BTCUSDT short updatedTriangle breakout on this H1 chart volume decreasing with Chaikin Money Flow falling below zero. 38.2% Fibonacci Retracement key level to watch for retest. Big show of weakness. Big selling pressure. 14.6% Fibo target maintained in confluence on this triangle pattern. 2nd target below on AB=CD pattern in confluence with local support as we can see in my last update today.
Chaikin Oscillator (CHO)
BTCUSDT Fibonacci Retracement -188.6%Fibonacci Retracement 188.6% new intraday target. Chaikin Money Flow dives below zero. Fisher Transform H2 bearish momentum. 37/36.9k is the key level to short this currency in a top of the bearish flag (triangle) in formation. I put gasoline on this road. Pivots all based on Fibonacci ratios.
BTCUSDT monthly overviewBTCUSDT long term overview. Confluences: Show of weakness w/ Chaikin Oscillator, divergence from ATH in Awesome Oscillator and show of continuation tendence w/ Fisher Transform. Weekly condition is bearish. Head and Shoulder target in daily timeframe: pullback to neckline accomplished, TP1; Fibonacci Retracement from bear flag target is TP2. Chaikin Oscillator is near of zero below. Big SOW. Price can dump below 32,9k.
AMD Reports: Planning for Each ScenarioAMD reports after the close today and is expected to have strong revenues over last quarter. The chart patterns suggest some Pro Traders setting up ahead of the report.
The question is how far can it rise on the retail reaction to the report? Where are the sellers? See the red lines. 124 is the strongest resistance for the short-term trend, but there are potential stalling levels on the way up as well.
Earnings reactions can be a very short-lived event, so prepare to take profits when the pro traders do. They trade against retail.
Chaikin Oscillator From ScratchHi, traders!
Today we'll speak about one of the most pretty instrument of divergence detection.
The Chaikin oscillator is named for its creator Marc Chaikin.1
The oscillator measures the accumulation-distribution line of moving average convergence-divergence (MACD). To calculate the Chaikin oscillator, subtract a 10-day exponential moving average (EMA) of the accumulation-distribution line from a 3-day EMA of the accumulation-distribution line. This measures momentum predicted by oscillations around the accumulation-distribution line.
The purpose of the Chaikin oscillator is to identify underlying momentum during fluctuations in accumulation-distribution. Specifically, it applies the MACD indicator to accumulation-distribution rather than closing prices.
For example, a trader wants to determine whether a coin price is more likely to go up or to fall and MACD is trending higher. The Chaikin oscillator generates a bullish divergence when it crosses above a baseline. The baseline is called the accumulation-distribution line. A cross above that line indicates that traders are accumulating, which is typically bullish.
The Chaikin oscillator utilizes two primary buy and sell signals. First, a positive divergence is confirmed with a center-line crossover above the accumulation-distribution line, signaling a potential buying opportunity. Second, a negative divergence is confirmed with a center-line crossover below the accumulation-distribution line, signaling a potential selling opportunity.
A positive divergence signals a coin price is likely to rise, given the increase in accumulation. A negative divergence signals a coin price is likely to fall, given the increase in distribution.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
LITECOIN COULD RUN BUT BE CAREFULLTC could run here after breaking out of ascending wedge with RSI suggesting bullish continuation. Be careful as Chaikin is pointing towards a bearish divergence which could test the support.
Long term goals of $246 and $300.
Lots of fundamental news backing these targets up too.
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bull pennant formation or down trend?Chaikin and premier stochastic oscillators showing some signs of upward breakout out of the pennant. Volume profile makes sense for the pennant formation and pole.
Personally going to wait to see if price breaks through the 1.26 ish level before entry (yellow ray). other notable levels are seen with the other horizontal rays.
Bitcoin, fases lunares, RSI y Chaikin A/D OscillatorChaikin A / D Oscillator The buy signal is generated when prices reach a new low or support and this is not confirmed by a new low in the indicator, leading to a bullish divergence. And preferably, later, when the oscillator crosses the zero line upward. Crossing Zero we see this as the beginning of a bullish momentum.
Oversold RSI
Moon phases marking the paute
Abysmal Retail Sales, Bearish DivergenceBearish divergence on the Chaikin and the Fisher Transform, dangerous amount of momentum available if reality starts kicking in here. Falling volume giving an indication of uncertainty at these levels, to be expected. Be patient and watch how it behaves near the 100 VWMA. PPT is still active and will actively seek to eat shorts alive.
Retail sales sink 1.2% in December in the worst plunge in nine years
KO Earnings: Dark Pool Rotation vs. BuybacksCoca Cola has been in a major buyback mode for its stock in an attempt to move the price up. The buybacks have faced heavier than normal Dark Pool rotation (large lot selling) against the automated buyback orders. Recently the buybacks have increased, creating some interesting anomalies in the large lot indicators as well as in price patterns. Retail traders, who trade this stock heavily, are often fooled by buyback candlestick patterns. Institutional holdings has declined, which is unusual during a buyback mode.
BTCUSD 1D - Heikin Ashi, Bollinger Bands, CCIOBV & ChaikinThis is a 1D BTCUSD chart (BitStamp) using Heikin Ashi candlesticks, Bollinger Bands, EMA (9, 15, 21, 55), a custom CCIOBV indicator and a CMF indicator. Reviewing 1 month.
Heikin Ashi is another Japanese candlestick pattern and HA actually means ‘average’ in Japanese. It does just that, averaging out price movements using a weighted calculation I won’t cover here (refer to Investopedia - www.investopedia.com). Effectively what you need to understand is that it smoothes out price action by reducing noise and making key trends easier to identify. This is great for trend traders, not so great for day traders that rely on volatility and short term price action.
Over the last month, we have seen 20 red candles and 10 green, the most bullish month in a while. Price action has consolidated after the large move down in November, oscillating around 1,000k over the month and clearly consolidating around the 4000 S&R area over the last week. The most recent price action over Xmas to New Years has been bearish to neutral, which trading volume down as most are away from their screens.
Bollinger Bands, the three blue bands that ‘wrap’ around the BTC price, were developed by a guy called Bollinger. The top and bottom blue lines are simple 2 SMA away from the current price, while the line in the centre is the average of the two. The great things about this indicator is that we know, 90% of the price action will occur within these bands. And generally, if the price is at the top/bottom 20% of a band we are likely to see some price action towards the middle of that band in the near future. This is based on the simple concept that price’s oscillate around an equilibrium.
Since the violent bearish price action in November the BB have gradually contracted. This reflects the tightening range of the price action over the last month of about 1k only. Note that the BB were much tighter, or contracted in November, then they are now so we could see this market consolidate more over the next few weeks before another breakout. This is probably the most valuable concept behind BB, called the squeeze, is basically the idea that as price bands tighten, they will eventually pop with price breaking out. At this price level a hedge, either up or down, is worth placing.
Volume is one of the most reliable indicators but it is important that you understand how much wash trading is happening on most exchanges and choose to trade only on reliable exchanges (read this for more information - www.blockchaintransparency.org). The volume has declined since the 20th of December, diverging from the price action overall, and heading to levels not seen since early November (the last dump…) This is a very bearish signal IMHO, even after seasonal (Xmas etc) and factored in. Remember that weak volume goes hand in hand with weak trending (price consolidation and sideways action). For how long before another breakout is the question? IMHO Volume this low tends to indicate that it can’t be long and it the breakout could be bearish .
The CCIOBV is a custom indicator by Lazy Bear (you can get it here - ). It combines two oscillators, the CCI (Commodity Channel Index) and OBV (On Balance Volume) and it’s complex to explain but it provides very interesting information. By simply colour coding the indicators, it is easy to read this indicator. Green for bullish, red for bearish and the Signal indicator is orange. Basically if the CCIOBV is green and above the orange Signal indicator, we are in a bullish trend.
The CCIOBV key changes from red to green, vice versa, can clearly be seen by the vertical lines I have added to the chart. If I simply traded based on this indicator alone I would be a successful trader but simply buying and selling the day after the indicator changes colour and by looking at it’s relative position to the Signal line. It turned bearish on the 2nd of December and flipped bullish on the 16th, then tracked it all the way to 24th of December when it flipped bearish again until the end of the month. If you do just swing trade over several day periods, this indicator alone would make you money. Although it is bullish now, as it is sitting on the Signal line, it is not a low risk trade because the market is going sideways and we are approaching a possible breakout point. Without hedging it would be a risky trend trade IMHO.
The Chaikin Oscillator (www.investopedia.com) is my final indicator, something I am testing at the moment but still not 100% confident with. Chaikin Oscillator is an indicator of the MACD, which is an indicator of the EMA, which is an indicator of the MA, which is an indicator of price action. I won’t get into the details of how it is calculated, but will try and describe what it tries to tell us. Technical analysts believe that the balance between buyers and sellers is what drives the markets. TA use indicators to measure the balance between buyers and sellers, including accumulation/distribution indicators like the Chaikin Oscillator. When the CO crosses the zero line, that is bullish buy action, and vice versa. Standard settings are 3 and 10 day EMAs, can make the indicator less responsive with 21 and 15, for example.
The CO remained in negative territory until the 19th of December, when it switched positive. The indicator was lagging significantly compared with other indicators, but it does provide further confirmation of a change in volume. What is interesting to see since the 20th is a tightening of the CO around the zero line, indicating neither positive or negative. This sideways action may preclude a major price move.
Overall I am neutral to longer term bearish. Although we have seen some bullish candlestick action, the follow through has not been strong and volume has been declining for the last week of the month. The CCIOBV offers no clear trend, although it is short term bullish. While the Chaikin Oscillator is sitting around the zero line, we see no strong bullish volume. The longer this goes on, the more bearish I will get.
19,500 by End Aug/ Early Sept? ONLY IF...Even if my chart yesterday shows possible recovery by January 2019:
Current movement shows it may even follow my much earlier chart which indicated possible recovery as early as end of this August or early September.
Here is my OLD chart from June indicating possible recovery by end-Aug or early Sept:
This is DESPITE the current bearish sentiment after yesterday's crash.
Here is my NEW chart again (same as the main chart on this post), showing possible recovery by end-Aug or early Sept, matching my June chart:
Again, this is ONLY IF we've already seen bottom... hmmm
WAN- It's ya boi di-di-divergenceWanchain has been on a steady decline since the 2nd of May high after its listing on Huobi. After Bitcoin's last little dump (from 8.8k to 8.3k), prices have gone down and are "dangerously" approaching our end of the triangle.
Chart is self-explanatory, though: 1hr chart shows a bullish divergence in our Chaikin Oscillator, Momentum and RSI. Chaikin and Momentum are also approaching buying regions, so exciting times ahead, probably!
On the price chart, lime-coloured fib retracement is the .382 (8196) and green fib retracement is .5 (7402). Red dotted line is drawn from the 12th of April low wick to the latest low of the 11th of May.
We could potentially see another test of the trendline before the possible breakout; also be very cautious because Wanchain has shown a lot of fragility to BTC's price lately...
Other stuff to take into account:
-Volatility has been low the last few candles.
-Release of form for application as alhpanet 2.0 tester near.
-Ledger integration close to release.
-Consensus (?).
Feel free to leave your comments and thoughts on the chart and happy trading!
PD: Not professional advice, just educational :D
everyone who can't play the bullhorn get outta the band!WHAT WHAT WHAT?
I think a few people are starting to see the moon from the stars.
The Chaikin Oscillator is an indicator for the ADL/CMF.
USE IT! Chaikin is rolling in his grave right now and you did it.
get taught, fool:
IT MEASURES MOMENTUM @@ 3 TIMES SEPARATED FROM THE MOTHERF***ING PRICE!
Yo, that's a nice final form for a charting tool don't ya think?
Go on, give this guy the keys to your car and hand over your wife, coz he's the BOSS right now and if you think differently you're gunna be picking little jimmy up from soccer every second weekend from now on... If you need to know why, this little guy is known to measure the MOMENTUM of the running volume of cash flow by applying the ADL to two seriously jacked up EMAs known as Chaikin O's BOYS, that'd be Mr Right and Left hook to you though.
And they clean up.
They cleaning up this bear trap right now.
The surge is pushing high over the zero line and that's going to knock the price into that little resistance grandpa Ichimoku and shoot right through, taking his inheritance with.
That's right, let's get rich boys!
Stop selling into debt and let the Whales float you up,up,up!
thanks for listening,
this has been a Bread & Milk Broadcasting,
Milk is known to be always nice, always kind, and hopes all the best always for all.
This has been my unprofessional TA announcement.
Disclaimer: don't trust a stranger; I am not here to prove my calls, just make 'em. xx