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Breadth Indicators

BTCUSDT 4H | Bitcoin market overview: Bullish signHello, dear subscribers! In our previous review, we looked at the Triangle pattern and bitcoin's downward exit from it. The exit worked correctly, but the bears could not lower the price beyond the first support level of $17,600. Since December 1, bitcoin price has been inside the $17,600 - $19,400 zone. After the last bounce of the bitcoin price from the support level of $17,600 the RSI and MACD indicators came to the green zone and signal a local bullish trend. It is important for buyers to consolidate above $19,400 level - it will be a good sign for continuation of the global uptrend. Also on the bitcoin market, formation of a pattern - fakeout, a brief exit above the resistance level - $19,400 and a reversal downward is possible. For now, bitcoin market is on the side of buyers. OBV indicator shows that the current bitcoin growth is not supported by a set of long positions. The indicator shows declining growth peaks in buying volumes, indicating that the bulls are weakening. Subscribe to the channel and stay tuned!
Long
by CatalystsFinance
Most stocks above their 200 DMA in a decadeBreadth indicators really only become useful in two circumstances: 1) when they start to diverge from the price or 2) when they reach an extreme. The highest percentage of stocks above their 200-day moving average in a decade is noteworthy and can be considered an outlier – or extreme scenario. Stocks and breadth are moving in sync and so there is no divergence. What does it tell us? If we think back to what was happening in 2009/10 when this indicator was hitting these levels was that markets were rebounding strongly after the 2008 financial crisis. After the last reading of 83 in MMTH, US stock markets went on to have a 10-year bull market but it had a 20% correction first. Stock market breadth at this kind of extreme means an underlying strong market that has reached extreme sentiment that could usher in a shorter term pullback. The indicator does not say how big this pullback will be but makes us a little more prepared for it.
SP:SPX
by jasperlawler
Update with examples of the BBK SqueezeBITFINEX:BTCUSD is starting to show another squeeze on the 30m timeframe as price begins to consolidate. There was a great trade on the 30m using the indicator over the weekend. I also look at where another BBK Squeeze took price from the 11000 levels on the swing trading timeframe a few weeks ago. If you are patient and wait for the BBK Squeeze to filter out the noise you can find some great potential breakouts! DM me or comment for more info...
BITFINEX:BTCUSDEducation
by norok
FDX Moving Average(MA)NYSE:FDX The moving average (MA) is a simple technical analysis tool that smooths out price data by creating a constantly updated average price. The average is taken over a specific period of time, like 10 days, 20 minutes, 30 weeks or any time period the trader chooses. There are advantages to using a moving average in your trading, as well as options on what type of moving average to use. Moving average strategies are also popular and can be tailored to any time frame, suiting both long-term investors and short-term traders.
NYSE:FDXLong
by jptrades0
NFLX Moving Average (MA)NASDAQ:NFLX The moving average (MA) is a simple technical analysis tool that smooths out price data by creating a constantly updated average price. The average is taken over a specific period of time, like 10 days, 20 minutes, 30 weeks or any time period the trader chooses. There are advantages to using a moving average in your trading, as well as options on what type of moving average to use. Moving average strategies are also popular and can be tailored to any time frame, suiting both long-term investors and short-term traders.
NASDAQ:NFLXShort
by jptrades0
JSE:200 JSE Still Getting WeakerI have not posted for some time but am looking to post more regularly again. After the covid shock, we have basically been trading in a range. Using a Wyckoff view this is expected after a selling climax. The question is now where are we in the trading range and are we seeing a redistribution or accumulation? Starting off with a comparison of the Top 40 against the S&P500 we see that the JSE has relatively been in a downward trend since 2016. However, the resources sector has been in an uptrend relative to the rest of the Top 40. After the covid drop resources have also recovered well. The financial sector on the other hand has not seen any rebound effect and remains at the low levels after the drop. So following strength, it is wise to focus on the resources sector when looking for a recovery.
JSE:J200
by SteynTrade
The Dark Side of the Zweig Breadth ThrustThe Zweig Breadth Thrust (ZBT) is an indicator developed by Martin Zweig. The indicator shows how quickly the New York Stock Exchange ratio of advancing (number of stocks with gains) and declining (number of stocks with losses) goes from poor to great. The underlying principle is that there is a rush of liquidity in the market that benefits a wide number of stocks and shows the beginning of a bull run. You can build the indicator by dividing ADVN (advancing issues) by ADCN+DECL (total issues) and multiply by 100. In other words the percentage of issues that are advancing. Then apply a 10-day Exponential Moving Average (EMA) to this number. The indicator is oversold when it drops below 40% and is overbought when it goes above 61.5%. The "Thrust" occurs when it goes from oversold (below 40%) to oversold (over 61.5%) within a 10-day period. What does the Thrust mean? It is a leading indicator of a great bull run about to happen. There have only been 14 thrusts since 1945, but with an average of 24.6% gains in the next 11-12 months after the thrust! Great! So what's the dark side? Someone mentioned on fintwits a few weeks ago that the Zweig Breadth Thrust almost occurred, barely missed, but framed it as a bullish sign. By default, I'm a bull and love great news, but I also like to test assumptions. So I backtested this comment. What happens when the Zweig Breadth Thrust almost occurs, but does not occur. So I tested instances in historical data that the indicator went from oversold to almost overbought (above 60.59 within 10-days) but not above the threshold of 61.50. I played with the 60.59 to isolate to a reasonable number of cases for study. The indicator will at times go over the 61.50 a few days later, but does not do so within 10 days. On the chart, you have two views. The top is the indicator with two different colored circles. The white circles mark actual Zweig Breadth Thrusts. You can go look at those and see that they do in fact have huge gains over the next several months. The most recent was this year on May 21. We've all experienced the amazing gains that have occurred since that time. The yellow circles mark the times the indicator almost made it but backed off. The bottom chart is the NYSE composite index, taking into account the breadth of the market's gains and losses. The yellow lines correspond to the yellow circles in the indicator chart. You can see in most cases that there is a short pump from the increasing amount of advancing stocks. But overtime, the failed attempt at Thrust eventually results in a lower low. I find these types of things interesting. But don't overweight the estimate or the prediction. It's just another thought to chew on and balance with what else is going on. There is a tremendous amount of liquidity being created by government stimulus and the low bond yields. It's a very unique time historically in the market. So there could be more and more upside. At the same time, there's a lot of danger in that liquidity flowing into failing sectors that have no guarantee of turning positive in the near term. Eventually, the money comes back out, consolidating into a smaller breadth of areas and then eventually into alternative investments (if those become attractive).
A
by drewby4321
3