ETHUSD - 7% Increase possible - LongOn the ETHUSD 4h timeframe chart we can see that on this day the price became oversold. When looking at the Bollinger Bands, RSI, and the stochastics we can see all the indicators are matching the criteria for being oversold.
In our opinion the price will dropp a little bit lower today towards the support line. After this has happend you can take a short-term long position.
All further details are shown on the chart.
Goodluck
Bollingersband
ETCUSD - Long - Small bounceOn the chart we can see the price is currently in oversold condition. As we can see all the three indicator are suggesting the oversold condition. So this can be an shortt-erm oppurtunity to get approximately 7% profit if this plays out.
The indicators used are Bollinger Bands, RSI and Stochastics.
See further details on the chart.
Goodluck!
LTCUSD - Short - Small drop comingOn the chart we can see the price is currently overbought. As we can see all the three indicators are suggesting the overbought condition. So this can be a short-term oppurtunity to get some profit if this plays out.
The indicators used are Bollinger Bands, RSI, Stochastic.
See all the details on the chart.
Goodluck!
Bitcoin ₿ollinger ₿and Expansion as predicted 🚨🚨🚨Bitcoin ₿ollinger ₿and Expansion as predicted 2nd half of November🚨🚨🚨
It was not a BTC direction prediction
No we see huge expansion after compression
Recognize on ₿ollinger ₿and Width:
🔴lower lows
🟠Expansion
🟢higher lows
Let me know your thoughts in the comments🤗
⬇️⬇️⬇️
Likes and Follow for updates appreciated🤗
Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
BTC/USD - Will we see a Death Cross on the Bitcoin 1 week chart?Looking at the BTC/USD 1 week chart, we can see that the 50MA (Yellow Line) is now getting really close to the 200MA (Red Line). A crossover would signal a Death Cross on this 1 week timeframe.
Looking at the entire history and available data on this BTC/USD 1 week chart, we can see that the 50MA has never crossed under the 200MA on this 1w timeframe. Note that the 50MA did come very close to crossing under the 200MA around the week of the 30th Nov 2015 but in the end, it didn’t happen.
Other notes:
BTC is still in a Massive Ichimoku Y-Wave pattern.
BTC is also still in a massive Falling Wedge Pattern.
BTC is still under all 3 of its major unique Ichimoku Kumo (Cloud) patterns.
BTC is still under its Bollinger Bands Middle Band Basis 20 Period SMA.
Looking at the Chaikin Money Flow, we can see that we are still in the Distribution Zone traveling slightly upwards but would say more like 'sideways within a range' on this 1 week timeframe. Note that the CMF (Green Line) is still under its Least Squares Moving Average (LSMA) (Blue Line) which is a sign of continued weakness on this 1 week timeframe.
Looking at the Moving Average Convergence Divergence (MACD) we can see that the MACD Line (Blue Line) is still above its Signal Line (Orange Line) but has starting to slope downwards. Note that both the MACD Line and Signal Line are still deep in the Negative Zone under the 0.0 Base Line. Note that the last green histogram had also decreased in size and this weekly one looks like it will also close smaller than the last indicating upwards momentum is weakening on this 1w timeframe.
Interesting times and potential opportunities ahead once this World Recession bottoms.
I hope this quick chart is helpful.
ADA/USD - still in its Falling Wedge PatternHere is a closer look at this ADA/USD 1d chart.
Just like BTC, ADA is still in its massive Falling Wedge Pattern.
Here is a closer look at the Average Directional Index (ADX DI).
Once this world wide Recession has fully bottomed, for those that are prepared, there will be truly amazing opportunities to acquire your crypto of choice at a real bargain price ready to ride the next cycle upwards.
BTC/USD - 1D Chart Update with Triple Ichimoku CloudsQuick BTC/USD 1D chart update.
A range of $12K to bottom $9K price target for BTC/USD is still in play. $9K will probably be hit with just a quick wick downwards from $12K.
V Calculation (Negative)
V= B-(C-B) = D
C $25,160 - B $17,538 = $7,622
B $17,538 - (C-B) $7,622 = $9,916
Note that the above calculation is from the 1M Chart but i have added it onto this 1D chart.
Note that BTC is still under our 3 unique Ichimoku Clouds.
Here is a closer look at this 1d chart:
If we look at our main Ichimoku Cloud we can see that:
The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating that the mid-point of the short-term momentum is sideways at the moment on this 1d timeframe.
The Ichimoku Cloud Base Line (Kijun Sen) is indicating that the mid-point of the mid-term momentum is sideways at the moment on this 1d timefram.
The Ichimoku Cloud Lagging Span (Chikou Span) is indicating that momentum at the moment is sideways. Note that the Lagging Span (Chikou Span) is still under the past price.
End of the Bear Market will be signified when the price crosses back above our Leading Span B (Senkou Span B) of our third largest Kumo (Cloud) and all 3 Kumo Leading Span A (Senkou Span A) create a Kumo Twist turning all 3 green. Note that the Leading Span B (Senkou Span B) is near the trope of the Descending Wedge Pattern.
BTC is still in its downwards Pitchfork Pattern and is getting very close the its Pitchfork Median Line. Note that the Price found Resistance from its Upper Light Green Pitchfork Resistance Line.
BTC is still in a Descending Wedge Pattern and a massive Ichimoku Y-Wave.
Looking at the Bollinger Bands, we can see that BTC is still way below its Bollinger Bands Middle Band Basis 20 Period SMA. Note that both the Middle Band and the Lower Band are still pointing downwards and the Upper Band is starting to curve downwards. So we could see some consolidation before the next big move downwards.
Looking At the Average Directional Index (ADX DI) we can see that the Trend Strength is strong with the ADX (Orange Line) at 39.04 and still above its 9 Period EMA (Black Line). Positive Momentum has increased slightly but is still low with the +DI (Green Line) at 9.47. Negative Momentum has dropped but is still dominant with the -DI (Red Line) at 29.95.
For your viewing pleasure, here is a look at the amazing accuracy of all 3 of these unique Leading Span A (Senkou Span A) and Leading Span B (Senkou Span B) Clouds (Kumo) as support and resistance levels.
This is all my opinion so i hope this has been helpful.
VET/USD - 1w chart Update and my opinionLet’s have another quick look at the VET/USD 1w chart.
Here is a closer look at this 1w chart.
VeChain is still in its Descending Wedge Pattern on this 1w chart. Note that VET failed to close a weekly candle above its upper descending trend line of its Descending Wedge Pattern at around $0.0286. $0.0286 was also the previous high from Mon 23rd Jul 2018.
VeChain is still below its Least Squares Moving Average (LSMA) on this 1w chart.
VET is still below its Bollinger Bands Middle Band Basis 20 Period SMA for this 1w chart. Note that the Lower Band has started to curve downwards indicating volatility for the downside on this 1w chart.
Note that the 50MA (Orange Line) is getting really close to the 200MA (Red Line). If the 50MA crosses under the 200MA on this 1w chart that will create a death cross on this 1 week timeframe.
VET is now fighting to stay above its support area located at $0.01978 and $0.0181. If VET closes a weekly candle below $0.0181 then we should drop to around $0.0120.
VET is below its 1 ($0.01845) Trend Based Fib Extension Level. Failure to close a weekly candle above this level will lead to further drops.
Looking at the Volume Profile Visible Range (VPVR) we can see the area i which the most Volume was traded on VET/USD.
Note that VET is close to dropping under its 78.60% Fib Retracement Level at $0.01811.
I have added a Modified Schiff Pitchfork pattern and you can clearly see that VET has a long way togo before crossing back above its Median Line.
Looking at the Average Directional Index (ADX DI) we can see that the Trend Strength is still weak with the ADX (Orange Line) at 16.34 and still under its 9 Period EMA (Black Line). Positive Momentum has dropped with the +DI (Green Line) dropping to 16.39. Negative Momentum has Increased with the -DI (Red Line) rising to 24.32.
Looking at the Relative Strength Index (RSI) we can see that there is still plenty of room for VET to drop before becoming Oversold on this 1w chart. Note that the RSI (Purple Line) is still under its 9 Period EMA (Orange Line) which is a sign of downwards strength on this 1w timeframe.
So what does all this tell me:
This is all just my opinion but this tells me that there is plenty of room for VET to drop further on this 1w timeframe especially if it closes a weekly candle below its 78.60% Fib Retracement level.
Once this world wide recession fully bottoms be it in a 1 year, 2 years, 5 years or 10 years and the powers that be have had their fill of transferring wealth from the Middle Class and the Poor to the elites, then opportunities will arise for those who are ready. My crypto of choice is obviously VET and a few others that have use cases but this goes for all Crypto’s so soon your crypto of choice will be available at an even lower bargain price. Especially if/when BTC drops to the $12k-$9k range. Please see the chart below.
I hope this is helpful with your trading or hodl-ing.
HINDALCO INDUSTRIES LTD - Bollinger Band + MACD📊 Script: HINDALCO (HINDALCO INDUSTRIES LIMITED)
📊 Nifty50 Stock: YES
📊 Sectoral Index: NIFTY 500 / NIFTY METAL
📊 Sector: Commodities - Metals & Mining
📊 Industry: Non - Ferrous Metals - Aluminum
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 MACD is already giving crossover.
📈 Double Moving Averages also giving crossover.
📈 Current RSI is around 66.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 455.55
🟢 Target 🎯🏆 - 502
⚠️ Stoploss ☠️🚫 - 435
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat🔁
Happy learning with trading. Cheers!🥂
Time for Change?The past two weeks have been another two weeks of low volatility, making October the month with the lowest volatility for some time. However, in the past few days, the upper and lower Bollinger Bands have begun to diverge, implying volatility is starting to pick up. Many active traders will be happy to see a change from the sideways market we have experienced in recent weeks.
From a technical point of view, the bulls will rejoice at the fact that we finally flipped the $20,500 resistance to support and have since retested that level. Bulls will now have their eyes on the $22,800 level which they will be hoping to flip in order to light the way towards $24,000. However, a fall below the $20,500 level would see a return to the range we previously escaped from. The bears will be hoping to see a break below the $18,200 support level which would likely result in new yearly lows. Another important indicator to keep an eye on is the MACD. At present, there is a very small spread between the MACD line and the signal line. If the MACD crosses below the signal line, this would provide support to the idea that we are heading back towards the $18,000-$20,500 range.
In other news, the resignation of UK Prime Minister Liz Truss seems to have restored some confidence in the markets. Consequently, the Pound has gained some serious ground back against the dollar. It now trades at around $1.16, the highest level since the disastrous ‘mini-budget’ was announced. With the newly elected Prime Minister Rishi Sunak having a background in banking and finance, bulls will be hoping he has a firm grasp on the importance of stabilising inflation and the economy. If his government can do this, we could be poised for a more bullish market outlook in the coming months.
Additionally, UK regulators have been urged to ease collateral requirements to avoid a pension-fund blow-up. Market participants will be keeping a close eye on this as the collapse of a large UK pension fund would send shock waves throughout the entire financial system and would signify a bleak short-term outlook for the economy.
Either way, it’s likely that in the coming weeks and months, the outcome of key macro events will dictate the direction of the market. Whether it's a return to up-only or more chaos, things are really starting to heat up.
LTCUSDT - Short Position - OverboughtLTCUSDT is currently in an oversold condition. It´s likely for the price to go down.
The bollinger bands, RSI and stochastic they tell us the price will go down soon. The price is approaching a previous resistance. So wait for the price to retest this resistance if it does the resistance line becomes your entry point.
Further details are shown on the chart.
Goodluck!
$ETH | Little Pocket ETHUSD with a small pocket of opportunity here. Simple pull back from the lower Bollinger Band break (with over sold RSI levels extremely) and the first candle succeeding it and then a retrace back. Resting on the support line and has done this previously with a bounce. Stop loss placed below the nearest swing low with the take profit clearing the 20 MA and 50 EMA.
$XRP | How Far Can We Go?!?$XRPUSD has gone parabolic amidst positivities in the SEC trial and has rocketed to levels not seen since April 2022. It has cleared the 20MA and 50EMA on the daily with ease. The 200EMA is still in question but is looking good BUT $XRPUSD is coming in another major resistance zone that has been tested multiple times so I am awaiting on the 4hr chart to see how the trend reacts before shorting. But a great sight to see indeed. If $XRPUSD closes above this $0.51-$0.53 resistance zone and successfully above the 200EMA expect a run up to the $0.90 area. Giddy up!
Fed decisions boost the USD trendThe Fed raised its funds rate by 75 basis point to a target range of 3.00% - 3.25%, its highest since 2008.
DXY remains bullish, even technically, supported by a rising trendline, 20 and 50 SMA on D1.
Even if the RSI starts showing overbought signal with bearish divergence, and Bollinger bands upper limit reached, it isn't in this case a sell signal: strong momentum brings traders into this trap.
Wait for RSI to cross below the 14 SMA as described on the chart to start looking for a correction.
Measuring the corrections shows us strength recently in the momentum ( smaller corrective waves ).
Measuring the impulsive wave shows us that the uptrend hasn't reached yet it's logical goal.
With the good news on the USD, the index can reach the 114 level.
Goodluck,
Joe.
Bollinger Bands Strategy For The DAX40 Today, I am going to speak about my new DAX 40 Bollinger Bands Strategy.
I have been testing out a new strategy using the Bollinger bands, fib retracements, and fib extensions on the 4-hour chart for the DAX. I am currently forward testing this strategy and I plan to keep forward testing it until the end of the year so we can see how it fairs in the long run and if it's going to be profitable or not. I would like to share this idea with you all today.
Let me explain the setup.
We open up the 4-hour chart on the DAX and we open up the standard Bollinger bands.
We then look for entries as soon as we see price break through the top or the bottom of the Bollinger bands. This is somewhat of a reversal strategy. I wait for the price to break either side of the bands, and then I look for the next candle to be the opposite of the candle that broke through or wicked through the bands. If the next candle engulfs the previous candle, I then use the fib retracements to find an entry. I run the fib retracements over the engulfing candle and enter on the 0.236 fib level. My stop will always be a few pips below or above the 1 fib level.
I then take my trend-based fib extension tool and place the three clicks like so :
First click – on the top or bottom of the Engulfing candle.
Second click – The other side of the engulfing candle.
Last click – simply drag the took towards the right and extend it out. I use these two fib levels for my targets.
Generally, I like to see price touch the other side of the bands as my target and if the extension lines up with that, then great. I always look for a minimum risk to reward of 1 to 1.5 or 1 to 2 ( Depending on how far the extension takes us )
As you can see in the video below, so far in the month of July, this strategy generated close to 10% in profits ( risking 1% per trade)
In August this strategy generated 3.5%
So, so far we are doing well with it. I have done back testing with it but I prefer forward testing on a live account as this usually helps confirm the psychology for me entering and exiting this setup.
So, I will keep posting videos whenever A Dax setup presents itself. Let's keep this testing going until the end of the year and then we can decide if we should try it on a funded challenge!
The Vortex Trader
Bitcoin BTC Bollingers Bands Fibonacci ratios + RSIBollingers Bands Fibonacci ratios + RSI
The last two times Bitcoin was at FIB ratio 2.618 and weekly RSI was near 40...
...BTC found some love for all patient people dear Crypto Nation 💚💚💚
Look where we are now ❣️
Comment & Follow appreciated 🤗
*not financial advice
do your own research before investing
$MSFT - potential support in phase 4 $MSFT has been in selloff and it's been frequently discussed these days. If we break current level, there is not much demand down to $220 and $208, which would be about 36-40% down from ATH, respectively.
I can see MSFT getting there if overall market is wacky. Chaikin Oscillator with Bollinger bands also generated sell signal on August 8th and since then it's been in an ugly downtrend. This also looks like a phase 4 - downtrend.
I'll wait patiently and might start adding to my position around 220. Good old MSFT.
JINDAL STEEL & POWER - Multiple Indicators 📊 Script: JINDALSTEL (JINDAL STEEL & POWER LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY 500, NIFTY METAL, NIFTY MIDCAP
📊 Sector: Commodities, Metals & Mining
📊 Industry: Ferrous Metals, Iron & Steel
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 MACD is giving crossover .
📈 Already Crossover in Double Moving Averages.
📈 In weekly time frame MACD is giving crossover.
📈 Current RSI is around 68.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 433.35
🟢 Target 🎯🏆 - 473
⚠️ Stoploss ☠️🚫 - 415
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
Happy Ganesh Chaturthi, ❤️🙏🏻 we wish that all hindrances and hurdles are cleared for you.
Michhami Dukkadam 🙏🏻 Michhami Dukkadam is all about Forgiveness and Kindness!
EUR/USD Weekly Trade setup August 22, 2022Bolinger Band & MA:
the price is entering the buy zone, but beware that there is no sign of bounce back yet from daily and weekly chart. So we are expecting to see at least 1 or 2 bearish weekly candles before the price go back to short-term bullish or small retracement.
Gann Fan:
looking at the weekly and monthly gan fann. current price i at 4/1 line area, if you are patient enough, a short-term bullish retracement is quite promising.
we looking for the price to go lower. entry wise, we are going to start to place buy order by phase when the price go lower. Spread your entry to make a higher P/L ratio.
BTC/USD 4hr chart analysisBTC/USD 4hr chart analysis:
On the 17th, BTC had broken downwards out of its Ascending Wedge Pattern on this 4hr chart.
BTC had found some support from its support level at around $21,264 but has now dropped below it. A successful 4hr close below this level will possibly take BTC to its support area at around $20,834 to $20,494.
The Ichimoku Cloud Lagging Span (Chimkou Span) is indicating momentum is downwards at the moment.
The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating that the mid-point of the short-term momentum is downwards at the moment.
The Ichimoku Cloud Base Line (Kijun Sen) is indicating that the mid-point of the mid-term momentum is also downwards at the moment.
Note that the Leading Span A (Senkou Span A) has crossed under the Leading Span B (Senkou Span B) creating a new bearish red cloud (Kumo) for this 4hr timeframe.
Note that BTC is way below its Least Squares Moving Average (LSMA) for this 4hr timeframe.
BTC is still well below its Bollinger Bands Middle Band Basis 20 Period SMA and still outside of its Bollinger Bands Lower Band. Note that the Upper band is also extending upwards.
BTC has also found some resistance from its 1.618 ($21,577) Trend-Based Fib Extension level.
Looking at the Average Directional Index (ADX DI) we can see that the Trend Strength is increasing with the ADX (Orange Line) at 28.22 above the 20 Threshold (White Dashed Line) and above its 9 Period EMA (White Line) at 20.40. Positive Momentum has dropped with the +DI (Green Line) at 7.84 and Negative momentum is upwards after the rise and drop with the -DI (Red Line) at 38.39.
Interesting times and opportunities ahead. I hope this is helpful with your Trading and Hodl-ing.