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Emaribbon

BA VWAP bounce LONGBA 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 albeit without any spikes. BA is a low mover. Price has about 5% upside to the double top and POC line of the volume profile. This is most suitable for a call option trade to follow this megacap up. Please leave a comment if you would like to query my ideas as to a good option for this trade.
NYSE:BALong
by AwesomeAvani
GBPUSD SWING SHORTGBP 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 crossover occurred. I see these as reasons to add to GBPUSD swing short with little risk as compared with intermediate-term profit reward expectation.
Short
by AwesomeAvani
BTC EMA Ribbon FlipFor 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 the 4hr I will add to that long position if the 4hr EMA ribbon flips bullish, but exit if the resistance is too strong. When the resistance is too strong and the ribbon can't flip, things can get ugly fast so always have a stop loss The last time the 4hr EMA ribbon flipped bullish and created separation, we saw a new all time high Back on the 1hr chart we saw impressive buying pressure as BTC tested 40k, showing the new line in the sand for the bulls. Another good indicator for a long is the bullish divergence across timeframes I would also watch how the total crypto market cap interacts with $2 Trillon and other daily support If you are in a long right now, I would exit if 4hr candles start closing below the EMA ribbon
BITSTAMP:BTCUSDLong
by highleverage47
Is Bitcoin ready for a bullrun?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 was a long wick that penetrated the support level going below the previous lows. After that 3 bullish candle in a row followed the price movement. Was this is liquidity hunting? ;) After those those 3 bullish candles, the price made its first higher low and its first higher high. Besides that, the price made a triple bottom like I said, but the RSI made higher lows. So there's also a bullish divergence. Now, let's look at the EMA Ribbon (all those Moving Averages on the chart), the price is getting closer and closer to the dark EMA at the top of the ribbon. If Bitcoin breaks that, that would be a very good sign. If we look at the rectangle in the EMA ribbon, we can see that after that big bullish candle we had a red candle. But here comes the interesting part. You can see that the red candles after that were getting smaller and smaller. This is a sign of deceleration. This means that seller aren't that interested anymore. What's also bullish to see, is that right now, a green candle is following. Meaning that buyers are getting interested. If this candle closes near the high that it's making right now then we have an extra confirmation that the price is decelerating.
by EliteTradingX
Bitcoin Relief Rally about to Begin (Part II)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 simplification I have removed the tenken and kijun lines so we can just focus on the clouds themselves and not look for any T-K crosses or the like. The standard cloud was created for equities trading on the normal 5 days a week, 4 trading weeks a month and 52 weeks a year and the crypto settings were adapted to 24 hour trading and these settings have been popularized by a whole slew of idea posters on Tradingview and Youtube, but there are some tweaks that people will apply here and there. I use the standard colors of green and red for the traditional settings and after some tinkering have adopted the convention of yellow and orange for the crypto cloud. This alows me to use mostly blue, purple and black for charting my trendlines and most people can see what is going on visually. Having both cloud really helps see how the trend is really doing because it helps you compare current price action to its previous behavior and gives you ideas where price action has moved to fast or where it has clearly moved sideway. You can see that sideways action very clearly with the lagging span, but most people don't use it. It does become helpful because as we can see in the chart below the laging span does also show us when price action has moved sideways and when the lagging span starts to overlap the price action things can get grizzly The fact that both clouds have twisted bearish is a major warning to buyers and holders of what is most likely coming. The similarities between the trendlines is also concerning. Based on the trendlines top 3 would seem to most resemble top two but be cannot count on that being the case. I am not going to replicate it here, but a lot of good TA shows that it would be a very technical retest and a power move for BTC to find support between top 1 and top 2. The most significant horizontal level for bitcoin is around 12.3k. A zoom in shows roughly how I think the price roughly will act. Of course, if we see price action get above the blue trend line on the daily time frame and start closing whole bodies above and even testing it as support on this relief rally, or if we see it getting above the purple trend line with whole candle bodies my bias will flip. But in the face of persistent selling as evidenced by the On Balance Volume being under the 100 EMA and the technical resistance in the chart that doesn't seem likely. Here even more technical resistance for y'all to ponder and maybe do your own ideas on. The EMA ribbon on the Weekly timeframe and the 3 day all look painfully similar. There are some serious indications that Top 3 will proceed with a lot more downside. Sure, there will be a lot of thrash and relief rallies and a lot of money to be made by swing trading up and down but these are dangerous times. I thought I had posted the Ketner Channels in other recent posts but I can't find it. These are something I played with when I started trading but very recently got back to using them when I started going trough a wider selection of YouTubers to see who had been more consistent on calling a top and saw Crypto Kirby doing a great job. He primarily uses them on the daily but they can be very helpful on the weekly and monthly. If we are in a top 2 type scenario then we could expect the top of the weekly KC to be resistance. A major buy signal will be when the price action goes out the bottom of the monthly. This is a bit higher than the 12.3k target mentioned earlier. If you are looking for a good tradingview or youtube content creator my recommendation is you make sure you have ones that justify how they determine their major bias in trend. You don't always have to agree but if they don't have a big picture they will be gobstopped by big moves against them. I hopefully will not be gobstopped if I am wrong. I have a long on an alt that I favor that is doing well with TA that looks much like this chart. If the price action beats my trendlines and overcomes the technical resistance I see I just let my winners run. As in the sister post this is tagged neutral because I am predicting first an up , and then a down. Since it is both a buy and a sell in the same post it is thus tagged.
Editors' picks
BITSTAMP:BTCUSD
by This_Guhy
75
BTCUSD: Volume, MAs, Ichimoku and BB look GrizzlyTL: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 impulsive when they do occur. This suggest more likely than not the price actin will slip the 100 SMA, and then the 20SMA will cross the 100 bearishly as well. From there a chance at a technical bounce at the 200. Looking at the history we can get some pretty severe wicks through. For those that like the EMA ribbon and are hoping to see it as support the On Balance Volume situation means that we are likely to see the ribbon, which is thin to begin with, fail as support as well. s3.tradingview.com For a bit wider view here is the 3 day chart where I have highlighted a different bearish volume scenario. The 10 period OBV EMA is now acting as resistance. Likewise, price action has gotten narrow enough that we are on the verge of a T-K cross on the cloud. s3.tradingview.com Here is the same 3 day chart with OBV and EMA but with the weekly bollinger band in blue and the monthly in green. This volume situation makes being long outside the monthly bollinger band every risky. In very bullish scenarios the top of the monthly BB can act as support but we can see that the top weekly BB is beginning to round off which is not that bullish. We can also see price action is tightening in a way that predicts further downside. The price action was very expansive as evidenced by how the bottom of the BB falls out the chart and now as price action constricts the BB snugs up. Final thoughts A look at the chart and the history does allow for price action to go higher once the 200D SMA is tested as support. Clearly that is a possibility. But for people tracking inflation wearer experiencing an explosion in the price of food and energy. I am not going to chart you to death, but look up the prices of oil, rice, pork, cattle, etc. All going up. It is going to be hard to hold on to an intangible trustless payment system token when your loved ones need a meal.
COINBASE:BTCUSDShort
by This_Guhy
4
IQ flipping key technical indicators for bull runIntroduction 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 particular time frames and settings. This was part of my beginning of the month analysis I do when I sort through my watchlist so I don't have new positions on right now but I will over the next couple of days. EMA Ribbon The chart on the left is set to two weeks and displays the EMA ribbon. I would prefer to use the monthly time period or even the three week but the full ribbon doens't show except on the two week setting, so here we are. The main chart texts hits the high points, namely that the price action with only a day left has found strong support on the two week ribbon and the EMA ribbon is finally starting to unfurl bullishly. It takes a lot of pumps to get the 20 to cross bullishly over the 55 EMA and it finally happened this period. Volume Profile The right side has what I call my "volume and breadth" chart as I use it to look for price action to go coast to coast (or edge to edge) on the various indicators, and it is anchored by volume analysis. The first "edge to edge" we look for is for it to go from one value area to the point of control and if it finds support we look for price action to go the other value area. Historically we see that would be about a 2x. We can see that price action fell short on two attempts and if you were not a greedy little piggie and you took profit 5% below the value area you would have had a great exits. This sets up a key point: during an full blown bull market the price action has to mount the upper value area and find support on it repeatedly. For confirmation that we are in an uptrend I would love to see the price action move above and maintain above the upper value area and see the Point of Control move up to the node at $22 and the lower value area move up to the current point of control at $18. This may take several months to develop. When the price action goes back into the value area there is a chance that it will return to the point of control. and from there the lower value area Ichimoku Cloud Almost as a side show at this point is the fact the ichimoku cloud has turned green and is beginning to thicken. At this point it is just another confirmation signal and I don't think it gives us enough for full blown cloud analysis. As price action gets above the cloud we can start looking for T-K Crosses. When the volume profile upper value area and cloud are in the same vicinity it is a sign that the move has a lot of support. When the price action and cloud get high above the upper volume area we are in full blown bubble territory. It is my plan to get into the bulk of my position before or as that happens. You can see that happen on bitcoin on the daily chart here. On Balance Volume I often have the red fast EMA at 10, the blue medium at 20, and the slow EMA in green to 100 period but that doesn't provide any real information except that volume action is above the slow ema. As such I set the OBV EMAs to 25, 50 and 75 which has some prima facie validity as common sense settings. On these settings we see that the OBV has finally tested the slow EMA as support and after some activity, established a bullish ordering of the OBV, fast, medium and slow EMAS. This bullish ordering clears up a technical limitation that would prevent more cautious investors with a mature understanding of volume for going for long term holds. MACD The chart below is set to the one month and shows the default MACD EMAs. I don't bother to show the full MACD w/ histogram becausae it doesn't really exist. THere is only a couple of period on the signal line so that isn't helpful at all. We clearly see the price action is causing the EMAS to be cents away from a cross and price action has tested both EMAs as support. This still has a full month to develop though. What I am doing That was a whole lot of analysis to get to my personal strategy. With everything pointing to a bullish set up I can now look at buying dips with confidence for a long term holds. The places to buy are going to be any time price action has popped out the daily bollinger band (in yellow) and definitely any time it pops below the baseline of the weekly bollinger band (in blue). The weekly bollinger band doesn't have the lower limit because where we are going, we don't need it, perhaps for years. Seeing it below or finding support on the weekly baseline is also going to be a place where I buy call options, especially with bullishness on other indicators like the MACD or RSI (Not show). Of course, I am not qualified to give financial advice and this is just me developing a more robust battle plan for myself.
NASDAQ:IQLong
by This_Guhy
2
Bitcoin went full-on parabolic & watch price move even higher...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 some key concepts to consider: • Institutional Adoption - MicroStrategy , Square, PayPal (4% of the total supply of bitcoins now reside on corporate balance sheets) • Paypal and Square treating clients like a bucket shop holding the actual asset for them and only enabling clients to hold. Again good for the price as supply is trimmed down as price bids up. • CME Group advised open interest on Bitcoin derivatives has reached its highest level ever • Whales will accumulate the underlying asset to "control/manipulate/influence" the price as a few % points will enable them to make the derivatives market & kick the price around • Retail all at this point sitting in profitable positions encouraging "hodl" culture • Viewpoint evolving from retail "median of exchange" to institutional store for wealth or engine of wealth as the derivative market becomes popularized • According to Forbes "60% of the available supply of bitcoin has not moved in the last year and over 40% has not moved in the last two years." • Bitcoin flooding out of exchanges at the most rapid rate of its history indicating this is camping in long-term wallets • Google keyword volume for Bitcoin is only 10% of its peak (2017 runup) indicating retail is not driving the relentless volume • Technicals are all incredibly bullish - moving averages are all pointing straight up at a very steep angle • Seeing comments on how the RSI is indicating oversold - it is worth touting that oversold conditions can continue on for a very long time • Macro environment of central banks easing and pushing for higher inflation targets makes this financial product an outlier as it is engineered to increase in value and not inflate away • The U.S. Dollar Index is down 0.25% Tuesday and continues to be in the doldrums versus a basket of other fiat currencies. • Articles speculating into the future (after firmer regulation) that Fidelity/ Blackrock /Vanguard some massive player will introduce a low fee passive ETF fund which will require a huge amount of the underlying asset for the fund creation. Similar thought process of why the TSLA price runup with their inclusion into the S&P 500 - forced institutional buyers as they balance out the passive spider funds • Adoption and regulation of BTC coming however the SEC is already offering clarity (links below) • Gary Gensler (Former chairman of CFTC) was tapped to lead Biden's financial policy transition team concluded "that XRP and ether should be regulated as securities." • Fun idea here, but I have seen so much grumbling from gold bugs on how gold is a greater store of wealth. I likewise am a goldbug and continue to accumulate gold as well - worth stating though what happens in a generation from now when we final visit the last frontier and become a space faring race and start mining asteroids? Supply of gold in the future may be remarkably more prevalent than we could possibly imagine. Am I one of those calling for $100k in price? Well let's target 19k first bulls. Sources www.forbes.com www.forbes.com www.forbes.com www.forbes.com www.coindesk.com www.theblockcrypto.com www.forbes.com www.coindesk.com
BITSTAMP:BTCUSDLong
by ZenMode
Potential Ascending Triangle on the S&P 500Potential 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 bullish continuation pattern. Inverted H&S pattern – Quick bottoming pattern displaying left shoulder, head, and right shoulder
OANDA:SPX500USDLong
by ZenMode
LTCUSDT Daily S/R|Swing High|Volume Climax|EMA Ribbon|PAEvening 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 levels, confirming an S/R Flip Retest of Daily S/R will allow us to have a bullish bias. The Daily S/R support is in confluence with the .50 Fibonacci and EMA Ribbon bull cross. This area holding true allows for risk defined entries. Daily S/R resistance is immediate target, LTCUSDT breaking this level will prove to be extremely bullish. Both oscillators are overextended; a reversion to their means is probable. There is also a valid volume climax node signalling a temporary top. Follow through here is important for sustaining a bullish bias. Overall, in my opinion, LTCUSDT is a valid long with defined risk; price action is to be used upon discretion/ management of trade. Hope this analysis helps! Thank you for following my work And remember! “Win or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing money.” – Ed Seykota
Long
by AzizKhanZamani
AUDUSD Swing High| EMA Bear Cross| .618 Fibonacci| Bearish PA 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 is bearish with impulse breaks; this allows us to have a bullish bias on the market. The current Local S/R is resistance that is in confluence with the .618 Fibonacci and EMA Bear Cross. This gives validity of a valid bearish retest zone. The 200 MA is critical support, breaking below will greatly increase the probability of further downside. Both oscillators are currently in bearish control zones, remaining here is indicative of further weakness in the market. Overall, in my opinion, AUDUSD is a valid short with defined risk; price action is to be used upon discretion/ management of trade. Hope this analysis helps, Thank you for following my work! And remember, “Accepting losses is the most important single investment device to insure safety of capital.” – Gerald M. Loeb
Short
by AzizKhanZamani
2
Silver Versus the NASDAQ II: Moving Averages and Volatility StopMy 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 price action impulses to the MTF VSTOP The last time that happened was Feb 2001 and silver went up 9.5x against the NASDAQ after that. This system I am tinkering with is still in its nascent stages and so I don't have a lot of back testing to look at to show results. Buyer (of this free post) beware. A Key point: First touch of the MTF either leads to a long term consolidation or rejection. The "touch" may not even connect so typically a take profit a few percent below appears to be prudent. This does not neccesarily apply to this because silver was still in accumulation. If this uptrend is simular to the last we should see most, if not all, of the following price actions occur: mostly green months as the price action soldiers through to the top of the EMA ribbon a burst through the EMA ribbon to the MTF VSTOP, a retest the EMA ribbon as support, price action goes on an absolute tear. On this tear there should be a retest of the MTF VSTOP as support and the base of the EMA ribbon. That would be the biggest sign to long and to go big. That is shown at the purple arrow. The EMA ribbon is going to be retested multiple times but the biggest retest will be when it has completed its bullish stack, with all short term EMAs above the longer term EMAs. Going big there will be emotionally difficult. We see that it happened at the bottom of the Great Recession. Also, the VSTOP is set to calculate at the close. If you see a mega green candle on the monthly chart that is so big that the VSTOP is pregnant, or inside the candle, it is generally time to go down to a lower timeframe and use the stop on that timeframe, which should be higher, to get more gains. That is a sign that the top is about to blow off. Finally we can see through the black parallel channel that price action between this pair can still channel or create tradable chart patterns over a decade. The signal there, in hindsight, is very clear VSTOP bearish MTF VSTOP bearish EMA ribbon confirmed as resistance Channel Support flipped to resistance Over the next 10-15 years I would be delighted to see a channel to help me trade silver against the NASDAQ. Please see the linked idea as to price targets on the Silver NASDAQ pair.
COMEX:SI1!Long
by This_Guhy
4
Ethereum Daily AnalysisEthereum fell below the Daily EMA ribbon. This would be bearish since every time this happens it tends to go much lower. I would like to point out that since it has closed below it, we should remain skeptical because it wasn't with confidence and decisive. We are bouncing from a downwards channel. Since there is a daily RSI divergence(Not shown on this chart), Ethereum might go alot lower.It also got rejected from long term resistance(The purple line). This is bearish in my opinion, since it has failed to form a higher high. In the coming weeks I think that it might hit the .618 Fibonacci Retracement. This level is at 155$.
COINBASE:ETHUSD
by JayT121