Wait for the signBTC falls big. I jumped into buying before my signal actually signaled. (Coppock crossing its SMA).
Why? FOMO took over (miss the big rally). Lesson: during big turmoils WAIT for the signal.
Coppock Curve
BTC 15 000 or 12 000The 4h chart and the 1d chart of BTC (RSI, Coppock, OBV, DMI, TSI and Aroon, MACD) show somewhat different outcome for BTC:
- based on the 4h it is possible that 15k was/is the bottom for BTC and DI+ times are coming,
- however based on the 1d, there is strong chance for further down to 12k or a long consolidation period.
The charts shows the 12k scenario: Coppock goes close to zeroish, RSI goes down to 30, MA42 stops the downtrend. (Yet, if I take the weekly DMI than there is ~20% chance that BTC might break that line and may go down further...)
Since BTC has had a superlong and superstrong DI+ period for a month, I would say 12k is likely, yet the superincreased OBV and hype might stop it at 15k now....I have no idea.
But, there is bigger concern for me: I have problem understanding that since Dec, BTC-LTC-ETH 1w correlation is 0,9, which is hyper-high, from this perspective these coins are "one", which is super-unhealthy, I think. Why are they so super-correlated? Will it remain that way? Ideas? Why people panicking about LTC/ETH when BTC falls? (The conversion only shall not explain this 0.9, there are not interconnected system in real life, but in the exchange they are. Why?)
GAME ready to rallyGAME might be ready? (CCI, MACD, RSI seems OK, ES, Coppock passed - to +, Resistance zone just passed, Support is quite close, right below.) However, if it rallies, I have no idea how high, 3USD maybe. Ideas?
This is NOT a trading advice, always use stops and try to avoid FOMO!
LTCUSDAlbeit my previous prediction was wrong, based on basic indicators (CCI, RSI, MACD and Coppock), I still think that LTC is likely to fall back...
However due to the slight increase, my tactics also slightly changed:
- week ago my tactics were: entry level ~64, stop sell ~41, exit 1/2 ~91,
- by today, it is changed to entry level ~67, stop sell ~56, exit 1/2 ~97.
(And yes, LTC is highly influenced by BTC.)
FYI: this is NOT a trading advice, just my biased tactics: always use stops and avoid FOMO! (especially nowadays).
LSK Coppock crossed - to +LSK Coppock (1D, 10, 14, 11) curve crossed from negative territory to positive, which might mean that it turns to bullish.
My tactics: buy in (now) @8.2 -> -10% stop loss sell, profit sell 1/2 @ 9.2, 1/2 at 10.4.
This is NOT a trading advice, just a biased idea, tactics! Always use stops, calculate risks and try to avoid FOMO! (Especially nowadays!)
BTC 1W standard Coppock2017 1W Coppock (standard) value is @259 (highest in 2017) --> I believe within weeks (probably before Futures) BTC shall correct.
XRP - Coppock indicatorBased on Coppock indicator and regression, I think, XRP's Coppock indicator might really hit bellow zero and turn back within/around 10-15 days and that might be a good entry point (with stop sell as always).
Current Coppock indicator for XRP is ~1,5 (15mins, 100+e) and using time series linear regression , if it continues to fall than 10-15 day might be the next turning point for Coppock indicator, which might mean that after that within 27-36 day XRPUSD might hit 0.295.
www.tradingview.com
Earnings playThe Coppock curve has been broadening in the last few weeks - this could be showing a potential swing trade. Also, the stock has a 50 MA resistance which could be a defining moment if the earnings report is a beat. Furthermore, the stock has not really shown any chart pattern in the last few months, but the volume has been decreasing ever since the stock jumped. So, I have decided to hedge this trade.
Tesla Head and ShouldersTesla has produced a head and shoulders pattern. It has not yet broken out of that pattern but today is earning report- so maybe the opportunity is rising to profit tremendously. The volume has been in a decreasing trend ever since the last earnings report, so I accept a large breakout. Also, the coppock curve has been in a decreasing trend line for a while. I have put the buy order and the sell order at 3.00% take-profit, to cover any potential rebound in the short term.
Earnings cup and handle patternTRI has provided a cup and handle pattern - and is currently in a short term flag. The coppock curve has been decreasing with the flag. Long order is till the open of the flag. Short is opening below 25 MA. Also, the volume is decreasing with the flag at a angle of 35 degrees - showing a potential large breakout.
Additional down indication for AALHistorically when the Coppock Curve reaches this level, the stock drops an average of 12.9% over the next few weeks. There is no clear bottom based on the current trends, but my conservative drop is to at least 42.50. The bottom could very likely be in the low 30s. The key to a drop below 42.50 could be around the earnings release.
Visa pointing up soonHistorically when the coppock curve reaches this level the stock gains a an average of 5.11% over the next few weeks. Because Visa has had 4 consecutive days of solid gains, it may drop over the next 1-2 trading days. Buying the dip would be a great options play. The pink zone is the target area for the price to reach. My conservative play is a move to at least 83.70 which has been a frequent area of resistance.
When it rains it pours on BXHistorically when the coppock curve reaches this level the stock drops at least 1% over the next few weeks with an average drop of more than 11%. I am looking at two levels over that time but also monitoring two timeframes for a significant loss to take place.
My conservative drop is around 25.81 where the stock floated multiple times since the election. This would only be a 4.53%, but conservatively most likely to be a sure thing.
The other play is near the bottom of the trendchannel. BX has dropped from the top of the channel to the bottom twice this year. The first occurred over 11 trading days and the second occurred over 53 trading days. Since BX is already beyond that 11 day point, I marked out 23 days (roughly half of 53) and 53 trading days. If the bottom of the channel is hit, it could happen within one of these timeframes.
A perfect storm of levels are pointing at January 17 (23 days from the top of the trend channel) and January 18 (roughly 10% drop from January 2). The 10 percent drop is a more conservative figure than the average 11.56% decline.
FB pennant ending soonFB is currently forming a pennant and the apex is around the first week in February. Most likely the pennant will break down from its current level, or bounce and break up.
First things first, FB is going down. Historically when the Coppock Curve reaches its current level, the stock drops an average of 7.78% with a minimum move around 0.75%. My conservative take is a slight drop over the next few weeks to at least 115.60. If this is the breakout for the pennant the move could be much lower putting a 7% drop in play.
More bad news for LVSA fourth indicator of a drop is based on historical levels for the Coppock Curve. LVS drops on average 11.05% when the Coppock Curve reaches its current mark. My conservative play at this point is a drop to the psychological 49.50 mark. This would bring in around 9% for the stock, but could bring in well over 75% on a properly placed PUT option.
A quick up...and then drop for MDLZ?Historically when the coppock curve reaches this level the stock moves up an average of 4.93%. While I am tracking another indicator pointing down, both can happen. My conservative call is a move around the top of the wedge/trendline (white) and then a possible drop. A well placed call could fetch around 15-20% in a matter of days.
NXTD Coppock Curve Turned Upwards with Bullish Heikin-Ashi ColorWhen the Coppock Curve turns around this is a good sign the chart is reversing direction. Combining this with the TrendBars indicator which add Heikin-Ashi colors to the candlesticks, both indicate a bullish direction. This is still true, even while the chart had wild premarket buying and resultant selling off during regular market open times today. The chart is providing a bargain for traders and investors currently.
