Fri 18th November 2022 GBP/CHF Daily Forex Chart Buy SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a GBP/CHF Buy. Enjoy the day all. Cheers. Jim
Hidden Bullish RSI Divergence
Thu 10th November 2022 EUR/NZD Daily Forex Chart Buy SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a EUR/NZD Buy. Enjoy the day all. Cheers. Jim
XRP Looking to Nearly Double in ETH ValueXRP is sitting above the 89 and 200 day Moving Averages and has developed some nice looking Hidden Bullish Divergence if it holds out we should atleast see XRP come up to the 1.618 Fibonacci Extension.
Ethereum's activity overall is not looking like a very fun market to sit in however there are many alts that seem to be setting up to take ETH dominance away from the total marketcap of crypto and among that list XRP and LTC rank the highest of all of them.
Tue 8th November 2022 EUR/CAD Daily Forex Chart Buy SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a EUR/CAD Buy. Enjoy the day all. Cheers. Jim
Range bound Nikkei, Bullish mean revThe range bound Nikkei is rebounding off support at 25,750 and heading back to the mean at 27,875 and possibly to the resistance at 30,000. The last pivot low has created bullish hidden divergence which could mean the Nikkei breaks out of its range and rallies higher.
Bitcoins expansive Bollinger Bands suggest Bear Market is endingTLDR
Every time the chart has looked like this bitcoin has had a powerful move to the upside. The easy bet is price will go to the upper limit of the monthly bollingerband before "deciding" if it wans to go higher.
Analysis
The Bollinger bands are a marvelous indicator that helps predict where price action can ranged based off of statistics depending on your lookback period and how many standard deviations you want to include. The default setting suggest that some 95% of price action on the time frame you are looking at will fall in the Bollinger band.
Depending on how price action moves the Bollinger Bands can channel up, channel down, expand or pinch. When the Bollinger bands pinch it is a sign that volatility is dropping. When they expand it is a sign that volatility is increasing. In the examples shown the expansion has predicted that bitcoin will move to the upside and really start to put some pressure on the top of the Bollinger band, moving it upward.
Right now we are just leaving the only time that bitcoin found support on the monthly Bollinger band. We have done so for many months and so far we are being rewarded with a sign of more upside movement.
The RSI and Log MACD suggest that we are at a relatively low and the easiest route is upward. Both have hidden bullish divergence as price has set a higher low but the indicators have set lower lows from the Covid 19 low.
Linked Ideas and my plan
My linked ideas have shown I have consistently been calling the bottom in this range for many months. I think it is still too soon for the top performers of the last bull run to have their time now but I do think some "OG" goings are going to shine, like XRP, Dash, Bch, and XMR and I will be positioning myself into those tokens shortly.
Tue 4th October 2022 AUD/JPY Daily Forex Chart Buy SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a AUD/JPY Buy. Enjoy the day all. Cheers. Jim
Chainlink: Partial Decline With Hidden Bullish DivergenceLink several weeks back bearishly reversed at the top of the local range which lined up with the PCZ of a Bearish Bat and the target i had set for it was the 50-61.8% Retracement because there was a higher probability that Chainlink would reverse Bullishly there to begin to attempt a Partial-Decline.
We've since begun to reverse at that level and are showing Hidden Bullish Divergence on both the MACD and RSI. One would be lead to believe that this is the start.
However as of right now it's unconfirmed until it touches the top of the range again; But we have enough info here to try to front-run the test of the range top and get a better entry today.
Ravencoin Cup With Handle on the Hourly TimeframeRavencoin sits at the 61.8% Rertrace of a Potential Cup With Handle at the PCZ of a Bullish 5-0 with Hidden Bullish Divergence on the RSI. This isn't my most convicted trade ever but i think it's still worth giving decent a shot to see if Raven Can hold this PCZ level, if it does then we could then see Raven make a 200% Retrace to complete the Measured Move of the pattern.
LUNA2 Bullish Dragon #2LUNA2 is testing the Validation Line of it's second Bullish Dragon of the Trading Day right now which could lead to some AB=CD action to the upside if it holds this level.
"N" pattern breakout with a good support in RSI Wonderla holiday can break a strong resistance zone after 4 year by giving breakout of N pattern with good rsi support which make its breakout more strong 💪 soo buy wonderla holidays at 375
Target 382 392 396 404 420
Sl 333
Must buy it !!
Have a profitable portfolio 😊
Wonderla was also a good stock for longterm for our side it has been soon touch the mark of 550-600 for longterm sl will be 259
AUD/USD - 1H - Bullish SetupAUD/USD is in a bullish trend. The price action is aligned with the OBV signalling a strong price to volume convergence. The RSI is also making a LL signalling a possible Hidden Bullish Divergence . Expecting bulls to push prices higher as buyers seem to be in control.
Confluence :
- Bullish Flag chart pattern
- Bullish Harami candlestick pattern
- Price is aligned with volumes (OBV)
- Price is making a HL while RSI is making a LL
Thu 4th Aug 2022 USD/JPY Daily Forex Chart Buy SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a USD/JPY Buy. Enjoy the day all. Cheers. Jim
EURHUF: 4HR Hidden Bullish Divergence at Critical LevelIf this level were to break i think it would have a clear shot down to 386 but if we can get some performance out of this Hidden Bullish Divergence on the 4 Hour then we would be in the early stages of forming a Double Bottom Pattern that at the very least could take us back up to the neckline.
Kadena to make bitcoin look like a stable coinKDABTC has a clear rising wedge structure and since it is at support the next move is primed to be to the upside. There is a lot of hidden bullish divergence on the RSI and MACD (and a host of other indicators) and the Stoch is showing momentum is breaking above the 20 level, which shows price is technically coming out of a downtrend on the weekly timeframe
Drilling down several time frames, there is a inverse head and shoulders on the 4 hour that developed over the last 10 days. There is a strong possibility that that structure marks a the swing low and the price action will now go below that structure again.
Price is poking above the orange trend line and if we can hold that break on the weekly time frame with a whole candle body above the gains are practically in the bag with some patience.
This orange trend line also intersects the wedge support lower down and price action could see a retest of both on a pull back.
KDAUSDT is in several bullish structures. First is a 50-day ascending triangle it is breaking out off right now
And that ascending triangle is at support on a rising wedge that KDAUST had already broken out the top off before returning to support. I see KDAUSDT setting new all-time highs continually over the next several years.
Comparing indicators from different bitcoin bear marketsTLDR: Indicator similarities suggest a strong buy for accumulators.
Introduction
Price actions causes indicator action and so you can see patterns on indicators stemming from price action. As price action tightens you can see different indicators tighten as well. Most tightening actions on charts is formed by triangles or wedges and as this idea will show, there has been tightening on the MACD Histogram and RSI.
Discussion
The MACD Histogram (on standard settings) tracks the distance between the 12 and 26 EMAs. A high positive value means the 12 is high above the 26, a 0 means the EMAs have crossed and a high negative value means the 12 is far below the 26. For the MACD histogram to tighten as it did in the 2018 to 2020 chart and the current chart that means the EMAS have been less volatile because price has been less volatile on the indicator.
Of course the price action has been consistently bearish. There is no way for the gaussian channel to turn from green to red on such a high time frame without that downward price action. But just as narrowing price action suggest energy is getting coiled up prior to a release likewise a tightening MACD histogram suggests a large move is brewing
The RSI provides us with some more information. In the last bear market the tightening on the RSI was mostly sideways which is why it was drawn as a triangle. We don't currently see the RSI going sideways, it is in a falling wedge. This falling wedge suggests that the RSI will ultimately break to the upside with price action. The fact that RSI hit oversold and is under a red gaussian channel is very promising for an upside move as well. It is also comforting for the bulls that the RSI is lower with price at about 19,800 than it was when the wedge began to form at support point 1 in august 2020 than it it is now. The RSI is even lower than during thr Covid dump. This higher low on price but lower low on an indicator is a clear example of hidden bullish divergence. Hidden divergences are my favorite kind of divergences and it is particularly comforting to see them with the RSI at oversold, below a red gaussian channel with a very tight MACD Histogram.
There is a lot more stuff going on with the price action but I don't want to make this a post where I throw "Everything but the kitchen sink" at this idea but I will mention some things. Mr. Bollinger, creator of the Bollinger Bands has pointed out that the price is resting on the monthly BB for the first time in bitcoins history. Followers of the NVT are looking at how undervalued bitcoin is compared to the value transactions on the network. Price is below the weekly Keltner channel which has been a historically great place to buy. Lots of "OG" coins like Dash and BCH are nailing in a higher low on multi-year W patterns. ETHBTC has found support on the 200 EMA and is now fighting resistance at 100 EMA and I think that it will beat that resistance.
It appears that this has been a very technical sell off until we retested the all time high on Bitcoin and Eth and now this horizontal retest has been complete are premier cryptos are primed to have their new highs and then a real and proper multi year beak market. As an example of horizontal retests see silver and golds retest below, which happened in the 2008 financial crisis.
Should price begin to move up taking profit before the 1.618 level seems to be weak handed based on what we can see happened with silver and gold.
My Trades
I have taken longs in ethe, dash, bch and trx. I like the older coins because I think targeting on them is easier than the newer coins and the can offer me enough gains that I will be happy with the outcome of the trades. But I think they will still be correlated with BTC so I have to watch BTC. I also see this move happening over the next 2-3 years due to how long the W patterns will need to play out on Dash, BCH and other "OG" coins. I mentioned Dash on a differnt forum and was pleased to hear so many people considered the project dead, just like many people are saying bitcoin is dead. That is a sign to me that these coins will be in the stealth phase for a while.
My linked ideas go deeper into my rational and my trades.
Tue 19th Jul 2022 EUR/NZD Daily Forex Chart Buy SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a EUR/NZD Buy. Enjoy the day all. Cheers. Jim