Dax ForecastW1 - Bearish divergence, uptrend line breakout.
D1 - Bearish convergence, uptrend line breakout, In addition to this, based on the Heikin Ashi candles we can see that currently we have strong bearish bodies in downward moving market conditions so it basically reflects a bearish environment.
H4 - On the H4 chart too based on the Heikin Ashi candles we can see that currently we have strong bearish bodies in downward moving market conditions so it basically reflects a bearish environment here as well.
We also have two sell zones that has formed and the price has currently reached the first sell zone. Until these two sell zones hold my view remains bearish here.
Heikenashi
Will Bitcoin's Heiken Ashi January Candle be Green or Red? I will be watching this month's candle close with an Eagle Eye. If January's candle is a red doji or a green candle, then that is a good sign that markets are turning around from fear to greed, green being greed.
The large market moves take time and effort to turn around. Fear back to Greed. No bear can tell me that my theory about the adoption trend is crazy...it's staring you right in the chart. It's the strongest trend in Bitcoin. I give it a lot of weight. So many data points touching that line.
We just bounced off of the adoption curve and should be heading into a lot of green candles.
I can feel the booster engines warming up on the rocket now. The price will break the large symmetrical triangle and it will go extra parabolic. Accumulate now when the Insiders are.
Not saying it has to or that it will, just that has a much higher probability of going higher than the price falling below the adoption curve. That would kill their golden goose. Naw...they want to turn billions into trillions. Trust me, they are incentivized to drive cryptocurrencies to the moon far more than piddly little traders. They have hundreds of billions, maybe even trillions of reasons to do so. Pretty powerful incentive. They need enough of us sidelined but not out to help them create the fomo that will drive other market participants back into the market. It takes time.
Although that 2019 bubble didn't take long at all to form. From 4K to 14K in just a few months? That's beautifully powerful! Come on, this thing is ready to explode at any moment. Look at all of us dying to get rich and we all believe Bitcoin will get us there. It's almost a self-fulfilling prophecy.
A large participant can make a fomo candle right now that will drive a lot of people back into the market. Anything can happen but what is more likely? This is the market makers job, to make the market go up and down. Otherwise there would be no trading, only long-term investing. They take advantage of a natural tendency in people. The Bitcoin market operators are savvy and execute their strategy with military-like precision. Their job is to suck value out of the market. Their shenanigans in the market are built on top of the adoption curve which has thus served as a floor where Bitcoin is accumulated by Insiders to sell at retail prices later. If this is what's happening, then strap yourselves in, you're in for a wild ride.
Let's revisit this chart again soon. Hope this helps.
Peace, Love, & Crypto,
B166ER
PS: What do you think of that symmetrical triangle? Am I crazy? Like and share and follow if any of this helps!
GBP/USD SHORTGood day,
The GBP/USD cross is offering a sell signal this evening.
Signal:
- Double top
- RSI breakdown
- MACD bearing divergence
Note:
- Protect pips if there is a flurry of activity around the Haiken Ashi (smoothed) line
Potential Drivers:
- Pound selling due to political activity
- Risk off flows bidding up the dollar / pushing down the Pound
All the best,
AL
EUR/USD SHORT
EUR/USD is sending a rather firm sell signal this evening.
Signal:
- Price trading off of elevated ATR channel
- Second run/test of Haiken Ashi (smoothed)
- Triple top
- RSI breakdown
Potential Triggers:
- Risk off flows bid up the dollar/ push down the euro
- Potential dollar bid if US data attracts fresh capital
All the best,
AL
Signals from Crypto-Sticks TSI - Long signal on QSPAnother entry for you all in the public library Crypto-Sticks series. More STILL to come! What I particularly love is these indicators give you an added 3rd dimension to viewing them otherwise. You can see how much fluctuation occurred, get better divergence signals, find higher/lower extremes, and use in combination for secondary confirmation!
Here's an example of how to use the Crypto-Sticks TSI for trading signals. I also plotted this range's signals the indicator would've generated. TSI allows you to ride a trend longer than RSI, but its also slightly lagging.
Please remember that you will potentially have to adjust the TSI overbought and oversold levels to suit the volatility of the instrument you are working with. In the future I will implement a feature that does this automatically, but for now its manual.
The OB/OS zones are given in two levels, because often you can find a line of best fit that will hit "small movements" and one that will hit "big movements."
Heiken Ashi (default setting) candles adds some more clear trend changing points which can be executed at the second candle going in either direction. Other coins/charts will require their own strategy - you could potentially have to tweak that parameter. In this example you would enter on 2nd green, exit on 2nd red. Example on HA:
Volume weighting the HA candles adds a different dimension to the indicator which I have to explore more fully. Please note on this indicator i believe it provides no additional value, but I left it in as YMMV. An example of VW+HA:
Enjoying this indicator or find it useful? Please give me a like and follow! There are many more indicators to be released in this series, not to mention I post crypto analysis and other free indicators regularly.
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BTC bull trend confirmed on 4hHeiken Ashi chart on both 4h and 1-day chart validated a bull trend.
Looking at indicators across both time frame, Relative momentum still holds above 50 and Money Flow Index still maintains a positive slope overall.
_1st scenario is we slowly break 8600 and make it a support level (less likely since intraday charts has shown some overbought signals)
_2nd scenario is that we have a small retrace back to 8100 before bouncing back up again. (more likely)
There I recommend watching the next close on 4h candle on candlestick, if we see 2 consecutive 4h red candles and lower low on 30m and 1h chart, then it might be wise to watch 8000 - 8100 to buy back.
Else, any spike in buying volume now will signify a strong bull run, reaching the next test at 8900.
*The past G20 has put a relief on the bulls, the bull break yesterday confirmed this.
Just some opinion by your boy Kidze. Like if you want to receive more update on this idea.
Bitcoin behavior after high volumes.After high volumes, marked as blue arrows BTC has high movements. Beside the red volume bar after first 2 arrows, the prices go up. The third one also red but after it, prices went short up and drop down dramatically. 02-06-2018 the 4th bar is the highest one and the color red again. In my opinion, 6000 BTC/USD is the turning point of BTC. I expect 11500 COINBASE:BTCUSD , 12800 COINBASE:BTCUSD , 14700 COINBASE:BTCUSD and 17000 COINBASE:BTCUSD . As it happened before, between high volume bars 2 months passed each. COINBASE:BTCUSD may go 17000 in 2 months. This is only my expectation(opinion).