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Levelsandzones

HOW TO RIDE TRENDSThis educational idea refers to the last trading idea I published (linked below) and to many more I traded in the past. The chart above shows the BTCUSD going from about 6'500 at the beginning of April up to around 10'000 in early May and all the way back down to about 6'500 in mid-June. This idea shows how it was possible to ride the trend all the way up (4 buy opportunities) and all the way down (4 sell opportunities) with three indicators: the Breakout Pivotal Bars , the Sentiment Index and the Levels and Zones . Here's how they work to identify setups: Breakout Pivotal Bars • For break-ups the candle must be coloured in green. • For break-downs the candle must be coloured in red. • Blue candles mean indecision so either trend continuation or imminent trend reversal. Depending on your strategy it is possible to trade them or not. Sentiment Index Possible situations are: • Breakout (e.g. Bullish Sentiment in case 1 or Bearish Sentiment in case 8) • Divergence with the price (Bullish Sentiment in case 8) Levels and Zones Gives a reference in real-time to where the most significant levels and their corresponding long/short zones are. Let's see the 8 trading opportunities: 1. Break-up of consolidation (blue candle) + Break-up of Bullish Sentiment + Above Support -> GOOD OPPORTUNITY 2. Break-up of consolidation (green candle) + Break-up of Bullish Sentiment + Above Support -> GOOD OPPORTUNITY 3. Break-up of consolidation (blue candle) + Break-up of Bullish Sentiment + No Support nearby -> VALID OPPORTUNITY but pay attention 4. Break-up of consolidation (green candle) + Break-up of Bullish Sentiment + Resistance Above -> VALID OPPORTUNITY but pay attention 5. Break-down of consolidation (red candle) + Break-down of Bearish Sentiment (divergence in Bullish Sentiment) + Below Resistance -> GOOD OPPORTUNITY 6. Break-down of consolidation (red candle) + Break-down of Bearish Sentiment + Support is pretty far! -> GOOD OPPORTUNITY 7. Break-down of consolidation (red candle) + Break-down of Bearish Sentiment + Support is pretty far! -> GOOD OPPORTUNITY 8. Break-down of consolidation (red candle) + Break-down of Bearish Sentiment + Support is still pretty far! -> GOOD OPPORTUNITY
BITFINEX:BTCUSDEducation
by a.b
36
The fall continuesAs we expected, the price had corrected to 1.20 and then rushed down again. We anticipate the dollar to strengthen further and an overall decline of the pair. At the moment the body of the candle is below the level of 1,1920 and in case of fixation on this level we expect the advance to the level of 1,1860. Technical indicators are also giving confirmation on the sale. Because of that we advise to take short positions and set Take-Profits near the level of 1,1860.
Short
by SuperForex
ANTICIPATING THE MARKETThis idea shows how the Sentiment Index indicator clearly anticipates big shifts in the Market. The first situation shows the EURUSD consolidating between late 2016 and spring 2017 – the consolidation was characterized by a consistent decline in the Bearish Sentiment which ultimately led to a strong uptrend until early 2018 (1500+ pips movement). The second situation shows the EURUSD in an opposite setup – a sligthly shorter consolidation charaterized by a decline in the Bullish Sentiment and a consequent breakdown of the pair.
Education
by a.b
27
Predicting market moves with JUST ONE INDICATORThis idea shows how easy it was to identify a massive opportunity on BTCUSD with the Levels and Zones indicator. Basically, after days of sideways movement, the pressure started to build up and ultimately a massive explosion took place! First, the Resistance Level moved significantly down (hence pushing price lower), then the Support Level made its move up (hence pushing price higher). Give it a few more time for the pressure to increase further (price is forced to move into a tight channel) and then the explosion takes place. You can find a similar setup before most of the major impulsive movements across any asset and timeframe. First, pressure builds up then, the explosion takes place!
BITFINEX:BTCUSDEducation
by a.b
41
Thoughts on ETC Before AirdropWith ETC 4/5 days from the airdrop, we are sitting on a pivotal support level 300-320K. ETC has to hold this level and challenge the sharp downtrend that has continued for the past 5 days. I believe that we are still in a bullish trend as long as the bottom trend line is held but it may not be up to ETC to move if Bitcoin coins to be hyper volatile. If you notice the volume the past 5 days has completely died down because of this. I believe we will see another pump in the next few days but i will not be as strong as previously expected. We are also approaching the 50d EMA which could provide some support. Remember to set sell targets around previous resistance levels to ensure profits.
by JusKno17
The long-awaited SPY correction is hereThe SPY finally had its long-awaited correction with a 2.12 percent drop last Friday (see www.reuters.com). In this graph, both the yolk and white are based on short and mid term support and resistance levels. I'm expecting the price to travel along the yolk, breaking out through A , and finally breaking through B . In both scenarios I'm expecting a sideways/bearish movement for the next days. --- "Letting losses run is the most serious mistake made by most investors." - William O’Neil
AMEX:SPY
by adelriosantiago
MSFT, automatic marking of important market prices with X-Lines.Regardless of the traded markets (stocks, currencies, currencies, metals), you can use the x-lines indicator to automatically build prices interesting to the market (support and resistance levels). The indicator has only one setting, this is the strength of the levels (default is 9). By changing this value, you can customize the indicator for any tool. The lower this value, the stronger the levels will show the indicator. For a more visual look, simply place the horizontal lines on the levels of the indicator. Click the related ideas tab below and add the indicator to your favorites.
NASDAQ:MSFT
by JinFlark