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Heikin-ashi

EOSUSD 12 Hour Chart - 60 Days Past & Future. Overall Summary: Overall the last 60 days (from the 15th of December to the 15th of February) were neutral to bullish and I am bullish for the next 7 days. It is worth noting, that the market sentiment has driven the bullish price action in the last 7 days, rather than specific price action worthy news from the security itself. Detailed Summary: This chart uses 12-hour Heikin Ashi Candlesticks with a custom trend bar indicator, Bollinger Bands, 4 MAs (20, 50, 100 & 200), RSI & MACD. Heikin Ashi candlesticks are great for trend and swing trading. Heikin Ashi means ‘average’ in Japanese because these candlesticks ‘average out’ price action vs traditional candlesticks that are based on OHLC (Open High Low Close). By averaging out price action this candlestick style reduces ‘noise’ and generates a much smoother chart pattern. This is helpful for trend traders as it is easier to identify the key trend in the market and to ignore smaller price volatility. During the last two months, the price has ranged by $1.29, opening at $2.66 and closing at $3.65. The price has increased over the period which is a reversal of the long term price trend. Moving Average are also used on this chart to help identify major areas of S&R and general price trend action. I prefer to use simple Moving Averages on the 12-hour time frame. The 200 MA is red, the 100 MA is orange, the 50 MA is yellow and the 20 MA is green. The choice of colours helps me to read the chart and see if price action is bullish or bearish. For example, if the red is on top and the green is on the bottom, it is clearly bullish. It is also important to note that the longer the Moving Average period, the stronger the support and resistance. During the last two months the price has flipped the 50 and 100 day from resistance to support, with the 200 confidently pierced in the last week. The key Support area is $1.6 & 2.2 and key Resistance areas are $3 and 5. I forecast in the next week that price will try and test the $5 resistance before a significant retracement to the $3 area. Bollinger Bands are the two blue bands that ‘wrap’ around the security’s price. The top and bottom are two standard deviations away from the Moving Average. If the market becomes more volatile, the bands widen and vice versa. Historically 90% of the price action occurs with the Bollinger Bands, as the price oscillates around an equilibrium. There it helps us identify where the price is in the oscillating cycle so that we can identify entry/exit points and major price changes (on the 10% chance when price breaks through the Bolling Bands). During the last two months, the Bollinger Bands have contracted by $0.54 from $1.33 to $0.84. The decrease in the Bollinger Bands width was due to decreased price volatility during that period. The wicks broke through the upper band on 13 12-hour candles, lower band on 13 12-hour candles and stayed within the bands on 94 12-hour candles. I forecast in the next week that the Bollinger Bands will increase and the overall trend is bullish. Volume is a key indicator that I use to understand past, current and possibly future price action. Unfortunately, a majority of the exchange volume is fake ‘wash’ trading so it is important to rely on data from reliable exchanges like Binance and BitFinex. Volume that supports price recent action helps strengthen my belief in a specific trend. During this period volume has decreased in convergence with the recent price action until the 8th of February when it has broken out. On a longer-term time frame, the volume is around the 20MA volume line and trending down. I forecast in the next week that the volume will increase and this will support an increase of the price. The RSI is a popular momentum based oscillator that helps us identify what stage in the security’s oscillation cycle it is most likely at. So after identifying the key market trend, we can then apply the RSI to forecast future moves in price action (in terms of velocity and magnitude). This indicator is useful determining entry and exit points, for trend traders like myself, it is used on longer time frames as it is much more reliable. Most of the significant price action occurs around the 30 and 70 areas and ideally what we are looking for is a divergence between the price action and the RSI. During the period the RSI decreased touching the 30 line twice before a bullish failure swing. A bullish failure swing is when: RSI drops below 30 (considered oversold), then RSI bounces back above 30, then RSI pulls back but remains above 30 (remains above oversold) and finally the RSI breaks out above its previous high. In the last week the RSI has crossed the 70 line twice and is now heavily outbought at 88, and ATH for the last 6 months. I forecast in the next week that the RSI will decrease and this indicates a weakening of the uptrend and a consolidation of the price. The MACD is a popular trend following momentum indicator that can help identify a security’s momentum, trend direction, and duration. is a popular trend momentum indicator that can show us a security's overall trend. The core assumption of this indicator is that a security’s price oscillates around an equilibrium. Therefore by looking at the relationship between different MA calculations, we can identify what specific stage a security may be of its oscillation cycle. This is why we have two lines, the first is called the MACD (26 - 12 MA) and the second is called a Signal line (9 MA). We also have a Histogram (MACD-Signal Line), which is the 1st thing I look at. Finally, there is the Zero line, which is basically when the 26 and the 12 MA are equal. The MACD, that combines several indicators, is worth watching when one or more of the following happens: crossovers (MACD/Signal/Histogram and Zero line), convergences/divergences between price and rapid changes. During this period the MACD the line crossed below the Signal line (on the 25th of December) which was a bearish trend. The MACD then the line crossed below the Zero line (on the 12th of January) which was a bearish trend in convergence with the price consolidation. The MACD oscillated around the zero line for several weeks of price consolidation. But on the 8th of February the MACD crossed both the Signal line and the Zero line rapidly and has since approached 6 month ATHs. I forecast in the next week that the MACD will decrease and this indicates a weakening of the uptrend and consolidation of the price. References: Heikin Ashi summary - www.investopedia.com Moving Average summary - www.investopedia.com Support and Resistance summary - www.investopedia.com Bollinger Bands summary - www.investopedia.com Fake exchange volume summary - www.blockchaintransparency.org RSI summary - www.investopedia.com MACD concise summary - www.investopedia.com
BITFINEX:EOSUSDLong
by CarbiArbittrage
Tron TRX Daily Heikin Ashi MA BB RSI MACOverall Summary: Overall the last 7 days (from the 25th to the 31st of January) were neutral and I am bearish for the next 7 days. After a two month uptrend, and the issuance of the BitConnect Token (BTT), I believe that we will see a significant medium term down trend. Detailed Summary: This chart uses daily Heikin Ashi Candlesticks with a custom trend bar indicator, Bollinger Bands, 4 MAs (20, 50, 100 & 200), RSI & MACD. Heikin Ashi candlesticks are great for trend and swing trading. Heikin Ashi means ‘average’ in Japanese because these candlesticks ‘average out’ price action vs traditional candlesticks that are based on OHLC (Open High Low Close). By averaging out price action this candlestick style reduces ‘noise’ and generates a much smoother chart pattern. This is helpful for trend traders as it is easier to identify the key trend in the market and to ignore smaller price volatility. During the last week the price has ranged by $.05, opening at $0.26 and closing at $0.26. The price has peaked over the period at 0.31 and the declined but is still in continuation with the long term pattern. Moving Average are also used on this chart to help identify major areas of S&R and general price trend action. I prefer to use simple Moving Averages on the daily time frame. The 200 MA is red, the 100 MA is orange, the 50 MA is yellow and the 20 MA is green. The choice of colours helps me to read the chart and see if price action is bullish or bearish. For example, if the red is on top and the green is on the bottom, it is clearly bullish. It is also important to note that the longer the Moving Average period, the stronger the support and resistance. During the last week the price is closest to the 20 Moving Average and during this period it has trended around the 20 Moving Average. The 200 Moving Average is currently acting as resistance while the 50 Moving Average is acting as support. The key Support area is $0.21, 0.18 and 0.13 and key Resistance areas is $0.35. I forecast in the next week that price will test the next support area. Bollinger Bands are the two blue bands that ‘wrap’ around the security’s price. The top and bottom are two standard deviations away from the Moving Average. If the market becomes more volatile, the bands widen and vice versa. Historically 90% of the price action occurs with the Bollinger Bands, as the price oscillates around an equilibrium. There it helps us identify where the price is in the oscillating cycle so that we can identify entry/exit points and major price changes (on the 10% chance when price breaks through the Bolling Bands). During the last week the Bollinger Bands have contracted 0.01 by $ from $0.07 to $0.06. The decrease in the Bollinger Bands width was due to decreased price volatility during the last week. The wicks broke through the upper band on 2 daily candles, lower band on 0 daily candles and stayed within the bands on 5 daily candles. I forecast in the next week that the Bollinger Bands will increase and overall trend is bearish. Volume is a key indicator that I use to understand past, current and possibly future price action. Unfortunately a majority of the exchange volume is fake ‘wash’ trading so it is important to rely on data from reliable exchanges like Binance and BitFinex. Volume that supports price recent action helps strengthen my belief in a specific trend. During this period volume has decreased in divergence with the recent price action. On a longer term time frame, the volume is below the 20MA volume line. I forecast in the next week that the volume will increase and this will support a decrease of price. Volume Profile Visible Range (VPVR) indicator show volume by price as a horizontal histogram for the charts visible range. This provides additional insight over traditional volume indicators that are only based on time. By clearly seeing what volume occurred at specific price levels, I can more easily identify key areas of S&R. Two key things to identify are the: POC (Point of Control) which is the price level with the highest volume for a specific period, and the VA (Value Area) which is where 70% of the volume occurred. While VAH (Value Area High) and VAL (Value Area Low) are also worth noting. During the period the VPVR POC was at 0.28 and the VA occurred between 0.26 and 0.28. Overall, the volume profile is bearish and is in convergence with price action. The RSI is a popular momentum based oscillator that helps us identify what stage in the security’s oscillation cycle it is most likely at. So after identifying the key market trend we can then apply the RSI to forecast future moves in price action (in terms of velocity and magnitude). This indicator is useful determining entry and exit points, for trend traders like myself, it is used on longer time frames as it is much more reliable. Most of the significant price action occurs around the 30 and 70 areas and ideally what we are looking for is divergence between the price action and the RSI. During the period the RSI decreased by 9, from 65 to 56 and it is in divergence with the recent price action. It has demonstrated a bearish failure swing is when the RSI rises above 70 (considered overbought), RSI drops back below 70 then RSI rises slightly but remains below 70 (remains below overbought) and finally RSI drops lower than its previous low. I forecast in the next week that the RSI will decrease and this indicates a decrease of price. The MACD is a popular trend following momentum indicator that can help identify a security’s momentum, trend direction and duration. is a popular trend momentum indicator that can show us a security's overall trend. The core assumption of this indicator is that a security’s price oscillates around an equilibrium. Therefore by looking at the relationship between different MA calculations, we can identify what specific stage a security maybe of it oscillation cycle. This is why we have two lines, the first is called the MACD (26 - 12 MA) and the second is called a Signal line (9 MA). We also have a Histogram (MACD-Signal Line), which is the 1st thing I look at. Finally there is the Zero line, which is basically when the 26 and the 12 MA are equal. The MACD , that combines several indicators, is worth watching when one or more of the following happens: crossovers (MACD/Signal/Histogram and Zero line), convergences/divergences between price and rapid changes. During this period the MACD has decreased in divergence with the recent price action. The MACD line crossed below the Signal line (on the 30th) which was a bearish trend in divergence with the price action. The MACD histogram crossed below the Zero line (on the X) which was a bearish trend in divergence with the price action. I forecast in the next week that the MACD will decrease over the next week and this indicates decrease of price. References: Heikin Ashi summary - www.investopedia.com Moving Average summary - www.investopedia.com Support and Resistance summary - www.investopedia.com Bollinger Bands summary - www.investopedia.com Fake exchange volume summary - www.blockchaintransparency.org RSI summary - www.investopedia.com MACD concise summary - www.investopedia.com
BITFINEX:TRXUSDShort
by CarbiArbittrage
BTC 4 Hr - Heikin Ashi, MA, BB, RSI +Overall Summary: Overall the last 7 days (9th - 16th of January, 2018) were bearish and I am bearish for the next 7 days. Bitcoin is trading in the $4000 to $3500 range during the last week, 81.7% down from the ATHs, with a market cap of $63 billion. The chart indicates a continuation of the current down trend. The price is closest to the 20 MA with a trend towards the 200 MA. The volume has decreased over the last week, which is supporting the current price action. The RSI decreased in convergence with the recent price action, a bearish signal. Finally the MACD decreased in convergence/divergence with the recent price action, a bearish signal. Detailed Summary: This chart uses 4 hour Heikin Ashi Candlesticks with a custom trend bar indicator, Bollinger Bands, 4 MAs (20, 50, 100 & 200), RSI & MACD. Heikin Ashi candlesticks are great for trend and swing trading. Heikin Ashi means ‘average’ in Japanese because these candlesticks ‘average out’ price action vs traditional candlesticks that are based on OHLC (Open High Low Close). By averaging out price action this candlestick style reduces ‘noise’ and generates a much smoother chart pattern. This is helpful for trend traders as it is easier to identify the key trend in the market and to ignore smaller price volatility. During the last week the price has ranged by $500, opening at $4000 and closing at $3600. The price has decreased over the period which is a continuation of the long term price trend. From the 11th to the 14th we experience consecutive spinning tops and spinning dojis, indicating low volume and major indecision in the market. Moving Average are also used on this chart to help identify major areas of S&R and general price trend action. I prefer to use simple Moving Averages on the 4 hour time frame. The 200 MA is red, the 100 MA is orange, the 50 MA is yellow and the 20 MA is green. The choice of colours helps me to read the chart and see if price action is bullish or bearish. For example, if the red is on top and the green is on the bottom, it is clearly bullish. It is also important to note that the longer the Moving Average period, the stronger the support and resistance. During the last week the price is closest to the 20 Moving Average and during this period it has trended towards the 200 Moving Average. The 200 Moving Average is currently acting as resistance while the 20 Moving Average is acting as support. The key Support area is $3300 and key Resistance areas is $3600. I forecast in the next week that price will test the next support area. Bollinger Bands are the two blue bands that ‘wrap’ around the security’s price. The top and bottom are two standard deviations away from the Moving Average. If the market becomes more volatile, the bands widen and vice versa. Historically 90% of the price action occurs with the Bollinger Bands, as the price oscillates around an equilibrium. There it helps us identify where the price is in the oscillating cycle so that we can identify entry/exit points and major price changes (on the 10% chance when price breaks through the Bolling Bands). During the last week the Bollinger Bands have contracted/expanded from $X to $X. The increase/decrease in the Bollinger Bands width was due to increased/decreased price volatility during the last week. The wicks broke through the upper band on 2 4 hour candles, lower band on 10 4 hours candles and stayed within the bands on 32 4 hr candles. I forecast in the next week that the Bollinger Bands will increase and overall trend is bearish. Volume is a key indicator that I use to understand past, current and possibly future price action. Unfortunately a majority of the exchange volume is fake ‘wash’ trading so it is important to rely on data from reliable exchanges like Binance and BitFinex. Volume that supports price recent action helps strengthen my belief in a specific trend. During this period volume has slightly decreased in convergence with the recent price action. On a longer term time frame, the volume is in convergence with the long term trends. I forecast in the next week that the volume will decrease and this will support a decrease of price. The RSI is a popular momentum based oscillator that helps us identify what stage in the security’s oscillation cycle it is most likely at. So after identifying the key market trend we can then apply the RSI to forecast future moves in price action (in terms of velocity and magnitude). This indicator is useful determining entry and exit points, for trend traders like myself, it is used on longer time frames as it is much more reliable. Most of the significant price action occurs around the 30 and 70 areas and ideally what we are looking for is divergence between the price action and the RSI. During the period the RSI decreased to 38 and it is in convergence with the recent price action. It is demonstrated a bearish failure swing is when the RSI rises above 70 (considered overbought), RSI drops back below 70 then RSI rises slightly but remains below 70 (remains below overbought) and finally RSI drops lower than its previous low. No it is demonstrating a bullish failure swing is when: RSI drops below 30 (considered oversold), then RSI bounces back above 30, then RSI pulls back but remains above 30 (remains above oversold). I am watching to see if it bounces and breaks above the previous high, it am doubtful. I forecast in the next week that the RSI will decrease over the next week and this indicates a decrease of price. The MACD is a popular trend following momentum indicator that can help identify a security’s momentum, trend direction and duration. is a popular trend momentum indicator that can show us a security's overall trend. The core assumption of this indicator is that a security’s price oscillates around an equilibrium. Therefore by looking at the relationship between different MA calculations, we can identify what specific stage a security maybe of it oscillation cycle. This is why we have two lines, the first is called the MACD (26 - 12 MA) and the second is called a Signal line (9 MA). We also have a Histogram (MACD-Signal Line), which is the 1st thing I look at. Finally there is the Zero line, which is basically when the 26 and the 12 MA are equal. The MACD , that combines several indicators, is worth watching when one or more of the following happens: crossovers (MACD/Signal/Histogram and Zero line), convergences/divergences between price and rapid changes. During this period the MACD has decreased in convergence with the recent price action. The MACD line crossed below the Signal line on the 9th which was a bearish trend in divergence with the price action at the time, but 24 hrs later price followed suit. The MACD line crossed below the Zero line on the 10th, which was a bearish trend in convergence with the price action. The histogram crossed above the Zero line on the 13th which was a bullish trend in divergence with the price action. I forecast in the next week that the MACD will decrease and this indicates a decrease of price. References: Heikin Ashi summary - www.investopedia.com Moving Average summary - www.investopedia.com Support and Resistance summary - www.investopedia.com Bollinger Bands summary - www.investopedia.com Fake exchange volume summary - www.blockchaintransparency.org RSI summary - www.investopedia.com MACD concise summary - www.investopedia.com
GEMINI:BTCUSDShort
by CarbiArbittrage
BTC 12 Hr - Heikin Ashi, MA, BB, RSI +Overall Summary: Overall the last 7 days (9th - 16th of January, 2018) were bearish and I am bearish for the next 7 days. Bitcoin is trading in the $4000 to $3500 range during the last week, 81.7% down from the ATHs, with a market cap of $63 billion. The chart indicates a continuation of the current down trend. The price is closest to the 100 MA with a trend towards the 100 MA. The volume has decreased over the last week, which is supporting the current price action. The RSI consolidated in convergence with the recent price action, a bearish signal. Finally the MACD decreased in convergence with the recent price action, but with some divergence in the last few days, overall a bearish signal. Detailed Summary: This chart uses 12 hour Heikin Ashi Candlesticks with a custom trend bar indicator, Bollinger Bands, 4 MAs (20, 50, 100 & 200), RSI & MACD. Heikin Ashi candlesticks are great for trend and swing trading. Heikin Ashi means ‘average’ in Japanese because these candlesticks ‘average out’ price action vs traditional candlesticks that are based on OHLC (Open High Low Close). By averaging out price action this candlestick style reduces ‘noise’ and generates a much smoother chart pattern. This is helpful for trend traders as it is easier to identify the key trend in the market and to ignore smaller price volatility. During the last week the price has ranged by $500, opening at $4000 and closing at $3600. The price has decreased over the period which is a continuation of the long term price trend. Moving Average are also used on this chart to help identify major areas of S&R and general price trend action. I prefer to use simple Moving Averages on the 12 hour time frame. The 200 MA is red, the 100 MA is orange, the 50 MA is yellow and the 20 MA is green. The choice of colours helps me to read the chart and see if price action is bullish or bearish. For example, if the red is on top and the green is on the bottom, it is clearly bullish. It is also important to note that the longer the Moving Average period, the stronger the support and resistance. During the last week the price is closest to the 100 Moving Average and during this period it has trended towards/around the 100 Moving Average. The 100 Moving Average is currently acting as resistance while no Moving Average is acting as support. The key Support area is $3300 and key Resistance areas is $3600. I forecast in the next week that price will test the next support area. Bollinger Bands are the two blue bands that ‘wrap’ around the security’s price. The top and bottom are two standard deviations away from the Moving Average. If the market becomes more volatile, the bands widen and vice versa. Historically 90% of the price action occurs with the Bollinger Bands, as the price oscillates around an equilibrium. There it helps us identify where the price is in the oscillating cycle so that we can identify entry/exit points and major price changes (on the 10% chance when price breaks through the Bolling Bands). During the last week the Bollinger Bands have expanded from $450 to $700. The increase in the Bollinger Bands width was due to increased price volatility during the last week. The wicks broke through the upper band on 0 half days, lower band on 3 half days and stayed within the bands on 12 half days. I forecast in the next week that the Bollinger Bands will consolidate and overall trend is bearish. Volume is a key indicator that I use to understand past, current and possibly future price action. Unfortunately a majority of the exchange volume is fake ‘wash’ trading so it is important to rely on data from reliable exchanges like Binance and BitFinex. Volume that supports price recent action helps strengthen my belief in a specific trend. During this period volume has decreased in convergence with the recent price action. On a longer term time frame, the volume is in convergence with the long term trends. I forecast in the next week that the volume will decrease and this will support a decrease of price. The RSI is a popular momentum based oscillator that helps us identify what stage in the security’s oscillation cycle it is most likely at. So after identifying the key market trend we can then apply the RSI to forecast future moves in price action (in terms of velocity and magnitude). This indicator is useful determining entry and exit points, for trend traders like myself, it is used on longer time frames as it is much more reliable. Most of the significant price action occurs around the 30 and 70 areas and ideally what we are looking for is divergence between the price action and the RSI. During the period the RSI consolidated to 38 and it is in convergence with the recent price action. It is demonstrating a bullish failure swing is when: RSI drops below 30 (considered oversold), then RSI bounces back above 30, then RSI pulls back but it is currently above 30 (remains above oversold). I am watching to see if it bounces above 30 strongly, a bullish sign. Otherwise if it drops below 30 I expect more bearish price pressure. I forecast in the next week that the RSI will decrease over the next week and this indicates a decrease of price. The MACD is a popular trend following momentum indicator that can help identify a security’s momentum, trend direction and duration. is a popular trend momentum indicator that can show us a security's overall trend. The core assumption of this indicator is that a security’s price oscillates around an equilibrium. Therefore by looking at the relationship between different MA calculations, we can identify what specific stage a security maybe of it oscillation cycle. This is why we have two lines, the first is called the MACD (26 - 12 MA) and the second is called a Signal line (9 MA). We also have a Histogram (MACD-Signal Line), which is the 1st thing I look at. Finally there is the Zero line, which is basically when the 26 and the 12 MA are equal. The MACD , that combines several indicators, is worth watching when one or more of the following happens: crossovers (MACD/Signal/Histogram and Zero line), convergences/divergences between price and rapid changes. During this period the MACD has decreased in convergence with the recent price action but since the 14th it has started to increase in divergence with the recent price action. in the last . The MACD line crossed below the Signal line which was a bearish trend in convergence with the price action on the 10th. The MACD line crossed below the Zero line which was a bearish trend in convergence with the price action on the 11th. The histogram crossed below the Zero line which was a bearish trend in convergence with the price action. I forecast in the next week that the MACD will consolidate and then increase over the next week and this indicates decrease and then consolidation of price. References: Heikin Ashi summary - www.investopedia.com Moving Average summary - www.investopedia.com Support and Resistance summary - www.investopedia.com Bollinger Bands summary - www.investopedia.com Fake exchange volume summary - www.blockchaintransparency.org RSI summary - www.investopedia.com MACD concise summary - http
GEMINI:BTCUSDShort
by CarbiArbittrage
BTC Daily - Heikin Ashi, MA, L&S/RatiosOverall Summary: Overall the last 7 days were bearish and I am bearish for the next 7 days. Bitcoin is trading in the $3600 to $4200 range during the last week, 81.5% down from the ATHs, with a market cap of $63 billion. The chart indicates a continuation of the current downtrend. The price is closest to the 50 MA with a trend towards the 50 MA. The volume has decreased over the last week, which is supporting the current price action. The Longs have decreased while the Shorts have has decreased during the last week. The L/S Ratio has decreased in convergence with the recent price action, a bearish signal. Finally the ATR has increased indicating an increase of market volatility. Detailed Summary: This chart uses daily Heikin Ashi Candlesticks with a custom trend bar indicator, 4 MAs (20, 50, 100 & 200), L&S, L/S Ratio & ATR Heikin Ashi candlesticks are great for trend and swing trading. Heikin Ashi means ‘average’ in Japanese because these candlesticks ‘average out’ price action vs traditional candlesticks that are based on OHLC (Open High Low Close). By averaging out price action this candlestick style reduces ‘noise’ and generates a much smoother chart pattern. This is helpful for trend traders as it is easier to identify the key trend in the market and to ignore smaller price volatility. During the last week the price has ranged by $500, opening at $3800 and closing at $3600. The price has decreased over the period which is a continuation of the long term price trend. Moving Average are also used on this chart to help identify major areas of S&R and general price trend action. I prefer to use simple Moving Averages on the daily time frame. The 200 MA is red, the 100 MA is orange, the 50 MA is yellow and the 20 MA is green. The choice of colours helps me to read the chart and see if price action is bullish or bearish. For example, if the red is on top and the green is on the bottom, it is clearly bullish. It is also important to note that the longer the Moving Average period, the stronger the support and resistance. During the last week the price is closest to the 50 Moving Average and during this period it has trended around the 50 Moving Average. The 50 Moving Average is currently acting as resistance while the 20 Moving Average is acting as support. The key Support area is $3300 and key Resistance areas is $4200. I forecast in the next week that price will test the next support area. Volume is a key indicator that I use to understand past, current and possibly future price action. Unfortunately a majority of the exchange volume is fake ‘wash’ trading so it is important to rely on data from reliable exchanges like Binance and BitFinex. Volume that supports price recent action helps strengthen my belief in a specific trend. During this period volume has decreased in convergence with the recent price action. On a longer term time frame, the volume is in convergence with the long term trends. I forecast in the next week that the volume will decrease and this will support a decrease of price. The Longs & Shorts data is from BitFinex, one of only two professional trade contracts exchanges with sufficient volume in the space, the other is BitMex. The number of contracts and the difference between the total longs vs short contracts is a valuable sentiment indicator. If there are too more longs than shorts, it implies that the market is currently more bullish. Extensive market manipulation by exchanges and whales, along with liquidity issues, often results in questionable market behaviour. Therefore longing and shorting with leverage, should nearly always be hedged and include very tight stop losses and realistic take profit targets. During the period the Longs decreased to 30,500 and the Shorts decreased to 23,000. The difference between Longs and Shorts is 7,500, a decrease of 2,000 during the period. When Longs & Shorts decrease and L&S slowly exits this means longs taken profit, shorts stopped which indicates a bearish reversal. I forecast over the next week that the Longs will decrease and the Shorts will decrease, which is bearish for the price. The L/S Ratio (Long/Short) is a popular barometer for investment sentiment. It is calculated by dividing the amount of security short selling (long) divided the actual amount borrowed and sold (short). If the Ratio is 1, then we have an equal amount of shorts and longs. This market oscillates and it is considered over-long or short if the ratio is higher than 60:40. This would imply a 0.66 short ratio or a 1.5 long ratio. More conservatively anything under 0.85 is over-shorted or over 1.25 is over longed. If this ratios are meet, the likelihood of a squeeze increases significantly. During this period the L/S Ratio decreased to 1.3 in convergence with the recent price action. This has decreased the probability of a long squeeze. I forecast in the next week that the L/S Ratio will decrease and this signals a decrease of price. The ATR (Average True Range) is a moving average indicator that measures volatility in the market. It is calculated by averaging the price volatility over a given period of time, say a week. ATR is a valuable risk management tool as it provides a clear signal of when markets are turning volatile or consolidating. As a trend trader using leverage, it guides me on setting stop losses and take profits levels while also telling me when to stay out of the market. During this period the ATR increased by 22 to 220. This signals an increase in market volatility. I forecast in the next week that the ATR will consolidate and this signals a decrease of price action and an decrease of price. References: Heikin Ashi summary - www.investopedia.com Moving Average summary - www.investopedia.com Support and Resistance summary - www.investopedia.com Fake exchange volume summary - www.blockchaintransparency.org Long summary - www.investopedia.com Short summary - www.investopedia.com L/S Ratio sumary - www.investopedia.com ATR summary - www.investopedia.com
GEMINI:BTCUSDShort
by CarbiArbittrage
BTC Daily - Heikin Ashi, MA (20,50,100,200), BB, RSI & MACDOverall Summary: Overall I am bearish. Bitcoin is trading in the $3600 to $4200 range during the last week, 81.5% down from the ATHs, with a market cap of $63 billion. The chart indicates a continuation of the current downtrend. The price is closest to the 50 MA with a trend towards the 50 MA. The volume has decreased over the last week, which is supporting the current price action. The RSI decreased in convergence with the recent price action, a bearish signal. Finally the MACD crossed below the Signal and Zero line, along with Histogram crossing below the Zero Line, in convergence with the recent price action, a bearish signal. Detailed Summary: This chart uses weekly Heikin Ashi Candlesticks with a customer trend bar indicator, Bollinger Bands, 4 MAs (20, 50, 100 & 200), RSI & MACD. Heikin Ashi candlesticks are great for trend and swing trading. Heikin Ashi means ‘average’ in Japanese because these candlesticks ‘average out’ price action vs traditional candlesticks that are based on OHLC (Open High Low Close). By averaging out price action this candlestick style reduces ‘noise’ and generates a much smoother chart pattern. This is helpful for trend traders as it is easier to identify the key trend in the market and to ignore smaller price volatility. During the last week the price has ranged by $500, opening at $4050 and closing at $3600. The price has decreased over the period which is a continuation of the long term price trend. The price is closest to the 50 Moving Average and during this period it has trended below the 50 Moving Average. The 20/50/100/200 Moving Average is currently acting as resistance while the 20/50/100/200 Moving Average is acting as support. The key Support and Resistance areas are $3309 and $3686. I forecast that price will increase/decrease/consolidate over the next week. Bollinger Bands are the two blue bands that ‘wrap’ around the security’s price. The top and bottom are two standard deviations away from the Moving Average. If the market becomes more volatile, the bands widen and vice versa. Historically 90% of the price action occurs with the Bollinger Bands, as the price oscillates around an equilibrium. There it helps us identify where the price is in the oscillating cycle so that we can identify entry/exit points and major price changes (on the 10% chance when price breaks through the Bolling Bands). During the last week the Bollinger Bands have expanded from $350 to $X550. The increase in the Bollinger Bands width was due to increased price volatility during the last week. The wicks broke through the upper band on 3 days, lower band on 5 days and stayed within the bands on 0 days. I forecast that Bollinger Bands will increase over the next week and overall trend is bearish. Volume is a key indicator that I use to understand past, current and possibly future price action. Unfortunately a majority of the exchange volume is fake ‘wash’ trading so it is important to rely on data from reliable exchanges like Binance and BitFinex. Volume that supports price recent action helps strengthen my belief in a specific trend. During this period volume has decreased in convergence with the recent price action. On a longer term time frame, the volume is in confluence with the long term trends. I forecast that volume will decrease and this will support a decrease of price over the next week. The RSI is a popular momentum based oscillator that helps us identify what stage in the security’s oscillation cycle it is most likely at. So after identifying the key market trend we can then apply the RSI to forecast future moves in price action (in terms of velocity and magnitude). This indicator is useful determining entry and exit points, for trend traders like myself, it is used on longer time frames as it is much more reliable. Most of the significant price action occurs around the 30 and 70 areas and ideally what we are looking for is divergence between the price action and the RSI. During the period the RSI decreased to 35 and it is in confluence with the recent price action. It has demonstrated a bearish failure swing is when the RSI rises towards 70 (considered overbought) and then RSI drops back below drops lower than its previous low. I forecast that RSI will decrease over the next week and this indicates a decrease of price over the next week. The MACD is a popular trend following momentum indicator that can help identify a security’s momentum, trend direction and duration. is a popular trend momentum indicator that can show us a security's overall trend. The core assumption of this indicator is that a security’s price oscillates around an equilibrium. Therefore by looking at the relationship between different MA calculations, we can identify what specific stage a security maybe of it oscillation cycle. This is why we have two lines, the first is called the MACD (26 - 12 day MA) and the second is called a Signal line (9 day MA). We also have a Histogram (MACD-Signal Line), which is the 1st thing I look at. Finally there is the Zero line, which is basically when the 26 and the 12 day are equal. The MACD , that combines several indicators, is worth watching when one or more of the following happens: crossovers (MACD/Signal/Histogram and Zero line), convergences/divergences between price and rapid changes. During this period the MACD has decreased in convergence with the recent price action. The MACD line crossed below the Signal line which was a bearish trend in convergence with the price action. The MACD crossed below the Zero line which was a bearish trend in convergence with the price action. And the MACD histogram crossed below the Zero line which was a bearish trend in convergence with the price action. I forecast that MACD will decrease over the next week and this indicates decrease of price over the next week. References: Heikin Ashit summary - www.investopedia.com Moving Average summary - www.investopedia.com Support and Resistance summary - www.investopedia.com Bollinger Bands summary - www.investopedia.com Fake exchange volume summary - www.blockchaintransparency.org RSI summary - www.investopedia.com MACD concise summary - www.investopedia.com
BITFINEX:BTCUSDShort
by CarbiArbittrage
BTCW V.1 Chart - Heikin Ashi, MA 20, 50, 100 & 200, RSI & MACDOverall Summary: Overall I am bearish. Bitcoin is trading in the $3600 to $4200 range during the last week, 81.5% down from the ATHs, with a market cap of $63 billion. The chart indicates a continuation of the current downtrend. The price is closest to the 200 MA with a trend towards the 200 MA. The volume has decreased slightly over the last week, which is support the current price action. While the RSI and MACD is is also in confluence with the price action over the last week with both signalling bearish price action. Detailed Summary: This chart uses weekly Heikin Ashi Candlesticks with 4 MAs (20, 50, 100 & 200), RSI & MACD. Heikin Ashi candlesticks are great for trend and swing trading. Heikin Ashi means ‘average’ in Japanese because these candlesticks ‘average out’ price action vs traditional candlesticks that are based on OHLC (Open High Low Close). By averaging out price action this candlestick style reduces ‘noise’ and generates a much smoother chart pattern. This is helpful for trend traders as it is easier to identify the key trend in the market and to ignore smaller price volatility. During the last week the price has ranged by $500, opening at $4000 and closing at $3600. The price has decreased over the period which is a continuation of the long term price trend. The price is closest to the 200 Moving Average and during this period it has trended towards the 200 Moving Average. The 50 Moving Average is currently acting as resistance while the 200 Moving Average is acting as support. The key Support and Resistance areas are $3686 and $4185. I forecast that price will decrease over the next week. Volume is a key indicator that I use to understand past, current and possibly future price action. Unfortunately a majority of the exchange volume is fake ‘wash’ trading so it is important to rely on data from reliable exchanges like Binance and BitFinex. Volume that supports price recent action helps strengthen my belief in a specific trend. During this period volume has decreased in confluence with the recent price action. On a longer term time frame, the volume is in confluence with the long term trends. I forecast that volume will decrease and this will support a decrease of price over the next week. The RSI is a popular momentum based oscillator that helps us identify what stage in the security’s oscillation cycle it is most likely at. So after identifying the key market trend we can then apply the RSI to forecast future moves in price action (in terms of velocity and magnitude). This indicator is useful determining entry and exit points, for trend traders like myself, it is used on longer time frames as it is much more reliable. Most of the significant price action occurs around the 30 and 70 areas and ideally what we are looking for is divergence between the price action and the RSI. During the period the RSI increased/decreased/consolidated to X and it is in confluence/divergence with the recent price action. It has demonstrated a bearish failure swing is when the RSI rises above 30 (considered overbought), RSI drops back below 30 then RSI rises slightly but remains below 30 (remains below oversold) and finally RSI drops lower than its previous low. I forecast that RSI will decrease over the next week and this indicates decrease of price over the next week. The MACD is a popular trend following momentum indicator that can help identify a security’s momentum, trend direction and duration. is a popular trend momentum indicator that can show us a security's overall trend. The core assumption of this indicator is that a security’s price oscillates around an equilibrium. Therefore by looking at the relationship between different MA calculations, we can identify what specific stage a security maybe of it oscillation cycle. This is why we have two lines, the first is called the MACD (26 - 12 day MA) and the second is called a Signal line (9 day MA). We also have a Histogram (MACD-Signal Line), which is the 1st thing I look at. Finally there is the Zero line, which is basically when the 26 and the 12 day are equal. The MACD , that combines several indicators, is worth watching when one or more of the following happens: crossovers (MACD/Signal/Histogram and Zero line), convergences/divergences between price and rapid changes. During this period the MACD has decreased in confluence with the recent price action. The MACD line remained below the Signal line which was a bearish trend in convergence with the price action. The histogram is trending towards the Zero line which was a bullish trend in divergence with the price action. I forecast that MACD will decrease over the next week and this indicates decrease of price over the next week. References: Heikin Ashi concise summary - www.investopedia.com Moving Average concise summary - www.investopedia.com Support and Resistance summary - www.investopedia.com Fake exchange volume summary - www.blockchaintransparency.org RSI concise summary - www.investopedia.com MACD concise summary - www.investopedia.com
BITFINEX:BTCUSDShort
by CarbiArbittrage