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ADA - 4hr chart updateADA Quick Update: ADA is still in the Bearish Zone of the Ichimoku Cloud for this 4hr timeframe. ADA is still below its 50EMA. ADA needs to eventually close above this level. ADA is still below its Bollinger Bands Middle Band Basis 20 Period SMA. ADA needs to eventually close above this level. ADA is in a triangle pattern and is approaching the apex so we need to keep an eye on if the breakout is upwards or downwards and if the potential breakout is on increased volume or not. At the moment of typing this, ADA is trying to get back over its Ichimoku Cloud Leading Span A (Senkou Span A) cloud resistance. At the moment of typing this, ADA is above its Volume Profile Visible Range VPVR Point of Control (POC) for this charts visible range. Volume is still relatively low and you can see that the Volume Bar is below its Volume 20 period Moving Average. The Moving Average Convergence Divergence (MACD) is indicating momentum is sideways, note that the MACD Line (Blue Line) is back above its Signal Line (Orange Line). Note that we have green histograms formed. We need the MACD Line to cross back over 0.0 for real bullish momentum for this 4hr timeframe. The Chaikin Money Flow (CMF) is indicating that we need to be a bit weary because ADA has dropped into the Distribution Zone for this 4hr timeframe. Note that the CMF (Green Line) is at -0.01 and below its Least Squares Moving Average (LSMA) which is at 0.05. Note that this is a 4hr timeframe so this can easily change to accumulation very quickly which will happen if ADA closes above the Leading Span A (Senkou Span A) cloud resistance which would take ADA back into the Ichimoku Cloud Equilibrium Zone for this 4hr timeframe. ADA has proven to be one of the strongest cryptos during this downtrend, but obviously we still have to keep an eye on what BTC is doing as sadly, alts still follow BTC's direction. I hope this quick update is helpful with your trading and hodl-ing.
BINANCE:ADAUSD
by entertheroach
5
BTC - Quick Daily Chart UpdateQuick BTC Daily Chart update: BTC is still ranging sideways within its Sideways Channel. BTC has found some resistance from its Weekly 50EMA, it is crucial that BTC closes THIS weekly candle above this level and turns it into strong support. BTC is still below its Bollinger Bands Middle Band Basis 20 Period SMA. BTC needs to closes above this level and turn it into support. BTC is still above its descending Pitchfork (A,B,C) Median Line. BTC is still below its Volume Profile Visible Range VPVR Point of Control (POC) for this charts’s visible range. Daily Volume is still relatively low and the Volume Bar is below its Volume 20 Period MA. The Chaikin Money Flow (CMF) is indicating BTC is still being accumulated and accumulation has increased from 0,02 to 0.14, notice that the CMF (Green Line) is back above its Least Squares Moving Average (LSMA) which is at 0.10. The Average Directional Index (ADX DI) is indicating the trend strength is sideways with the ADX (Yellow Line) at 39.29 below its 9 Period EMA (White Line) which is at 39.84. Notice that the -DI (Red Line) has dropped from around 33 to 28.52 and is pointing downwards. The +DI (Green Line) is pointing upwards at 13.16. This indicates negative momentum has dropped and positive momentum has increased on this 1D timeframe. We eventually need the +DI (Green line) to cross back ABOVE the -DI (Red Line) on this 1D timeframe. So tonight is a crucial WEEKLY CLOSE as we ideally need BTC to CLOSE THIS WEEKLY CANDLE above the Weekly 50EMA. I hope this is helpful with your trading and hodl-ing.
BITSTAMP:BTCUSD
by entertheroach
3
VeChain Daily Chart UpdateVeChain Daily Chart Update: VeChain is still below its 50EMA for this daily chart. VeChain 110% needs to close a daily candle above this crucial level on the daily chart. VeChain is still in the Bearish Zone of the Ichimoku Cloud. The Ichimoku Cloud Base Line (Kijun Sen) is indicating mid-term momentum is sideways within a range. The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating short-term momentum is downwards at the moment. The Ichimoku Cloud Lagging Span (Chikou Span) is indicating momentum at the moment is sideways. VeChain is below its Bollinger Bands Middle Band Basis 20 Period SMA. VeChain 110% needs to close a daily candle above this crucial level on the daily chart. VeChain is above its descending Pitchfork (A,B,C) Median Line. VeChain needs to stay above this level. VeChain is below its Volume Profile Visible Range VPVR Point of Control (POC) for this charts visible range. VeChain is below its Volume Profile Fixed Range VPFR Point of Control (POC) for the Fixed Range i have selected. Overall Volume is still relatively low and note that the Volume Bar is back below its Volume 20 Period MA. The Moving Average Convergence Divergence (MACD) is still negative & showing that momentum is sideways. Notice that the Signal Line is pointing slightly downwards and the MACD Line is pointing sideways, so we may eventually see the MACD LINE (Blue Line) cross back ABOVE the Signal Line (Orange Line) for renewed upwards momentum. Notice that the Red Histogram is decreasing in size for this daily chart. We eventually need VeChain to cross back above the 0.0 level for renewed positive momentum on the daily chart. The Average Directional Index (ADX DI) Is indicating negative momentum has dropped with the -DI (Red Line) dropping from 27.9 and is now at 23.35 but still above its positive momentum +DI (Green Line) which is sideways at 8.68. The ADX (Tellow Line) is still showing a strong downtrend withe the ADX (Yellow Line) at 35.01 still above its 9 Period EMA (White Line) which is at 31.84. We eventually need to the +DI (Green Line) to cross back above the -DI (Red Line) for renewed upwards momentum on this daily chart. The Chaikin Money Flow (CMF) is indicating VeChain is being distributed but notice that the CMF (Green Line) has increased from -0.16 to -0.05 and that the CMF (Green Line) is above its Least Squares Moving Average (LSMA) which is at -0.11. We eventually need VeChain to cross the Zero line into the accumulation zone for renewed upwards momentum. As always, this is not a price update but an update about what VeChain needs to do and what VeChain needs to get above and also to show what the indicators are indicating. I hope this is helpful with your trading and hodl-ing.
BINANCE:VETUSD
by entertheroach
VeChain - Update with a Falling WedgeQuick VeChain 4hr chart update with the Ichimoku Cloud: VeChain is still in the Bearish Zone of the Ichimoku Cloud for this 4hr timeframe. The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating Short-Term momentum is downwards at the moment. Note that the Conversion Line (Tenkan Sen) is only sloping slightly downwards. The Ichimoku Cloud Base Line (Tenkan Sen) is indicating Mid-Term Momentum is downwards at the moment. The Ichimoku Cloud Lagging Span (Chikou Span) is pointing upwards indicating momentum is upwards, but be aware that this is a fast reacting indicator. Note that the Leading Span A (Senkou Span A) is pointing downwards and the Leading Span B (Senkou Span B) is starting to slope downwards but note that the cloud gap between the Leading Span B (Senkou Span B) and Leading Span A (Senkou Span A) is still quite large. When the Leading Span B (Senkou Span B) is on top, we do not want that gap to shorten into a thing gap unless you are short selling. VET is below its Bollinger Bands Middle Band Basis 20 Period SMA. Note that VET is back above its Lower Band, this is indicating negative volatility has slowed. VET is below its Volume Profile Visible Range (VPVR) Point of Control (POC) for this 4hr timeframe. VET is below its Volume Profile Fixed Range (VPFR) Point of Control (POC) for this 4hr timeframe. VET is in a Falling Wedge pattern. A Falling Wedge pattern is a possible bullish reversal pattern, but because all alts are still at the mercy of BTC, Exchange & Market Manipulation, its debatable as to whether or not the potential reversal will be realised. The bottom trend-line of the wedge is a crucial support line as VET has bounced off it 4 times. VET needs to close this 4hr candle above this support line and turn it into strong support, if not, then VET may see $0.092 again and possibly much lower so there could be another opportunity to acquire more VET at a cheaper price. VeChain is still the most criminally undervalued crypto out there, so if it does drop more, then i’ll just DCA more at an amazing cheap price before the next crypto leg up. I hope this analysis is helpful with your trading and hodl-ing.
BINANCE:VETUSD
by entertheroach
ADA - 4hr chart updateQuick ADA update: ADA is below its 50EMA for this 4hr timeframe. ADA is below its Bollinger Bands Middle Band Basis 20 Period SMA for this 4hr timeframe. ADA is back in the Bearish Zone of the Ichimoku Cloud for this 4hr timeframe. ADA is below its Volume Profile Visible Range VPVR Point of Control (POC) for this charts visible range. ADA is above its Volume Profile Fixed Range VPVR Point of Control (POC) for the range that i have selected. ADA has also found some support from this level due to the buy volume located at the POC. The Previous 4hr volume bar was above its Volume 20 Period Moving Average but was lower than the previous so we may see volume dropping slightly. At the moment of typing this, ADA is in a new Descending Channel. ADA needs to close a 4hr candle above the new Descending Channel and above the Bollinger Bands Middle Band Basis 20 Period SMA and turn those levels into strong support. The Chaikin Money Flow (CMF) is showing that ADA is back in the Distribution Zone and has dropped to -0.07. At the moment the CMF (Green Line) is still above its Least Squares Moving Average (LSMA) which is at -0.11. But note that the CMF is pointing downwards and the LSMA is pointing upwards so we may see more distribution. We need the CMF (Green Line) to eventually cross back above the Zero Line into the Accumulation Zone. The Average Directional Index (ADX DI) is indicating a strong trend with the ADX (Yellow Line) at 29.13 above its 9 Period EMA (Blue Line) which is at 25.81. The -DI (Red Line) is at 23.72 an still above its +DI (Green Line) which is at 10.72. Notice that the -DI (Red Line) has dropped and is pointing downwards and the +DI (Green Line) is starting to pointing sideways, this is an indication of weakening negative momentum and we may see a possible increase of positive momentum. We eventually need the +DI (Green Line) to cross back above the -DI (Red Line) for this 4hr timeframe. At the moment, all cryptos are at the mercy of Binance & the market makers BTC manipulation, so we will have to see how BTC develops. I hope this is helpful with your trading and hodl-ing.
BINANCE:ADAUSD
by entertheroach
1
BTC - Quick daily chart updateVery quick BTC daily chart update: BTC is below its Bollinger Bands Middle Band Basis 20 Period SMA for this 1D timeframe. Note that at the moment, the Bollinger Bands Upper and Lower Bands are NOT extending outwards for this 1D timeframe. The Upper and Lower Bands extending outwards means increased volatility. BTC is below its Schiff Pitchfork (A,B,C) Median Line. BTC needs to eventually close a daily candle above this level. At the moment of typing this, BTC is below its Volume Profile Visible Range VPVR Point of Control (POC) for this chart range. At the moment of typing this, BTC is below its Volume Profile Fixed Range VPFR Point of Control (POC) for the range i have selected. Note that Volume is still relatively low for this 1D timeframe and the Daily Volume Bar is still below its Volume 20 Period MA. BTC has found some support from its Schiff Pitchfork (A,B,C) Lower Yellow Support Line. Note that BTC has bounced off this support line twice before on this 1D chart. This is a crucial level to CLOSE a daily candle above. Note that the 50MA is getting really close to the 200MA. If you don’t know, It is called a death cross if the 50MA crosses below the 200MA. Now for the good news…….. BTC is still above its Weekly 50EMA. The weekly 50EMA is the one to watch, even if the death cross happens on the daily, from my perspective that is not the end game, the weekly 50EMA is the deciding factor for me. If BTC keeps CLOSING WEEKLY candles ABOVE the WEEKLY 50EMA then all will BE WELL and we’ll just see sideways ranging within a range until the next run up. If BTC CLOSES a WEEKLY candle BELOW the WEEKLY 50EMA, then all will NOT BE WELL for BTC. Remember that BTC wicked 3 times below the WEEKLY 50EMA but did not close below it! If your longterm, its where the candle closes that’s important, not where it wicks to. I hope this is helpful with your trading and hodl-ing.
BITSTAMP:BTCUSD
by entertheroach
4
BTC - 4hr Chart update and the importance of where the candle......closes BTC has has said good riddance to the Bearish Descending Triangle it was in. BTC is back in the Bullish Zone of the Ichimoku Cloud for this 4hr timeframe. Note we have had a Cloud (Kumo) Twist into a bullish green cloud for this 4hr timeframe. BTC is back above its 50EMA for this 4hr timeframe. BTC is back above its Bollinger Bands Middle Band Basis 20 Period SMA. Note that the Bollinger Bands Upper and Lower Bands are expanding further apart indicating increased volatility and that the price found some resistance at the upper band. BTC is back above its Volume Profile Visible Range VPVR Point of Control (POC) for this chart set up. I have added a Volume Profile Fixed Range VPFR and as you can see, BTC is above that Point of Control (POC). Reason for adding the VPFR is that it gives a more clearer macro view of buyer and seller volume and where the key points are for the range that i’ve selected, whereas the VPVR gives you the amount for whatever length you have your chart set at which could be potentially misleading. Blue representing Buy Volume and Yellow representing Sell Volume. Note that the last 6 4hr candles closed above its Volume 20 Period Moving Average. The Average Directional Index (ADX DI) is indicating a strong trend with the ADX (Yellow Line) at 27.02 back above its 9 Period EMA (Blue Line) which is at 22.64. The +DI (Green Line) is at 32.90 and has crossed back over the -D (Red Line) which is at 10.77 indicating that positive momentum is now stronger than negative momentum for this 4hr timeframe. The Chaikin Money Flow (CMF) is showing that BTC is back in the Accumulation Zone with the CMF (Green Line) at 0.14 and back above its Least Squares Moving Average (LSMA) which is at 0.08 indicating renewed accumulation strength for this 4hr timeframe. As i mentioned in a few previous BTC post, a very CRUCIAL level for BTC was the Weekly 50EMA, a few traders were posting on TradingView saying that BTC was going to sub $20K, they ignored the fact that BTC would FIRST have to CLOSE this weekly candle below the weekly 50EMA, BTC did wick below it, but it did not close a weekly or a daily candle below the weekly 50EMA level. For whatever timeframe you are in, especially longterm, it is important to remember the IMPORTANCE of where the CANDLE CLOSES. Otherwise…. you’ll just be wick-ing about! :-) As you can tell, my post are not price prediction post as there are many more experienced traders on TradingView already posting their predications, my post are more educational, showing what these various indicators & squiggly lines that i use are showing me, so I hope this is helpful with your trading and hodl-ing.
BITSTAMP:BTCUSDLong
by entertheroach
3
ADA - updateQuick ADA update: ADA is in a Descending Channel. You can see the various support and resistance levels that ADA has had as resistance and support after it broke out from its previous Ascending Wedge. ADA has found support from its 2nd upwards support line. ADA is still in the Bearish Zone for this 4hr timeframe. Note we have had a Cloud Twist (Kumo) into a red cloud. ADA is below its Bollinger Bands Middle Band Basis 20 Period SMA for this 4hr timeframe. ADA is still below its 50EMA for this 4hr timeframe. The Average Directional Index (ADX) is showing the ADX (Yellow Line) at 36.55 dropping below its 9 Period EMA (Blue Line) which is at 37.92 indicating trend strength is dropping. The -DI (Red Line) is at 24.07 still above its +DI (Green Line) which is at 12.4. Notice that the -DI (Red Line) has dipped and the +DI (Green Line) is starting to slope slightly sideways. For the longterm, we need the +DI (Green Line) to cross back above the -DI (Red Line) to indicate positive momentum has overtaken negative momentum on this 4hr timeframe. The Chaikin Money Flow (CMF) is showing that the CMF (Green Line) is inside the Distribution Zone and at -0.16 and under its Least Squares Moving Average (LSMA) which is at -0.08. Notice that the CMF (Green Line) is now pointing upwards. For the longterm, we need the CMF (Green Line) to cross back into the Accumulation Zone fro this 4hr timeframe. ADA is still below its Volume Profile Visible Range VPVR Point of Control (POC) for this 4hr timeframe. ADA is still below its Volume Profile Fixed Range VPFR Point of Control (POC) for this 4hr timeframe. Volume is still relatively low and this 4hr volume bar is below its Volume 20 Period Moving Average. It’s a good thing that these dips are happening on low volume which indicates just a short-term dip from possible profit taking or week hands. I still believe that any dips with ADA should be used to accumulate more ADA to which you can stake your ADA to earn even more ADA. But if your trading & waiting for full bullish confirmation for this 4hr timeframe, then ADA needs to cross back above both Volume POC levels, the Bollinger Band Middle Band Basis, the Leading Span B (Senkou Span B), the 50EMA and then the Leading Span A (Senkou Span A) levels and turn these levels into strong support. For further confirmation, crossing into the Bullish Zone ideally needs to be on high volume. I hope this is helpful with your Trading and Hodl-ing.
Editors' picks
BINANCE:ADAUSD
by entertheroach
16
VeChain - a different style post - enjoyVeChain 4hr Chart update using support and resistance lines: VeChain is Below its 50EMA on the 4hr chart. VeChain needs to eventually close a 4hr Candle above this crucial level and turn it into strong support. VeChain is below the Bollinger Bands Middle Band Basis 20 Period SMA. VeChain needs to eventually close a 4hr Candle above this crucial level and turn it into strong support. Both the Bollinger Bands Upper and Lower Bands are pinching inwards indicating volatility is still slowing. Note that VeChain had dropped out on the downside of its Bearish Rising Wedge Pattern. VeChain is testing the 1st Upwards Support Line. This is a very crucial support line and VeChain 110% needs to close a 4hr candle above this support line. VeChain is in a new Symmetrical Triangle on this 4hr timeframe. VeChain is still above its Volume Point of Control (POC) for this visible range. We need VeChain to close above this POC as it is a crucial support. On the VPVR you can also see the amount difference between the buying and selling trading activity for this visible range. Volume has risen slightly and is now above its Volume 20 Period Moving Average. Hopefully VeChain can close this 4hr candle green. The Relative Strength Index (RSI) is indicating momentum has dropped and is now slightly pointing upwards but be aware hat the RSI is a fast reacting indicator. If VeChain manages to stay above the 1st Upwards Support Line and the VPVR Point of Control (POC) then we may see another attempt at getting above the Bollinger Bands Middle Band and the 50EMA. If VeChain drops below the 1st Support Line and the VPVR POC, the VET will possibly drop to the 2nd upwards support line. It’s looking hopeful that VET will stay above the 1st support Line and the VPVR POC, but note that it is also still dependant on what BTC does. If you are uncertain as to whether or not to place a long, its best to wait until VET closes above the Bollinger Bands Middle Band Basis, 50EMA and the New Symmetrical Triangle Resistance Line and turns the ST Resistance Line into strong support for this 4hr timeframe. I decided to post this chart differently from my usual style of Ichimoku Clouds, Pitchforks, CMFs ect ect, so i hope you have found this helpful with your Trading and Hodl-ing.
BINANCE:VETUSD
by entertheroach
2
VeChain - a 4hr chart analysisVeChain 4hr Chart update: VET is still in the Bearish Zone of the Ichimoku Cloud. VET is testing the Ichimoku Cloud Leading Span B (Senkou Span B) cloud resistance. Which is also where the Bollinger Bands Middle Band Basis 20 Period SMA is located at the moment. We need VET to eventually close a 4hr Candle within the Equilibrium Zone of the Ichimoku Cloud, above the Leading Span B (Senkou Span B) resistance. VET is below its 50EMA. We should expect strong resistance at this 4hr 50EMA level. VET needs to close a 4hr candle above this level and turn it into strong support. Volume has increased with the Volume Bar above its Volume 20 Period Moving Average. Hopefully VeChain can end this 4hr candle green. VET is above its Least Squares Moving Average (LSMA) for this 4hr timeframe. VET is above both its Volume Profile Visible Range (VPVR) Point of Control (POC) and above its Volume Profile Fixed Range (VPFR) Point of Control (POC). VET 110% needs to stay above the POC for this 4hr timeframe. The Chaikin Money Flow (CMF) is indicating accumulation has dropped from 0.08 to 0.07 but the CMF (Green Line) is still in the accumulation zone and still above its Least Squares Moving Average (LSMA) which is at -0.04. We need the CMF store stay above the Zero Line and in the accumulation zone for this 4hr timeframe. The Average Directional Index (ADX DI) is indicating trend strength is sideways with the ADX (Yellow Line) at 25.53 above its 9 Period EMA (White Line) which is at 22.66. The -DI (Red Line) has dropped to 24.63 but is still above its+DI (Green Line) which is at 14.54. Notice that the -DI (Red Line) is indicating negative momentum had dropped with the =DI (Green Line) indicating positive momentum has risen but is now sideways on this 4hr timeframe. You all know how strongly i feel about the future crypto giant VeChain, so any major dips n drops should be used to DCA & acquire more VET before it does and ADA and gets over that crucial $1 mark. I hope this is helpful with your trading and hodl-ing.
BINANCE:VETUSD
by entertheroach
4
BTC - Don't get corrupted by the emotion of othersBTC Daily Chart update: BTC is still above its WEEKLY 50EMA. BTC is back above its Descending Pitchfork Median line. BTC needs to turn its Bollinger Bands Middle Band 20 Period SMA into strong support. Volume has increased and is now above its Volume 20 Period Moving Average. Hopefully BTC can close this day as a green bar. BTC is still in a Descending Triangle so BTC needs to close a daily candle above the downwards trend-line and turn it into strong support. I have added a Volume Profile Visible Range (VPVR), you can see the Point of Control (POC) for this charts visible range. BTC is trying to get above this POC. I have also added a Volume Profile Fixed Range (VPFR), you can clearly see that BTC is above the Point of Control (POC) for the fixed range that I’ve selected. The VPFR gives us a more clearer, macro view of buying and selling for an actual candle fixed range. The Chaikin Money Flow (CMF) is indicating an increase in accumulation withe the CMF (Green line) in the Accumulation Zone at 0.10. Note that the CMF (Green Line) is above its Least Squares Moving Average (LSMA) which is at 0.06. The Average Directional index (ADX DI) is showing the ADX (yellow Line) has dipped slightly at 54.13 and is slightly still above its 9 Period EMA (White Line) which is at 54.07. The -DI (Red Line) has dropped to 28.08 and the +DI (Green Line) has risen to 11.94. Notice that the -DI (red Line) is pointing downwards and the +DI (Green Line) is pointing upwards. An important point that I said in my previous BTC post when BTC wicked below the Weekly 50EMA was that BTC may WICK a few more times below that level, but that the real CRUCIAL thing is if BTC CLOSES THIS weekly candle BELOW the weekly 50EMA. if or until that happens, any post about BTC dropping to $20K and below is pure speculation and traders trying to convince you & the masses to join them in their short sell. Seriously its true, when BTC wicked below the Weekly 50EMA, some people on TradingView thought that this was the end, it clearly isn’t, and as I’ve said many times, if your longterm, its where the candle closes that counts not where it wicks to! Remember that BTC still has 4 1/2 days left on this weekly candle. Don’t let people make you emotional and make hasty decisions, try to study a bit of TA and FA, practice and do your own research as that is the only way to cut out the BS. Because remember, it’s your money! I hope this is helpful with your Trading and Hodl-ing.
BITSTAMP:BTCUSD
by entertheroach
4
ADA - Quick 4hr chart updateA quick ADA 4hr chart update: ADA is below its Bollinger Bands Middle Band Basis which is a 20 period SMA. ADA needs to eventually close above this level and turns it into strong support. ADA is below its 50EMA. It’s crucial for this 4hr timeframe that ADA eventually close above the 50EMA and turns it into strong support. ADA is below its Least Squares Moving Average (LSMA) for this 4hr timeframe. If you are waiting for a confirmation signal to buy, using the LSMA, you can wait until ADA closes a 4hr candle above the LSMA and turns it into strong support as that would be a buy signal for this indicator. If we look at the Schiff Pitchfork Pattern (A,B,C), we can see that ADA had found support from its Upper Yellow Schiff Pitchfork Support Line 2 days in a row. Tonight ADA needs to close above the upper light green support line or we will be testing the Upper Yellow Schiff Pitchfork Support Line again. The ADX DI is indicating a weak trend with the ADX (Yellow Line) at 18.18 above its 9 Period EMA which is at 17.4 but under the Threshold of 20. Above the 20 Threshold is considered the start of a strong trend. The -DI (Red Line) has dropped and is now at 23.47 but still above its +DI (Green line) which has also dropped and is at 13.11. The Chaikin Money Flow (CMF) is indicating a slight increase in accumulation with the CMF Line at 0.18 at the moment of typing this. This is a good sign that ADA is still being accumulated, but we need to keep an eye on the CMF Line in this 4hr timeframe, because we do not want the CMF Line to drop into the Distribution Zone which would lead to more downwards momentum. Volume is still low with the Volume still under its Volume MA for this 4hr Timeframe. A crucial level for this timeframe is the Schiff Pitchfork Median Line. ADA need to stay well above this level if there is going to be any attempt to get back over the 50EMA and back above the Bollinger Bands Middle Band Basis. If upwards pressure doesn’t resume for this 4hr timeframe and ADA eventually closes below the Schiff Pitchfork Median line, ADA could find support from the lower yellow support line. It should be an interesting weekend. A look at the CMF A look at the ADX DI I hope this is helpful with your Trading and Hodl-ing.
BINANCE:ADAUSD
by entertheroach
3
The S&P 500 remains in a bullish trend - but beware Quick comments in this analysis. I tend to find just looking at the direction the ema ribbon, or red 20dma is an easy way to tell the underlying trend. Clearly it is still bullish. I was wrong in the latest TA on the S&P 500 I posted. I foresaw a drop through that ema ribbon that did not materialize. That next week I closed that short for a loss, as once the price bounced off that ema ribbon which was historically a setup, it was evident shorting a bull market would have made the loss much worse. I however did not chase the price as it went up higher, nor am I recommending longing here. I do however think while the price can continue higher, frankly I even am expecting it as the price appears very bullish and the financials XLF continue to rise towards historical resistance - there is not a clear setup for longing with the price this far from the mean and so overextended. If the price were to fall to support within the channel, & tag and confirm support off a pivot point to the right of the chart then I would consider longing. If we have a significant drop I will seek to get back into equities. Till then I am stuck spectating, stock picking, and continuing to ride the Bitcoin/Eth bull market up its own wall of worry.
AMEX:SPY
by ZenMode
3
How to interpret and trade with Bollinger Bands?How to interpret and trade with Bollinger Bands? What are Bollinger Bands? Bollinger Bands is a method developed by John Bollinger around the 1980s. The Bollinger Bands help traders to analyze price volatility and price momentum. The Bollinger Bands consist of the centerline that is the moving average of the price and upper and lower channels that adjust according to the price standard deviation. To a trader's price standard deviation, volatility and momentum are essential concepts to understand. There is a direct relationship between standard deviation, price volatility, and price momentum. To many, price volatility means the price fluctuations or the degree of variation, or a measurement of price uncertainty. Standard deviation is a statistical term that determines the correlation of the price to the price mean. Price momentum is the rate of speed or the rate of price movement. Calculation Method Calculate a 20-day moving average for the centerline. Add 2 standard deviations to get the upper channel line. Subtract 2 standard deviations to get the lower channel line. How to interpret Bollinger Bands? Price has a tendency to return to the mean price. Price tends to walk along with the upper Bollinger band when a security is trading higher. Price tends to walk along with the lower Bollinger band when a security is trading lower. A breakout of the upper or lower Bollinger bands may indicate the price is moving too fast and may return to the mean price. The Bollinger Bands have a tendency to contract and consolidate before breaking out in either direction. The Bollinger Bands have a tendency to expand when the price is trending. Thank you for reading! Greenfield Remember to click "Like" and "Follow!" Disclosure: Article written by Greenfield. A market idea by Greenfield Analysis LLC for educational material only.
NASDAQ:TSLAEducation
by GreenfieldAnalysis
2
$JNJ may breakout soon.There is a great deal to be bullish about for JNJ. I anticipate the price will find a nice runup as the recent bullish volume along with strong institutional exposure (70%) leads me to believe we find the price moving higher. The other fascinating observation is the strong earnings growth with virtually no new sales growth. This is a company run incredibly well & lean touting a net margin of 21%. I like the EMA. I like that on this pass the Bollinger's are much higher in avg price & the price tapped mean reversion and continued to rise. Chart of this below, and the final chart will display pivot points for those that care about locating the war zone of support & resistance. I am a JNJ Bull Folks.
NYSE:JNJLong
by ZenMode
2
A siren call if ever I heard one. This market may end up lower.The most important thing I am noticing that I do not hear anyone talking about is that Utilities have been cycled into discretely over the past month . 1-Month Performance Utilities +5.61% Consumer Cyclical +2.18% Financial -1.35% Energy -6.9% 1-Week Performance Utilities -2.28% Consumer Cyclical -2.71% Heathcare -3.1% Basic Materials -6.24% It was wise to go risk off in preparation of the election. If there is a contested election the market could sell off in the uncertainty. The market was slowly rising higher on stimulus hopes, and with stimulus not having a chance of being negotiated until the results of the election - a contested election could drag chance of fiscal policy further out with the market selling off till it finds a resolution. Just as stimulus was a catalysts for a melt up no fiscal stimulus is a catalysts for a melt down. Keep in mind this selling volume is closing at lows of the day now, with higher than usual volume. This has all the typical signs of a bear market forming- why would volume be rising if everyone was just feeling peachy about how great there investments are doing? People adjust portfolios usually when they NEED to, not when they want to and that drums up the volume even louder. The final point I want to make is the spike in volatility. When the VIX springs out like this you can not deny that people are willing to pay high premiums because they want bearish leverage in the options market. You do not see the VIX spring up to levels like this because #bullgang went gangbusters buying debit call spreads. My strategy is to open a Put Vertical on /ESZ0 Futures - expiring Nov 6th (9d) Buy to Open 3240 Put Sell to Open 3185 Put Capital Requirement: $950 Max Loss: $950 Max Gain: $1,800 Probability of Profit 42% Theta is low because it is in a spread
OANDA:SPX500USDShort
by ZenMode
10
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.
by cryptohopper