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Link USD trading idea and Getting out of trading slump tipspHello everyone. We are back with another cryptocurrency, technical analysis, this one featuring Link. If you can tell by my lack of blog posts, I haven't been in the "Zone" recently. I have been looking at charts, completely unsure of what is happening. There are so many possible wave counts that start flowing through my head, and I lose track of everything around me. Fun fact, this whole day, I have been crippled by my inability to figure out what is happening in the S&P500 and with bitcoin. After forcing myself away from the computer for a couple hours, and coming back later in the day, I realized that when I am confused, I just have to count the waves as precisely as I can. I got so used to clear and clean wave counts, that now, when things don't seem so clear, I am confused. I am confident now, that if I stick looking at the exact waves, I'll have a better time understanding why certain moves are happening. So this is hope for all of you out there. If you ever feel lost, just go back to the basics and the rules of what you know. Anyway, enough with the pep talk, let's get into the analysis. Elliottwave analysis: What are we seeing? On the 2 hour time frame, we are able to get a good bird's eye view of the past couple of days. We can see that we have completed an impulsive wave to the upside, and we are about to start the wave c down to the 0.5 area. I think that we have finished the wave B, because we have bounced off of the 0.618 retracement of the wave A, which is a good target for the end of the wave B, and we have also completed all three waves for wave B, with the A and C matching almost exactly 1:1. The reason I am targeting the 0.5 retracement of the larger wave, is because it is the wave 4 low and will provide a strong support for us. The stop loss I have set is the 11.4247 range. Other confounding factors include a very bullishly diverging macd.( we can see that the wave 3 and 5 have had much higher highs on the price action, and much lower highs on the RSI. In addition to this, the macd is looking QUITE bearish, showing us two lower peaks, and a histogram that is getting higher highs on the downside. All in all, I hope you can find some information and some profits from this trade. Until next time, happy trading, and enjoy the rest of your week.
BITFINEX:LINKUSDShort
by Mika_k
Call me crazy (ADA USD)Hey everyone, my old T.A got wiped out right before I posted, so I am going to give you the summary since I need to go to bed. Basically, we can expect ada to be headed down. As you can see from my wave count, we have finished the wave 5 of the wave c of the great wave 5. The Rsi and macd are bearishly diverging, especially the 5 minute rsi, which shows lower highs on every higher high on the price action. Expect a correction to atleast the top of the wave 3. The stop loss is the previous all time high.
BITFINEX:ADAUSDShort
by Mika_k
LinkUSD Trading ( Check out link chart)Hey everyone, I hope you are doing well, especially after my great calls the past couple of days. I have another idea, and this time it is for LINK. Link has recently been a monster, and should be on every traders watch list. It is consistently moving a lot and represents both a lot of room for gain, and loss, so be careful. The trade setup goes as follows. It appears that right now we are in a w,x,y,x,z correction and we are just starting the Z wave downwards. Pay close attention to the slope we are declining at. It isn't very steep and as a result, I am only expecting the wave Z to hit 0.382 area, despite a 1:1 extension being the 0.5 area. In addition to this, I believe that we are beginning the wave Z, since the most recent wave X is the exact same length as the previous wave X. And guess what else? The macd before the previous drop is showing the same as before the last drop. We see that it is hovering at the Zero line and might be set to move downwards. RSI analysis: The RSI is important to watch right now, especially on the 15 minute. We can see that we don't have much steam to carry the RSI into bullish territory. Infact, we are floating in neutral/bearish territory. All in all, I think that we are headed downwards, to at least the 0.382 region. The stop loss I am setting is at the wave X high. If this breaks, I think we are going to go up a bit further, but for now, we will stick with this T.A. This means that we have a crazy 5.27 Risk to reward. I hope you guys enjoyed this t.a and I wish you all the best. Have a great day guys, and good luck trading.
BITFINEX:BTCUSDShort
by Mika_k
3
Microsoft Trading opportunity in the mid termwell, let's try this again. I had basically finished making this post, but I pressed esc on my keyboard and my whole blog post got erased. So, I am a little tilted, a little triggered, but let's move past this into the t.a. Elliott wave analysis: The elliott wave analysis, similar to AMD, took me quite a while. There were a lot of probable wavecounts, but it wasn't until I really started to look into the price action, that the wavecount I have right now, appeared to me. As I am writing this post, we have just ended the wave four, and are beginning to start the wave 1 of A, of the great wave 5. The target for wave 5 is the 247-260 range. This is because it is the 0.764 extension of waves 1-3-4, and it is the 3.618 extension of wave 1-2. Now some of you are wondering why I didn't make the first target the 0.618 of waves 1-3-4, and this is because, there is such a strong cluster at the 0.764. Once the wave a unfolds, I will be able to give a more accurate target, but for now, we just have to forecast on the information at hand. Moving average analysis: The moving average analysis on the 1 hour is telling us a very important story. We have been riding the 200 ema for quite sometime, so long that the 55ema, is also starting to ride the 200 ema. This is important, because if the 55ema break downwards, we are headed a lot further down, but a bounce off of the 200 ema for the 55ema, is great confirmation that what I predict is going to come true. On other time frames, such as the 2 hour -daily, we are steadily cruising on the 55ema, which is an alright sign. Macd analysis: The macd on the one hour, is providing us with a huge signal that we are headed up. We have crossed over not once, but twice on the negative side, and the most recent one being so close to the zero line, that it shows huge bullish momentum is at play. On other time frames, such as the 2 hour, we see bullish divergence on the macd, and higher timeframes such as the 4 hour and 6 hour, show a cross on the negative, and a bullishly diverging histogram. So tldr, we have lots of bullish signs that support my belief that we are headed up. RSI Analysis: Finally the rsi analysis. The RSI on the 1 hour macd is looking KILLER. We are seeing major bullish divergence, meaning higher highs and higher lows. Something interesting is the action that has taken place on the daily rsi.We can see that we have failed to break into the overbought territory on the daily in the past couple days, but have found the support in the bottom of the bullish territory. I think this might imply that we are headed back up higher. I believe that before msft starts to correct, we will see an oversold RSI, or atleast some bearish divergence on the daily. Meaning higher highs on the price action, and lower highs on the RSI. In summation, this looks like a really great trade to take. Target 1 is 250 Target 2 is 260 The stop loss is below the most recent swing low, so 197. All in all we have a risk to reward of 6.6, which is crazy. Anyway, best of luck trading this week, and made the stock market gods look favourably upon you.
NASDAQ:MSFTLong
by Mika_k
Nebulas Looking Prime for a Pump! Elliott waves, fibonacci and 16H histogram showing NAS is close to a reversal. Looking for a final drop to 1566 to close out bearish histogram. Would like to see in the 16H: -one more red bar in the histo, pulling the MacD closer -then, a green bar in the histo for the MacD cross Hammer at the peak of wave A good signal of a nice pump to come! IF we get the bounce at ~1566, we may see it hit ~1999! With a pullback to ~1774 and another pump to ~2393. Let's see!
NShort
by moneypenny275
How To Trade Histogram IndicatorsHistograms such as MACD histogram or my Ichimoku histogram give two kind of trading signals. One is common and is triggered on each price bar. The other happens less often but is extremely powerful. The common signal is triggered by the slope of the histogram. When the most recent bar is greater than the one before, the slope is bullish. This is saying that bulls have the situation in control and that it is time to buy. When the more recent bar is lower than the one before, the slope is bearish. This shows that bears have control and that it is time to sell. When price action is going in a direction but the histogram in another, it tells us that the trend is losing its strength. Rule #1 Buy or go long when the histogram stops falling and rise a little. Use a protection stop under last support. Rule #2 Sell or go short when the histogram stops rising and falls a little. Use a protection stop above last minor resistance. In lower timeframes, it is not be worth to buy and sell every time the histogram reverses. A change of direction of the histogram incline is much more significant on higher timeframes such as Daily or Weekly. Rule #3 Bearish divergence: Sell or go short when the histogram is reversing from its second lower high and price is on a new high. Place a protection stop above the new high. Rule #4 Bullish divergence: Buy or go long when the histogram is starting to reverse from its second higher low and price is on a new bottom. Place a protection stop under the new low.
Education
by cyatophilum
How to Simply Spot MACD Trend and Benefit from Histogram.Welcome back to my another Educational post. I really do appreciate all support I got in my previous Educational material about MACD, so I am bringing you some more useful Education simply explained about MACD . As I was doing my next Bitcoin Technical Analysis, I was looking a bit more into MACD and thought, I would explain to you a little bit more about how MACD works. How trends are creating, when they start or end, what to consider as support or ressistance on fast lane, how to benefit from histogram. Lets start with Histogram. Its really all about those commas, lets start by splitting the histogram to two sides. Positive - upper, when histogram is positive, fast lane is on buy signal. Negative - lower, when histogram is negative, fast lane is on sell signal. In simple histogram shows the overall volume which is in dominance, for example long positive comma represent strong buying volume in one specific timeframe. Histogram also has his own support and ressistance levels. You can also consider Histogram as wave indicator . At Positive histogram, the tallest comma represent ressistance . You can find ressistance when the next comma in uptrend is lower than previous, forming downtrend . You can also find support at Positive histogram, basically when in downtrend is one comma taller than previous one , uptrend is being formed. At Negative histogram its the same thing, just rotated . So the tallest histogram comma represent that support was found forming uptrend . When a next comma is taller than previous one, it means ressistance was found forming downtrend . Lets follow it up by fast (blue) and slow (orange) lane on macd. Fast lane is known as signal line. When is fast lane is above slow lane, this gives a buy signa l and also the slow lane can be considered as support , and as you know each succesful test lead the price higher. When fast is lane is below slow lane , this gives a sell signal and also the slow lane lane can be considered as ressistance , and as you know each unsuccesful test lead price lower . MACD and Histogram are pretty close connected together as they are giving similiar signals, making signal easier to spot together. When MACD lanes are high is harder for them to cross and give buy signal as i ncreasing demand is required , same is valid for low or oversold macd, its easier for low macd lane to give buy signal as less demand is required. I think thats all important information about MACD for now , everything else should be explained on the chart with the help of Legend. Hope you liked this Education about MACD and more close look on histogram and his purpose. None of this contect was copied, and its all written by me. Hope I havent missed anything important , if yes point it in comments . If I have learned you anything that you are able to benefit from and be a bit better trader , let me know by smashing that agree button , each like is very appreciated as I am doing this for FREE and it took me a LOT of time, Thanks a Lot !
BITFINEX:BTCUSDEducation
by TiborVrbovsky
3
DAL Long - Consolidating Flag (Bull); Risk:Reward > 10:1The idea here isn't very difficult to understand. DAL has made a run up from $35.51 on August 8th, where we saw a bounce off the 150EMA, a personal favorite area to get long for me, especially looking at the weekly chart for this. Anyways, from the top down: 1) Bullish RSI Holding 60 Support 2) Established Uptrend - Long Term 3) Bounce off 150 EMA 4) Long $4.46 move straight up through all EMA(8/21/50), through resistance, and consolidating above. 5) Broken Downtrend 6)Weekly Uptrend Is Beautiful - Right At EMAs (8/21) (My Screen Is Too Small To Pull Up Both Simultaneously) Cons: 1) MACD Is Positive 2) Momentum Tapering As We Consolidate I like the chart, and like what I see. I'm getting long here. Possibly with a covered call, but maybe something else. Not sure what other plays are available with such low volatility, but the verticals and diagonals are getting old.
NYSE:DALLong
by TheProfitcy