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Bollingersband

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.
Short
by Remon_T
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.
BITSTAMP:BTCUSD
by TradingThroughTheLens
1
BTC/USD - Is it a Rising Wedge or a Falling Wedge?Quick BTC/USD 1 week chart update: BTC is in a massive Rising Wedge Pattern. BTC is also in a massive Falling Wedge Pattern. At the moment of typing this, BTC is still back above its 200MA on this 1 week timeframe. At the moment of typing this, BTC is still way below its 50MA on this 1 week timeframe. At the moment of typing this, BTC is still way below its Bollinger Bands Middle Band Basis 20 period SMA. Note that the Upper Band is curving downwards and the Lower Band is starting to curve around slightly. At the moment of typing this, BTC is still back above its Least Squares Moving Average (LSMA) on this 1 week timeframe. BTC is still in its Descending Pitchfork Pattern above the Median Line and back above its Upper Green Resistance/Support line. It will probably be some time before we see BTC back above the Ichimoku Cloud Equilibrium Zone and back in the Bullish Zone on this 1 week timeframe but that doesn't mean profit cannot be made while the Price is still in the Bearish Zone under the Equilibrium Zone, that is why it's always best to check multiple timeframes for any potential breakouts on those. Looking at the Average Directional Index Indicator (ADX DI), we can see that Negative Momentum has continued to drop with the -DI (Red Line) dropping to 31.45. Positive Momentum has dropped slightly with the +DI (Green Line) at 15.01. The Trend Strength has increased with the ADX (Orange Line) at 32.18 note it is still above its 9 Period EMA (White Line) which is at 28.89. Looking at the Moving Average Convergence Divergence Indicator (MACD), we can see that the MACD Line (Blue Line) is still in the Negative Zone under the 0.0 Base Line but it has risen sharply with Red Histograms decreasing in size and it looks like we could soon see the MACD Line (Blue Line) crossing back above the Signal Line (Orange Line) creating a Buy Signal on this 1 week timeframe. Note that the MACD Line (Blue Line) has not been in the Positive Zone above the 0.0 Base Line since the 10th Jan 2022. For the mid to longterm upside, be on the lookout for a successful weekly close above the 28.60% ($24,314) Fib Re-tracement level and any successful re-test as strong support. For the mid to longterm downside, be on the lookout for a weekly close back under the LSMA and 200MA with any successful re-test as strong resistance. So a Rising Wedge or a Falling Wedge? Which will it be?……. only time will tell. I hope this is helpful with your trading and hodl-ing. Notes: 200MA = Red Line on chart 50MA = Yellow Line on chart LSMA = Cyan Line on chart
BITSTAMP:BTCUSD
by TradingThroughTheLens
6
Analysis on the ES Futures chart on the Weekly Time FrameI am trying in this analysis to figure out the price movement of the ES futures in the coming months Using the Bollinger Band as a simple tool to analyse I am basing this analysis on previous price action and its relevance to the current place of price on the chart. We are revisiting the 20 WSMA and a significant supply zone on the price front. We could see some resistance on the strong up move that we have seen in the last 2 to 3 weeks and the rally may be coming to a climax in this cycle. We should wait for the confirmation signals before we begin to trade on this analysis and commit our capital only once the price action gives us the desired moves. I am not a registered financial advisor and just releasing this idea as a piece of educational information on how price analysis can lead to action that can help us profit from engagement with the market. Please opine on this analysis and comment your views
CME_MINI:ES1!Short
by ancorman
Nasdaq Futures Price Action analysis for the coming monthsAm basing my analysis on the weekly chart using the Bollinger Bands which is the most simple tool to understand In my analysis, the price action has brought us to a point on the weekly where we are bound to face resistance around the middle line of the BB - which is the 20 SMA in our case the 20 WSMA. The prices have reversed from a similar area twice before and also as a concurrence these areas have been near previous areas of interest where either price has broken out or reversed from acting as resistance and support points at different times. The prices may give us confirmation signals if they close below the 13000 levels in the current week or next one from where one can aim to take a short which can take us down to the 11000 levels. I am not a registered financial advisor and the release is just an expression for educational purposes. Using futures as a trading instrument is risky and should be done only under proper guidance and with proper risk management. Please comment on the analysis and contribute with your ideas on the subject
CME_MINI:NQ1!Short
by ancorman
BTC/USD - weekly 200MA is now resistance againA quick BTC 1 week chart update: Note that BTC has closed another weekly candle below the weekly 200MA. The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating that the mid-point of the short-term momentum is downwards at the moment on this 1 week 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 1 week timeframe. The Ichimoku Cloud Lagging Span (Chikou Span) is indicating that momentum at the moment is downwards on this 1 week timeframe. Note that the Lagging Span (Chikou Span) is still under the previous price. BTC is still in a massive Ichimoku Y Wave and it is also in a new Ichimoku P Wave on this 1 week timeframe. BTC is also still in a massive Descending Wedge Pattern. BTC is still well below its Bollinger Bands Middle Band Basis 20 period SMA on this 1 week timeframe. Note that the Lower Band is still pointing downwards and the Upper Band is starting to curve downwards. We should keep an eye on both the 50MA and 100MA on this 1 week timeframe because the 50MA is curving downwards and may cross back under the 100MA. The weekly 200MA is now resistance again so we will have to see if BTC can attempt again and succeed in crossing back above the 200MA and turn it into strong support. It’s always important to have a little patience, do your own research, check multiple timeframes and if needs be, to wait for confirmation like a close above the weekly 200MA and successful re-test as support. From my opinion, if in doubt, a successful close above and re-test as support of a crucial level in whatever timeframe you are trading in is....... crucial. It should be another interesting week. I hope this is helpful with your trading and hodl-ing. Notes: 50MA = Orange Line 100MA = Purple Line 200MA = Red Line
BITSTAMP:BTCUSD
by TradingThroughTheLens
1
DXY to $110USD dominance will likely continue through the remainder of July. In the 1 week time frame, the red and blue lines of the Phoenix Ascending (PA) indicator are rising as is the momentum (Energy, grey shaded area). Given the levels of the blue and red lines, we will likely see the DSX push up to around $110, which is between the upper aqua and upper red Bad Ass Bollinger Band (BA BB). The fixed range volume indicator (FRVI) suggests an ease of upward movement for prices greater than $105. Not financial advice.
CAPITALCOM:DXYLong
by Eightchains
4
🔃✅💲Short term reversal for $ETH confirmed! #Ethereum 🚀🔜✅This chart is meant to show the confirmation of the reversal in the $ETH price. This is shown on the BYBIT:ETHUSDT chart, because of the higher (more speculation based) trading volume. It is currently showing strong confidence in traders for #Ethereum. As shown, during the downtrend that $ETH has been in, there were multiple closes below the lower Bollinger band. These each signaled further $ETH price suppression at the time. After finding a possible bottom, then ranging sideways in what is now the current range of support, $ETH price finally broke out above the top of the range. This is very likely due to a short squeeze, however I believe that it being in conjunction with the recent bounce in $BTC and other cryptos, has allowed for confidence to be restored in $ETH price growth(at least for the short-term). Breaking above the range, with very tightened Bollinger bands, $ETH price managed to close above the upper Bollinger band multiple times. This is the first time this has happened on the daily chart since we had one (very brief) close above it, in October last year. To me this signals a (possibly very strong) reversal for #Etherem. Going forward, I would personally expect a move up to the current strong resistance level around $2,100-$2,200, then a retest of the previous range-high/resistance, flipped to support. After that would be when I would assess everything to see if this confirmation truly has the merit that I personally believe it has. Any strong close above $2,500 would be a very strong confirmation of this theory, and a close below $1,100 would possibly invalidate this whole theory. **This is all my opinion, based on chart data. This is not financial advice.**
Long
by DoozerInvest
ADA/USD - 1 day chart analysisHere is a closer look at this ADA/USD 1 day chart: ADA is in a Ichimoku P Wave (the 2 converging Blue Trend-lines on Chart) on this daily timeframe. This P Wave is potentially Bearish because it is an inverted P. Note that the bottom trend-line of the P Wave is near the 38.20% ($0.430) Fib Retracement level. The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating that the Mid-Point of the Short-Term Momentum is upwards at the moment. Note that the Conversion Line (Tenkan Sen) is still under the Base Line (Kijun Sen) The Ichimoku Cloud Base Line (Kijun Sen) is indication that the Mid-Point of the Mid-Term Momentum is sideways at the moment. The Ichimoku Cloud Lagging Span (Chikou Span) is indication that Momentum is downwards at the moment. Note that the Lagging Span (Chikou Span) is still under the past price. Note that ADA is still in the Bearish Zone of the Ichimoku Cloud. ADA is still below its Bollinger Bands Middle Band Basis 20 Period SMA for the 1 day timeframe. Note that the Upper and Lower Bands are Pinching inwards at the moment. At the moment of typing this, ADA has dropped below its Least Squares Moving Average (LSMA). A daily candle close below the LSMA would be considered a Sell Signal for this indicator on this 1 day timeframe. ADA is still well below its Longterm Upwards Pitchfork Pattern Median Line and is also below its Lower Yellow Pitchfork Resistance Line. Looking at the entire ADA Chart we can see that the Volume Profile Visible Range Point of Control (VPVR POC) is at $0.041 and we can see the previous huge Volume Cluster from $0.096 to $0.033. This represents the area where the most volume was traded. Looking at the Average Directional Index (ADX DI) we can see that the Trend Strength is dropping with the ADX (Orange Line) at 13.988 still below its 9 Period EMA (Black Line) which is at 15.181. Negative Momentum has dropped with the -DI (Red Line) at 19.976 and Positive Momentum has also dropped with the +DI (Green Line) at 17.218. Looking at the Relative Strength Index (RSI) we can see that momentum is downwards at the moment. Note that the RSI (Purple Line) is below its 9 Period EMA (Orange Line) which is a sign of negative momentum strength. Note that the RSI still has plenty of room to drop before entering the Oversold Zone on this 1 day timeframe. If ADA breaks below its P Wave and its 38.20% ($0.431) Fib Retracement level then we may see an eventual drop to its 50% ($0.233) Fib Retracement Level. For the upside, we need ADA to stay above its LSMA and to eventually get back ABOVE and CLOSE a daily candle ABOVE its BB Middle Band with a successful re-test as support on this 1 day timeframe. Looking at this ADA 1 day chart really puts things in perspective, as you can see, ADA spent from March 2018 to March 2019 in the BEARISH ZONE of the Ichimoku Cloud which was then followed by about a year or so of a few rises and falls until March 2020 when ADA rose from $0.017 to an eventual new ATH of $3.143 in Sept 2021. Once this world wide recession and financial/crypto bear market is over be it in a year, 2, 5 or 10 years, eventually the Market Makers will decided that the Path of Least Resistance to Profit is…… upwards! So you have to position yourself ready so you can take advantage of the next parabolic rise up, not just in crypto but also stocks, commodities and indices. This is all my opinion so please do your own research because its you money. I hope this is helpful with your trading and hodl-ing.
BINANCE:ADAUSD
by TradingThroughTheLens
VET/USD - weekly chart updateLooking at the VET/USD 1 week chart we can see that VET is in a massive Falling Wedge Pattern. A Falling Wedge Pattern is potentially a Bullish Reversal Pattern. Note that the APEX of the Falling Wedge Pattern is located around the end of October 2023. A weekly candle CLOSE BELOW the Lower Converging Trend-line can easily invalidate this pattern as we saw with the previous weekly Rising Wedge Pattern that got invalidated. Here is a closer look at this VET/USD weekly chart: At the moment of typing this, VET is still way below its 50MA, 100MA and 200MA. For the downside, be on the lookout for if/when the 50MA crosses UNDER the 100MA on this 1 week timeframe. For the upside, be on the lookout for if/when VET crosses back above its 200MA and successfully re-test it as support. VET is also still way below its Least Squares Moving Average (LSMA) for this 1 week timeframe. For the upside, be on the lookout for if/when VET crosses back ABOVE and COLSES a weekly candle ABOVE its LSMA creating a BUY Signal for this indicator on this 1 week timeframe, also look out for any successfully re-test as support. VET is still way below its Bollinger Bands Middle Band Basis 20 Period SMA for this 1 week timeframe. Note that both the Middle and Lower Bands are pointing downwards and the Upper Band is sideways at the moment. For the mid to longterm, VET needs to cross back ABOVE and CLOSE ABOVE its BB Middle Band Basis. Looking at VETs longterm Modified Schiff Pitchfork Pattern, we can see that VET is still way below its Pitchfork Median Line and has also found resistance from its Lower Green Resistance Line. Looking at the Trend-Based Fib Extension tool, we can see what levels VET has above and below it as potential Support and Resistance. Note that the 1 ($0.01845) Trend-Based Fib Extension Level is located roughly where the 78.60% ($0.1811) Fib Retracement Level is located. Looking at the Fib Retracement we can see that VET has the 78.60% ($0.01811) and 100% ($0.0857) Fib retracement Levels as potential support. I have added to areas of Support which i believe are of great interest as highlighted by the Horizontal Black Lines with Blue Shading. We can clearly see that VET has found strong Support from its first Support Area. The longer VET stays and keeps re-testing this area with lower highs, the more the support volume will be chipped away and VET will potentially drop further to its next support cluster. The Volume Profile Visible Range Point of Control (VPVR POC) is located at $0.004946 and you can see the increased volume cluster located from around $0.00857 to $0.00287. If VET drops to that level, we can expect a huge buying opportunity to cause a spike up. As you can see on this weekly chart, Traded Volume has been low since around Jun 2021 compared to what VET was getting from July 2018 to May 2021. Looking at the Average Directional Index (ADX DI) we can see that the Trend Strength is increasing with the ADX (Orange Line) rising to 17.129 and above its 9 Period EMA (Black Line) at 15.182. Note that Negative Momentum has dropped with the -DI (Red Line)at 28.041. Positive Momentum has also dropped with the +DI (Green Line) to 16.636. Looking at the Moving Average Convergence Divergence (MACD) we can see that the MACD Line (Blue Line) is still in the Negative Zone under the 0.0 Base Line and has been in the Negative Zone since the week of the 13th Dec 2021. Note that the MACD Line (Blue Line) is slight curving upwards so be on the lookout if the MACD Line (Blue Line) crosses back above the Signal Line (Orange Line) creating a Buy Signal on this 1 week timeframe for this indicator. Looking At the Stochastic Indicator (STOCH) we can see that the %K (Blue Line) is still under its %D (Orange Line) and both lines are deep in the Oversold Zone and has been for the last 10 weeks. What is interesting is that VET has been in the Oversold zone a few times on this weekly timeframe and on 3 previous occasions VET has spent about 15-16 Weeks in this Oversold Zone before rising above 20. Could be one to watch. I still believe that there is a huge possibility that BTC will hit $12K especially with inflation and the recession we are in, if that happens then we can expect VET to at least WICK DOWN to its 2nd Support Area which is located by its 100% ($0.0857) Fib Retracement Level and its 1.414 ($0.096) Trend-Based Fib Extension Level. I would not get excited on tis weekly chart unless VET closes and successfully re-test as support its LSMA. For the Longterm, wee need VET to break back above and CLOSE a weekly candle ABOVE its Bollinger Bands Middle Band Basis and 200MA. Once this world recession is over and the Governments, The FED, The Bank of England ect ect have completely cleaned up from inflation and whatever else, then the Market Makers will eventually decide that the Path of Least Resistance to Profit is upwards. So once this recession and financial/crypto bear market is over, be it in a year, 2, or even 5 to 10 years. You need to position yourself to be able to buy back in on your crypto of choice and take full advantage of the next parabolic wave up. This is all just my opinion so please do your own research as its your money. I have tried to cram quite a lot in this post as this will probably be my last longterm VET/USD weekly chart post for a while unless something major happens so I hope this is helpful with your trading and hodl-ing.
BINANCE:VETUSD
by TradingThroughTheLens
1
Longterm BTC view with Bollinger BandsI have heard no people talking about the Bollinger Bands on the large timeframes. So I decided to look it up. On the monthly, we are at the bottom of the range. Before a next bull market it is likely the bands need time to contract. I do not expect the price to fall below the lower Bollinger Band. This may be the bottom. Backtesting the relevance of the mid-line of the BB. In the bearmarket of 2015, btc price consolidated below the midline. In November 2015 it breached it, and in December it tested the midline for support. After that it crawled up to the upper Bollinger band until the bull market popped. In November 2018 the price fell below the midline, the price dropped from 6k to 3k. When it breached the midline in May 2019 and backtested it again for support in June, it again staterd a bullish periode, a midcycle relieve rally. While no exact match, the midline seemed to be close to the bottom this period. With the exception of the covid-crash, often considered an outlier. Currently the midline sits around 41k. In previous cylces we have not been this low in the Bollinger Bands. But given the significance of the midline, a rally to the midline could possible in some next months (plural!)/year. Start of a future bull marked would be indicated by a breach and backtest in the following month of that midline, (as it did in nov 2015 and may 2019). Then 2 possible scenarios: We crawl up to the upper band as in 2015, and ride it until bull market pops. Or it is a mid-cycle rally, as in 2019. We will see...
INDEX:BTCUSDLong
by cryptocrypte
1
BTC capitulation?, Long19.2k-17.5k for max pain capitulation on this downtrend. good buy zone for spot long-term portfolio ~16k-23.5k taking into account feasible scenarios of could go. Though,16k-17k will put BTC literally down to the wire of max pain, and maybe create a generational bottom. w/ institutions being more public in their interest w/ BTC I suspect more ranging for a long time ~20k-37k. Mean rev. indicators are printing a good bottom so far today, but not yet confirmed w/ BBWP not crossing over its MA. VZO indicator also printing green. I'd only consider BTC to be out of a bear market until it closes over ~38k on a daily candle, so if you want to be giga-safe I'd wait for there. Breaking out of 32k gives some confidence of an uptrend, but thats only if we continue going up from here. Have some self-control and try not to capitulate. Fundamental market risk factors are noted here thanks to WifeyAlpha. Only would add that there are a lot of put options expiring this Fri./June 17th on SPY that could squeeze tradFi for part 2 of a bear market rally, so hedge your open shorts. That and monkeypox, which falls under the currency wars. Trying out 5R trades instead of the safer 2R, I have two of them out JIC the #1 gets stopped out Trades: #1 Entry: 21.6k SL: 18.3K TP: 39k #2 Entry: 17.5k SL:15.2 TP:29k
CME:BTC1!Long
by linebands
BTC: EXPECTING A BOUNCE FROM $20K LEVEL IF?Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this BTC update. After the breaking out from the symmetrical triangle, BTC got rejected from its main resistance level which is at the $22k-$23k level. After this rejection, it's continuously dropping, and it looks like it is going for a retest of the triangle due previously. $19800-$20,200 is a very important support area. If BTC holds this support we can expect a good rise in the price of BTC. Also, there is a lower Bollinger band support at the $20k level so we have some more confirmation of bounce from that area. Let's see how this goes. Also, keep in mind that if it breaks below $19.8k level then we can see more dump in the market. What do you think about this? Do you also think that we can see a bounce from the $20k level or do you think that we see more lows? Share your views in the comment section. If you like this idea then do support it with like and follow. Thank You!
Long
by CoreCrypto1
BTC/USD - Weekly Chart Falling Wedge Pattern and a P WaveBTC is in a massive Falling Wedge Pattern. A Falling Wedge Pattern is potentially a Bullish Reversal Pattern. Note that the APEX of the Falling Wedge Pattern is around March/April 2024. BTC is in a Negative Ichimoku P Wave Pattern. BTC has been in 2 Previous P Waves from the all time high and both P Waves ended with further drops to the downside. BTC is also in a massive Ichimoku Y Wave Pattern. This gives us a new All Time High potential target for BTC if it does eventually rise and especially if its stays above the Lower Descending Trend-line of the Falling Wedge Pattern. BTC is still deep in the Bearish Zone of the Ichimoku Cloud on this 1 Week timeframe. Note that we have already had a Kumo (Cloud) Twist into a RED Bearish Cloud on this 1 Week timeframe. BTC is still below its 200MA. A successful WEEKLY CLOSE ABOVE the 200MA and successful re-test as support is crucial for any longterm uptrend to become viable. Note that BTC has closed 3 weekly candles below its 200MA. BTC is still below its Least Squares Moving Average (LSMA) on this 1 Week timeframe. BTC is still way below its Bollinger Bands Middle Band Basis 20 Period SMA. Note that both the Lower Band and Middle Band are pointing downwards and the Upper Band is pointing upwards but we may see the Upper Band curve and start moving downwards. At the moment of typing this, BTC has found some resistance from its 78.60% Trend-Based Fib Extension Level. At the moment BTC has found some support from its Descending Pitchfork Median Line. The Black Horizontal Trend-line at around $17,588 is a crucial level to watch. Looking at the Average Directional Index (ADX DI) we can see that The Trend Strength is Strong with the ADX (Orange Line) at 30.19 still above its 9 Period EMA (Black Line) at 24.70. Negative Momentum is slightly downwards with the -DI (Red Line) at 38.57 and Positive Momentum is also sideways within a range with the +DI (Green Line) at 12.18. From my opinion, if you are waiting to go long with BTC/USD for the Mid to Longterm, i would air on the side of caution at the moment because i still believe that £12K is a huge possibility especially with inflation increasing to help pay back the trillions of $ and billions £ printed during the covid pandemic to prop up the stock market. Mid to Longterm, we need to see a successful weekly close ABOVE the 78.60% Trend-Based Fib Extension level, the P Wave as well as the 200MA with a successful strong re-test as support on this 1 week timeframe. A successful close ABOVE the LSMA and successful re-test as support will also be a good sign of potential renewed Mid to Long-term upwards momentum. As usual, BTC needs to get back ABOVE and CLOSE a weekly candle ABOVE its BB Middle Band Basis. Until we see all of the above, then Mid to Longterm wise, it’s sideways within a range at best or downwards at worst. Again this is all just my opinion so please do your own research as its your money. I hope this is helpful with your Trading and Hodl-ing.
BITSTAMP:BTCUSD
by TradingThroughTheLens
2
Average True Range... and BollingersATR is a great indicator designed to show you the previous ranges of the previous candles depending on the value chosen, in this example I have done 6 periods, so you can see in this chart I have highlighted when we have peaks and troughs and one thing to do is compare the times of day this activity happens, you can see at certain times the atr climbs, it stalls at others or can fall, so ATR is showing us previous candles range, so if you are in a trade you want the range to be growing usually so that your trade can head to TP, but the important thing to takeaway is the fact that price is moving alot, this is because it is experiencing higher level of trading activity price is trending, where as a falling ATR reading means typically things are slowing down or accumulating, remember this doensnt give direction though as price can still move up or down despite a falling range per candle. However what it can do is tell you good times to look for trades, you can filter down by time the best time to take trades based on your strategy winning or losing in the peaks of troughs. ATR can also be used to determine stop losses of TP, by taking the the reading and using a 2xreading stop loss or TP, the more volatile the market the bigger your stop losses and tp will be, but more volatility generally correlates well with that idea, not only does it offer greater protection it also prevents missing out on good moves. So 2nd part is Bollinger bands we can see how it works, it basically again is telling you the range of things, so Id like you to compare the reading on ATR to the Bollingers, and you can see when ATR falls and the Bollingers are squeezing tight we have very little to trade, energy is low and range is small, In crypto I have heard this term called the crab which I have to say... I do find quite amusing. When ATR is rising the Bollingers expand creating a wide cloud, so on the last box, where price falls despite ATR falling... what is the difference this time? That is right, Bollingers are not squeezed together, which tells us the ATR reading is acting like it is small and stuck in a squeezing formation but in fact we are just in an expansion of the Bollinger moving slowly. What do I want you to take away from this? Just a deeper thought about which market conditions are best for your strategy and how to avoid times which will not really offer a good trade yet ect, and have a look for patterns in how you trade around these volatility indicators! Happy trading... More to come
Education
by ZenFlo
VET/USDThis is a longterm analysis of a possible 3 year outlook for VET/USD using the 1 week chart. Here is a closer look at this VET/USD 1 week Chart. On this 1 week timeframe, VET has been back above its Least Squares Moving Average (LSMA) since the week of 7th March 2022. Note that a weekly close ABOVE the LSMA is considered a BUY SIGNAL for this indicator. VET is also back ABOVE its Bollinger Bands Middle Band Basis 20 Period SMA for this 1 week timeframe. Note that the Upper and Lower Bands are still contracting indicating VET still has plenty of room to move up or down before expansion kicks in and it becomes over extended on this 1 week timeframe. VET is Back ABOVE its 100MA (Red Line) but still BELOW its 50MA (Blue Line) on this 1 week timeframe. VET is in a massive Rising Wedge Pattern, the APEX of which is around the week of 5th - 12th May 2025 and is at around $8.8 as indicated by the Rising Converging Blue Lines. VET is also in a Triangle Pattern as indicated by the Converging Black Dotted Lines. Looking at the Trend-Based Fib Extension we can see that at the moment, VET has found some resistance from its 0.236 level at $0.0876. Note that the Fib Levels are based on Log Scale. VET closed the last weekly Volume Bar ABOVE its Volume 20 Period MA, in the Green and this weekly Volume Bar will also close ABOVE its Volume MA. VET is above its Volume Profile Fixed Range Point of Control (VPFR POC) for the Fixed Range of 3 Weekly Candle that i have selected. Looking at the Moving Average Convergence Divergence (MACD), we can see that we have a BUY SIGNAL on this indicator for this 1 week timeframe because the MACD Line (Blue Line) has crosses back ABOVE the SIGNAL Line (Orange Line) creating a new Green Histogram. This is the first new BUY SIGNAL since the week of 25th Oct 2021 and it’s the first new Green Histogram since 22nd Nov 2022. Note that the MACD Line (Blue Line) is still in the Negative Zone under the 0.0 Base Line, so the next key thing will be when the MACD Line (Blue Line) crosses back over and ABOVE the 0.0 Base Line into the Positive Zone. Looking at the Relative Strength Index (RSI) for this 1 week timeframe, we can see that Momentum is upwards at the moment and the RSI (Purple Line) is back above its 9 Period EMA (Orange Line) and indicating upwards momentum strength. Note that the RSI (Purple Line) has plenty of room to move up before entering the Overbought Zone which is above 70 on this 1 week timeframe. Looking at the Average Directional Index (ADX DI) we can see that the Trend Strength is still weak with the ADX (Orange Line) at 14.51 under the 20 Threshold and under its 9 Period EMA (Black Line). Positive Momentum has increased with the +DI (Green Line) rising to 25.101 and ABOVE its -DI (Red Line) which is at 19.21. A very good sign on this 1 week timeframe will be if we continue to see the +DI (Green Line) expand further away from the -DI (Red Line) as well as the ADX (Orange Line) crossing back ABOVE its 9 Period EMA (Black Line) and AOVE 20 Threshold. With such a large rise on the Daily, we shouldn't be surprised if VET re-traces back to its LSMA or even its Bollinger Bands Middle Band Basis 20 Period SMA on the 1 day timeframe. Here is a look at the 1 day chart so you can see the Expansion of the Bollinger Bands. Note that VET found support today from its LSMA Level on the 1 day chart. Obviously a lot can happen and change in 3 years with the Crypto Market, VET can easily break ABOVE or BELOW and CLOSE a Weekly Candle ABOVE or BELOW the Rising Wedge Pattern's Trend Lines to invalidate it way before it ever gets to the APEX. The first crucial step for VET will be CLOSE a weekly Candle ABOVE its 0.236 Trend-Based Fib Level at 0.0876 and if needs be, to successfully re-test that level as strong support. Key things to look out for the potential start off on this VET/USD longterm 1 week timeframe in no particular order: For the Positive Side: 1: A successful close ABOVE the 0.236 Trend-Based Fib Extension level. 2: Expansion of the Upper and Lower Bollinger Bands while the Price is above the Upper Band. 3: A successful Weekly Close ABOVE the 50MA, 4: The BB Middle Band 20 Period SMA crossing back ABOVE the 50MA 5: The 100MA crossing back ABOVE the 50MA 6: The MACD Line (Blue Line) crossing back above the 0.0 Base Line into the Positive Zone 7: The ADX Line (Orange Line) crossing back ABOVE the 20 Threshold and its 9 Period EMA (Black Line). 8: A Weekly close ABOVE the Ascending Upper Blue Trend-line of the Rising Wedge Pattern. 9: A Weekly Close ABOVE the Upper Triangle Pattern Trend-line. 10: A successful close ABOVE the 50MA. For the Negative Side: 1: A successful close BELOW the 0.236 Trend-Based Fib Extension level. 2: A drop back UNDER the BB Middle Band Basis 20 Period SMA. 3: A Weekly Close back UNDER the 100MA, 4: A weekly Close back UNDER the LMA. 5: The 100MA crossing back ABOVE the 50MA 6: The MACD Line (Blue Line) crossing back UNDER the SIGNAL LINE (Orange Line) 7: The +DI (Green Line) crossing back UNDER the -DI (Red Line). 8: A Weekly close BELOW the Ascending Bottom Blue Trend-line of the Rising Wedge Pattern. 9: A Weekly Close BELOW the Lower Triangle Pattern Trend-line. 10: The RSI (Purple Line) crossing back UNDER its 9 Period EMA (Orange Line) I’m sure I’ve missed a few things but that’s probably enough of me rambling on. I hope this post is helpful with your Trading, Hodl-ing or DCA-ing.
BINANCE:VETUSD
by TradingThroughTheLens
10
BOLLINGER BANDJohn Bollinger invented the Bollinger Bands, which are a sort of price envelope. Bollinger bands help determine whether prices are high or low on a relative basis. They are used in pairs, both upper and lower bands and in conjunction with a moving average. Bollinger Bands are price envelopes drawn at a standard deviation level above and below the price's simple moving average. The bands respond to volatility fluctuations in the underlying price because their distance is based on standard deviation. Bollinger bands are used to evaluate if prices are relatively high or low. They're employed in pairs, with upper and lower bands, and with a moving average in between. The indicator's main line is a simple moving average (SMA). This charting software defaults to a 20-period chart, which is sufficient for the majority of traders. At 7/6/2022, the price reached the top at the band at 51.91. After that, As can be seen, the price has settled back into the middle of the bands. Then at 21/6/2022, the price break the Lower band. This information help me add context to trends and potentially determine when they might be overextended and reverse. When it does, probability theory assumes the security price is likely to revert back to a moving average, or mean, between the upper and lower bands. This is called mean reversion and this is use as trading decision for me. Then I set a Entry/ Buy price at 39.89, Target Profit near the middle at 43.13 and Stop Loss Below the Lower Band which are 35.76.
NASDAQ:APA
by SYAHFIZZAN
BTC/USD - 1 day chart analysisLooking at the BTC/USD daily chart we can see that BTC is still under its Least Squares Moving Average as well as still under its Bollinger Bands Middle Band Basis 20 Period SMA. Note that we have expansion of the Lower Bollinger Band. BTC is still in a Descending Pitchfork Pattern and has found some support from its Upper Green Pitchfork Support Line. Note that BTC is still above the Descending pitchfork Median Line. A drop to the Pitchfork Median Line would take BTC to around $20,000 which is new its 0.786 Trend-Based Fib level at around $20,122. I have added various Support Lines on this chart and you can see the major Descending trend-line that BTC must CLOSE ABOVE and if needs be to successfully re-test as support on this 1 day timeframe. There are more support lines i could add but the chart would become too messy. Looking at the Trend-Based-Fib Extension we can see that BTC is still under its 0.5 Trend-Based Fib level around $30,352. Looking at the Volume Profile Visible Range (VPVR) we can see areas of interest that that might arise that has previously had massive volume. These levels coincide with the Support and Resistance Lines that I’ve added. The Volume Profile Visible Range Point of Control (VPVR POC) for this charts Visible Range is at around $19,112. I have added a Volume Profile Fixed Range (VPFR) indicator which is from 27th Mar 22 to 11th June 22 and as you can see BTC is still below its Volume Profile Fixed Range Point of Control (VPFR POC) for that fixed range. Here is a closer look at this 1 day chart. Looking at the Moving Average Convergence Divergence (MACD) we can see that the MACD Line (Blue Line) is still in the Negative Zone under the 0.0 Base Line on this 1 day chart. Note that it looks like the MACD Line (Blue Line) may cross back under its Signal Line (Orange Line) creating a Sell Signal for this indicator on this 1 day timeframe. Looking at the Average Directional Index (ADX DI) we can see that Negative Momentum has increased with the -DI (Red Line) rising to 25.39 and Positive Momentum has dropped with the +DI (Green Line) dropping to 15.50. Note that the Trend Strength is now turning sideways with the ADX (Orange Line) at 24.18 and the 9 Period EMA (Black Line) is heading downwards at 34.37. If the ADX (Orange Line) crosses back above the 9 Period EMA (Black Line) then that will be further strength for the downside if the -DI (Red Line) is still above the +DI (Green Line) on this 1 day timeframe. All in all looking at this 1 day chart mid-term wise BTC shows no sign of breaking to the upside just yet. Look like there will be continued opportunities to acquire your crypto of choice at bargain prices. I hope this chart is helpful with your Trading and Hodl-ing.
BITSTAMP:BTCUSD
by TradingThroughTheLens
4
BABA LONGKeltner Channel is looking upward which is typically a good set up for long position. RSI just bounced back from level 50 and is going to cross the signal line again. Hopefully aiming for the overbought zone. MACD seems to be losing strength but always above the signal line. Moreover having a look at EMA we can see that 6EMA crossed up 18EMA which crossed up the 50EMA. It could be a hint bullish momentum. Stochastic and Bollinger bands seem to confirm previous situation. We put the entry price above yesterdays closing price just to have some margin because of the premarket price which is at 106.6 at the moment while writing. ENTRY: 107 YELLOW SL: 100.73 RED TP: 119.5 GREEN
NYSE:BABALong
by vf_investment