BA on the 1H chart put in a double top. Given the heavy volumes on the volume profile, BA was shorted heavily at the top. Those shorts have rode the profit train down to the mean VWAP. At this point they are buying to cover and taking profit and are joined by new buyers. BA has reversed and pivoted up. the MACD is confirmatory. Volume is adaquate and steady...
GBP USD has been in a persistent downtrend for much of the year as the DXY has been strong. On the weekly chart, the price in the past week did a "buy Pop" up crossing the EMA8 and EMA13 lines, The relative strength topped up and downturned while on the MACD, the lines have been long below the histogram but in the mast week a K and D lines...
If BTC repeats itself from the last time the ema ribbon on the 4hr couldn't flip bullish, we can expect a deeper cut. This price target would also coincide with the head and shoulders pattern I posted about in December I closed my long positions as candles closed below the ribbon, luckily before things got ugly Zooming out, this looks like the last chance...
For the first time since the $51,000 range, the EMA ribbon on the 1hr chart has flipped bullish. With the RSI also holding the 20 ma, the idea of a long could be entertained. I am personally waiting for the price to break the 4hr EMA ribbon and close above before I enter a long position, shown here I would also like to see the RSI continue to hold the 20 MA on...
Hi guys! As many of you know, fear is everywhere right now. People are scared. Which begs the question, is it time to buy? Let's see what we have on the chart. One of the bullish signs is that Bitcoin made a triple bottom. This shows that the market wasn't able to push the price lower. What's also interesting to recognize is that before BTC pushed higher, there...
It seems that we can expect a retest to the ath soon.
Looking back across the daily chart for the last two years paints a clear picture. If this ribbon turns red then expect further downside at worst or further consolidation at best. Long term everything looks fine but over the next week or two I can see more downside/consolidation as possible.
Hi all This is the first time I am publishing an idea on TV - hopefully it's useful to you guys and your feedback would be educational for me! I've annotated my thoughts on the charts themselves, let me know what you think?
I was hoping to get this out yesterday but meh. This is a sisterpost because the trend lines from yesterday remain unchanged and we are just changing the indicators and the text on the main post. A lot is on the main chart for you to ponder but for those who don't know what is going on, let me do a brief introduction to the Ichi-Moku clouds as I use them. For...
TL:DR I threw Everything but the kitchen sink and its all bearish. Analysis A lot is is explained on the main chart. The On Balance volume Situation with the EMAS is particularly telling. Having the 20 period cross the 100 is a key event that suggest a lot of persistent recent selling and that situation means bearish moves are more likely and will be more...
This ascending triangle seems very bullish . Very strong support below where we're at. EMA ribbon bullish . The measured target would bring us to test the ATH again. What do you guys think?
Introduction I have been watching IQ on and off for almost its whole life and after a few initial long term entries and swing trades I have left it alone. It is beginning to flip some switches for me that suggest this is going to time to be a whole lot more attentive. IQ has a relatively short life to look for long term signals and so some of these charts have...
Bitcoin has been the best performing asset of the year, and is certainly challenging the hegemonic order of global finance. What a blessing to be in this bull market guys! When compared against all legacy financial markets such as Gold , Spiders, Diamonds and the Q's it has outran them all. We are talking about a stunning year-to-date gain of 148%! Here are...
Potential Ascending Triangle on the 15m. Nice bullish continuation pattern following a nice bottoming pattern. Trendlines: The horizontal line is the resistance area while the ascending line (line trending up) offers support. EMA Ribbon: The ema confirms what we are observing regarding the trend & likewise visualizes the bottoming pattern following the...
I think the price may be forming a big bear flag here. Just added commentary on the last analysis.
Evening Traders, Today’s analysis – LTCUSDT- breaking above key Daily S/R, a back test of the level will allow for a long position. Points to consider, - Price Action Impulse - Daily S/R Support (.50 Fibonacci Confluence) - Upper Daily S/R Resistance - Oscillators Extended - Volume Climax LTCUSDT’s immediate price action is impulsive; breaking key...
Evening Traders, Today’s second analysis – AUDUSD- price finding support at the 200 MA after breaking bearish from Local S/R level, any rallies are now considered bearish retests. Points to consider, - Price Action Bearish - Local S/R Resistance (.618 Fib & EMA Ribbon Confluence) - 200 MA Support - Oscillators Bearish Control AUDUSD’s immediate price action...
My use of VSTOP and the Multiple Time frame VSTOP has become part of my "autocharting" procedures to identify a price action that triggers a VSTOP to flip and then price action will trigger the VSTOP to flip and then price action to impulse to the MTF VSTOP. We see the black circle and arrow a time where the VSTOP flipped to bullish and shorly thereafter the...