Btc short scalpPerfect hit of the upper Bollinger band and the resistane line indicated by BB Bot mentioned in the previous post.
Limit short got hit and took initial profit to pay for the trade. Trailing stop in place now.
Ideally would like to see a retest of 10k area to confirm sup/res flip, but as we know Btc has a tendency to not look back while trending.
Bollingerbandstrategy
Btc current sitrepSo Btc is above 10k once more. Currently at weekly resistance line (see chart) as indicated by BB Bot. Notice that the volume is much lower than last time we tested this area, which doesn't exactly inject confidence in this move.
If we break this horizontal I would expect a bullish retest (resistance flipping into support), and a test of the next horizontal around 11.3k. Breaking the latter would mean we are back in a bull market.
Not trading directional moves with unhedged positions at the moment since there are many great arb opportunities currently with futures/options with close to zero risk.
Cryto Trading 101: Bollinger Bands And VolatilityHave you always wondered how to identify when Bitcoin is volatile and in which direction it is heading? You’re in luck – you can identify both volatility and direction with Bollinger Bands!
Bollinger Bands
Bollinger Bands are a volatility indicator displayed by a moving average and an upward and lower band. Both bands are typically 2 standard deviations away. When the bands tighten (as it is the case right now), there is less volatility in the market, and a big move is expected to occur soon after. When the bands are very far apart, the market volatility is considered to be very high. The 1-day chart usually works best in determining the overall market volatility and direction.
Bollinger Bands can also be used to identify the direction of the market. For example, when the bands are tight, and then the price breaks through the upward band and the EMA points upwards at the same time, the indicator suggests that a bullish trend has commenced.
Traders can combine the Bollinger Bands with the RSI crossovers (the RSI with crossovers will signal a buy when the RSI goes from oversold to normal). This strategy works well to identify when the market has recovered from a severe crash and it is marked by the green circles on the chart. In the crypto market, this strategy is typically used on shorter time frames (≤ 4h), to provide more accurate signals.
Other indicators that can work well with Bollinger Bands are moving averages. For instance, you can use the Bollinger Bands to find a dip in the market, and then use the crossover of the 1 and 15 EMA to enter a position once the trend is back in your favor.
EURUSD BB ANALYSIS As per my previous trade ideas. We sell because the daily candle keep rejecting the top bollinger bands. As you see above the daily candle already close on the top bollinger bands. Which indicates it is following the monthly direction. Starting from this point it is safe to assume that EURUSD price gonna rise up in the next few weeks. Be careful in finding entry to minimise risk as we trade on daily time frame 😉
GBPUSD REVERSAL_IMMINENT...Technical Analysis: Heavily Overbought Stochastic RSI with Resistance Bollinger band hit.
Fundamental Analysis: Initial Jobless Claim positive consensus this week should cause the reversal for next week, along with CPI MoM, YoY positive consensus, to carry this new trend we can expect the Initial Jobless Claim, Michigan consumer sentiment and the building permits to drive the price down and reinforce the new markets sentiment as well as negative economic data for GBP.
Currency Coefficiency: With that in mind about Cable if we have look at EURUSD & AUDUSD you should also be able to see and imminent reversal in trend there as well if you are not aware of currency coefficiecy, I have left a link below.
www.markettraders.com
TSLA Bollinger Band Snap and OOPS PatternWe recently shared posts on the nature of Bollinger Bands, Bollinger Band Snaps, and OOPS Patterns.
NASDAQ:TSLA looks to be setting up for a possible move lower based on those technical indicators.
On both July 2nd and July 6th, we have seen gaps to the upside, OOPS Patterns. Both days, the open of the bar was higher than the previous day's high. We have yet to retrace lower to close that gap. All of the price activity for the past two days have traded completely above the previous day's high.
Also on July 2nd and July 6th, all trading activity has occurred above the 2 standard deviation Bollinger Band, a Bollinger Band Snap. Price does not generally trade above the Bollinger Bands for long, indicating a possible price pull back to inside the Bollinger Bands.
These two indicators combined, add to the weight of a possible pullback on TSLA.
You can choose to enter short now based on the Bollinger Band Snap or you can choose to place a sell stop order at the July 2nd high to enter based on the OOPS Pattern rules. If you are entering with an options trade, it's encouraged to allow plenty of time until expiration to reduce the rate of time value decay on the position and also allow time for TSLA to move in favor of your position.
Bollinger Band Snaps (BBS)Bollinger Band Snaps (BBS)
Timing of options trades are elusive, especially during dynamic price trends. There is one technique, however, that reliably and consistently allows you to time trades. The Bollinger Band Snap (BBS) signal occurs at very precise moments during a bullish or bearish trend, and vastly improves timing of both entry and exit.
The chart of Chipotle (CMG ) is highlighted with three examples. The first occurred in late February, when price moved below the lower Bollinger band for two sessions. The move then “snapped” back into range, which is predictable. Price rarely remains outside of the Bollinger Band range for long.
The second event occurred in mid-March, when price moved below the lower Bollinger band. In this case, the expected retracement (snap) happened the next market day.
The final incident was the longest of the three, from mid-May into end May. Price traded above the upper band for six consecutive sessions before snapping back into range.
The signal is reliable because a retracement back into the Bollinger Band’s two-standard deviation range is inevitable. It can take a longer or shorter period, but it eventually occurs. The signal provides both an entry flag (when price moves outside of the band) and an exit flag (when it moves back into range).
Trading this signal is also apparent at the time it begins to develop. A move outside of the Bollinger trading range generally is going to snap back within a few sessions in each instance. In the February case, price was approximately $755 per share. With the expectation of a snap back into range, a bull credit spread could be opened with puts. Buying one 735 put and selling a 740 put would have set up a small credit. Using the weekly expirations ensures rapid time value decay.
In the second example, price was approximately $465 per share. A call could be opened using 4 – 6 weeks to expiration and opening an at-the-money strike.
The credit spread strategy could also be applied in mid-May when price began advancing above Bollinger’s upper band at $998 per share. Buying one 1030 call and selling a 1025 call for a credit.
In all of these instances, the entry point is easy to identify. It is seen where price moves outside of the two standard deviation range marked by the upper and lower bands. The exit point then occurs when price snaps back into range.
The " HangMan "
This is a new strategy I'm trying to develop utilizing volume profile theories to identify reversals for swing trading in range bound markets only ( not trending)...It's firstly selected on the dailies using the Alligator as a filter for non-trending markets.
If the mouth is 'closed' the Alligator is sleeping, and it's likely to be changing into a range bound market...
The Hangman is then found using a 2 hour time-frame.
There is several criterion.
1. The white horizontal lines are the days volume point of control or VPOC ( max volume price). There needs to be a narrowing of distance between the last 3 days in price percentage ( deceleration). All days must be below the 20 EMA moving average.
2. The next criteria is the price must rally > 20 EMA and form a HH Gann swing;
3. and a higher VPOC must form creating the two "eyes"
4. The BB % B must show at least 1 oversold signal below 10% line in last 20 bars or 2 spikes within 50 bars
5. To enter at a favourable price look for the Gann Swing Oscillator to be -1 ( buying) on a retracement down...
6. and price must fall but be = or slightly > 20 EMA and below than the " eyes" VPOCs...
*stoploss is -0.1% below the lowest " mouth" VPOC
* Target must be > 2 * stoploss.
BTCUSD - Weak Uptrend Today. Price Technical Analysis #86Market in last 24 hrs
- As predicted in the previous analysis, BTCUSD price moved up. Market moved ~6%, between $8.7k and $9.2k
- Price at time of publishing: $9,145
- BTC’s market cap: $169 Billion
Today’s Trend analysis
Price expected to move up today. Most of the Oscillator indicators are neutral. MACD histogram continues to be in positive zone. RSI and CCI are trending up, currently at 57 and 150, indicating that bulls are gaining strength and are in control. Interesting point to note is that the price is now at the upper Bollinger Band, hence price is not expected to move up drastically.
- Weak uptrend today
- ‘Oscillator‘ indicators are mostly neutral. RSI at 57
- ‘Moving average‘ indicators are indicating an uptrend. Ichimoku Cloud is neutral
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 4 hr candles.
DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter sudden jump in trade volume .
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Weekly AUDUSD ANALYSIS...Do your own analysis ...
Dont Forget Moving StopLoss At Breakeven
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. You must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
{SWC}—— K1, Who Is Number 1? Thank you for your continued support :)
Strategy: Bollinger Band Strategy
Bias: Bullish. Prominent volume kicked in today and breakout the box consolidation zone at the price of 0.215. With the surge of price with significant volume, there was a bollinger band breakout observed.
With the widening of bollinger band, SWC believes there will be a positive movement in near term if the momentum sustained.
R: 0.230, 0.240
S: 0.210
If you find this idea helpful, do not hesitate to drop us a like and comment! Happy trading! :)
{SWC}——SCICOM, able to maintain the momentum?Thank you for your continued support :)
Strategy: Bollinger Band Strategy
Bias: Bullish. Scicom share price rebounded from Bollinger Lower Band. In addition, based on candlestick pattern, it showed bullish engulfing formation.
According to Bollinger Bands Strategy, when a stock price hitting the BB low band, it will potentially raise back to Bollinger Mid Band. When momentum continues, it will challenge the Upper Band.
Thus, the immediate resistance is the mid band which representing 20MA, RM1.20.
SWC expects a positive movement in near term. Kindly take nota that, a small resistance (RM1.25) will be faced before looking for a higher resistance zone of RM1.28.
Resistance, RM1.20, RM1.28
Support: RM1.12
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Riding the Bollinger MA to gloryJust as predicted, we stayed in bull territory and after some consolidation to the 7.6k level we broke our 8k resistance. In the chart linked below, I point out various points in the past few days were we have bounced off the Bollinger MA (RED LINE IN CHART).
As you may know, a bull market will show in the Bollinger bands by staying in upper RSI territory and staying above the MA (for the most part). Below I have highlighted in yellow multiple times over the past few days where we have bounced-off or stayed above the MA and even "ridden" it for hours at a time.
Notice how any time we dipped below the MA it was for various parts of the hour. If we were to expand to a 5m interval, we would see that these dips lasted minutes at a time. These periods of consolidation are what allowed us to rocket past 8k due to overwhelming buy pressure.
This is only my second publication so feel free to offer constructive criticism :)
BTC >> Bull/Bear Market based on Weekly BBandsHi everyone,
Welcome to another very brief update on Bitcoin!
The chart presents a Bull/Bear Market Trend Analysis based on the weekly bollinger bands on the Weekly Chart of #Bitcoin.
Breaking $8,500 and closing a weekly candle above that level is a major sign that Bitcoin is back in a bull trend. Until that happens, we're still in bear mode & the trend is your friend.
Enjoy the chart,
Leb Crypto
clear divergence in EURCHFwe can see a RSI divergence in H1 chart and the price is on a support zone in H4; price is under low Bollinger Band ancd could push up towards 1.09150 at least.
Good risk return trade; set your stop loss under 2019 lows of this pair.
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