EMAS
QEMA - Daily Chart EMAs This is for convenience when switching based on candle sticks, hence the Daily (candle) Chart.
I thought having a DAILY CHART set EMA's to enable or disable makes it convenient and why i placed the appropriate title and EMA's
I selected 8, 21, 55, 100, 200 as the standard for the EMA's.
Reason: Based on a well known trader preferred settings.
Small Retracement for S&P500Lets keep it simple, The price is in the top of the ascending channel and waiting for the retracement to the 2830.00 zone and fill the last gap before the price continue the overall bias. Any sell in the 2873.00 zone is given to us a good risk reward ratio, if the price break above we can expect a bullish momentum looking for All Time HIghs.
-------------------4HR CHANNEL/ PPL SET-UP--------------------Additional lower timeframe confluences:
1) 30 min FIB retracement and notice any respect or rejection to key 61.8 level
2) 15 and 5min 14 and 50 Ema in your favour, or wait for a dynamic support/ resistance
3) 5min rejecting a PPL and RSI strength in your favour bounce off 30 or 70 level
4) At a point of lower time frame break/ push there will also normally be a 5min 14 EMA retest the same time as a minor correction
and good entry point if everything above lines up
Bitcoin Daily Update (day 337)Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to succeed long term. If you fall into the majority that tries and fails then I assume no responsibility for your losses. What you do with your $ is your business, what I do with my $ is my business.
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Consensio: M MA > S MA > P > L MA
Patterns: Phase 7 Hyperwave | A&E | Bear Channel
Horizontals: S: $3,742 | R: $3,820
Trendline:
Parabolic SAR: W: $4,216
Futures Curve: Backwardation
Funding Rates: Longs receive 0.0183%
BTCUSDSHORTS: Rejected from 9 EMA. Will be interesting to see if it makes lower low
TD’ Sequential: Bullish price flip with todays close, current candle is trying to make bearish price flip
Ichimoku Cloud:.Watching for close above Tenkan-Sen
Relative Strength Index: Continues to support > 50
Price Action: 24h: +0.21% | 2w: +6.6% | 1m: +12.1%
Bollinger Bands: Continues to support > 50
Stochastic Oscillator: Monthly buy signal in confluence with weekly buy signal is very rare / powerful
Summary: In a Telegram conversation with Leah Wald I mentioned that “I can’t remember the last time I felt this bullish about crypto” .
This is only the second time we have gotten a monthly Stochastic buy signal < 20 and the first time it has been < 10. The last time we got that signal it called the bottom of the 2015 bear market. Just so happens that both occurred on a monthly red 8.
I do not think we have found the bottom due to lack of capitulation / FUD as well as Hyperwave theory, however I do feel very confident that we are in for a strong bounce over the next couple weeks / months.
First target is the top of the bear channel that is pictured above under ‘trendlines’. If we breakthrough there then I expect a $6,000 retest / rejection which leads to capitulation and a return to $1,000 / Phase 1. However everything hinges on closing above $4,200. That is due to the massive gap in the visible range volume profile.
If we breakthrough $4,200 on a daily closing basis then that is the final confirmation I will be waiting for. I have already started to build my positions and am ~30% entered. Will make sure that I am 100% entered if we close above $4,200.
AUDUSD SHORT SET UP-trendline broken
-Emas crossing
-Engulfing candle on the highs
-Broke support, and coming back
Whats the play here?
I see a retest of the previous support now turned resistance, that with the current confluences I see it going at least to the previous lower close, if we look left that seems to be an important zone.
I might take some out of the table and let it ride to the monthly
When to buy & hodl, when to sell & wait... in a simple equationIt's so cliché but... if Bitcoin was actually subject to repetitive cycles?
According to this hypothesis, we would then have the following "algorithm" for investors:
WHEN (RSI14 > 90) AND (MA9 > MA20) THEN
IF(1st Occurence == True) THEN // Bear Trap!
WAIT (OR... SELL and BUY the correction soon after)
ELSE // 2nd Occurrence = Bull Trap!
SELL and WAIT
WHEN (RSI14 <40) AND (MA9 < MA20) THEN // Oversold RSI and EMA Cross Strategy
BUY ZONE
Too simple, too basic? perhaps... :)
(What you can add a dozen other buying indicators by reading my related ideas)
Comportamiento dentro de la consolidacionEUR/USD en analisis semanal notamos una consolidacion peligrosa, con una linea de tendencia que tuvo un falso rompimiento, se encuentra en un punto donde podemos notar, que puede toca linea de tendencia alcista semanal, respetar soporte y rebotar a la linea de tendencia bajista semanal.
Confirmacion de entrada a la compra: cruza de emas y estrucutura de mercado alcista.
Confirmacion de entrada a la venta: Rompimiento de linea de tendencia alcista, y accion del precio; soporte a resistencia.
NZDUSD 4H LongPair: NZDUSD
Timeframe: 4H
Direction: Long
Reasoning: Price has made a bullish market structure on the 4H making a higher high and higher low, as well as looking bullish on the higher timeframes. Price is also above all three EMAs (21,50,200), with the faster ones crossing above the 200. Entry is at a bullish fib zone, plus a BRC of a previous high and the EMAs.