An Accurate Vortex Predictor for Monthly DirectionTurns out that when you overlay the 13-Day Vortex Indicator over monthly SPX data, you get an incredibly accurate predictor of what the following month's overall direction will be after the month of a crossover.
As you can see, every month where a blue-over-red cross occurs precedes a blue (green, bull) month. Vice versa applies to months following a red-over-blue cross on the 13-Day Vortex Indicator.
I've only tested this out on SPX recent monthly data, but it seems to be somewhat uncanny so far. Curious to see if this holds using other assets and timeframes.
Whatever, it works.
- Cycpiglical Indicator
SPCFD:SPX
Centered Oscillators
Sell checks offI see a clear sell in play based off support and resistance. We can see clear rejections at 1.37000 followed by huge drops to supports as low as 1.34500 at this level.
To keep it safe I placed TPs at the next two key supports for retests.
Macd and Signal made a clear cross and heading for 0 line while RSI is looking to break support.
DXY is currently in fuel mode as we saw a second support retest at 90.00 followed by a pivot.
Please comment with thoughts and ideas. Thank you.
Huge top rejectionAfter a nice surge to top resistance we found rejection. Rejection at this level aims for bottom support.
Macd/Signal are making huge cross through zero line indicating the volume increase for sellers. RSI is set to make deep breach into oversold.
Please comment with thoughts and comments. Previous idea was buy from bottom support to top with huge success is attached. Thank you.
Long! MACD Crossing up out of overbought territoryCould see this pop more than 50% in the next few days, seems like it's building momentum.
RSI/SMA/Pitch Fork Support and Res. BTC BREAKING BEAR TREND.Historically a shift to a bear cycle in BTC is marked by a 50% drop within a 2 week period. If you actually look at this latest correction it really only measures about -27%. Thus I feel it does not warrant any closing of short term positions. I actually find this drop to be comparable to the April 2017, prior to the REAL FOMO coming in.
The chart shown here is BTC, derived from the Coinbase exchange. The beginning of the channel shown(also where the pitchfork begins) is where a parabolic shift up began(Representing an explosion of growth), this can be confirmed by an uptick in volume, as visualized by the volume SMA. The purple SMA is 100 length, which historically is also broken when a bear cycle begins. The blue SMA is 16 length. It is KEY that the 16 length SMA is broken for the Bull trend to continue.
The RSI is often said to be obsolete, clearly this isn't the case on 4hr charts. This makes sense since many day traders and swing traders use the RSI oscillator, but on the intra-day charts primarily.
Please like and share!!
Spot on price actionThese arrow levels were set to my previous XAUUSD idea that was spot on and can be seen in the attached idea.
As we can see there was a pivot around 1824.800 (which can be seen as a pivot point in attached idea). I expect a retest of 1900.
The trend in my previous idea followed the green arrows and pivoted as I mapped at top resistance to drop to this support. Based off my accuracy here I sentiment towards strong price action in play.
Technicals are set for upwards momentum with macd and signal heading towards 0 line and RSI heading further out of oversold zone.
NOTE: Arrows are set to my previous idea that is attached
Please comment with thoughts and ideas and make sure you view the previous idea attached. Thank you.
SIFY Trade alert! Bullish divergence, broken trend, retesting!Could be a play to be made if we break that 618 fib and give confirmation to the reversal.
Downtrend has been broken and trading has went sideways with lowering volume .
Id keep an eye on the volume but the MACD shows bullish divergence , and the chart represents it clear.
Bitcoin Cycle: Why you should NOT worry about today's Pullback Hello Traders! Don't forget to support with a like and a follow.
Bitcoin recently had a steep correction from $42k to $33k with heavy volume. But no need to panic, bulls. The trend is still intact. After shorting Bitcoin with tasty profits, here is why Bitcoin will recover.
Bitcoin has tested strong 2 Supports today: The bullish trendline, and an "old resistance, new support" level at $34.5k. The bears haven't successfully broken it down completely.
We can also look at history: You see, on January 4, there was a steep pullback to 28k, then the uptrend continued. The exact same thing is happening now, except that it is at a different price. Interesting. It is like some sort of new cycle that may happen for the 3rd time. I will expound on this more in the future.
The Bitcoin trendline(marked by the yellow arrow) is very strong, because of the steep pullbacks that the trendline managed to hold. We can expect the 41k resistance to be broken in the next 40 hours.
I won't sugarcoat things though: The 50-period Moving Average just got broken: but nevertheless... in the last pullback, the MA broke, but the bulls still resisted.
Thank you for reading this analysis! Don't forget to like and support.
XRPUSD: Confirmed Double Bottom, $0.80 by end of month: LONGGreetings traders! XRPUSD just broke the EMA 9 to the upside.
Besides that, we also see a confirmed double bottom in the daily timeframe and a strong divergence in momentum!
That gives us a good enough reason to buy long XRP, and may even hit $.80!
Now, let's look at the future.
I plotted a Fibonacci of the entire downtrend from 80 cents. If we can observe, the first resistance is 40 cents, a psychological number.
After retracement to the 35 cents area and the 40 cents resistance breaks, the next resistance is 55 cents.
The 55 cents resistance is a strong one in particular, because of the many times it was touched.
After retracement, we will see the price reaching 80 cents by the end of the month, and possibly beyond.
We can grab more than 200% profit if everything works well(most likely it would)
Profits, cheers!
This is presented to you by @Trader_ph, and make sure to follow me for more ideas!
Comment down below about your opinion for XRPUSD!
If we hit enough followers, I can make a website! :D
Previous Identical buy off supportLooking at an identical buy set up with support and pivot off .68900.
MACD and signal are set to cross with RSI shooting out of oversold zone. TP at first resistance with TP2 occurring only with a breach and close of .69300.
Attached is my previous idea on this pair which ended in great profit.