ADA - 4hr chart updateADA Quick Update:
ADA is still in the Bearish Zone of the Ichimoku Cloud for this 4hr timeframe.
ADA is still below its 50EMA. ADA needs to eventually close above this level.
ADA is still below its Bollinger Bands Middle Band Basis 20 Period SMA. ADA needs to eventually close above this level.
ADA is in a triangle pattern and is approaching the apex so we need to keep an eye on if the breakout is upwards or downwards and if the potential breakout is on increased volume or not.
At the moment of typing this, ADA is trying to get back over its Ichimoku Cloud Leading Span A (Senkou Span A) cloud resistance.
At the moment of typing this, ADA is above its Volume Profile Visible Range VPVR Point of Control (POC) for this charts visible range.
Volume is still relatively low and you can see that the Volume Bar is below its Volume 20 period Moving Average.
The Moving Average Convergence Divergence (MACD) is indicating momentum is sideways, note that the MACD Line (Blue Line) is back above its Signal Line (Orange Line). Note that we have green histograms formed. We need the MACD Line to cross back over 0.0 for real bullish momentum for this 4hr timeframe.
The Chaikin Money Flow (CMF) is indicating that we need to be a bit weary because ADA has dropped into the Distribution Zone for this 4hr timeframe. Note that the CMF (Green Line) is at -0.01 and below its Least Squares Moving Average (LSMA) which is at 0.05. Note that this is a 4hr timeframe so this can easily change to accumulation very quickly which will happen if ADA closes above the Leading Span A (Senkou Span A) cloud resistance which would take ADA back into the Ichimoku Cloud Equilibrium Zone for this 4hr timeframe.
ADA has proven to be one of the strongest cryptos during this downtrend, but obviously we still have to keep an eye on what BTC is doing as sadly, alts still follow BTC's direction.
I hope this quick update is helpful with your trading and hodl-ing.
Cmf-lsma
BTC - Quick Daily Chart UpdateQuick BTC Daily Chart update:
BTC is still ranging sideways within its Sideways Channel.
BTC has found some resistance from its Weekly 50EMA, it is crucial that BTC closes THIS weekly candle above this level and turns it into strong support.
BTC is still below its Bollinger Bands Middle Band Basis 20 Period SMA. BTC needs to closes above this level and turn it into support.
BTC is still above its descending Pitchfork (A,B,C) Median Line.
BTC is still below its Volume Profile Visible Range VPVR Point of Control (POC) for this charts’s visible range.
Daily Volume is still relatively low and the Volume Bar is below its Volume 20 Period MA.
The Chaikin Money Flow (CMF) is indicating BTC is still being accumulated and accumulation has increased from 0,02 to 0.14, notice that the CMF (Green Line) is back above its Least Squares Moving Average (LSMA) which is at 0.10.
The Average Directional Index (ADX DI) is indicating the trend strength is sideways with the ADX (Yellow Line) at 39.29 below its 9 Period EMA (White Line) which is at 39.84. Notice that the -DI (Red Line) has dropped from around 33 to 28.52 and is pointing downwards. The +DI (Green Line) is pointing upwards at 13.16. This indicates negative momentum has dropped and positive momentum has increased on this 1D timeframe. We eventually need the +DI (Green line) to cross back ABOVE the -DI (Red Line) on this 1D timeframe.
So tonight is a crucial WEEKLY CLOSE as we ideally need BTC to CLOSE THIS WEEKLY CANDLE above the Weekly 50EMA.
I hope this is helpful with your trading and hodl-ing.
VeChain Daily Chart UpdateVeChain Daily Chart Update:
VeChain is still below its 50EMA for this daily chart. VeChain 110% needs to close a daily candle above this crucial level on the daily chart.
VeChain is still in the Bearish Zone of the Ichimoku Cloud.
The Ichimoku Cloud Base Line (Kijun Sen) is indicating mid-term momentum is sideways within a range.
The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating short-term momentum is downwards at the moment.
The Ichimoku Cloud Lagging Span (Chikou Span) is indicating momentum at the moment is sideways.
VeChain is below its Bollinger Bands Middle Band Basis 20 Period SMA. VeChain 110% needs to close a daily candle above this crucial level on the daily chart.
VeChain is above its descending Pitchfork (A,B,C) Median Line. VeChain needs to stay above this level.
VeChain is below its Volume Profile Visible Range VPVR Point of Control (POC) for this charts visible range.
VeChain is below its Volume Profile Fixed Range VPFR Point of Control (POC) for the Fixed Range i have selected.
Overall Volume is still relatively low and note that the Volume Bar is back below its Volume 20 Period MA.
The Moving Average Convergence Divergence (MACD) is still negative & showing that momentum is sideways. Notice that the Signal Line is pointing slightly downwards and the MACD Line is pointing sideways, so we may eventually see the MACD LINE (Blue Line) cross back ABOVE the Signal Line (Orange Line) for renewed upwards momentum. Notice that the Red Histogram is decreasing in size for this daily chart. We eventually need VeChain to cross back above the 0.0 level for renewed positive momentum on the daily chart.
The Average Directional Index (ADX DI) Is indicating negative momentum has dropped with the -DI (Red Line) dropping from 27.9 and is now at 23.35 but still above its positive momentum +DI (Green Line) which is sideways at 8.68. The ADX (Tellow Line) is still showing a strong downtrend withe the ADX (Yellow Line) at 35.01 still above its 9 Period EMA (White Line) which is at 31.84. We eventually need to the +DI (Green Line) to cross back above the -DI (Red Line) for renewed upwards momentum on this daily chart.
The Chaikin Money Flow (CMF) is indicating VeChain is being distributed but notice that the CMF (Green Line) has increased from -0.16 to -0.05 and that the CMF (Green Line) is above its Least Squares Moving Average (LSMA) which is at -0.11. We eventually need VeChain to cross the Zero line into the accumulation zone for renewed upwards momentum.
As always, this is not a price update but an update about what VeChain needs to do and what VeChain needs to get above and also to show what the indicators are indicating.
I hope this is helpful with your trading and hodl-ing.
ADA - 4hr chart updateQuick ADA update:
ADA is below its 50EMA for this 4hr timeframe.
ADA is below its Bollinger Bands Middle Band Basis 20 Period SMA for this 4hr timeframe.
ADA is back in the Bearish Zone of the Ichimoku Cloud for this 4hr timeframe.
ADA is below its Volume Profile Visible Range VPVR Point of Control (POC) for this charts visible range.
ADA is above its Volume Profile Fixed Range VPVR Point of Control (POC) for the range that i have selected. ADA has also found some support from this level due to the buy volume located at the POC.
The Previous 4hr volume bar was above its Volume 20 Period Moving Average but was lower than the previous so we may see volume dropping slightly.
At the moment of typing this, ADA is in a new Descending Channel. ADA needs to close a 4hr candle above the new Descending Channel and above the Bollinger Bands Middle Band Basis 20 Period SMA and turn those levels into strong support.
The Chaikin Money Flow (CMF) is showing that ADA is back in the Distribution Zone and has dropped to -0.07. At the moment the CMF (Green Line) is still above its Least Squares Moving Average (LSMA) which is at -0.11. But note that the CMF is pointing downwards and the LSMA is pointing upwards so we may see more distribution. We need the CMF (Green Line) to eventually cross back above the Zero Line into the Accumulation Zone.
The Average Directional Index (ADX DI) is indicating a strong trend with the ADX (Yellow Line) at 29.13 above its 9 Period EMA (Blue Line) which is at 25.81. The -DI (Red Line) is at 23.72 an still above its +DI (Green Line) which is at 10.72. Notice that the -DI (Red Line) has dropped and is pointing downwards and the +DI (Green Line) is starting to pointing sideways, this is an indication of weakening negative momentum and we may see a possible increase of positive momentum. We eventually need the +DI (Green Line) to cross back above the -DI (Red Line) for this 4hr timeframe.
At the moment, all cryptos are at the mercy of Binance & the market makers BTC manipulation, so we will have to see how BTC develops.
I hope this is helpful with your trading and hodl-ing.
BTC - 4hr Chart update and the importance of where the candle......closes
BTC has has said good riddance to the Bearish Descending Triangle it was in.
BTC is back in the Bullish Zone of the Ichimoku Cloud for this 4hr timeframe. Note we have had a Cloud (Kumo) Twist into a bullish green cloud for this 4hr timeframe.
BTC is back above its 50EMA for this 4hr timeframe.
BTC is back above its Bollinger Bands Middle Band Basis 20 Period SMA. Note that the Bollinger Bands Upper and Lower Bands are expanding further apart indicating increased volatility and that the price found some resistance at the upper band.
BTC is back above its Volume Profile Visible Range VPVR Point of Control (POC) for this chart set up.
I have added a Volume Profile Fixed Range VPFR and as you can see, BTC is above that Point of Control (POC).
Reason for adding the VPFR is that it gives a more clearer macro view of buyer and seller volume and where the key points are for the range that i’ve selected, whereas the VPVR gives you the amount for whatever length you have your chart set at which could be potentially misleading. Blue representing Buy Volume and Yellow representing Sell Volume.
Note that the last 6 4hr candles closed above its Volume 20 Period Moving Average.
The Average Directional Index (ADX DI) is indicating a strong trend with the ADX (Yellow Line) at 27.02 back above its 9 Period EMA (Blue Line) which is at 22.64. The +DI (Green Line) is at 32.90 and has crossed back over the -D (Red Line) which is at 10.77 indicating that positive momentum is now stronger than negative momentum for this 4hr timeframe.
The Chaikin Money Flow (CMF) is showing that BTC is back in the Accumulation Zone with the CMF (Green Line) at 0.14 and back above its Least Squares Moving Average (LSMA) which is at 0.08 indicating renewed accumulation strength for this 4hr timeframe.
As i mentioned in a few previous BTC post, a very CRUCIAL level for BTC was the Weekly 50EMA, a few traders were posting on TradingView saying that BTC was going to sub $20K, they ignored the fact that BTC would FIRST have to CLOSE this weekly candle below the weekly 50EMA, BTC did wick below it, but it did not close a weekly or a daily candle below the weekly 50EMA level. For whatever timeframe you are in, especially longterm, it is important to remember the IMPORTANCE of where the CANDLE CLOSES. Otherwise…. you’ll just be wick-ing about! :-)
As you can tell, my post are not price prediction post as there are many more experienced traders on TradingView already posting their predications, my post are more educational, showing what these various indicators & squiggly lines that i use are showing me, so I hope this is helpful with your trading and hodl-ing.
ADA - updateQuick ADA update:
ADA is in a Descending Channel. You can see the various support and resistance levels that ADA has had as resistance and support after it broke out from its previous Ascending Wedge.
ADA has found support from its 2nd upwards support line.
ADA is still in the Bearish Zone for this 4hr timeframe. Note we have had a Cloud Twist (Kumo) into a red cloud.
ADA is below its Bollinger Bands Middle Band Basis 20 Period SMA for this 4hr timeframe.
ADA is still below its 50EMA for this 4hr timeframe.
The Average Directional Index (ADX) is showing the ADX (Yellow Line) at 36.55 dropping below its 9 Period EMA (Blue Line) which is at 37.92 indicating trend strength is dropping. The -DI (Red Line) is at 24.07 still above its +DI (Green Line) which is at 12.4. Notice that the -DI (Red Line) has dipped and the +DI (Green Line) is starting to slope slightly sideways. For the longterm, we need the +DI (Green Line) to cross back above the -DI (Red Line) to indicate positive momentum has overtaken negative momentum on this 4hr timeframe.
The Chaikin Money Flow (CMF) is showing that the CMF (Green Line) is inside the Distribution Zone and at -0.16 and under its Least Squares Moving Average (LSMA) which is at -0.08. Notice that the CMF (Green Line) is now pointing upwards. For the longterm, we need the CMF (Green Line) to cross back into the Accumulation Zone fro this 4hr timeframe.
ADA is still below its Volume Profile Visible Range VPVR Point of Control (POC) for this 4hr timeframe.
ADA is still below its Volume Profile Fixed Range VPFR Point of Control (POC) for this 4hr timeframe.
Volume is still relatively low and this 4hr volume bar is below its Volume 20 Period Moving Average. It’s a good thing that these dips are happening on low volume which indicates just a short-term dip from possible profit taking or week hands.
I still believe that any dips with ADA should be used to accumulate more ADA to which you can stake your ADA to earn even more ADA. But if your trading & waiting for full bullish confirmation for this 4hr timeframe, then ADA needs to cross back above both Volume POC levels, the Bollinger Band Middle Band Basis, the Leading Span B (Senkou Span B), the 50EMA and then the Leading Span A (Senkou Span A) levels and turn these levels into strong support. For further confirmation, crossing into the Bullish Zone ideally needs to be on high volume.
I hope this is helpful with your Trading and Hodl-ing.
VeChain - a 4hr chart analysisVeChain 4hr Chart update:
VET is still in the Bearish Zone of the Ichimoku Cloud.
VET is testing the Ichimoku Cloud Leading Span B (Senkou Span B) cloud resistance. Which is also where the Bollinger Bands Middle Band Basis 20 Period SMA is located at the moment.
We need VET to eventually close a 4hr Candle within the Equilibrium Zone of the Ichimoku Cloud, above the Leading Span B (Senkou Span B) resistance.
VET is below its 50EMA. We should expect strong resistance at this 4hr 50EMA level. VET needs to close a 4hr candle above this level and turn it into strong support.
Volume has increased with the Volume Bar above its Volume 20 Period Moving Average. Hopefully VeChain can end this 4hr candle green.
VET is above its Least Squares Moving Average (LSMA) for this 4hr timeframe.
VET is above both its Volume Profile Visible Range (VPVR) Point of Control (POC) and above its Volume Profile Fixed Range (VPFR) Point of Control (POC). VET 110% needs to stay above the POC for this 4hr timeframe.
The Chaikin Money Flow (CMF) is indicating accumulation has dropped from 0.08 to 0.07 but the CMF (Green Line) is still in the accumulation zone and still above its Least Squares Moving Average (LSMA) which is at -0.04. We need the CMF store stay above the Zero Line and in the accumulation zone for this 4hr timeframe.
The Average Directional Index (ADX DI) is indicating trend strength is sideways with the ADX (Yellow Line) at 25.53 above its 9 Period EMA (White Line) which is at 22.66. The -DI (Red Line) has dropped to 24.63 but is still above its+DI (Green Line) which is at 14.54. Notice that the -DI (Red Line) is indicating negative momentum had dropped with the =DI (Green Line) indicating positive momentum has risen but is now sideways on this 4hr timeframe.
You all know how strongly i feel about the future crypto giant VeChain, so any major dips n drops should be used to DCA & acquire more VET before it does and ADA and gets over that crucial $1 mark.
I hope this is helpful with your trading and hodl-ing.
BTC - Don't get corrupted by the emotion of othersBTC Daily Chart update:
BTC is still above its WEEKLY 50EMA.
BTC is back above its Descending Pitchfork Median line.
BTC needs to turn its Bollinger Bands Middle Band 20 Period SMA into strong support.
Volume has increased and is now above its Volume 20 Period Moving Average. Hopefully BTC can close this day as a green bar.
BTC is still in a Descending Triangle so BTC needs to close a daily candle above the downwards trend-line and turn it into strong support.
I have added a Volume Profile Visible Range (VPVR), you can see the Point of Control (POC) for this charts visible range. BTC is trying to get above this POC.
I have also added a Volume Profile Fixed Range (VPFR), you can clearly see that BTC is above the Point of Control (POC) for the fixed range that I’ve selected. The VPFR gives us a more clearer, macro view of buying and selling for an actual candle fixed range.
The Chaikin Money Flow (CMF) is indicating an increase in accumulation withe the CMF (Green line) in the Accumulation Zone at 0.10. Note that the CMF (Green Line) is above its Least Squares Moving Average (LSMA) which is at 0.06.
The Average Directional index (ADX DI) is showing the ADX (yellow Line) has dipped slightly at 54.13 and is slightly still above its 9 Period EMA (White Line) which is at 54.07. The -DI (Red Line) has dropped to 28.08 and the +DI (Green Line) has risen to 11.94. Notice that the -DI (red Line) is pointing downwards and the +DI (Green Line) is pointing upwards.
An important point that I said in my previous BTC post when BTC wicked below the Weekly 50EMA was that BTC may WICK a few more times below that level, but that the real CRUCIAL thing is if BTC CLOSES THIS weekly candle BELOW the weekly 50EMA. if or until that happens, any post about BTC dropping to $20K and below is pure speculation and traders trying to convince you & the masses to join them in their short sell. Seriously its true, when BTC wicked below the Weekly 50EMA, some people on TradingView thought that this was the end, it clearly isn’t, and as I’ve said many times, if your longterm, its where the candle closes that counts not where it wicks to! Remember that BTC still has 4 1/2 days left on this weekly candle. Don’t let people make you emotional and make hasty decisions, try to study a bit of TA and FA, practice and do your own research as that is the only way to cut out the BS. Because remember, it’s your money!
I hope this is helpful with your Trading and Hodl-ing.
BTC - Crucial times ahead for Bitcoin on the weekly chartBTC - A look at the Weekly Chart:
BTC is still above it’s 50EMA on this weekly timeframe.
BTC is below its Bollinger Bands Middle Band Basis 20 Period SMA on this weekly timeframe. Note that the Lower Band has risen up indicating volatility has slowed and now brought back into equilibrium for this weekly timeframe. Note that the Bollinger Bands Upper and Lower Bands are moving sideways.
If we look at the Longterm Pitchfork Pattern (A,B,C), BTC is still above its Longterm Upwards Pitchfork Median Line.
At the moment, BTC is still below its Volume Moving Average (Orange Line) for this weekly timeframe which is a 20 Period MA. Overall volume is still low for this week.
I have added the 100EMA and 200EMA so you can see where these potential levels of support are at the moment of typing this for this weekly timeframe.
The Average Directional Index (ADX DI) is showing that the trend strength has dropped with the ADX (Yellow Line) dropping to 50.33 and its below its 9 Period EMA (White Line) which is at 58.25. The -DI (Red Line) is at 22.97 above its +DI (Green Line) 15.59. Notice however that the -DI (Red Line) is pointing downwards indicating negative momentum has also dropped. We eventually need the +DI (Green Line) to start curving upwards and eventually cross back over the -DI (Red Line) that will indicate renewed longterm positive momentum for this weekly timeframe.
The Chaikin Money Flow (CMF) is showing that accumulation has dropped massively from its high but the CMF (Green Line) is still in the Accumulation Zone at 0.03. Notice that the CMF (Green Line) is starting to curve slightly sideways. I have added a Least Squares Moving Average (LSMA) (Blue Line) to the CMF, note that the CMF (Green Line) is below its LSMA (Blue Line) which is at 0.15, a very good sign will be if the CMF curves upwards and gets back above the LSMA.
This week and next will be very crucial for BTC, if you are longterm long then you need BTC to stay above the Longterm Pitchfork Median Line and the 50EMA on this weekly chart. If BTC cannot stay above the 50EMA & Pitchfork Median Line on this weekly timeframe then BTC may drop into the Distribution Zone on the CMF for this weekly timeframe.
A very good sign to look out for is if this weekly candle and especially next week’s candle closes green with a higher high and a higher low and especially above that crucial support of the 50EMA and Pitchfork Median Line.
Here is a closer look at the Chaikin Money Flow (CMF):
Here is a closer look at the Average Directional Index (ADX DI):
I hope this is helpful with your trading or hodl-ing.
VeChain - Ascending Triangle Breakout on the 4hrVeChain 4hr Chart Update:
VeChain has broken out upwards from its Ascending Triangle.
VeChain is now in the BULLISH ZONE of the Ichimoku Cloud for this 4hr timeframe.
Notice that we have an Ichimoku Cloud Kumo Twist into a new Bullish Green Cloud for this 4hr Timeframe.
Notice how the Bollinger Bands Upper and Lower Bands are moving away from each other and the Price is Walking up the outside of the Upper Band.
VeChain is above its 50EMA and its Bollinger Bands Middle Band Basis 20 Period SMA.
VeChain is above its Volume Point of Control (POC) for this 4hr timeframe.
VeChain’s Volume has increased above its Volume Moving Average 6 4hr candle in a row.
The Chaikin Money Flow (CMF) is indicating accumulation has risen slightly to 0.11.
The Average Directional Index (ADX DI) is indicating a strong trend with the ADX (Yellow Line) at 27.6 above its 9 Period EMA (White Line) which is at 22.48. The +DI (Green Line0 is at 29.9 way above its - DI Red Line which is at 8.6. Notice that the =DI (Green Line) is pointing upwards and moving away from its -DI (Red Line) which is moving downwards.
The future looks extremely bright for this future giant of the crypto industry.
Here is a closer Look at the CMF.
Here is a closer look at the ADX DI.
I hope this is helpful with your Trading and Hodl-ing.
BTC - Bearish Symmetrical Triangle Invalidated on the 4hrA Quick BTC 4hr Chart Update:
BTC is above its Bollinger Bands Middle Band Basis which is a 20 Period SMA.
The Upper and Lower Bollinger Bands are expanding away from each other indicating upwards volatility is increasing because notice the candle testing the Upper Bollinger Band.
BTC is above its 50EMA for this 4hr timeframe.
BTC is above its Volume Point of Control (POC) for this visible range.
BTC is back above its Least Squares Moving Average (LSMA) for this 4hr timeframe.
BTC is in the Equilibrium Zone of the Ichimoku Cloud for this 4hr timeframe.
BTC is back above its descending Pitchfork Median Line.
BTC is above its Volume Point of Control (POC) for this visible range on this 4hr timeframe.
The Average Directional Index (ADX DI) is showing the ADX (Yellow Line) has crossed the 20 Threshold and is at 20.50 above its 9 Period EMA (White Line) which is at 18.05. The =DI (Green Line) is at 23.90 above its -DI (Red Line) at 11.88. Notice how the +DI (Green line) is starting to curve upwards and the -DI (red Line) is starting to turn downwards indicating increased positive momentum.
Notice that the distance between the Leading Span A (Senkou Span A) cloud support and Leading Span B (Senkou Span B) cloud resistance has narrowed. If you are waiting for full Bullish Confirmation then you would wait for the Leading Span A (Senkou Span A) to cross back above the Leading Span B Senkou Span B) cloud creating a Kumo Twist creating a new green bullish cloud.
BTC has broke out upwards from its Bearish Symmetrical Triangle for this 4hr timeframe. BTC has tested it as support and has risen upwards. This is is very good sign & has invalidated the Bearish Symmetrical Triangle on the 4hr. A very good sign will be if this Daily Candle closes above it which it looks like BTC will do.
Next port of call is the upper Green Pitchfork Resistance Line, then the Leading Span B (Senkou Span B) cloud resistance & then hopefully BTC will get in to the Bullish Zone on the 4hr timeframe very soon.
Here is a closer look at the ADX DI.
I hope this quick daily chart post is helpful with your Trading and Hodl-ing.
VeChain - A quick 4hr chart updateQuick and easy VeChain 4hr chart update:
On this 4hr timeframe, VET is above its Bollinger Bands Middle Band Basis which is a 20 period SMA.
VET is back above its 50EMA and has managed to close 2 previous 4hr candles above it and looks like it will do the same for this 3rd 4hr candle.
VET is still above its Least Squares Moving Average (LSMA) for this 4hr timeframe.
I have added just the Ichimoku Cloud (Kumo) part to show that VET is now out of the Bearish Zone and back in the Equilibrium Zone of the Ichimoku Cloud. If you are waiting for FULL Bullish Confirmation for this timeframe, then you would wait for a Kumo Twist where the Leading Span A (Senkou Span A) moves back above the Leading Span B (Senkou Span B) levels creating the start of a new green cloud.
The ADX DI is indicating that positive momentum has increased and notice that the +DI (Green Line) has crossed back above the -DI (Red Line). The +DI (Green Line) now at 19.68 & the -DI (Red Line) at 17.01. The ADX (Yellow Line) is at 17.9 and has dropped below its 9 Period EMA (White Line) which is at 20.39 indicating a weak tend at the moment.
The Chaikin Money Flow (CMF) is indicating a steady increase in accumulation with the CMF Line (Green Line) at 0.08.
VeChain is above its Volume Point of Control (POC) for this visible range.
VeChain is in an Ascending Triangle pattern so we could see another attempt at getting back above the equilibrium zone & back into the Bullish Zone for this 4hr Timeframe.
Here is a closer look at the Average Directional index (ADX DI).
Here is a closer look at the Chaikin Money Flow (CMF).
I hope this is helpful with your Trading or Hodl-ing.