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ADA - 1W ChartADA Longterm Weekly Chart: ADA is still above its Weekly 50EM. ADA is back above its Upper Yellow Pitchfork Resistance Line, ADA needs to close this Weekly Candle above it. ADA has found some resistance from its Bollinger Bands Middle Band Basis 20 Period SMA for this 1W timeframe. Note that the Bollinger Bands Lower Band is starting to curve upwards for this 1W timeframe. Worthy of note is that ADA never got anywhere near its Longterm Upwards Pitchfork Median Line. Note that Weekly Volume is still low and note that the Volume 20 Period Moving Average is also sloping downwards. The Moving Average Convergence Divergence (MACD) is showing that the MACD Line (Blue Line) is still in the positive zone and starting to curve sideways. Note that the MACD Line (Blue Line) is still below its Signal Line (Orange Line). Note that this week’s Red Histogram has decreased in size and has also lightened indicating a weakening of negative momentum for this 1W timeframe at the moment. The Average Directional Index (ADX DI) is indicating Positive Momentum has increased and Negative momentum has decreased. The +DI (Green Line) has risen to 20.29 and the -DI (Red Line) has dropped to 16.32. Note that the ADX (Yellow Line) is at 46.09 starting to curve slightly sideways but is still below its 9 Period EMA (White Line) that is at 56.21. Note that during this downtrend we did not have a +DI (Green line) cross back under the -DI (Red Line) on this 1W timeframe and note that the +DI (Green Line) and -DI (Red Line) are starting to move away from each other on this 1W timeframe. The Chaikin Money Flow (CMF) is indicating accumulation has increased with the CMF (Green line) rising back into the Accumulation Zone to 0.07 and crossing above its Least Squares Moving Average (LSMA) Blue Line) which is at 0.06. The CMF (Green Line) crossing back above the LSMA (Blue line) is a good sign of accumulation strength for this 1W timeframe The bigger the gap between the CMF (Green Line) when its above the LSMA (Blue Line), the better. The Relative Strength Index (RSI) is showing upwards momentum has increased with the RSI rising to 53.07 but note that the RSI (Purple Line) is still below its 9 Period EMA (Yellow Line) which is at 55.87 for this 1W timeframe. This is indicating that positive momentum still has a lot of potential to move up before reaching the Overbought Zone on this 1W timeframe. Looking at ADA on this 1W timeframe, you can clearly see that during the recent downtrend, ADA was one of the least effected cryptos and looking at this 1W chart really put it in perspective. If you are Longterm Long then closing this weekly candle ABOVE the Pitchfork Median Line and back ABOVE the Bollinger Bands Middle Band Basis 20 period SMA will be a very good sign of renewed longterm upwards strength. I hope this is helpful with your trading and hodl-ing.
BINANCE:ADAUSD
by entertheroach
BTC - daily chart updateBTC Daily Chart Update: BTC is back above its Weekly 50EMA. BTC is back above its Bollinger Bands Middle Band Basis 20 Period SMA. At the moment, BTC is above its Bollinger Bands Upper Band so we could see a re-tracement back under the Upper Band or BTC could continue walking up on the outside of the Upper Band. BTC has broken upwards from its Descending Channel and Descending Triangle. BTC is still in its Sideways Channel. BTC is back above its Volume Profile Visible Range (VPVR) Point of Control (POC) for this charts visible range that i have selected. Volume has increased & note that todays Volume Bar is above its Volume 20 Period Moving Average. The Moving Average Convergence Divergence (MACD) is showing that the MACD Line (Blue Line) has crossed back above the Zero threshold, this indicates that a 12 Period EMA has crossed back above a 26 Period EMA on this daily chart. Note that the Green Histograms are increasing in size and that the MACD Line (Blue Line) is still above its Signal Line (Orange Line) for this 1D timeframe. Note that this is the first time that the MACD Line (Blue Line) is back in the positive zone above the 0.0 level since 11th May 2021. The Average Directional Index (ADX DI) is showing that Positive Momentum has overtaken Negative Momentum with the +DI (Green Line) crossing back above the -DI (Red Line). The +DI (Green line) has risen sharply to 35.72 and the -DI (Red Line) dropping to -15.98. The ADX (Yellow Line) is at 24.27 pointing upwards but still below its 9 Period EMA (White Line) at the moment which is at 25.69. Note that this is the first time since 25th March 2021 that the +DI (Green Line) has successfully crossed back ABOVE the -DI (Red Line) for the 1D timeframe. The Chaikin money Flow (CMF) is indicating accumulation has increased with the CMF (Green Line) rising sharply to 0.14 with the CMF (Green Line) back in the Accumulation Zone and back above its Least Squares Moving Average (LSMA) (Blue Line) which is at 0.03. The Relative Strength Index (RSI) is indicating a sharp spike in upwards momentum with the RSI (Purple Line) back above its 9 Period EMA (Yellow Line). Note that the RSI still has a bit more room to move up before entering the Overbought Zone for this daily timeframe. For the longterm, we need BTC to successfully break upwards from its Sideways Channel Resistance and turn that resistance line into strong support. If BTC cannot successfully do that, then BTC with just continue ranging sideways within its massive sideways channel & possibly drop back to its Weekly 50EMA and Bollinger Bands Middle Band Basis 20 Period SMA. I hope this is helpful with your trading and hodl-ing.
BITSTAMP:BTCUSD
by entertheroach
4
BTC - Lets have a look shall weBTC 1D Chart Update: BTC is still Ranging Sideways within its Sideways Channel. Remember that Sideways Ranging is NOT done at a constant level but WITHIN a range of values. Note that BTC has failed to make any recent higher highs over the last couple of days. BTC is below its WEEKLY 50EMA. BTC HAS closed 8 Weekly Candles in a row BOVE its Weekly 50EMA. This is a VERY crucial week as BTC needs to close this weekly candle ABOVE its WEEKLY 50EMA. Failure to day so may cause further downwards momentum. BTC is still below its Bollinger Bands Middle Band Basis 20 Period SMA. Note that the Upper and Lower bands are indicating Sideways Volatility but that the Lower Band is curving slight upwards. BTC is in another potential Descending Triangle Pattern. A Descending Triangle Pattern is a potential Bearish Continuation Pattern, so if you are LONG then you need to wait for a successful breakout of the Descending Trend-Line with a successful re-test of that level as strong support. We need to keep an eye on this pattern very carefully. BTC is also in a Descending Channel Pattern. A break above the upper Resistance Line and successful retest of the resistance as support will be confirmation of a potential reversal to the upside, or failure to breakout will, be possible bearish continuation. BTC is still below its Volume Profile Visible Range (VPVR) Point of Control (POC) for this charts visible range that i have selected. Daily Volume is still low and todays Volume Bar is still below its Volume 20 Period Moving Average. Note that yesterdays Volume Bar was slightly above the Volume MA. The Moving Average Convergence Divergence (MACD) is indicating we have had the MACD Line (Blue Line) cross back under the Signal Line (Orange Line) which is a sell signal for most traders that use this indicator. Note we have negative Red Histograms forming. The Average Directional index (ADX DI) is indicating the trend strength is increasing with the ADX (Yellow Line) rising to 26.76 and getting very close to crossing back above its 9 Period EMA (White Line) which is at 27.34. Note that the -DI (Red Line) has actually dropped to 24.82 but is still way above its +DI (Green Line) which is at 12.92. This is showing me that the -DI (Red Line) which is Negative Momentum had dropped quite sharply but the +DI (Green Line) which is Positive Momentum has also dropped. The Chaikin Money Flow (CMF) is indicating a sharp rise in accumulation with the CMF (Green Line) rising from 0.05 to 0.13. note that the CMF (Green Line) is back above its Least Squares Moving Average (LSMA) (Blue Line) which is at 0.08 and tis indicates a rising strength in accumulation. The Relative Strength Index (RSI) is indicating momentum is downwards at the moment. The RSI (Purple Line) is below its 9 Period EMA (Yellow Line) indicating downwards momentum is strong. Note that the RSI (Purple Line) is getting closer to the Oversold Zone. Here is a look at the BTC Weekly Chart. Looking at this chart, you can clearly see that the Weekly 50EMA is VERY crucial level for BTC to continue to close above. This is a VERY crucial week for BTC. BTC needs to CLOSE a WEEKLY Candle back ABOVE the WEEKLY 50EMA. Even though BTC is below the WEEKLY 50EMA, BTC is still Ranging Sideways within its sideways channel. The indicators are telling me that although momentum is downwards, Trading Volume is still relatively low but BTC is still being strongly accumulated. With overall Trading Volume Low, from My perspective this indicates a lack of Big Institutional Money. Remember that Retail money does not move the market, big institutional money does. Note that it is the institutional money that is put in AFTER they have accumulated their asset of choice, that moves the market up, NOT the money used in the accumulation phase. As we’ve seen recently, the Fundamentals for BTC, ADA, VET & most cryptos are truly amazing, but the Technicals are utter crap at the moment unless you’re short selling. Looking at the way the world is going, I have no doubt that soon the technicals will match the fundamentals, in a big way. This should be a very interesting couple of days. I hope his is helpful with your trading and hold-ing.
BITSTAMP:BTCUSD
by entertheroach
3
VeChain - 1D Chart Analysis UpdateVeChain 1D Chart Update: VeChain is still below its Bollinger Bands Middle Band 20 Period SMA. Note that we have expansion of the Upper and Lower Bands indicating increased volatility but on the negative side. VeChain is still following the its Major Downwards Trend-Line and is having real trouble crossing above it. If you are long then a breakout and successful re-test of this level as support is crucial. VeChain is getting very near to its Major Upwards Longterm Trend-Line. We 110% do not want VeChain to close a Daily Candle below this level. VeChain is still on the upper side of its falling wedge pattern. I have added some support areas if VeChain breaks below its Major Longterm Upwards Trend-line. Note that the overall Volume is still low on this daily timeframe and the Volume Bar is still below its Volume 20 Period Moving Average. VeChain is still below its Volume Profile Visible Range (VPVR) Point of Control (POC) for this charts Visible Range I’ve selected. The Moving Average Convergence Divergence (MACD) is indicating trend momentum is sideways but note that it looks like we may see the MACD Line (Blue Line) cross back under the Signal Line (Orange Line) which would be a sell signal for most traders so we may see another downwards drop that would also create Red Histograms indicating sellers are in control. Note that the Green Histograms have also decreased in size indicating a weakening of buying strength. The Average Directional Index (ADX DI) is showing the downtrend has gotten stronger with the ADX (Yellow Line) rising to 28.42 and back above its 9 Period EMA (White Line) which is at 27.22. Note that the -DI (Red Line) has actually dropped sharply to 20.61 but is still below its +DI (Green line) which is at 9.25. So even though the -DI (Red Line) which is Negative momentum has dropped, the +DI (Green Line) which is Positive Momentum is still showing a big lack of upwards strength at the moment, but note it has not dropped as sharply at the -DI (Red Line). The Chaikin Money Flow (CMF) is indicating accumulation has actually increased with the CMF (Green Line) rising from -0.03 to +0.03 in the accumulation zone. Note that the CMF is back above its Least Squares Moving Average (LSMA) (Blue Line) which is at 0.00. The Relative Strength Index (RSI) is indicating momentum is downwards at the moment, The RSI (Purple Line) is below its 9 Period EMA (Yellow Line) indicating strong downwards strength. Note that the RSI is getting very near the Oversold Zone on this 1D timeframe so be on the look out for any divergence between Price and the RSI for potential reversals. From my perspective, at the moment for VeChain and the whole Crypto Market, overall traded Volume is still low indicating a possible lack of big institutional money. Remember that retail money doesn’t move the market, big institutional money does. Note that it is the institutional money that is put in after they have accumulated their assets that moves the market up, not in the accumulation phase. If VeChain breaks downwards through its Major Upwards Support Line and closes a daily candle below it, then there is a possibility VeChain may drop to $0.035. Note that even though Volume is Low, crypto assets are still being accumulated. If you are waiting to go long on VeChain but need confirmation, then a breakout of the Major Downwards Trend-Line and a successful re-test of it as support is what you will need to wait for. After that, another is a breakout and support test of the Bollinger Bands Middle Band Basis 20 Period SMA. If you are Dollar Cost Averaging (DCA) & if VeChain breaks downwards through its Major Longterm Upwards Trend-Line, then there could be really good opportunities to acquire more VeChain at a cheaper price. The Falling Wedge could indicate that we are coming to end of this downwards pressure but we could see a re-test of $0.058 before a potential breakout, but remember that we are at the mercy of BTC so we have to keep an eye on what Bitcoin is doing as any new potential drop with BTC will effect all alts as well. I hope this is helpful with your Trading and Hodl-ing.
BINANCE:VETUSD
by entertheroach
4
ADA - Lets look at the weeklyADA a look at the Longterm weekly chart ADA is back above its Bollinger Bands Middle Band Basis 20 Period SMA on this 1W timeframe. Note that the Lower Band has fully contracted upwards & the direction of the Upper and Lower Bands is now sideways for this 1W timeframe. ADA is well above its 50EMA for this 1W timeframe. ADA is still safely above its Pitchfork (A,B,C) Median Line. Worthy of note is the fact that ADA has NOT closed a Weekly Candle Below its Upper Yellow Pitchfork Support Line for 21 weeks in a row. Notice that Volume is still relatively low for this 1W timeframe with the Volume Bar still below its Volume 20 Period Moving Average. Note that the Volume MA is also dropping because of the drop in weekly volume. The Moving Average Convergence Divergence (MACD) is showing the MACD Line (Blue Line) is still below the Signal Line (Orange Line) and has created 4 Red Histograms so far. Note that the MACD is a momentum and trend indicator so the MACD level can drop with prolonged sideways momentum as we are seeing here. Note that the MACD Line (Blue Line) is still in in the positive zone above the 0.0 Base Line. We do not want the MACD Line to cross under the 0.0 Base Level on this 1W timeframe. If it did do that, it would mean a 12 Period EMA has crossed under a 26 Period EMA on the 1W timeframe which we absolutely do not want to happen, unless your short-selling. The Average Directional Index (ADX DI) is showing the trend strength has dropped with the ADX (Yellow Line) at 55.56 below its 9 Period EMA (White Line) which is at 63.45. The +DI (Green Line) is at 20.39 and still above its -DI (Red Line) which is at 13.91. Note that the +DI (Green Line) and -DI (Red Line) is showing overall positive and negative momentum is sideways with a slight slope to the downside. This is showing me that Positive Momentum is still stronger than Negative Momentum on the 1W timeframe. The Chaikin Money Flow (CMF) is showing that accumulation has dropped with the CMF Line (Green Line) at 0.06 still in the accumulation zone but under its Least Squares Moving Average (LSMA) (Blue Line) which is at 0.14. We do not want the CMF (Green Line) to cross over into the Distribution Zone on the 1W timeframe. The Relative Strength Index (RSI) is indicating momentum is downwards at the moment so i would say “sideways within a range”. Note the RSI (Purple Line) is showing upwards weakness by being below its 9 Period EMA (Yellow Line). Looking at the Ichimoku cloud for this 1W timeframe: ADA is still in the Bullish Zone of the Ichimoku Cloud. ADA is still above its Base Line (Kijun Sen). The Conversion Line (Tenkan Sen) is indicating the mid point of the short-term momentum is upwards. The Base Line (Kijun Sen) is indicating the mid point of the mid-term momentum is sideways. The Lagging Span (Chikou Span) is indicating momentum has a light slope downwards so more like sideways within a range. Note that the Cloud (Kumo) is still Bullish Green for this 1W timeframe. Settings used for the Ichimoku Cloud = 20, 60, 120, 30. So during this downtrend, can ADA drop more…… well yeh of course it’s always a possibility especially if BTC takes another nose dive. But as we have seen during this downtrend, ADA has shown superior recovery strength when compared to most other major crypto assets. With the advent of smart contracts on the horizon and the future prospects of the various Africa deals finally being put in motion, from my perspective, even if you are a BTC or Ethereum maxi, it shouldn’t really matter, so ADA should be in everyones longterm portfolio. Also, if your not actually trading ADA, then just stake it for an easy monthly passive income. From my perspective, the future look extremely bright for ADA. Don’t know why I decided to do this mammoth post, but here it is, so I hope this is helpful with your trading and hold-ing. :-)
BINANCE:ADAUSDLong
by entertheroach
5
A look at the BTC daily chartA look at the BTC daily chart: At the moment of typing this, BTC is still above its WEEKLY 50EMA. During this period of sideways ranging, BTC has yet to close a WEEKLY candle BELOW the WEEKLY 50EMA. Note that the 50MA is potentially starting to curve sideways. At the moment of typing this, BTC is below its Bollinger Bands Middle Band Basis 20 Period SMA. Note that the Upper Band is pointing downwards and the Lower Band is pointing upwards. At the moment of typing this, BTC is just below its Volume Profile Visible Range (VPVR) Point of Control (POC) for this charts visible range. Volume is still relatively low for this 1D timeframe and note that the Volume Bar is still below its Volume 20 period Moving Average. The Moving Average Convergence Divergence (MACD) is showing that the MACD Line (Blue Line) is still above the Signal Line (Orange Line) and is starting to curve sideways creating lighter green Histograms showing a weakening of upwards momentum. If you are waiting for full bullish positive confirmation on the MACD then you would wait until the MACD Line (Blue Line) crosses back above the 0.0 Base Line level, this indicates that a 12 Period EMA has crossed back above a 26 Period EMA on this daily chart. The Average Directional Index (ADX DI) is indicating the trend strength is weakening with the ADX (Yellow Line) dropping to 28.38 & below its 9 Period EMA (White Line) which is at 32.43. The -DI (Red Line) has dropped to 24.41 but is still above its +DI (Green Line) which is at 17.69. If you are waiting for positive confirmation on this indicator then you need the +DI (Green Line) to cross back above the -DI (Red Line) and for the ADX (Yellow Line) to stay above 20 and cross back above its 9 Period EMA (White Line) The Chaikin Money Flow (CMF) is indicating that BTC is still in the accumulation zone, note that the CMF Line (Green Line) has risen from 0.01 to 0.04 and note that the CMF Line (Green Line) looks like its may cross back above its Least Squares Moving Average (LSMA) (Blue Line) which is at 0.04. If BTC drops downwards into the distribution zone, its needs to rebound quickly to avoid longterm distribution. The Relative Strength Index (RSI) is indicating sideways momentum at the moment. Note that the RSI (Purple Line) is showing weakness by being below its 9 Period EMA (Yellow Line). As you can see from this chart, the Weekly 50EMA level is now being tested quite a lot on this daily chart. As stated many times, the WEEKLY 50EMA is a very, very crucial level for BTC to keep closing WEEKLY candles above. So long as BTC keeps closing WEEKLY candles above the WEEKLY 50EMA, then all we will see is sideways ranging until the powers that be, decide that the direction of least resistance is upwards. If BTC does close a WEEKLY candle below the WEEKLY 50EMA then there is a possibility that the powers that be, have decided that the direction of least resistance is downwards. I hope this is helpful with your trading and hodl-ing.
BITSTAMP:BTCUSD
by entertheroach
1
VeChain - Accumulate itQuick VeChain update: We are seeing sideways ranging with VeChain on this 1D timeframe. VeChain is still below its Bollinger Bands Middle Band Basis 20 Period SMA for this 1D timeframe. We need to turn this level into strong support. VeChain is still below its 50EMA for this 1D timeframe. We need to eventually cross this level and turn it into strong support. VeChain is still above its Least Squares Moving Average (LSMA) for this 1D timeframe. Note that when the price crosses above the LSMA, it is positive and was a potential buy signal. Volume is still relatively low for this 1D timeframe. Note that the Volume Bar is below its Volume 20 Period Moving Average. VeChain is still below its Volume Profile Visible Range (VPVR) Point of Control (POC) for this charts visable range. The Moving Average Convergence Divergence (MACD) is indicating momentum is still upwards and the MACD Line (Blue Line) is still above the Signal Line (Orange Line). Note that the Green Histograms has lightened indicating a slight weakening of upwards momentum. A crucial point on the VeChain 1D timeframe will be when then MACD Line (Blue Line) crosses back over the 0.0 line into the positive zone. The Chaikin Money Flow (CMF) is indicating VeChain is in distribution for this 1D timeframe with the CMF Line (Green Line) in the Distribution Zone at -0.04. The CMF is still slightly above its Least Squares Moving Average (LSMA) which is at -0.06. Note that the CMF (Green Line) is starting to point upwards. The question is, is VeChain in a Falling Wedge, a Symmetrical Triangle, a Descending Triangle or All or None of the above on this 1D timeframe. Note the Horizontal Support Line has been tested on 5 separate days and that was our resistance of our previous Ascending Triangle. Ideally, any positive breakout must be on increased volume. The way i see it, we only have a few more weeks “possibly 4-6 for BTC” of continued consolidation within a range before the market makers decide that the path of least resistance is upwards which affects all cryptos. But who knows, it may be sooner. Even if VET dips more, now is the time to buy. What is the point of waiting to accumulate a crypto after if its done a +50% rise? You’ll just end up buying at the top again. So accumulate, accumulate, accumulate VeChain before the next rise……. As well as ADA. I hope this is helpful with your trading and hodl-ing.
BINANCE:VETUSDLong
by entertheroach
11
ADA - Ascending TriangleADA 4hr Chart update: ADA is in the Ichimoku Cloud Equilibrium Zone for this 4hr timeframe. ADA has found some resistance from its Ichimoku Cloud Leading Span B (Senkou Span B) cloud resistance. ADA needs to cross over turn this level into strong support for this 4hr timeframe. ADA is below its Bollinger Bands Middle Band Basis 20 Period SMA for this 4hr timeframe. ADA needs to turn this level into strong support. ADA is below its Volume Profile Visible Range VPVR Point of Control (POC) for this charts visible range. ADA is below its Volume Profile Fixed Range VPFR Point of Control (POC) for the range i have selected. Note that Volume is low for this 4hr period and the Volume Bar is below its Volume 20 Period Moving Average. The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating that the mid point of the short-term momentum is sideways at the moment. The Ichimoku Cloud Base Line (Kijun Sen) is indicating the mid point of the mid-term momentum is sideways. The Ichimoku Cloud Lagging Span (Chikou Span) is indicating momentum is downwards at the moment. Note that the Lagging Span (Chikou Span) is still above the price from 30 Periods ago. ADA is in an Ascending Triangle Pattern (Dashed Line). If any potential breakout happens to the positive side then we need that breakout to be on strong volume and the Triangle resistance turned into support. The Moving Average Convergence Divergence MACD is indicating that the MACD Line (Blue Line) has crossed back under the Signal Line (Orange Line) which is a potential sell signal and has created a new red histogram. Note that the MACD Line is still in the positive zone above 0.0. The Chaikin Money Flow (CMF) is showing that accumulation has dropped to 0.03 and note that the CMF (Green Line) is below its Least Squares Moving Average (LSMA) which is at 0.09. Note that the CMF is still in the Accumulation Zone. If the Bollinger Bands Middle Band Basis and Conversion Line (Tenkan Sen) cannot be turned into support then we may see another drop for ADA to the Ascending Triangle Upwards Trend-Line (Upwards Dashed Line), in which case there should be some good opportunities to acquire more ADA at slightly lower price if you are Dollar Cost Averaging (DCA). If you are waiting for full bullish confirmation on this 4hr timeframe to buy more ADA, a good sign will be when the Leading Span A (Senkou Span A) crosses back over the Leading Span B (Senkou Span B) creating a Cloud (Kumo) Twist into a new Green Bullish Cloud. I hope this is helpful with your Trading and Hodl-ing.
BINANCE:ADAUSDLong
by entertheroach
BTC - 4hr Chart UpdateBTC 4hr update: BTC is above its Bollinger Bands Middle Band Basis 20 Period SMA. BTC is above its Volume Profile Visible Range VPVR Point of Control (POC) for this charts visible range. BTC is above its Volume Profile Fixed Range VPFR Point of Control (POC) for the fixed range i have selected. Volume is relatively Low for this 4hr Volume Bar & the Volume Bar is below its Volume 20 Period Moving Average (Orange Line) so we may see a drop back to the VPFR POC. BTC is above its Schiff Pitchfork (A,B,C) Median Line. BTC is still within its huge sideways channel (Parallel White Lines). The Moving Average Convergence Divergence (MACD) is indicating theta the MACD Line (Blue Line) has crossed back above the 0.0 level indicating that a 12 Period EMA has crossed back over a 26 Period EMA on this 4hr chart indicating bullish momentum for this 4hr timeframe. Note that the green Histogram has lightened indicating a weakening of bullish momentum at the moment. The Average Directional Index (ADX DI) is showing that the +DI (Green Line) is at 21.94 and has crossed back above the -DI (Red Line) which is at 12.12. This indicates that positive momentum is now stronger then negative momentum for this 4hr timeframe. The Trend is a strong positive trend with the ADX (Yellow Line) is at 21.86 above the 20 Threshold (Dashed Line) and above its 9 Period EMA (White Line) which is at 20.37. The Chaikin Money Flow (CMF) is indicating strong accumulation with the CMF (Green Line) reaching 0.37 but now dropping to 0.29 on this 4hr chart. Notice that the CMF (Green Line) has dropped back under its Least Squares Moving Average (LSMA) which is at 0.34 so we may see a lessening of upwards pressure before the next leg up. When someone tweets, burps or farts “BTC will drop to sub $20K”, you have to ask yourself, is that a possibility? The answer is “yes” but rather then sh*t your pants, you have to set levels which will be a form of confirmation to you that such a drop might happen. My confirmation was the WEEKLY 50EMA. Remember that i stated many times before, “so long as BTC keeps closing WEEKLY candles ABOVE the WEEKLY 50EMA, then sub $20K will not happen”. Now, there is always a possibly an asset can produce a very big Wick upwards or downwards, but REMEMBER, its where the candle CLOSES that counts. and BTC never closed a WEEKLY candle BELOW the WEEKLY 50EMA. And that’s that. I hope this is helpful with your trading and hodl-ing.
BITSTAMP:BTCUSDLong
by entertheroach
4
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.
BINANCE:ADAUSD
by entertheroach
5
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.
BITSTAMP:BTCUSD
by entertheroach
3
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.
BINANCE:VETUSD
by entertheroach
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.
BINANCE:ADAUSD
by entertheroach
1
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.
BITSTAMP:BTCUSDLong
by entertheroach
3
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.
Editors' picks
BINANCE:ADAUSD
by entertheroach
16
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.
BINANCE:VETUSD
by entertheroach
4
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.
BITSTAMP:BTCUSD
by entertheroach
4
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.
BITSTAMP:BTCUSD
by entertheroach
2
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.
BINANCE:VETUSDLong
by entertheroach
4
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.
BITSTAMP:BTCUSDLong
by entertheroach
3
ADA - Quick 4hr chart updateQuick ADA 4hr chart update: ADA is back in the Bullish Zone of the Ichimoku Cloud. ADA is above its Volume Point of Control (POC) for this visible range. The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating short-term momentum is sideways. The Ichimoku Cloud Base Line (Kijun Sen) is indicating mid-term momentum is upwards. The Ichimoku Cloud Lagging Span (Chimkou Span) is indicating momentum is sideways with a slight slope downwards but be aware that it is a fast reaction indicator. The Ichimoku Cloud Leading Span A (Senkou Span A) is moving upwards indicating we may get a Kum1 Twist where the Leading Span A (Senkou Span A) crosses back above the Leading Span B (Senkou Span B) creating a new green cloud which indicates bullish confirmation. The Chaikin Money Flow (CMF) is indicating accumulation has risen with the CMF Line at 0.11. ADA is in a Schiff Pitchfork Pattern (A,B,C), ADA has attempted to get back above the Schiff Pitchfork Median Line and has found support from the Leading Span B (Senkou Span B) cloud support so we may see another attempt at getting above the Schiff Pitchfork Median Line. During the last few weeks, ADA has proven to be very resilient and also recovered from the dip way faster then most other cryptos. I hope this is helpful with your trading and hodl-ing.
BINANCE:ADAUSDLong
by entertheroach
7
BTC - Quick UpdateQuick and easy BTC 4hr chart update: On this 4hr timeframe, BTC is above its Bollinger Bands Middle Band Basis which is a 20 period SMA. BTC has found resistance from its 50EMA. BTC needs to close a 4hr candle above this crucial level. BTC is back above its Least Squares Moving Average (LSMA) for this 4hr timeframe. If we look at the descending Pitchfork (A,B,C), BTC is still below the Pitchfork Median Line. BTC needs to close a 4hr candle above this crucial level. The ADX DI is indicating that negative momentum has dropped with the -DI (Red Line) at 20.22 and the positive momentum has risen with the +DI (Green Line) now at 16.65. The ADX (Yellow Line) is at 22.76 and has dropped below its 9 Period EMA (White Line) which is at 24.09. The Chaikin Money Flow (CMF) is indicating that there has been a sharp increase in accumulation with the CMF Line (Green Line) at 0.12. BTC is in a Symmetrical Triangle on this 4hr timeframe. Symmetrical Triangles are mostly continuation patterns, the preceding movement before the Triangle was Bearish, that means there is a strong possibility of this triangle becoming a Bearish Continuation Symmetrical Triangle. It is not set in stone because there are other factors at play here, if BTC stays above the Bollinger Bands Middle Band Basis & manages to close a 4hr candle back above the 50EMA and turn the 50EMA into strong support then we may see another attempt at getting above the descending Pitchfork Median Line and back above the upper Symmetrical Triangle Trend Line which would invalidate the Bearish Continuation Symmetrical Triangle. A look at the Chaikin Money Flow (CMF) A look at the Average Directional Index (ADX DI) I hope this is helpful with your Trading or Hodl-ing.
BITSTAMP:BTCUSD
by entertheroach
2
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.
BINANCE:VETUSDLong
by entertheroach
4