VWAP's are going to be my key pivots for the next move in Nasdaq. I also use my Indicator, Beacon (which is free and open source on TradingView) along with Bollinger Bands to show you in this quick video how I will be trading E-mini Nasdaq & Micro E-mini Nasdaq Futures and Options in the coming days.
Past performance is not indicative of future results. Derivates trading is not suitable for all investors.
Bitcoin - Bullish ✅Let's see how BTC is behaving.
This is a 1M chart. (Long Term)
Looking at Bitcoin in a monthly timeframe shows that Bitcoin has been bullish since day one.
What I see here is a very noisy bullish pattern which could be either a flag or a pennant. Either way, it's bullish.
The market is showing BUY volumes for BTC.
The RSI shows that BTC is above the 50 levels, the center.
Current Market Price: $44940
Let me know your ideas.
Good luck.
BITCOIN - Still Consolidating ✅Let's see how BTC is behaving.
This is a 1D chart. (Mid Term)
The resistance area has rejected Bitcoin and seems it's been consolidating for the past few days.
There is local support, and the middle Bollinger band is also pushing up the price. Let's see how it works out.
Support levels: $43980
Resistance Area: $48168
Bollinger Bands can work as support and resistance too. Here is an example:
The market is showing NEUTRAL volumes for BTC.
Two resistance levels push down on value, and one support level holds the price high and shows strength. The higher band can work as resistance.
The Middle Bollinger Band can push down the value, and the Lower band pushes the price up.
If the price crosses the local resistance and stays above it for confirmation, we can open our long positions, aim for the next resistance, and use it as a TP point.
The RSI shows that BTC is above the 50 levels, the center.
If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings:
Current Market Price: $44791
Let me know your ideas.
Good luck.
DOGE - Daily ChartLet's see how DOGE is behaving.
This is a 1D chart. (Mid Term)
DOGE has pumped and crossed two resistance areas. Those areas are now our support.
There are two more resistance areas on the way up, which will push down on price.
Support levels: $0.1391
Resistance Area: $0.1482
Bollinger Bands can work as support and resistance too. Here is an example:
The market is showing BUY volumes for DOGE.
Two resistance levels push down on value, and one support level holds the price high and shows strength. The higher band can work as resistance.
The Middle Bollinger Band can push down the value, and the Lower band pushes the price up.
If the price crosses the local resistance and stays above it for confirmation, we can open our long positions, aim for the next resistance, and use it as a TP point.
The RSI shows that DOGE is above the 50 levels, the center.
If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings:
Current Market Price: $0.1482
Let me know your ideas.
Good luck.
