$GTT Target 4.42 for 49.83%$GTT Target 4.42 for 49.83%
Or double position at 1.54
Here's another one you might want to stay away from unless you just love adrenaline 😏🤓
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
I finally added my YouTube Training Video to my profile tagline since I’m not allowed to on here. It’s a quick 15 minute training video on how to set up your chart and how to spot opportunities. So check here first but If you have questions just message me.
Centered Oscillators
What's The Outlook For Bitcoin? - June 20th, 2021Bitcoin is holding just above the Yearly Open Price. I would expect some massive selling if we get under these levels, as large positions have been publicly taken by large companies, institutions, and hedge funds around this price area. However, that could also mean that these large position holders may be looking to accumulate more at a lower price point. Either way, I expect this to be a volatile couple of weeks-months. We can expect to see COINBASE:BTCUSD fluctuating in price quite a bit. Ultimately, the Yearly Open is a powerful level for Investors and Traders, and I will be watching this level closely.
Regards,
@DayTradingOil
geometrical metodology used on CTII've decided to experiment with geometrical shapes on CTI token as it's chart has some interesting harmonics. Basic technical analysis shows us a point where trend changes, but it's curiosity that asks us to predict how exactly this will influence price change. It's experimental method, but there is a tendency for corellating with RSI data and Trend Ribbon. This could be used in a number of ways, including pattern harmonics and long-term planning. We will see in a couple of weeks if it's working. Here and now it's pretty obvious that that's a buy price for CTi in a long-term perspective.
AJ Trady 5 min ema and macd strategy.A new strategy that I have developed. Only enter when EMA crosses one of the longer term EMA's + a bullish cross is forming on the MACD. Ideally, you should wait for ema 8 to cross both ema 21 and 34 with a bullish cross formed/forming on MACD. Use alongside normal Support and Resistance for SL and TP levels. If used on crypto I mainly suggest just BTC as alt setups easily ruined by BTC doing what it wants.
NEAR/USDT (15/6/2021)NEAR/USDT:
What makes NEAR stand out and attract?
NEAR is a native utility token used for:
• Transaction processing and data storage fees.
• Run validator nodes on the network by staking NEAR tokens.
• Used for the admin ticket to determine how to allocate network resources.
NEAR's tools include:
• The NEAR SDK includes standard data structures and testing tools for Rust and AssemblyScript.
• Gitpod for NEAR helps create an integrated experience in no time for developers.
• NEAR Wallet allows application developers to create a streamlined user experience.
• NEAR Explorer is intended to assist in debugging contracts and understanding network performance.
• NEAR Command Line Tools are intended to allow developers to deploy applications from the local environment.
Price forecast in the near future:
- Currently Near is still moving sideways in the price range $2.8-$3.6
- In the next 2-3 days, if NEAR continuously closes the daily candle above the MA(10), it will create a new support area line. There is more motivation to go up back to the old price zone. Provided that the cash flow starts to flow more into the market and spreads to the midcaps
- With the potential and potential of the Near ecosystem, it will reach the price range of $ 15-20 between this time and the end of September.
- RSI and MACD are both trending up again at the same price $4
BTC (14/06/2021)BTC trend in short term:
BTC is moving sideways in the area of $35k-$37k, the range is gradually narrowing to the innermost ring of the bolinger Band.
Still moving steadily in the linear regression line
The 14th candle is currently above the MA(10) line, creating a new support line for the price of BTC , however, the buying and selling force is still very weak and tends to decrease. If Volume continues to decline for the 15th day and the price stays above the overhead support at $37k, this could be a new support line.
Considering the trend of the RSI line, the price is very likely BTC will returnin the short term, come to the uptrend and combined with the signal of the MACD indicator, the value of BTC has recovered from June 8th.
However, there is still a high possibility that there will be a correction to the $30-$33k price range and then it will really come back. That's in a positive market situation.
At a time when MarketCap fell deeply and there was no sign of money coming back to the market, the entry of money for Altcoins was extremely limited and very dangerous.
Recommendation: Continue to monitor the market and wait for positive signs and clear signals from BTC
Signal: #MA(10), #MA(20), #RSI, #MACD, #BB
How to use RSI and MACD In trading?Hi every one
*Definition of RSI:
This indicator Is momentum base indicator.
The biggest difference with momentum is that there are two line which indicate that: Is the price in the oversold or overbought area or not?
We can easily compare the tops and bottoms of every instrument that we like!
There is not much difference between RSI and Stochastic oscillator only that there is one line in RSI!
Remember every Indicators shows the future of the market!
**Full explanation of MACD:
Moving average convergence divergence (MACD) is a trend-following momentum indicator that shows the relationship between two moving averages of a security’s price. The MACD is calculated by subtracting the 26-period exponential moving average (EMA) from the 12-period EMA.
The result of that calculation is the MACD line. A nine-day EMA of the MACD called the "signal line," is then plotted on top of the MACD line, which can function as a trigger for buy and sell signals. you may buy the security when the MACD crosses above its signal line and sell—or short—the security when the MACD crosses below the signal line. Moving average convergence divergence (MACD) indicators can be interpreted in several ways, but the more common methods are crossovers, divergences, and rapid rises/falls.
Moving average convergence divergence (MACD) is calculated by subtracting the 26-period exponential moving average (EMA) from the 12-period EMA.
MACD triggers technical signals when it crosses above (to buy) or below (to sell) its signal line.
The speed of crossovers is also taken as a signal of a market is overbought or oversold.
MACD helps investors understand whether the bullish or bearish movement in the price is strengthening or weakening.
The MACD has a positive value (shown as the blue line) whenever the 12-period EMA (indicated by the red line) is above the 26-period EMA (the blue line) and a negative value when the 12-period EMA is below the 26-period EMA. The more distant the MACD is above or below its baseline indicates that the distance between the two EMAs is growing.
The MACD has a positive value (shown as the blue line) whenever the 12-period EMA (indicated by the red line) is above the 26-period EMA (the blue line ) and a negative value when the 12-period EMA is below the 26-period EMA. The more distant the MACD is above or below its baseline indicates that the distance between the two EMAs is growing.
MACD is often displayed with a histogram which graphs the distance between the MACD and its signal line. If the MACD is above the signal line, the histogram will be above the MACD’s baseline. If the MACD is below its signal line, the histogram will be below the MACD’s baseline. Traders use the MACD’s histogram to identify when bullish or bearish momentum is high.
***RSI VS MACD:
The relative strength indicator (RSI) aims to signal whether a market is considered to be overbought or oversold in relation to recent price levels. The RSI is an oscillator that calculates average price gains and losses over a given period of time. The default time period is 14 periods with values bounded from 0 to 100. MACD measures the relationship between two EMAs, while the RSI measures price change in relation to recent price highs and lows. These two indicators are often used together to provide analysts a more complete technical picture of a market. These indicators both measure momentum in a market, but, because they measure different factors, they sometimes give contrary indications. For example, the RSI may show a reading above 70 for a sustained period of time, indicating a market is overextended to the buy side in relation to recent prices, while the MACD indicates the market is still increasing in buying momentum. Either indicator may signal an upcoming trend change by showing divergence from price (price continues higher while the indicator turns lower, or the other way around.
The DEFINITION of Divergences!
We hope that you've learn something with this post .
Have a nice day and Good luck.
My possible next trade for Bitcoin!!!Bitcoin form a simetric triangle in H8 timeframe, but at the moment, we can't to buy Bitcoin, I hope to buy Bitcoin contract above of $37,700 USD.
s3.tradingview.com
Now, if you look the Daily timeframe, there's 2 indicator that show that Bitcoin it's preparing to continue to bullish movement soon. MACD show us good zone to buy, but not confirmed in the price action, for that, I decide to hope until Bitcoin break up the resistance at $37,700 USD. Meanwhile, in the RSI Bitcoin form a bullish diverngece making lower higher in the indicator and the price action maybe a lower low. That could be an indication that bulls are preparing to make a movement volatile soon!!!
At the moment, my idea it's neutral, but the chances could be bullish!!!
Possible sell after 50 pip winWe smashed the TP within hours. Great momentum here. Right now we are seeing this pair catch it’s breath as it retraces back to support to see if it turns into resistance or not. I see this being a bearish move but because of how strong the move was we could see a strong pullback as well.
We need to be careful and wait for a proper retest. For now we wait to see what happens when market opens
How to detect the active cycle length?This is a short tutorial on how to use the Detrended Rhythm Oscillator (DRO) to identify the current dominant cycle. The Detrended Rhythm Oscillator is an advanced Detrended Price Oscillator DPO which helps to spot the key market rhythm or beat for any symbol on any timeframe.
It automatically labels the length of current market high-high and low-low pivots which helps to see cycle harmonics and relations. The output should be used as input setting for almost all technical indicators which require and "length" settings for the calculation. Using this length setting based on the dominant market rhythm will help to ensure better accuracy to your indicators at turning points. The indicators get synced to the beat of the market.
The indicator is available as Public Open Source Script for your own usage:
EUR.USD H4 Short 13CCI Triangle Apex below zeroline>61.8% retracement of upmove May 29 -June 3 suggests more down to full retracement or more
13CCI pattern is still strongly negative, and the CCI triangle apex is still well below zeroline, strongly favoring Downmove in price.
Price H&S target is the horizontal red dotted line down near $20k
However, things can change rapidly with political manipulation, so be watchful esp. the next few days. Any reversal to Upside price within the next few days could be expected to be a powerful move, so it is no time to be complacent. CCI will signal any real turn up with a CCI break up thru a down trendline on CCI
A modest ADA TA for complex market statusLooking at the bigger picture in the weekly frame, there are two bearish divergences in RSI. But the price is above 20 weeks MA, so ADA has strong support at MA but if the whole market drops, the price will probably retest Fib levels or in overall all support levels until BTC and the whole market cap rises again. The lowest ADA price would be around 1$.
Bitcoin back on the upswing?Over the last few days bitcoin has shown us a number of reasons to indicate that this short term down swing has reversed. The good news is that:
Bitcoin has broken out of the triangle to the upside
The MACD's histogram has been moving in a positive direction since the 19th of May
The RSI left oversold territory and has stayed above 30 - indicating upward momentum
The MACD has crossed the signal line - indicating upward momentum
However, the $40,000 line is not only a historic resistance level, but it is also a psychology significant number. It would be great news if we were to break that 40k level. And as we have learned about Bitcoin, the news can have a MAJOR affect on the price of bitcoin.
There is also the 200 day MA to contend with. There will still be bearish sentiment in the market as long as we are under that level. We are "In a bear market" according to many.
So if Bitcoin does not break 40k, and does not break the 200 day moving average, than we could see another retracement back down.
This is all in the short term though. Since the beginning of the year and continuing now, there has been huge institutional investment into Bitcoin.
I am not sure where bitcoin is headed in the next month or two but, I'd be shocked if it does not hit 100k by the end of the year.
Thank you for reading! Please check out my guides on how to read different indicators linked below. Be sure to Like, Comment, and Follow for more!
Update: Possible pattern in the overall marketThis is purely hypothetical. It appears a pattern has formed in terms of periods of heavy growth and periods of stalling growth. I was able to chart all 3 major indices in aggregate. This is another projection.
A possible catalyst that could cause June to be a turbulent month, while still squeaking out about a 1% gain, would be the June 10th CPI report coming in hot. The labor market and supply chains have seen the worst of inflation and have been passing on the price increases to consumers/customers successfully. If it comes in hot, it could cause the market to rethink the idea that inflation is transitory and cause fear that the Fed will slam on the breaks too soon with their asset purchases.
If and when this happens, the market should adjust and reprice accordingly and then continue its leg higher.
What do you think the markets will do? Will this year be a choppy grind higher or will we see another correction and have a smooth ride from then on? Possibilities are endless and there can always be a macroeconomic event or geopolitical event that could cause changes.
EURCAD H4 Short 13CCI tlbBoth Daily and H4 13CCI have a short signal from trendline break on CCI. Can this overcome a wedge on weekly chart? If so, first target may be the H&S target, and if no bounce there, there is a lot of open space below for a few hundred pips.
Long signal will be when a down trendline on CCI is broken to upside
Using the Moving Average Convergence Divergence (MACD)MACD – What it is
The Moving Average Convergence Divergence (MACD) is the momentum indicator that shows the relationship between two different moving averages:
1. The 12 period exponential moving average – On Tradingview it is the Fast Length.
2. The 26 periods exponential moving average –On Tradingview it is the Slow Length.
The MACD line is calculated by subtracting the 26 period EMA from the 12 period EMA.
The Signal line is the 9 period exponential moving average.
These two lines are then plotted on top of each other. These are the two lines you see when you turn on the MACD indicator.
Additionally, there is a histogram that shows the distance between the two lines. Larger bars tell us that the MACD and Signal are further apart.
When it comes to candles, size matters. The larger the candle the more momentum the trend has.
The histogram will turn green when the MACD line is above 0 (bullish) and it will turn red when the MACD line is below 0 (bearish).
Very bearish momentum is shown above. Photo was taken May 23, 2021.
How to use the MACD
The most important thing to know about the MACD is how to read the relationship between the two lines.
I’ve found that the best timeframe to use the MACD with is daily. This is because the MACD is a lagging indicator and using daily data prevents a lot (not all) of false buy and sell signals.
These signals are:
• When the MACD line crosses above the signal line it is a buy signal
• When the MACD line crosses below the signal line it is a sell signal
Additionally, it is best to use the MACD in a trending market; a market with a clearly defined up or down trend.
Using the MACD with trend lines is a very powerful combination.
The reason for this is that if the market is moving sideways, you can see small fluctuations where the MACD and Signal Line cross but the price does not really go anywhere. These are false breakouts.
Therefore, these signals are not automatic buys and sells.
There are ways of confirming the indications from the MACD chart.
One way is a strategy that uses the RSI and MACD together (which is beyond the scope of this text, but I will discuss in my next article).
Another way is to use the MACD with the current trend. So, if you are in an uptrend and then you see a bullish cross, then this is confirmation that you are likely to go higher.
The same is true in reverse.
Also, please note that the cross over happens well after the price either stabilizes or rises. Again, this is because the MACD is a lagging indicator.
Leading Indicator?
Since the MACD and Signal lines are lagging indicators is there something that can be used in a predictive way?
Some traders use the histogram as a way to predict when a reversal will occur.
Since the MACD is a momentum indicator it can show us when sell pressure is alleviating. Meaning it might be a good time to buy.
This doesn’t always work of course, but with good risk management (stop losses) you can often get into a position well before its breakout.
Conversely, it can show you when your long position is running out of steam and can warn you when to get out.
MACD Divergence
Another useful way to use the MACD is to spot divergences.
A bullish divergence, very similar to the RSI, is when the short-term price trend is going down but, the MACD is going up.
Bearish divergence, also very similar to the RSI, is when the price trend is going up but, the MACD is going down.
Trading this way is sometimes not a good idea because you are trading against the trend. Please practice good risk management if you are trading reversals.
Also, notice the buy signal right before the sell signal that is circled. I really want to hammer home the point that the signals are not automatic buys and sells.
Price action is a great way to confirm the reversal (to the up or down side) of a trend. Because simply spotting a divergence does not guarantee the price will follow.
Final thoughts
As you can see there are different ways of successfully using the MACD. I hope I’ve made a few of these ways clear in this beginner guide.
Please let me know if you have any questions and if you like it, please hit the thumbs up and be sure to follow for more.
Links to my Fibonacci Retracement and RSI guides are below.
Thanks for reading!
BTCUSD Daily Fib extensions. CCI tlb. Getting ahead of myselfHead and Shoulders target marked on chart is below the fib retracement tagged last week. 13 CCI is turning up but it may be temporary. For a real upmove, After any divergence, normally we need a retest of low, then a move of 13 CCI above -100. However, should we get a lower new low, we have to start over looking for Longsm looking first for divergence in next price/time cycle, then a retet of low, then a crossing of 13 CCI up through -100. Or, for an easier but solid Long signal, When I see 100 CCI turn and get above -100, that will be a clear signal for upmove.
This post isn't ment to be predictive, but for helping to think of just a few of many possibilities ahead, to help stay observant and nimble
LTC back on the upswing to a new ATHIt has been a rocky week for LTC as it has moved down a good 30% from reaching its ATH. This is to be expected though in the crypto markets and nothing to really worry about considering we are still in a bull market.
LTC has been trading inside a nice upward moving channel since October of last year all while mostly staying above the 50 day MA. The RSI has been making higher lows and the volume has been, on average, a lot higher since the end of March. Barring some FUD Elon tweets that could cause a temporary price dip, or a major BTC move, I see don't see a lot of reasons that LTC will not continue to rise based on the cart.
I would like to see the MACD cross above the signal line on the daily chart. This is really the only bearish sign on this chart. Perhaps even this is going to change soon because, at the time of writing, the histogram seems to have turned towards increasing.
This might not be the fasted play ever, but I think it is reasonable to say that LTC will be above its old ATH and at $450 in the next couple of weeks.
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Thank you for reading, please like, follow, and comment! And don't forget to checkout my indicator guides below. More coming soon!
Trade at your own risk.