Long on pullbacks using DMI(30)Use multiple DMI lookback periods to find areas of rejection for follow through.
DMI
Qwark vs BTC (mid&long term opportunity invesment 569% profits)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 green area .
- Indicators: MACD , STOCH , ADX & DMI
MACD : showing negative value which was caused by recent selling off after BTC correction .. eventually with any move it will support the bullish run .
STOCH : is at the over sold Area .. with more volume this should back to higher values ..
ADX & DMI : ADX showing strong move ,
+DMI showing strong buying inside the consolidation zone ..
*** Instructions
Buy-in: 0.00002100– 0.00002510
Stop-loss: 0.00001360
Targets :
1- 0.00003500
2- 0.00006016
3- 0.00007613
4- 0.00009210
5- 0.00011100
6- 0.00014380 (OLD ATH) AKA "All Time High"
FINAL NOTE :
- This coin for mid and long Term investment specially with current Team project of issuing Crypto Credit Cards .
- Use the targets as reference points to sell when you want to take profits. Not all targets are meant to be reached. 100-300% is more than enough profit, and, consider starting to selling small amounts of your coins as soon as you are 30-50% above your own buy-in price. Just some quick suggestions.
- Qwark reached previous ATH at 17th of August 2017 .
BCH might turn bullishHere we have 4h-BCH (Keltner 1.618, high ; Coppock; RSI; DMI).
Based on:
- Coppock is in + more and more
- RSI signals we are not overbought
- DI+ is over DI- at DMI
- and also onbalancevolume has crossedover its emas (not visible on this chart)
I think that:
BCH might be supersoon ready for a ride back to 3000ish or more, probably cannot hold up there, but a pump is somewhat likely in my mind.
My tactics:
buy in 2500-2600 zone, stop sell 2300 sharp, exit 2900ish,3300ish. (Unless Coppock/RSI/OBV indicate(s) otherwise.)
This is NOT a trading advise, just a guess of a non-pro. Always use stops, calculate risk! Criticism/comments welcome!
LTC 2504h Coppock starts to be for more and more time in the + range, and also based on other basic indicators (short term RSI, DMI and OBV, see on the chart), I think, if LTC is able to break 250 in the upcoming hours/days and OBV remains cool, than LTC might be supeready for a good ride.
I plan to buy in above ~250, stop sell ~220, and if OBV is good than exit 1/2 around ATH, 1/2 somewhat later (I like this coin, tech is pretty cool, and superfast -- i used it and experienced it.)
This is NOT a trading advice, just a biased, personal opinion, trading-tactics-sharing: calculate risk (cryptos are superrisky), use reasonable stops (always!), check background technology, avoid FOMO and have fun!
Metal (MTL) - Down to trendline Metal went down en touched the trendline. Waiting for DMI to cross and give us a new signal. This coin will remain the uptrend. Next resistance on 0.00164000.
BTC Continuing DowntrendStrong ADX Trend Movement Against BTC, has lots of room to fall before the trend can change, especially with lower volume during the holidays.
BCHUSD breakout Mid term LONG strategy in bittrex chartTP1 345 $ (short term trader)
TP2 395 $
stop-sell below 310
RSI is going up.
We should pay attention to DMI crossing signal.
Short CorrectionSo, after China announces news about ICO prohibition, Bitcoin changes trend to downtrend and correction target will be 3757$. Indicators are slowly changing their direction, also bullish pressure is decreasing significantly at 4100. I think tommorow will be uptrend till 4500-4600.
Short JumpAdeX crossing lower line of triangle, by looking at indicators we can see soon trend change. It's a good time to buy and hold for 3-4 days.
Next 24 hours crucial for BTC. The selloff from $5000 seems to have stabilized, falling back to the previous support above $4500. We seem to have slowed the rate of decline, with MACD approaching neutral on the 1hr chart. DMI is of concern as the blue +DI and orange -DI are reversed, which indicates strong bearish pressure. If the red ADX line moves into the space between it will indicate a short entry point.
I will be watching whether price activity stays within the downward diverging channel, and whether price support holds above the $4500 level. I suggest setting a stop loss under the support or moving your BTC to alts until we see a breakout before September 5.
Ripple Analysis (1hr)Ripple recently broke the local downstream line, but the volume is not very big.
Also the market rebounded from the next downtrend line.
However, the ADX line (blue line in the DMI indicator) crossed level 20 and this allows us to open long positions.
You can place pending buy orders at ~ .24
Good luck!
Weakness in OMG/BTC for NowOnly a partial rise in the third peak shows bullish weakness as price failed to reach resistance. An arguable triple top but more bearish with the rise failure. D-M-I shows sideways ranging momentum only as +DM -DM and ADX are all below 20. Potential bullish cross in SRSI but I think D-M-I will prevail and SRSI will bounce along the 30 for some time. The Kumo span A and the fib align nicely, meaning good support at that level. Would wait for D-M-I to break 20-25 for a long entry as long as supported by SRSI breaching 30 and a positive MACD slope.
Waiting for Small Pullback to 1200 before Long-ingThe price has broken out 1200 zone. Before getting Long, tiny pullback against 1200 is what I'm looking to confirm if 1200 will be the next support line. Ultimate target will be 1250, with partial profit will be at the previous resistance line 1220
The Bear is controlling the GOLD, but is it?I have been expecting GOLD to be "in touch" with EMA(20) and EMA(40) and it is (or about to shortly) happening now.
I can see there are 2 potential direction here :
1. If price can close below EMA(20), price will potentially be pushed down to 1170. Why 1170? Because apparently this is the latest most respected (red box) price level after 1127. Bear is gaining power here.
2.If EMA(20) and EMA(40) can act as dynamic support line and are not broken out, Bull may re-gain its power somewhere around 1185 zone, The reason why I'm saying this is because this is the first time EMA lines are re-tested ever since the uptrend started, and referring to historical data, price may gain power after the first retest to the EMA lines.
Overall, I'm still expecting the price to move even lower as there is no significant force of price pushing higher at the moment. It'll be an interesting next few days to see if reversal can happen within this zone.
USDMYR is hitting the ceiling?From the daily chart, it looks like USD is slightly losing its grip against Ringgit, having some hard time breaking out 4.5 zone. Also indicated from movement index that uptrend slight losing its power. But this doesn't necessary mean a good news to Ringgit too. Although Ringgit is starting to get take control since 5th January, we can still see obvious rejection to push the price even lower (Box 1).
Also EMA(130) hasn't been retested for quite some times. There may be a potential consolidation in the 4.4 - 4.5 area once the price fall below current EMA(130) and it hits the 4.4 support line, as the current uptrend (Box 2) has similar candlestick pattern structure from 25th May - 7th October 2015 (Box 3).
I still believe the price may hit 4.4, but probably may need huge effort from Ringgit side to make it happen.
Expecting a small retracement before moving higherGOLD is currently trending high but ADX(40,40) indicates the trend is not that strong (index < 25) compare with the previous downtrend (index ranging between 25 and 28).
TP1 at 1200 has been executed and I'm expecting the price to retest EMA(20) and EMA(40) before it is going towards next S&R (1250). For me, this will be the my TP2.
GLD Showing No Signs of LifeRejected at 8 EMA and ADX trending upwards showing strengthening downtrend.
Year Long Resistance BrokenThis indurance ETF has been testing resistance for about a year now and it has broken it last week. Along with that this ETF is now trading at an all time high and I think it could continue to move upwards with the insurance sector looking strong.
Wedge Broken Towards UpsideLithium X Energy Corp. has just broken the small wedge it has been forming. The reason I think this trade has a nice upside is because the StochRSI has been showing an oversold level for a while now, the squeeze momentum indicator is showing that squeeze is on, and the stoch is just above the 20MA which it has been respecting.
Horizontal Channel Short, MYCCPrice has bounced off of resistance on the horizontal channel and is on the move down. DMI showing bearish trend, MACD sell signal, 13 Day MA about to cross 9 Day MA, Parabolic SAR about to show sell signal. Volume has also gone down by a large amount. Price targer around $13.24, then will reshort if the trend breaks the middle support.
Strong Short, Tronox Ltd.Very good short play on Tronox Ltd. This stock has broken its upwards trend posting a lower high after 4 higher highs in a row and it is at the top of the linear regression channel. TROX has bounced off of a resistance line and is experiencing decrease in volume. The MACD is also about to crossover to a sell signal and the Directional Movement Index is showing a downwards trend. Also, the stock is in oversold territory showing at 65 and is about to cross under the 9 Day MA.
JCP Bullish TriangleBullish triangle on the JCP chart, watch for a breakout if the price clearly passes and closes above resistance. Chart also has clear indicators of a stong trend with the DMI showing an uptrend and the Aroon showing new uptrend. Would like to see an increase on the OBV along with the others for clarification of a strong trend though.
