DM Indicator
$IWM AnalogIn this chart we analyze the relationship between the Small Cap iShares ETF and an analog of the 2002-2003 price action. From our view, we can see that we are clearly holding a similar pattern from back in the early part of that decade. This happened to be after a recession as well where the value/growth rotations were just as if not stronger than they are today. Something to keep in mind.
In short, we are bullish on the small cap sector from here. The risk reward is clear vs the recent range lows on the daily chart for a sustained move over the coming months higher.
Bitcoin: Buy- Weekly Trend/Momentum is repeating DeMark 9-13-9 patterns.
- Multiple Doji hint that buyers are absorbing supply.
- Bollinger Lower Band.
- 23.6% Fibonacci retracement.
- Oscillators oversold.
- Nison PB&J buying sweet spot is on pullback into SMA 10 / EMA 30.
- Pivots S1 support.
T1: $ 80,300
T2: $105,300
T3: $230,600
Bitcoin: Nison - 3 EMA's System & 5EMA 8EMA Cross Over SignalsBitcoin: Nison - 3 EMA's System & 5EMA 8EMA Cross Over Signals
101D:
- Fibonacci 161.80 target hit.
- TradingView Technical Strategy Oscillators: Sell.
69D:
- Fibonacci 161.80 target hit.
- TradingView Technical Strategy Oscillators: Sell.
- Stochastics %K / %D oversold dead cross.
1W:
- DeMark 5/9 Buy Setup.
- KAMA dead cross.
- RSI(5) breakdown.
- MACD dead cross.
- DMI trend reversal.
1D:
Nison: 3 EMA's System
Nison: 5EMA AND 8EMA CROSS OVER
Short Opportunities: 49,459.71.
Short Opportunities: 5 ticks below Daily candle close, trailing under Daily candle close on higher lows until executed.
Binance - Long Signals31D:
- 20 Days until TD Sequential trend exhaustion.
- Pivots (Fibonacci) targets R2 & R3 within reach.
1D:
- Above Nison Strategy 'Trading The 9' EMA.
- Williams %R crossing mid range up.
- RSI bounce from mid line on Piercing Pattern in PB&J sweet spot.
12H:
- Piercing Pattern within PB&J sweet spot.
- TD Sequential bullish flip.
8H:
- Above Bollinger center band.
6H:
- Between EMAs suggesting potential bullish reversal.
6H:
- Change of Polarity (old resistance becoming new support)?
- Shadow-30 PB&J pattern long signal within PB&J sweet spot.
- Support bounce on Inverse Fisher ALMA.
- Deep within Fibonacci pullback between 38.2 - 23.6.
4H:
- EMA 50 support.
3H:
- Change of Polarity.
1H:
- Hammer
- Hammer on Bollinger lower band.
- Ichimoku potential reversal area.
Daily Analysis: Bitcoin - Buy🏆 Daily Technical Analysis: 🏆
77 & 79 Days ago Bitcoin breached the Inverse Fisher ALMA moving average and ended the days in Hammer bullish reversal candlesticks, within Steve Nison's PB&J (Pullback to Sweetspot) strategy long zone.
This pattern appears to be developing now as well, and if there's one golden thing I've learned in trading it's this: rare occurrences which appear to be a pattern tend to prove themselves extremely profitable for those willing to execute at the time the signal appears. If today's candlestick closes as a Hammer near the Inverse Fisher ALMA / Nison PB&J EMA 50 area, buy. Hammer candlesticks draw horizontal support at the bottom of the candle and stop losses should be set below this support. Note that the second hammer 79 days ago breached the previous Hammer's support by -0.40%. Don't get stopped out of a great trade by keeping your stop loss too close as the risk:reward on this trade with an entry so close to a Hammer close presents itself as extremely attractive.
Drawing a Fibonacci retracement line from the lowest Hammer to the Bearish Engulfing pattern top at $60,000 reveals that this bullish reversal would be a 23.6% shallow retracement, confirmation of Bitcoin's strong trend seeking to make a new higher high. As a final and extremely significant observation, the Stochastic Western technical indicator is showing %K and tomorrow potentially %D in the oversold area.
I have very high confidence in this trade. Wait for the Daily candle to close in a Hammer.
Monthly Analysis: Binance - This is the pullback.History:
A buy signal presented itself on the Monthly chart when a Hammer candlestick signal
created horizontal support at the low of the Bollinger Band, signaling that the asset
was oversold. This occurred exactly at the 78.6% retracement of the up-wave.
Price has now met resistance at the 50.0% level and is poised to pull back. By
connecting this high with the previous one I'm able to draw a resistance line into
the future and therefore easily represent two high probability setups:
1) Today's candle is currently 47.18% from low to high. There is a little known
Fibonacci trick regarding large moves in single candlesticks; a move with sufficient
bullish momentum to bring price to new highs should not generally pull back greater
than 50% into the large candle. Therefore there are these two setups. In this case,
if price finds support at the 50% level (0.0020761) the wave can try and continue it's
ascent to the old high, invalidating the new one. Or,
2) Price will make a pullback into Fibonacci ratios relative to this up-wave. We will
look to enter somewhere between 0.5 to 0.786.
Here is a Golden Key: How price closes at Weekly Pivots P (0.0018719) will determine
whether the market will trade above or below it. a Weekly/Daily close above/below this
level will be a strong indicator as to the direction of price in the coming weeks.
Monthly Analysis: Binance - This is the bottom.A buy signal cannot be more obvious than this.
- Connect the Low to the High of the 22 month bullish wave.
- The 20 month bearish wave just ended in the perfect convergence
of Candlesticks and Western Technicals to give a buy signal.
- A Hammer candlestick signal creates horizontal support at the low
of the pattern at 0.00102. Not only did this occur on the low of the
Bollinger Band, signaling that the asset is oversold, but it also occurred
exactly at the 78.6% retracement of the up-wave.
- Remarkably, there is a convergence of strong Western Technical sell signals.
The high of the Bollinger Band lines up with the Tom DeMark TDST resistance line.
- Assuming an uninterrupted DeMark bullish wave, I see this asset being bullish
until approximately October/November of this year.
Technical Analysis of Bitcoin appears to be quite the inverse of this. Whether
or not you believe that Bitcoin will go higher or lower, confidence in the stability
and security of the reputable Binance exchange makes buying the Binance token
BNB an easy long.
TD line and projectionHere you can see how to use Tom Demark trendline (that connnects peaks / thorough of more or less equal height / value) and projections.
Best of breakout occur with gaps. Prebreakout candle has to close close to the trendline and make a minor pullback before the break occurs.
If breakout candle has long rejection shadow - it will not work.
Projection are drawn from the lowest closing price to the TD line and then projected from breakout point.
You can also see how to use missed pivots that mark new trends (buy upon pullback to the next pivot) - after Rob Booker.
Trading idea: Long Saga PureGreen investment company Saga Pure has retraced from the peak earlier in the month after strong performance in December, due to general profit taking and a subsequent offering subscription period.
Idea/ Triggers:
* The subscription period ends January 27th.
* Saga Pure has reacted well to DeMark exhaustion signals previously.
* European buyers (Clearstream Banking Nominee acct) adding to on a daily basis in their pursuit for green investments. With regards to this being a trigger for potential continued price appreciation, look to the price appreciation in Norwegian hydrogen company NEL where the Clearstream Banking Nominee account is now the largest holder.
* Portfolio company, Horisont Energi, will be listing on Euronext Growth soon and might be a potential trigger. The share prize has doubled in the grey market after a successful offering in December.
Risk factor: Overall market is stretched on valuation and positioning, and a general risk off event is likely to impact small-caps.
NB! The company has more than NOK 500 mnok in cash looking for investments, and would use a price depreciation to buy stakes at discounted prices.
Solum Tempus Narrabo
$TSLA Trees Don't Grow to the SkyHi Everyone,
I am back with a bearish outlook on $TSLA.
Looking at large timeframes, we are possibly hitting exhaustion points
Monthly C21
Weekly S21
Since higher timeframes are pretty significant we should favor a bearish scenario for the incoming week(s).
For now, no bearish targets, it is too early but trading ideas should show up next week.
Take into account that the S21 exhaustion point is based on HL termination settings.
By changing this setting to open termination, the count is still on a bar 19.
However, I favor HL termination for now with 2 converging elements:
This weekly close could end as a Doji.
Daily Supply Line (orange Line) target is reached (check the previous idea for more details)
Cheers,
MATHR3E