This is what I see. The ADX line shows us the BTC is in accumulation phase and also it shows the past 23 days of BTC moves was not a Bull trend the ADX didn't go higher than 25%, Thats very bearish. Currently price consolidates in a rising wedge which is made between uptrend line and the 25% level line of fan, this is also bearish. At the end of chart we have 3...
So, using the DMI indicator on daily .... noticed that the red line is very rarely on the bottom. Every time it goes low it seems to confirm the overall trend direction when the blue line crosses with the orange..... Watch out for the 3rd of October! Full year from bull run confirmation, coincidence perhaps? So currently blue line looking down so trend is...
With price finding early selling interest at a low Fibonacci retracement level ratio and the red negative directional index line not crossing down through the positive directional index line, look for selling interest to remain here with the previous low as a target for a test of support once again. Despite the latest move up recently, the bears maintain...
iota has had a nice expected for and has just hit major trend line. For me, depending on how bitcoin behaves this week I wouldn't be surprised to see iota possibly fall a bit further back to low 16s before surging forward entry 17500 - 16000 targets #19000 #21000 #23000 stop loss 15700 if enter in 16s otherwise SL 16750 if you enter in 17s
Why Wheat and why now. What about Soybeans and Corn. Looking across the Ags, it seems that Wheat is enjoying the most upside. Why is this. In keeping with my focus on the DMI and ADX, I think you’d have start by looking at the monthly chart of the 3. One of the key tenants of DMI/ADX is that best trades seem to originate when the ADX is below 20 for an...
So far, I’ve focused on how to get into the market based on the DMI swap in dominance between the +DI and -DI. Once you’re in or if you missed the original entry, how can you get into a trend while minimizing your risk. As I’ve noted before, I’ve not been able to successfully trade on a regular basis but my hope is to use everything I’m documenting here to...
Continuing with using the ADX/DMI on a daily chart to trigger a trade with the 4 hour chart to refine the entry, I’ve marked up the recent BTCUSD action similar to the wheat chart in previous article. As you can see from the daily chart, price dropped on the 4th causing the DI’s to swap dominance on the DMI. With the ADX still above 25, this could be viewed as a...
Setting up a trade based on daily signal using 4 hour chart for timing. In this scenario, the daily chart had its ADX below 20 since July 3rd. When trading with DMI/ADX, periods of breakout after the ADX has been below 20 for at least 7-10 periods can provide good results. In this case, the 4 hour chart had dropped below 20 for an extended period too. On July...
In my first article, I provided a summary of the tools I’m using plus links to some good material that gives more in-depth details of each. As I go through each concept, I’ll refer to the 3 time frames that I will use in determining a trade. • Weekly: to get the overall bias of the market • Daily: to identify a day to take a trade or to setup a trade • 4 hour: ...
I’m not a successful trader. I was fortunate (?) to have a father introduce me to trading futures when I was ~12 in the early/mid 70’s (he created a study guide and sat me and my 2 older sisters down at the kitchen table to review it weekly). I was ‘successful’ in the mid/late 80’s but that too went away as did the desire, time and money to continue. 4 years...
Verge is out of first trend line with DMI looking positive Targets 465 503 565 Keeping stop loss at an easy 404 or for the less convinced 418
Uptrend with volume What do I see? I see the uptrend shows power, it includes enough volume and it just broke the local resistance of the previous upswing, aiming for a new higher high. DMI indicators show that ADX has crossed the -DI line, and MACD is going up. It is a good buy above 0.00000566. RSI shows it is bullish and not yet overbought. The EMA’s...
Siacoin is a cryptocurrency that is based on sharing hard drive space. In essence, Siacoin provides new opportunities for everyone to deposit files much like Dropbox can store files (video, images, and documents) on the SIA network. The advantages of Siacoin are that it uses a decentralized user-contributed sharing economy where you can essentially cut the cost of...
Bearish RSI and DMI divergence on EURUSD Weekly chart with Elliot wave confleunce. Orders in for the swing stops just above structure and targets at first correctional leg.
This chart shows 3 variant apex points. HOW TO USE THIS CHART: A. Triangles 1, 2, and 3 can be used to identify potential support and resistance levels. B. Bolli's serve as good reference point to plot feasibility of intra, day or swing targets, up or down, within 1d ATR. Is your target within these ranges? Confirm logic before you 100x from price at the edge...
Muh narrative says that the failure of DMI's to cross on 4h reinforces dominance of the bear trend. MACD crosses imply further downward momentum is imminent, supported by rising ADX on -DMI dominance on lower time frames. Also looks like a fractal of the move down to 6k. May God save us all.
Use multiple DMI lookback periods to find areas of rejection for follow through.
I would like to share a quick analysis with you about Qwark (QWARK) against Bitcoin 2.29% ( BTC 2.29% ): We will be looking here mainly at the daily chart . Here is what you can notice at first glance from the chart: We can clearly see after QWARK broke out the falling wedge and reached ATL at price 0.00000845 started to pull back to our buy zone which is the...