PacWest Bancorp Collapse - 90% fall in price 2nd analysis as per pre market on hourly time frame, will wait to see how price reacts against company decision on dividend cuts, will keep add multiple indicators how price is behaving based on certain events in market.
Hiekinashi
$AMD - Upward trend NOW - Hiekin AshiHi All.
Upward trend is now breaking for the $AMD stock, it is OVERSOLD and a green DOJI appeared.
1. Using the Heikin Ashi candles we can see a green 'doji' appear yesterday, which was then followed by a flat bottom green candle today. THIS INDICATES A BULLISH TREND HAS STARTED.
2. On the RSI, this stock is now OVERSOLD. As shown by the circles, the last time this stock was OVERSOLD it was followed by a BULLISH move.
Buy @ 95.59
Sell @ 112
Stop Loss @ 91.69
Disclaimer
When using the Hiekin Ashi candles to swing trade like I do, hold the stock for 7-14 days or until the bullish green candles stop.
DO NOT LOOK AT THE DAILY PERCENTAGE CHANGES AS THIS WILL DISCOURAGE YOU.
If the Hiekin Ashi chart still shows green candles for your move, hold onto the stock.
$BAC - Bank of America - Bullish Move$BAC - Long this stock - 3 indicators confirm the bull trend
1. The Hiekin Ashi candles have indicated a Bullish Move. The bear trend stopped with a large green candle on the Hiekin Ashi chart.
2. The candles have bounced off a common resistance area. Previous areas have shown resistance.
3. The RSI is indicating it has been oversold. Every time this stock has oversold there is a reversal.
4. The Q1 Earnings show great potential for this stock to grow.
Targets - Long the stock
Buy @ 39.57
Sell @ 43.79
Stop Loss @ 38
SHIB reaching breakout levelsBINANCEUS:SHIBUSDT
SHIB seems to be throwing me a buy signal on the Hiekin Ashi chart using the 12/26 EMA crossover
Using the daily chart only as a starting point to reduce the view down to the 1 and 4 hr chart
You can see on the daily that the EMA cross has happened (as long as this daily candle holds bullish)
A daily bullish candle close at current levels would be the 3rd day in a row of bullish candles above previous resistance - a cup and handle pattern will not be looked for imo
Going down to the 1 and 4 hr chart:
We can see a crossover on the 4th of Feb
There is also a crossover on the 1 hr on the 9th of Feb
All crossover proceeded by bullish candles
All bearish candles respecting the 12 EMA and bouncing
There are 3 patterns I see being formed and respected, all wedges: a wedge within a wedge within a wedge
IMO it is too early to tell if the smaller(more micro/local) wedges will assist in breaking resistance of the macro wedge
It is possible that the larger wedge may need more time before an official break
$ZEN TK Cross above cloud.I found a bullish TK cross on $ZEN, the trailing line is above price action and green bullish cloud ahead on 1 day candle chart.
$ZEN missed on earnings but had a solid rally the day after earnings was announced.
Will be looking to enter a trade next week with tight stop.
PT $170 short term
XAUUSD SHORT/ SELL STOPPrice is currently full of downward momentum. My bias is that price will continue to somewhere in the 1750 zone tonight or tomorrow. Price has made a nice little support on the m15 chart. The support is valid because the price has pushed up twice from the same area with major rejections. I have sell stop orders below the support, right beyond the lowest wick rejection. If the price clears the support and the wick then more than likely price will continue further down. I will be using the Heikan Ashi candles as my exit signal. I just want to catch the next bearish rally. So whenever there is a mother green candle formed while the trade is in progress on the m15, I will exit . Let's see if my orders get triggered. RISK MANAGEMENT IS KEY.
BTC Daily Thoughts 15/10/2018BITMEX:XBTUSD
BITFINEX:BTCUSD
BTC Daily THoughts
1w. new week. new horizons. start of the week with the pump to 6800. this move was reletive big and we get double edged heikin ashi candle on the weekly indicating trend is reversing.
3d. another look at the pump move. still didnt get a LONG signal yet. tho shorts are @ pressure.
1D. we see the pump and the immediate retrace to strategy EMA.
lets try to follow what happens with us today at this crazy moves.....
12h. hopium FULL ON
:eyes: on macd seems like it wants to cross to positive hist.
RSI popped up hard followed by the stoch RSI.
1h30min to TF close.
6h. long signal BUT :eyes: on stoch RSI is it is at top almost and if we want UP move to be solid we need to let it cool off at least a bit.
of course on smaller TF a move up is still possible cause till effect gets to this TF it will take some time and PA.
3h. price seems to fixing it self above strategy EMA, which is bull at least on this TF.
But pay extra attention to RSI.
also if we want move up we have to get more BUY volume without it price wont sustain.
1h. :dancer: of seeking support
30min. found support?
:eyes: on RSI
15min. Short Signal. will PA go below strategy EMA?
5min scalp for the brave.
:dancer:
Follow for updates and much more
Read more about the strategy I use here:
Thank you and Trade Safe
BTC Daily Thoughts BITMEX:XBTUSD
BITFINEX:BTCUSD
BTC Daily Thoughts
:dancer:
5min. scalp for the brave. waiting for LONG signal. hardcore scalpers enter before. own your own risk.
15min. pump rejected on this TF.
:eyes: STOCH RSI and RSI in a fight as STOCH curves down and RSI UP. If RSI continues with this momentum then STOCH will follow confirming buy volume enter.
30min. "Gold" Short signal on this TF yesterday right before the DUMP.
Today Im :eyes: when PA tries to pop back to strategy EMA because IMO its a mtter of time before it happens.
1h. Hopium fades away on this TF. Im bearsih and if we bears want to keep eating honey we need the STOCH to do the "stone on water" - bounce a bit from bottom and then break back down.....
:eyes:
2h. volume decreasing.
RSI is curving down.
DONT FORGET that there is lag on indicators as this is the way they are calculated.
4h. PA wont move up till smaller TF start to influence enough to make indicators on this TF move UP.
12h. I always look at 12h to nreak the day into 2 halves. it makes it easier for me to see directiom sometime.
now....after 12 hours like this what do you feel like doing?
BUYING or SELLING? please feel free to comment below
1D. Short Signal On this TF (ALso from 12H) Usually after a big move like that there is a retrace back as PA tries to find support and the right price for market. pay attention and don't rush.
** Didn't mention the Difference between BTFNX premium and Bitmex yet but the difference is big around 100$ at time of typing. this situation puts the market at extra pressure as Bitmex is one of the strong forces in crypto market and its price calculated by different exchanges PAY EXTRA ATTENTION **
Read more about the strategy I follow:
BTC Daily ThoughtsBITMEX:XBTUSD
BITFINEX:BTCUSD
BTC Daily Thoughts
:dancer:
5min. Short signal. short TF scalp for brave.
:eyes: on STOCH cooling of or dropiing ? ( !! )
15min. PA seems to want to test strategy EMA
:eyes: on RSI and MACD
volume is decreasing
30min. after a strong drop PA seeks support.
:eyes: on STOCH if dump comtimues it will break down again (stone on water bounce)
1h. RSI is trying hard to push PA up.
keep watching
4h. after the drop SHORT signal confirmed. many times after drops like this PA first retraces against signal and then reverses back to direction of signal.
this is because many HFT and algo trading is taking place at BTC market. when they spot good signal they programmed to contra trade it for first to contra trade it. pay attention this is not 100% works but in many cases I noticed that it is what happening.
6h. take a look at that MACD hist negative.
Is a bear trap?
Is it a fake bear trap?
IS this the DUMP?
12h. Sell volume entered market and PA didn't sustain.
:eyes: s: on macd
1d. Longs liquidated. volume is now key like always.
Aggressive buyers or sellers are now at war for positioning themselves for market sentiment influence
You can read more about the strategy I use here:
Make sure to follow I try to post analysis everyday
Thank you and Trade Safe
BTC Daily Thoughts BITMEX:XBTUSD
BITFINEX:BTCUSD
BTC Daily Thoughts
:dancer:
5min. will it test the resistance?
will resistence turn support?
15min. Short signal. low volume - easy manipulation in both directions
30min. RSI should curve back up followed by STOCH RSI and macd afterwards
1h. looking for support on strategy ema. will it hold?
4h. :eyes: on macd. if retraces to support macd should stay positive hist.
12H. long signal. we need more volume and close above 6600 on smaller TF to generate momentum UP
:eyes: on MACD, if bull run it should show positive hist.
notice how stoch rsi is cooled off and is ready to be pressed up (maybe)
1D. long signal. liquidate all late and overleveraged traders, bots reacted to signal by contra trading. market "stabilizes" and signal kicks in. no advice keep watching daily volume for confirmation.
My Entry: 6539.5 @ bitmex close target @ 6728
ibb.co
NO ADVICE.
DYOR and BYOR are your best friends
Thank you for reading make sure to follow for more
*** the callouts on main chart on post are from this TF originally :