I love $AMC and Heikin-Ashi, and here is why:If you look at the weekly chart, since Jun 2020, almost every time a doji or spinning top appeared it was followed by a trend reversal.
Let's watch this unfold over the next weeks.
--------------------------------------------------
Not financial advice. Not a financial advisor. Just for fun and my own education.
Heikin-ashi
BTCUSDTBesides analyzing the mid-term price trend, possible supports and resistances (as shown by Fibonacci levels) are presented .
The 38500k-41500k price range is a significant support zone because both EMA & Fibo levels cover each other, making it more valid. for a healthy price uptrend for bitcoin, we need a pullback to its support (in this strategy= EMA)
Heikin-Ashi system caught the bitcoin move spot on If you were trading my Heikin-ashi system during this bitcoin accumulation zone, this would’ve been a perfect long opportunity.
All signs were directed towards a bull run.
Bullish heikin-ashi doji formed after an impulse leg down, a bullish fractal appeared on the bullish hammer candle that started the move. The stochastic was in an oversold range and started to head up on the heikin-ashi doji.
With a system, always make sure that all signs are ticked before making a trade, in this trade all signs were ticked and therefore this would be a good trade to make at the time. Discipline is key and do not enter trades if something does not feel right about the price action or your system does not fully follow.
2 Potential JPY/USD longs !Japanese Yen has been in a daily downtrend for quite some time, however, recently it has broken out the channel and has created a momentum shift. This indicates that prices may turn imminently.
The price may still go down more as stochastic levels are still around 50 meaning there is still some time to go until the stochastic becomes oversold and starts heading back up again. This bullish sign should occur soon. A good long would be around where the first green line is on the chart where prices recently broke out from.
The price could also go down even further to around where the 2nd green line is, this is where prices can form a double bottom and then break out. This also a strong zone and could be a profitable long if prices go down to this level.
Potential Strong Apple Short !Apple has recently hit an all time high, however, after this all time high a strong bearish heikin-ashi doji formed followed by a long bearish candle. The price seems to be going back up for a retest at the high. The stochastic has been overbought for a while and has just recently entered back in below 80, this is also a bearish sign to consider.
The price may go down further than the red impulse leg on the 19th July and then come back up again for a touch at the top, either enter a short trade now or wait for this to get into a slightly better position.
SPX500 Monthly - Blow off top coming before correction?RSI on the monthly may need to reach at least 85-89 before we see correction. 2008 correction didn't occur until we were above both inner and outer channels here. That said, volume looks similar to what we saw prior to March 2020, but OBV is still almost parabolic. A correction is likely around the corner, but we may see a blow off top before that occurs.
Nothing guaranteed here, so if we get rejected at the top of this inner channel, we could see a more immediate correction instead.
Heikin Ashi candlesticks overview Heikin Ashi candlesticks gives a smoother appearance by reducing some of the market noise, hence making it easier to spots trends and reversals. There is a tendency with Heikin-Ashi for the candles to stay red during a downtrend and green during an uptrend
Heikin-Ashi calculation uses a formula based on two-period averages
How to read Heikin-Ashi candles
Green candles indicate an uptrend and in case with no lower shadows the move can be assumed a strong uptrend
Red candles indicate a downtrend and if with no higher shadows a strong downtrend
Candles with a small body surrounded by upper and lower shadows indicate a potential trend change or trend pause
the Heikin-Ashi candlesticks do not show the exact open and close prices for a particular time period because they are averaged hence who need to exploit quick price moves may find Heikin-Ashi charts are not responsive enough to be useful
For whom interested with Higher Time Frame Candle presentation on lower time frame chart including Heikin-Ashi candles are invited to check HTF Candles
Bitcoin is set to reach its Heikin Ashi 9 bottom on the weekly!Expect BTC to begin to start trending upwards from next week after finally reaching the end of its downtrend by the end of this week. BTC is likely to slowly trend upwards over the next few months before topping out around $150k by December 2021
BTC : Modified Schiff PitchforkPitchforks create a type of trend channel.
The trend is considered active as long as the price stays within the channel.
Reversals occur when price breaks out of the channel.
There is a center median line (trend line), as well as sets of lines above and below that median line.
The additional lines are set a specified number of standard deviations away from the median...
in this example, the additional lines are derived from the numbers 0.25, 0.382, 0.5, 0.618, 0.75, and 1.
Each individual line represents a support/resistance level.
Note the way that price action interacts with the various lines :
Lastly, here are multiple modified schiff pitchfork channels applied :
// Durbtrade
BTC : SAVE THE WORLD Frieza transformed and shorted Btc/Zeni with 500x leverage at the 0.618 fib knowing that King Kai had been hodling since 32k. Now the heikin-ashi are being pulled down with 100x normal gravity. Goku needs to go all in and power up to 40,000 to stand a chance. It will take a 20x kaio-ken kamehameha to get to 50k, and then a massive genki dama to ascend to the ATH. What will happen at the ATH is anyone's guess... but the entire world is at stake! Who will get their wishes granted?
Stay tuned for the stunning conclusion!
// Durbtrade
BTC : SAVE THE WORLD
BTC : SAVE THE WORLD (Hyperbolic Time Chamber)
Hyperbolic Time Chamber
BTC INVERTED : ReckoningBTC INVERTED 1DAY MACD (12, 26, 9)
Triangle
1 macd btc run start to macd ath
2 macd ath to macd atl
3 macd atl to macd btc run start
BTC INVERTED 1DAY HEIKIN-ASHI
Triangle
1 btc run start to btc macd ath
2 btc macd ath to btc 3/25/21 low, dotted extension to triangle top
3 btc macd atl to btc run start
Secondary Right Edge = 3/3/21 ATH to 3/20/21 peak, dotted extension
Colored Rays = btc run start to key highs/lows
INVERTED 1day 300 sma
// Durbtrade
BTC : ReckoningBTC 1DAY MACD (12, 26, 9)
Triangle
1 macd btc run start to macd ath
2 macd ath to macd atl
3 macd atl to macd btc run start
BTC 1DAY HEIKIN-ASHI
Triangle
1 btc run start to btc macd ath
2 btc macd ath to btc 3/25/21 low, dotted extension to triangle bottom
3 btc macd atl to btc run start
Secondary Right Edge = 3/3/21 ATH to 3/20/21 peak, dotted extension
Colored Rays = btc run start to key highs/lows
1day 300 sma
// Durbtrade