SPN Long MACD Oscillator Superior Energy Services Long NYSE:SPN
MACD Oscillator .
Will go long at when MACD Oscillator crosses up most likely around the price $9.19 and limit order set for 3% above that price where MACD Oscillator will most likely cross back down.
15 Minute Chart Used for Superior Energy Services
Cross
BTC forming a very standard bull flag on the 1 day chartWe can see on the 1 day chart so far the pattern appears to be a very run-of-the-mill bull flag. However the pole on this flag is immense and if we do indeed break upward the momentum could take us back above the 1day 200ma(in blue) and up to the 7.2k region. Currently we can see the 50ma(in orange) has taken a slight downward trajectory, while the 200ma has started going sideways making our current chances of a golden cross at this trajectory not possible anytime soon with out an enormous bull surge in price action. Hopefully we will get one of those before year's end. Either way probability favors a break upward but we will have to wait and see what this bull flag wants to do before we can figure out which way its headed it could throw a few fakeouts along the way and even morph into a descending, ascending, or symmetrical pennant as the days progress. With such a long pole though it can continue sideways for quite some time as well before making its decision. Have patience and wait for a clear breakout that is backed by a surge in volume one way or the other. Good luck and thanks for reading! **not financial advice**
Bitcoin Daily Update (day 230)I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business.
I recently posted Bitcoin Bubble Comparison - 3 Day Chart . It provided new dates and prices for the bottom, however it’s still slightly too early to abandon my predictions from the previous Bitcoin Bubble Comparison ]Bitcoin Bubble Comparison: 1 day - 5 days = < $5,750 | bottom prediction: $2,860 by 10/30 | Calling for $35 ETH around the same time
Previous analysis / position: “If we breakdown $6,370 then it would confirm the bearish harami as well as the hanging man. If that were to happen I will be prepared with a small stop order set to short $6,369.” / Short USDT:USD’ from 0.968
Patterns: Descending triangle / bearish harami
Horizontal support and resistance: S: $6,410 | R: $6,454
BTCUSDSHORTS: Really started to look like they will break out of the triangle to the upside. Once volatility picks up so will volume and we should see unprecedented levels of short sellers.
Funding Rates: Longs pay shorts 0.01%
Short term trend (4 day MA): Bullish (price above MA)
Medium term trend (4 week MA | 2 & 32 day MA’s): Bearish | Bearish
Long term trend ( 32 Week | 50 & 128 day): Bearish | Bearish
Overall trend: If daily closes below $6,438 then all will be bearish
Volume: Surprised volatility didn’t continue after the volume spike on the 15th. Now we are back to painfully low levels.
FIB’s: 0.618 = $6,530 | 0.5 = $6,441 | 0.382 = $6,351
Candlestick analysis: Harami inside a harami. Can we get a 3rd matryoshka doll?
Ichimoku Cloud: 4h cloud acting as strong support at $6,424
TD’ Sequential: Weekly red 2 will fall below a red 1 at $6,086. Placing a stop order there could be a good idea
Visible Range: Gap in volume from $6,246 to $6,371 with 5 day look back
Price action: 24h: -0.1% | 2w: +/- 0 | 1m: +2.95%
Bollinger Bands: Daily MA acting as strong resistance
Trendline: Top of descending triangle ~/= $6,725
Daily Trend: Chop
Fractals: Up: $6,792 | Down: $6,057
RSI: Hanging around 50 on most TF’s. 4h is a little overbought
Stoch: Recrossing bearish on 12h, going for retest on daily after creating higher high
Summary: I am closely watching the red trendline on the USDT:USD’ 1 hour chart as well as prior historical support at 0.9642. As long as it stay below those areas then I do not feel very comfortable about holding a short on BTC’ or ETH’.
Furthermore I am strongly expecting the lower wick from October 15th’s candle to get re explored, similar to what followed October 2nd’s candle.
If it has another selloff then BTC’ and other cryptos should get another pump. If it stablizes then I will feel comfortable going back to my normal approach of 99% TA
Nevertheless, trading is about risk reward and properly managing positions. If the r:r is tilted too much in my favor then I will open a large position regardless of what is happening with Tether and I will use a market stop loss if need be.
I posted a chart earlier with a $35 target for ETH:USD and that is a prime example of something that is too favorable to pass up. In the mean time there is an incoming death cross on the 3D chart with the 50 and 200 MA’s. The first close below the 200 MA is what led to my most recent Bitcoin Bubble Comparison . Only other time this happened was in October of 2014.
AUDCHF signal pops up. my 4H trend system pops up yesterday, so i entered @0.7438, sl i set at 0.7010.
In my opinion, CHF will be more valuable because of USDCHF;
AUD will eventually more valuable based on fundamental analysis, so i also bought AUDUSD as well.
thanks, i trade all ideas on live.
Xrapid live! 2 bullish long targets + golden cross symmetryWith the Garlinghouse announcement at SWELL that Xrapid is now live, the probability of this ascending bull pennant breaking up just increased tenfold. The breakup target from the pennant is the first green target the second is the target from the breakup of the old weekly descending triangle pattern we already broke out of. One thing in particular to take note of is the current trajectory of the 50ma and 200ma (in blue and orange) and how they symmetrically match the ascending triangle pennant but also the apex of the pennant is set to occur at precisely the same time as the golden cross of those 2 moving averages. Because of this I think the golden cross can likely occur at the same time we break out upward from the current ascending triangle. We will likely break upward from it sooner than the apex with the current bullish news, but if not I foresee us breaking upward by October 17th. From there we may see a retracement once the first target is hit, or we may just have a parabolic rise all the way to the second target...I would prefer a healthy correction between the 2 targets though to sustain the gains. If we just go parabolic the whole way we may experience a big dip to follow. So lets hope for a steady non parabolic moon.
Rare analysis on LTC/ETH pairing; 1day C&H + Golden Cross We can see here on the 1 day chart of the ltc/eth pairing that we have a golden cross and an obvious cup and handle set up. Probability favors a bullish break upward above the rimline but you want to wait for 2 consecutive 1 day candles above the rimline to confirm the break because a fakeout is always a possibility even with a golden cross...if we break upward I have posted the expected price target here in the green box. The question is if the breakout does occur will LTC make its gains on ETH by ltc going up or eth going down
Golden Cross on 4hr chrt as XRP clears 200ma on 1 day chartNow that we have hit over 50 cents and for a brief few hours xrp became number 2 over ethereum by market cap it is consolidation time....this is very healthy as both the 1 day and 4 hr charts were very overbought and we want xrp to sustain this price range and not just experience a pump and dump...SHown here is the 4hr chart to illustrate the 4 hour golden cross but on the 1 day chart the price action is also well above the 1 day 200ma now which if it can sustain these price points can and it just starts ceating bull flags that it breaks up from which judging by the weekly descending triangle pattern we busted up from it likely will then we should see a golden cross on the day chart before too long as well..hopefully by early october...a 1 day chart golden cross would be a mega bullish sign...and I'm still hopefull that we can climb back above $1 an even $2 within the next month or so....of course keep an eye ot for any bearish chart patterns to start forming to avoid any dumps that could occur with parabolic pumps....this one fortunately has decided to take a breather which means its price is more sustainable than if it had just continued to skyrocket.
Inv H&S Breakout confirmed but may not surpass 100maTHe projected breakout is posted here just under 6.7k. At first that seemed like it would clearly allow it to surpass both the 4hr 50ma(in orange) and 100ma(in blue). However the way the 100ma is now starting to tilt upwards could prove to allow it to maintain resistance and get above the projected target price before the price action reaches it....the 4hr death cross is now solidly in effect and would tak a lot more bullish action to reverse. It's possible but until I see the price action surpass the 100ma and both flip the 100ma from resistance to support and solidify that support...than I have to anticipate that the 100ma will provide some solid resistance especially now that the 4hr rsi is nearing oversold levels. Of course still very possible we can get more bullish action to come. For now I'm still neutral but right when the inv head and shoulders was confirmed I was long to the projected target.
4hr death cross occurred + inv h&s still valid= wait 4 the breakThe 4hr death cross has occurred, however priceaction still hasn't chosen a direction. The inverted head an shoulders is still very much valid. Gonna have to wait for a clear break one way or the other and hodl int he meantime or if you sold sodl. If it continues to simply ove sideways all month somehow then we may very well be experiencing the purgatory phase that occurs right before the follow up bull run. For now, Neutral.
Can a potential invrted h&s breakout prevent the 4hr deathcross?Still neutral here as BTC gets ready to amke a decision. A breakout of this inverted head and shoulder pattern could send the price action up to $6725 and be enough to potentially help the 4hr 50ma (in orange) bounce upward off the 200 ma (in blue). Let's hope we go up from here. *not financial advice*
1st weekly macd bullish cross of the entire yearA few very bullish things going on at the moment...we are about to close the weekly candle as a confirmation candle well above the giant descending triangle pattern we've been forming all year which if so will likely trigger the breakout. We are very near the apex of that pattern so a breakout now would not be unexpected. If we do breakout here then we have essentially formed a double bottom on the weekly chart, and the breakout target is still in the 14k region. Another very encouraging bullish sign is that on the 1 week mac d chart you can see we have finally for the first time this year had a bullish crossover when it comes to the weekly chart. This is coming after many long days of sideways movement which could very likely have been the purgatory stage before coming back around again to a bull market. We also see a huge spike in Shorts right now and also some of the biggest volume we have had in a while(bearish volume at that) and yet with all that bearish volume the price action is maintaining itself inside the current bullflag...makes me think some serious whales don't consider this a current top at all but possibly consider that the bottom is in. The other 2 big bullish signs is the golden cross that recently occurred on the 4hr chart and the 1 day golden cross that seems like it is currently on target to occur at the end of September as long as we can stay above the 1 day 50ma which has been holding very strong support recently. One other bullish sign is that we have once again achieved a higher high when we spiked into the 7.4k zone and can now continue our higher high higher low series by following it up with a higher low of 6.8 or higher...being that we have closed 5 consecutive 1 day candles above the 1 day 50ma(buy/sell line) I think it is very unwise at this point to short or exit your position and would instead recommend if a downtrend does occur to simply buy the dip until you start to see a lower low or lower high formation. Of course being that this is not financial advice I actually not recommending you do anything but make your own decisions. Good luck and thanks for reading.
4hr golden cross.We could potentially see like we did on a recent 4hr golden cross this year a sudden dump before we continue bullishly upward but right now things are looking rather bullish...either way we should be heading upward so I anticipate the majority of September being a bullish one. This is just my own personal inclination and in no way shape or form financial advice. We are currently in a higher low higher high pattern on the 4hr chart as well which means for now bulls still have control.
maybe the best time to invest in the next 3 monthsand is when in 3 hrs chart show the cross of de MA 50 AND 200 …
Golden cross next month If BTC triggers the inverted h&s patternWe currently already have the 1 day chart's 50ma trajectory tilted upward and the 200ma tilted downward at a steep enough trajectory for a golden cross to occur the 23rd of next month. However triggering this inverted head and shoulders could lift us above 7.3k and increase the upward trajectory of the 50 for the golden cross to occur even sooner. Seeing as how all the alts are doing phenomenal right now and XRP already triggered it's inverted head and shoulder pattern and hit its target I think it's very probable that BTC will be doing the same! Good time to go long. *not financial advice*
Golden Cross on Ethereum Classic.so many bullish fundamentals going on right now with the impending arrival of ETC to coinbase and on top of that Robinhood beating them to the punch and making it available on their app as well. Not much more needs to be said really.
could see a golden cross by 8/29 if we keep this MA trajectory.Give or take a day or 2, as long as we don't break under the 1 day 50 ma we can expect a golden cross in btc by the 29th of August. Let's hope we form a higher low before that can occur.
Correction continues; potential C&H + 3 possible support zones3 lines of potential support for this fall I'm seeing our number 1 at 7413 which is top trendline of the big descending triangle pattern / adam and eve neckline we broke up from # 2 is the 4hr 200ma at 7060-7080 #3 is the 1 day charts 50ma at $6853..to have a chance at forming a higher low on the day chart, triggering the current cup and handle unfolding and the 1 day golden cross one of these will likely have to remain support. If we can remain above the 1 day 50 MA then this will just be a correction that will inevitably resume the uptrend and the golden cross should occur hopefully sooner than originally planned, coupled with some positive ETF news to help us break out of this handle, break above the neckline and potentially trigger the cup!however a few closes under the 1 day 50ma and then we could be looking at an impending lower low on the 1 day chart. In the short term I'm short...but long in the longterm. Good luck and thnaks for reading! **not financial advice**.
If current trajectory's maintained golden cross by September 3rdit could also happen sooner if the trajectory of the 1 day 50ma(in orange) curves upward more, the 200ma(in blue) slopes more downward, or both.
Bullrun Continues but 1day 200MA resistance looming just above.Breaking the old Adam and Eve neckline(which turned into a triple bottom neckline) and triggering the breakout has brought us some of the most insane bullishness we've scene since last November-December. RSI and Stoch RSI levels have become seemingly irrelevant as BTC has ignored all overbought indicators and continued to rise. The breakout of that neckline has a projected target of over 15,000 so it's very exciting...however the most recent bullflag breakout target(in green) is just above the big resistance of the 1 day 200ma (in blue). Because of this I think we may wick slightly above the 200ma but ultimately find that the 200ma is able to hold resistance and it will likely send us back downward for our first real correction since this bull run began. However seeing as how btc ignored every indicator and has already effortlessly busted through major resistance line after major resistance line, this too could be yet another instance where it tears through the 200ma and continues skyrocketing upwards. We are well above the 1 day buy/sell line(in orange) so HODLing is the name of the game at this point. However if we do get a minor correction from the 200mas resistance that would be a good time for looking for the most opportunistic chance to buy the dip. I think if we do retrace at that point it will be simply to form a higher low and then we will be able to turn back to the upside afterwards and bust up through the 200ma from there. We can see the 50ma/buy/sell line is starting to finally curl upward like I was predicting it would many ideas ago...also we still have the 200ma on a downward trajectory now that it is no longer factoring in Decembers bullrun which could also help to make its resistance weakened and allow us to break above it more easily. then again the faster its dropping may bring momentum to strengthen its resistance too...will have to wait and see how it responds when we test it. Ultimately it's downward trajectory is a great sign because it means a 1 day golden cross is very likely to happen in early August or so which should finally kick the real bull market into gear. Keep HODLing and buy the dips is my bull market mantra. Thanks for reading and good luck in whichever strategy you choose for yourself! *not financial advice*
Upcoming Death Cross on the 50 and 30 Week MA'sIt's not time to get too excited just yet. Still holding onto my $4,200 target in October. I am a bear until we get above $12,000 and trade above long term moving averages that are in a bullish posture. Won't be re-opening a short just yet, will be waiting to see how the MA's hold as resistance.
