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Least Squares Moving Average (LSMA)

VTHO - quick 1d chart updateNote that VTHO is in a Descending Channel on this 1d timeframe. VTHO is also potentially in a Symmetrical Triangle pattern. VTHO is still below its Bollinger Bands Middle Band Basis 20 Period SMA for this 1d timeframe. Note that we may see the Lower Bollinger Band start to curve inwards if upwards momentum continues. VTHO is back above and has closed yesterday’s daily candle above its Least Squares Moving Average (LSMA) for this 1d timeframe. A close above the LSMA is a buy signal for traders who use this indicator. VTHO is still below its VPFR POC for this chart’s fixed range of 10 daily candles that i have selected. Be on the look out when/if VTHO closes successfully a daily candle above the VPFR POC. VTHO is still under its VPVR POC for this chart’s visible range. Volume is still relatively low on this Binance Chart and note that the last 5 daily Volume Bars have been below its Volume 20 period MA. Note that VTHO is still in the Bearish Zone of the Ichimoku Cloud using the 20,60,120,30 settings. For the longterm, we need VTHO to keep heading upwards towards the Ichimoku Cloud Equilibrium Zone on this 1d timeframe. Looking at the Moving Average Convergence Divergence (MACD) we can see that the MACD Line (Blue Line) is curving upwards and looks like it may cross back over the Signal Line (Orange Line) which would be a buy signal of varying degree because the MACD Lien (Blue Line) is still under the 0.0 Base Line in the Negative Zone on this 1d timeframe. Note that we have not had a MACD Green Histogram since 11th Nov 2021. So long as VTHO stays above the LSMA, be on the look for a daily candle close back above the Bollinger Bands Middle Band Basis 20 Period SMA and successful retest as support. Also be on the look out for when/if the MACD Line (Blue Line) crosses back above the Signal Line (Orange Line) on this 1d timeframe creating a potential buy signal for traders who use the MACD indicator. I hope this is helpful with your trading and hodl-ing. Notes: Symmetrical Triangle = Ascending & Descending Converging Black Lines on Chart Descending Channel = Descending Parallel Black Lines on Chart LSMA = Black Squiggly line on Chart Bollinger Bands = Grey Bands on Chart Volume Bars = Bars Bottom of Chart Volume 20 MA = Orange Line going through Volume Bars on Chart Ichimoku Cloud = Red and Green Cloud on Chart VPFR POC = Short Horizontal Red Line on Chart VPVR POC = Long Horizontal Red Line on Chart
by entertheroach
VeChain - A quick analysisVeChain was in a massive Rising Wedge Pattern and has broken below it. VeChain is now in a new massive Symmetrical Triangle Pattern. VeChain needs to stay above the Ascending Trend-line of the Symmetrical Triangle for any real upside recovery to take place. At the moment of typing this, VeChain is below its Bollinger Bands Middle Band Basis 20 Period SMA for this 1d timeframe. We need VeChain to break back above and more importantly close above its Bollinger Bands Middle Band Basis 20 Period SMA for this 1d timeframe. At the moment of typing this, VeChain is above its Least Squares Moving Average (LSMA). At the moment VeChain has found support from the LSMA. We need this daily candle to close above the LSMA. At the moment of typing this, VeChain is above its Volume Profile Fixed range Point of Control (VPFR POC) fro this charts fixed range off 29 daily candles that i have selected. Note that yesterday’s Volume Bar ended in the Green and closed above its Volume 20 period Moving Average. It’s still uncertain if today will end in the green. The Average Directional index (ADX DI) is showing that the -DI (Red Line) is still above the +DI (Green Line) indicating that Negative Momentum is still dominant over Positive Momentum on this 1d timeframe. Note that the -DI (Red Line) has dipped slightly to 31.03 and the +DI (Green Line) has risen to 9.02 but it looks like it’ll be awhile before we see the +DI (Green Line) cross back above the -DI (Red Line) on this 1d timeframe. Note that at the moment, the Trend Strength is strong with the ADX (Orange Line) at 34.40 and still above its 9 Period EMA (Black Line) which is at 28.80. The Moving Average Convergence Divergence is indicating momentum is still downwards and note that the MACD Line (Blue Line) is still below its Signal Line (Orange Line) and is also in the Negative Zone below the 0.0 Base Line. We need to see the MACD (Blue Line) cross back above the Signal Line (Orange Line) on this 1d timeframe for any real recovery to take place. I would not get excited unless VeChain closes a daily candle back above its Bollinger Bands Middle Band Basis 20 Period SMA on this 1d timeframe. Here is a closer look at this VeChain chart. I hope this is helpful with your trading and hodl-ing. Rising Wedge Pattern = Ascending Converging Black Dashed Lines on chart Symmetrical Triangle Pattern = Ascending/Descending Converging Black Dotted Lines on chart LSMA = Black Squiggly Line on chart Bollinger Bands = Grey Bands on chart VPFRPOC = Short Horizontal Red Line on chart
BINANCE:VETUSD
by entertheroach
3
BTC Wedges, Megaphones, Channels and a partridge in a pear treeBTC is in an Ascending Channel on this 1d timeframe. Even if BTC drops to around $34,000, it would still be within this Ascending Channel. BTC is potentially in an absolutely massive Megaphone Pattern/Reverse Symmetrical Triangle on this 1d timeframe. BTC is potentially in a smaller Megaphone Pattern/Reverse Symmetrical Triangle on this 1d timeframe. BTC is potentially in a massive Rising Wedge Pattern. BTC is potentially in a smaller Rising Wedge Pattern. It’s almost certain that we will NOT get the 4th touch which would be on the bottom of the Massive Inverted Symmetrical Triangle, but on the Smaller Inverted Symmetrical Triangle we may get a 4th touch if the Rising Wedge Support & the Ascending Support Line both fails. BTC is still in its upwards Pitchfork Pattern (A,B,C) on this 1d timeframe. Note that BTC is below its Pitchfork Median Line on this 1d timeframe. At the moment, BTC has found support from its Lower Yellow Pitchfork Support Line. If BTC stays above the Lower Yellow Support Line then history dictates the Price will eventually gravitate back upwards towards the Pitchfork Median Line and possible encounter strong resistance before breaking back above it. The Ascending Red Support Line is also doubling as the Pitchfork Hagopian Line. At the moment of typing this, BTC is above its Least Squares Moving Average (LSMA) for this 1d timeframe. We need BTC to close this daily candle above the LSMA. BTC is below its Bollinger Bands Middle Band Basis 20 Period SMA for this 1d timeframe. We need BTC to close back above the BB Middle Band before any real recovery can be considered. The Moving Average Convergence Divergence (MACD) is indicating momentum is downwards on this 1d timeframe. Note that the MACD Line (Blue Line) is still below the Signal Line (Orange Line) and is in the Negative Zone under the 0.0 Base Line for this 1D timeframe. If you are uncertain to buy in then wait for the MACD Line (Blue Line) to cross back above the Signal Line (Orange Line) on this 1d timeframe. Here is a closer look at this chart. Yep, this chart is pretty bonkers but i thought i'd do something a little different ;-) so I hope this is helpful with your trading and hodl-ing. Notes: Bollinger Bands = Grey Bands on chart LSMA = Black Squiggly Line on chart Pitchfork = A,B,C Pitchfork Hagopian Line = Red Line on chart Ascending Channel = Ascending Black and Green Lines on chart Massive Megaphone Pattern/Reverse Symmetrical Triangle = Purple Lines on chart Smaller Megaphone Pattern/Reverse Symmetrical Triangle = Black Dashed Lines on chart Massive Rising Wedge = Ascending Converging Black and Purple Lines on chart Smaller Rising Wedge = Ascending Converging Black Solid and Dashed Lines on chart
BITSTAMP:BTCUSD
by entertheroach
4
Quick BTC 4hr chart updateBTC Update: BTC is back above its Bollinger Bands Middle Band Basis 20 Period SMA for this 4hr timeframe. Note that BTC is above its Bollinger Bands Upper Band and we have expansion of the Upper and Lower Bands and this expansion is for positive momentum. Note that BTC is still in the Bearish Zone of the Ichimoku Cloud on this 4hr timeframe. BTC is also back above its Least Squares Moving Average (LSMA) for this 4hr timeframe. A candle close above this indicator is a potential buy signal for traders who use this indicator. BTC is back above its Descending Pitchfork Median Line (Black A,B,C). Note that we have a new C Pivot point for our Ascending Pitchfork Pattern (Red A,B,C). BTC is back above its Volume Profile Fixed Range Point of Control for this charts fixed range of 15x 4hr candles that i have selected. Note that BTC is still below its Volume Profile Visible Range Point of Control for this charts visible range. Volume on this Bitstamp Chart is still relatively low and note that the last 6x 4hr Volume Bars have been below its Volume 20 Period Moving Average. The Average Directional Index (ADX DI) is indicating a sharp rise in Positive Momentum with the +DI (Green Line) rising to 24.02 and the -DI (Red Line) dropping to 15,72. Note that the ADX (Orange Line) is at 17.83 and has started to curve upwards indicating the Positive Trend Strength is increasing in Strength. The 9 Period EMA (Black Line) is at 19.04 so we may see the ADX (Orange Line) eventually cross back over and above its 9 Period EMA (Black Line). We also need the ADX (Orange Line) to cross back over the 20 Threshold (Horizontal Dashed Black line) on this 4hr timeframe. The Moving Average Convergence Divergence (MACD) is also indicating a sharp rise in Positive Momentum with the MACD Line (Blue Line) back in the Positive Zone and above the 0,0 Base Line. Note that we also have increasing Green Histograms. Note that this is the first time since 15th Nov 2021 that the MACD Line (Blue Line) has been in the Positive Zone of the MACD indicator on this 4hr timeframe. I have added 2 areas of interest using the Parallel Channel tool. BTC needs to stay above the Lower Parallel Channel around $55,610 - $55,100 and this is BTC's potential bottom on this 4hr timeframe. BTC also needs to break back above and more importantly close back above the Upper Parallel Channel around $59,480 - $60,148. Closing above $60,148 takes BTC into the Equilibrium Zone of the Ichimoku Cloud, and also back above its Ascending Pitchfork Lower Green Resistance Line (Red A,B,C). It also takes BTC back above its Descending Pitchfork Upper Green Resistance Line (Black A,B,C) so this is an important area for BTC to close above. Note that because BTC is above its Bollinger Bands Upper Band, a retrace back under the Upper Band shouldn’t come as a surprise to you. It should be an interesting weekend. I hope this is helpful with your trading and Hodl-ing. Notes: Bollinger Bands = Grey Bands on Chart LSMA = Black Squiggly Line on Chart VPFR POC = Short Horizontal Red Line on Chart VPVR POC = Long Horizontal Red Line on Chart Important Resistance Zone = Upper Parallel Black Line with Yellow Shading on Chart Important Support Zone = Lower Parallel Black Lines with Yellow Shading on Chart Volume Moving Average = Orange Line going through Volume Bars on Chart Descending Pitchfork Pattern = Black A,B,C on Chart Ascending Pitchfork Pattern = Red A,B,C on Chart Support and Resistance Lines - Horizontal Dashed Black Lines on Chart
BITSTAMP:BTCUSD
by entertheroach
2
VTHO updateVTHO is still within its Symmetrical Triangle on this 1d timeframe. At the moment VTHO has found support from the Ascending Trend-line of the Symmetrical Triangle. VTHO is below its Bollinger Bands Middle Band Basis 20 Period SMA, VTHO needs to get back above this level on this 1d timeframe. At the moment VTHO is below its Least Squares Moving Average (LSMA) for this 1d timeframe. VTHO needs to close this daily candle above the LSMA because a close below the LSMA is is potential sell signal. VTHO is below its Volume Profile Fixed Range Point of Control (VPFR POC) for the fixed range of 6x 1d candles that i have selected. VTHO is also below its Volume Profile Visible Range Point of Control (VPVR POC) for this charts visible range. Note that the last 6x Volume Bars have closed above its Volume 20 Period Moving Average. If we look ate the Average Directional Index (ADX DI) we can see that Positive Momentum has dropped with the +DI (Green Line) dropping to 26.25 and Negative Momentum has increased wth the -DI (Red Line) rising to 19.26. Note that the +DI (Green Line) is still above the -DI (Red Line) on this 1d timeframe. The ADX (Orange Line) has also dropped to 25.69 and note it is still under its 9 Period EMA (White Line) which is at 27.29 for this 1d timeframe. If we look at the Moving Average Convergence Divergence (MACD) we can see that the MCAD Line (Blue Line) is still i the Negative Zone of the MACD indicator. If you are waiting to go long but are uncertain then be on the look out for when the MACD Line (Blue Line) crosses back above the Signal Line (Orange Line) which is a buy signal of varying degree depending on if the MACD Line (Blue Line) is in the Positive or Negative Zone. If we take a look at the Stochastic Indicator (Stoch) we can see that VTHO is now in the Oversold Zone of this indicator. Be on the lookout for when the %K Line (Blue Line) crosses back above the %D Line (Orange Line) with also the %K Line (Blue Line) crossing back over the 20 Line out of the Oversold Zone. First port of call is that VTHO needs to close this daily candle within its Symmetrical Triangle, then VTHO needs to get back above its LSMA and Bollinger Bands Middle Band Basis to get back on track. I hope this is helpful with your trading and hodl-ing. Notes: LSMA = Yellow Squiggly Line on Chart Bollinger Bands = Grey Bands on Chart VPVR POC = Long Horizontal Red Line on Chart VPFR POC = Short Horizontal red Line on Chart Volume MA = Orange Line going through Volume Bars on Chart Symmetrical Triangle = Converging Ascending and Descending White Dashed Lines
by entertheroach
ETHUSD - 1d chart updateAt the moment ETH is back above its Bollinger Bands Middle Band Basis 20 Period SMA for this 1d timeframe. Note that the Bollinger Bands Upper and Lower Bands have not expanded yet indicating there is room for more upwards volatility before becoming over extended on this 1d timeframe. ETH is also back above its Least Squares Moving Average LSMA for this 1d timeframe. ETH is in a Schiff Pitchfork Pattern (A,B,C). Note that ETH is above its Schiff Pitchfork Median Line and also above the Schiff Pitchfork Upper Yellow Support Line. At the moment ETH has found some resistance from its Upper Yellow Schiff Pitchfork Resistance Line. ETH is in a Rising Wedge patter. A Rising Wedge pattern is a potential Bearish pattern. To invalidate this rising wedge ETH will need to close above the top Ascending Trend-line of the Rising Wedge pattern. ETH is also in a Descending Channel which could turn out to be a Bull Flag. ETH needs to close a daily candle above the Descending Trend-line of the Descending Channel. At the moment ETH is above its Volume Profile Fixed Range Point of Control, for the fixed range of 7x 1d candles that i have selected. ETH is still above its Volume Profile Visible Range Point of Control for this charts visible range. Volume has increased on this 1d Binance chart and you can see that today’s daily candle will close above its Volume 20 Period MA. Using the Ichimoku Cloud settings of 20,60,120,30 but note I’m only using the cloud portion of the indicator, you can see that ETH is still safely in the Bullish Zone of the Ichimoku Cloud. The Average Directional Index (ADX DI) Is indicating that Positive Momentum has increased with the +DI (Green Line) rising to 13.21 and the Negative Momentum has dropped with the -DI (Red Line) dropping to 15.84. The ADX (Orange Line) has weakened by dropping to 25.80 and note its still below its 9 Period EMA (Black Line) which is at 28.43. Depending on what BTC does, its very likely well see the +DI (Green Line) cross back above the -DI (Red Line) which if it happens, would indicate positive momentum has fully overtaken Negative Momentum on this 1d timeframe. The Moving Average Convergence Divergence (MACD) is indicating that the MACD Line (Blue Line) has reversed upwards and is still in the Positive Zone above the 0.0 Base Line. Depending on what BTC does, we may see the MACD Line (Base Line) cross back above the Signal Line (Orange Line) which would be a massive buy signal for traders who use this indicator on this 1d timeframe especially if the MACD Line (Blue Line) is still in the Positive Zone above the 0.0 Base Line. A daily candle close above the Descending Channel & successful re-test as support will be a very good sign of continued upwards momentum. If that happened then we may get a MACD Line (Blue Line) Signal Line (Orange Line) crossover into a buy signal on this 1d timeframe. Obviously this will all depend on what BTC does tomorrow and over the weekend because as we all know, all other cryptos are rigged by Binance to crash when BTC crashes, it’s how Binance sneakily gets leveraged money back from the long Liquidations...... Probably ;-) Anyway enough of that Binance rant ;-) I hope this is helpful with your trading & hodl-ing. Notes: Rising Wedge = Ascending Converging Dashed Black Lines on Chart Descending Channel = Descending Parallel Dotted Lines on Chart LSMA = Black Squiggly line on Chart Bollinger Bands = Grey Bands on Chart Schiff Pitchfork = A,B,C Pattern on Chart Volume Bars = Bars Bottom of Chart Volume 20 MA = Orange Line going through Volume Bars on Chart Ichimoku Cloud = Red and Green Cloud on Chart
BINANCE:ETHUSD
by entertheroach
1
So what is going on with ADA?ADA is still within its longterm Upwards Pitchfork Pattern (A,B,C) and note that ADA is still above its Pitchfork Median Line. At the moment ADA has found support from its Pitchfork Upper Yellow Support Line. It is crucial that ADA continues CLOSING daily candles ABOVE this level! Note that the last time ADA closed below this level was 2nd Aug 2021. Note that ADA is still BELOW its Bollinger Bands Middle Band Basis 20 Period SMA for this 1d timeframe. Note that we have had expansion of the Upper and Lower Bollinger Bands and this volatility expansion is for the Negative Momentum. Note that ADA is below its Least Squares Moving Average (LSMA) for this 1d timeframe. Note that a close below the LSMA is considered a sell signal for this indicator. If we look at the Volume Bars on this ADA/USD Binance Chart we can clearly see that Volume is still relatively low and has been for a while compared to what ADA was getting in February 2021. Note that yesterday’s volume Bar was above its Volume 20 Period Moving Average but its closed in the Red. If we look at the Average Directional Index (ADX DI) the Trend Strength is increasing with the ADX (Orange Line) at 23.53 above its 9 Period EMA (Black Line) which is at 20.73. The -DI (Red Line) has dropped sharply to 19.93 and the +DI (Green line) has also dropped to 8.48. This tells me that while Negative Momentum has dropped, Positive Momentum is still poor so Negative Momentum is still strong on this 1d timeframe. The Moving Average Convergence Divergence (MACD) is indicating Negative Momentum is still strong on this 1d timeframe. The MACD Line (Blue Line) is starting to curve slightly sideways but note its is still under is Signal Line (Orange Line) as well as still under the 0.0 Base Line in the Negative Zone. Note that ADA has not been in the Positive Zone since 17th Sept 2021. For your viewing pleasure, here is a closer look at this 1d chart. So while ADA is still in a longterm UPTREND, it has sadly been stuck in a short to mid-term DOWNTREND since 2nd Sept 2021 which looks slightly similar to the 16th May 2021 - 20th July 2021 short-term downtrend. So what does ADA need to do to get back on track? On this 1d chart, ADA needs to stay ABOVE and more importantly keep CLOSING daily candles ABOVE its Pitchfork Upper Yellow Support Line. ADA also needs to get back ABOVE and more importantly CLOSE ABOVE its LSMA as well as its Bollinger Bands Middle Band Basis 20 Period SMA. We also need the MACD Line (Blue Line) to cross back ABOVE the Signal Line (Orange Line) and then get back ABOVE the 0.0 Base Line of the MACD Indicator. We also need the +DI (Green Line) to cross back ABOVE the -DI (Red Line) of the ADX DI indicator. I would not get excited unless ADA can achieve most if not all this on this 1d timeframe. I hope this is helpful with your trading and hodl-ing. Notes: LSMA = Black Squiggly line on Chart Bollinger Bands = Grey Bands on Chart Pitchfork = A,B,C Pattern on Chart Volume Bars = Bars Bottom of Chart Volume MA = Orange Line going through Volume Bars on Chart
BINANCE:ADAUSD
by entertheroach
3
VTHO - quick 1d chart updateVTHO has received a massive pump today. VTHO had broke out of its 'adjusted' Symmetrical Triangle today but at the moment it has retraced back under it, a daily close ABOVE the Descending Trend-line of this Symmetrical Triangle and a successful retest as support will be a very good sign of things to come. VTHO is above its Least Squares Moving Average (LSMA) for this 1d timeframe. A daily candle close ABOVE this indicator is considered a potential buy signal. At the moment, VTHO is back above its Bollinger Bands Middle Band Basis 20 Period SMA for this 1d timeframe. A continued daily candle close ABOVE this level is crucial. Note that the Bollinger Bands Upper and Lower Bands have expanded due to volatility and this volatility expansion is for positive momentum. VTHO is back above its Volume Profile Visible Range Point of Control for this charts Visible Range. VTHO is back above its Volume Profile Fixed Range Point of Control for the fixed range of 4 daily candles that i have selected. Volume has increased on this Binance chart and note that yesterdays daily volume bar closed ABOVE its Volume 20 Period Moving Average. I have added a Trend-Based Fib Extension as some potential targets. If you are long but uncertain, it might be best to wait for a successful daily candle close ABOVE the 0.382 TB Fib level The Average Directional Index (ADX DI) is indicating Positive Momentum has increased and Negative Momentum has dropped with the +DI (Green Line) at 36.5 above its -DI (Red Line) which has dropped to 16.35. Note that the ADX (Yellow Line) is pointing upwards at 26.02. We can expect an even bigger move up if the ADX (Orange Line) crosses back above its 9 Period EMA (White Line) which is at 29.17 so long as the +DI (Green Line) is still ABOVE the -DI (Red Line) on this 1d timeframe. The Moving Average Convergence Divergence (MACD) is indicating momentum is upwards at the moment. Note that the MACD Line (Blue Line) is pointing upwards & looking very likely to cross back over the Signal Line (Orange Line) creating new Green Bars very soon. VTHO will potentially receive a massive boost up if the MACD Line (Blue Line) crosses back ABOVE the Signal Line (Orange Line) and then back over and ABOVE the 0.0 Base Line which will take it into the Positive Zone. After such a big move up today a pull back should not come as a surprise, so a close ABOVE the Symmetrical Triangle and the 0.382 Trend-Based Fib Extension level may or may not happen today but instead tomorrow or potentially latest during the week. I hope this is helpful with your Trading and Hodl-ing. Notes: LSMA = Yellow Squiggly Line on Chart Bollinger Bands = Grey Bands on Chart VPVR POC = Long Horizontal Red Line on Chart VPFR POC = Short Horizontal red Line on Chart Volume MA = Orange Line going through Volume Bars on Chart Symmetrical Triangle = Converging Ascending and Descending White Dashed Lines
by entertheroach
BTC - 4hr chart with 2 Pitchforks and a cloudBTC is below its Bollinger Bands Middle Band Basis 20 Period SMA for this 4hr timeframe. Note that the Upper Bollinger Band is moving downwards and the Lower Bollinger Band is starting to curve upwards indicating volatility has slowed on this 4hr timeframe. At the moment BTC is back ABOVE its Least Squares Moving Average (LSMA) for this 4hr timeframe. A successful close ABOVE the LSMA is crucial for a recovery. BTC has found support from its support level at around $56,540. BTC has bounced off this level before on the 28th Oct 2021. BTC needs to stay above this support level, failure to do so will prob lead to a drop to the 2 support line at around $52,900. Using the Ichimoku Cloud Settings of 20,60,120,30 but note time only using the cloud portion, we can see that BTC is in the Bearish Zone of the Ichimoku Cloud for this 4hr timeframe. Note that we have had a Cloud (Kumo) Twist, the Leading Span A (Senkou Span A) has crossed back UNDER the Leading Span B (Senkou Span B) creating a new Red Bearish Cloud for this 4hr timeframe. Note that both Leading Spans are pointing downwards at the moment. Volume has increased on this Binance 4hr chart and note that the last 5 Volume Bars have been ABOVE its Volume 20 Period Moving Average. BTC is BELOW its Volume Profile Fixed Range Point of Control (VPFR POC) for the fixed range of 5 4hr candles that i have selected. BTC is also BELOW its Volume Profile Visible Range Point of Control (VPVR POC) for this chart’s visible range. BTC has 2 potential Pitchfork directions on this 4hr chart. BTC needs to CLOSE this 4hr candle ABOVE its descending Pitchfork Pattern Median Line (Black A,B,C). If BTC closes above the descending Pitchfork Median Line then we may see BTC follow an upwards or sideways trajectory following the ascending Pitchfork Pattern (Red A,B,C). The Average Directional Index (ADX DI) is showing a strong trend with the ADX (Orange Line) at 38.32 and ABOVE its 9 Period EMA (Black Line) which is at 34.04. The +DI (Green Line) has dropped to 7.71 and the -DI (Red Line) has risen to 31.62 indicating Negative Momentum is stronger than Positive Momentum on this 4hr timeframe. We need the +DI (Green Line) to cross back ABOVE the -DI (Red Line) on this 4hr timeframe for any upwards recovery to hold. The Moving Average Convergence Divergence (MACD) is indicating negative momentum, note that the MACD Line (Blue Line) is BELOW its Signal Line (Orange Line) and is also BELOW its 0.0 Base Line in the Negative Zone. Note that we also have increasing Red Histograms. Even if the MACD Line (Blue Line) crosses back above the Signal Line (Orange Line) we still need the MACD Line (Blue Line) to cross back over and ABOVE the 0.0 Base Line into the Positive Zone for any longterm BTC recovery to become sustainable. It should be an interesting weekend for BTC. I hope this is helpful with your trading and hodl-ing. Notes: LSMA = Black Squiggly Line on chart. Bollinger Bands = Grey Bands on chart. Support and Resistance Lines = Horizontal Black Dashed Lines on chart. VPFR POC = Short Horizontal Red Line on chart. VPVR POC = Long Horizontal Red Line on chart. Descending Pitchfork = Black A,B,C Pattern on chart. Ascending Pitchfork = Red A,B,C Pattern on chart. Volume MA = Orange Line going through Volume Bars on chart.
BITSTAMP:BTCUSD
by entertheroach
2
VeChain - 1 day chart updateNote that VeChain (VET) is still in a longterm uptrend. Using the Ichimoku Cloud settings of 20,60,120,30, but note I’m only using the cloud portion, we can clearly see that VET is still in the Bullish Zone of the Ichimoku Cloud. VET is BELOW is Bollinger Bands Middle Band Basis 20 period SMA. Note that the Upper and Lower Bollinger Bands are starting to contract and pinch inwards. Looking at the Schiff Pitchfork Pattern (A,B,C), note that VET is still ABOVE its Schiff Pitchfork Median Line. A continuation of daily closes ABOVE this level is absolutely crucial. VET is BELOW its Least Squares Moving Average (LSMA) for this 1d timeframe. A close below the LSMA is a potential sell signal for this indicator, so be on the lookout for when VET crosses & closes back above the LSMA. VET is back ABOVE its Volume Profile Fixed Range Point of Control (VPFR POC) for the fixed range of 10 daily candles that i have selected. VET is still ABOVE its Volume Profile Visible Range Point of Control (VPVR POC) for this chart's visible range. The Average Directional Index (ADX DI) is indicating the trend strength has dropped with the ADX (Orange Line) at 22.08 and is below its 9 Period EMA (Black line) which is at 25.17. The +DI (Green Line) has dropped to 17.90 but is still above its -DI (Red Line) which has also dropped to 17.11. This indicates Positive Momentum is still stronger than Negative Momentum on this 1d timeframe. Note that both the -DI (Red Line) and +DI (Green Line) have now turned sideways. The OnBalanceVolume (OBV) is indicating momentum is sideways at the moment. Note that the OBV (Blue Line) is back ABOVE its 9 Period EMA (Orange Line) indicating a strengthening of positive momentum. Fist port of call is for VET to cross and CLOSE back ABOVE its BB Middle Band Basis and LSMA on this 1d timeframe. So long as BTC behaves herself and continues closing above the daily chart 50EMA then we may see a more sideways ranging with VET before the next move up. Hopefully now with the release of POA2.0 well see VeChain eventually added onto more exchanges that will help dampen any Binance BTC Longs Futures liquidations. I hope this is helpful with your trading and hodl-ing. Notes: Bollinger Bands = Grey Bands on chart LSMA = Black squiggly line on chart VPFR POC = Short horizontal red line on chart VPVR POC = Long horizontal red line on chart Trend-lines = Ascending & Descending dashed black lines.
BINANCE:VETUSD
by entertheroach
1
ADA - 1 Day Chart updateADA is below its Bollinger Bands Middle Band Basis 20 Period SMA for this 1d timeframe. Note that we have had expansion of the Upper and Lower Bollinger Bands and this volatility is on the downside. At the moment, ADA is back above its Lower Bollinger Band but note that ADA is still getting downwards pressure at the moment. ADA is below its Least Squares Moving Average (LSMA) for this 1d timeframe. A close below the LSMA is a potential sell signal for this indicator. Using the Ichimoku settings of 20,60,120,30 but note I’m only using the cloud portion, you can see that ADA is underneath the Ichimoku Cloud and in the Bearish Zone on this 1d timeframe. It looks as though we will see the Leading Span A (Senkou Span A) cross back UNDER the Leading Span B (Senkou Span B) creating a Cloud (Kumo) Twist into a new red bearish cloud on this 1d timeframe. ADA is below its Volume Profile Fixed Range Point of Control (VPFR POC) for the fixed range of 8 Daily candles that I’ve selected. ADA is below its Volume Profile Visible Range Point of Control (VPVR POC) for this charts visible range. Overall Volume is still very low on this Binance chart and today’s Volume Bar looks like it will close under its Volume 20 Period Moving Average (Orange Line). The Average Directional Index (ADX DI) is indicating a weak trend strength with the ADX (Orange Line) at 17.54 below the 20 Base Line and below its 9 Period EMA (Black Line) which is at 18.65. Note that the ADX (Orange Line) has risen slightly. The +DI (Green Line) has dropped to 11.07 and is below its -DI (Red Line) which is at 18.45. Note that the -DI (Red Line) has dropped slightly but the +DI (Green Line) is still dropping, this tells me that Negative Momentum is stronger than Positive Momentum on this 1d timeframe. The OnBalanceVolume (OBV) is showing momentum is downwards and notice that the OBV (Blue Line) is now underneath its 9 Period EMA (Orange Line) which is a big sign of strength for negative momentum for this 1d timeframe. I would not get excited unless ADA crosses and CLOSES back ABOVE the Descending Trend-line (Descending Dashed Line) which would take it back into the Bullish Zone of the Ichimoku Cloud system. But ADA needs to cross & CLOSE back ABOVE its BB Middle Band Basis 20 Period SMA, LSMA, Leading Span B (Senkou Span B) and Leading Span A (Senkou Span A) resistance levels and also turn them into strong support. If ADA crosses and closes BELOW the Ascending Trend-line (Ascending Dashed Line) then a further bigger drop is possible. I hope this is helpful with your trading and hodl-ing. Notes: Bollinger Bands = Grey Bands on chart LSMA = Black squiggly line on chart VPFR POC = Short horizontal red line on chart VPVR POC = Long horizontal red line on chart Trend-lines = Ascending & Descending dashed black lines.
BINANCE:ADAUSD
by entertheroach
5
Quick ADA updateADA has broken out sideways from its Descending Triangle. ADA is ranging sideways. ADA is also in a Symmetrical Triangle pattern, which is indicated by the descending and ascending dashed black support and resistance lines. ADA is now in a massive Bollinger Bands Squeeze. A big move should be expected, what direction that is, remains to be seen. ADA is still below its Bollinger Bands Middle Band Basis 20 Period SMA on this 1d chart. Note that ADA has not closed a daily candle above its BB Basis since 15th Oct. At the moment, ADA is below its Least Squares Moving Average (LSMA) on this 1d chart. ADA needs to close this daily candle above the LSMA. ADA is above its Volume Profile Fixed Range POC for the fixed range of 5 daily candle that i have selected. ADA is also back above its Volume Profile Visible Range POC for this charts visible range. Overall Volume on Binance is still relatively low when compared to what ADA had a few months back around 25th August but note that the last 3 Volume Bars have been above its Volume 20 Period MA. For your viewing pleasure, I have also added support and resistance zones indicated by the back lines with orange shading. The Average Directional Index (ADX DI) is indicating Positive Momentum has RISEN slightly with the +DI (Green Line) at 9.45. Note that negative momentum DROPPED slightly more with the -DI (Red Line) at 13.39. Note however that while the trend strength is still strong above the 20 Threshold with the ADX (Orange Line) at 24.65 but note its has dropped below its 9 Period EMA (Black Line) which is at 25.22 indicating a weakening of trend strength, which could also be because of the continued sideways momentum. The On Balance Volume (OBV) is indicating an increase in upwards momentum, but note that the OBV (Blue Line) is still below its 9 Period EMA. The OBV needs to cross back over the 9 Period EMA and stay above its for continued upwards momentum. The Moving Average Convergence Divergence (MACD) is indicating that we have had the MACD Line (Blue Line) cross back above the Signal Line (Orange Line) but note that the MACD Line is still in the Negative Zone under the 0.0 Base Line. So what does all this mean? ADA is in a Bollinger Bands Squeeze, its debatable as to which direction ADA will pop. If you are Long, signals to look out for on this 1d timeframe are: 1: A successful daily close above the Bollinger Bands Middle Band Basis 20 Period SMA. 2: Upwards momentum with Expansion of the BB Upper and Lower Bands with the BB Middle Band sloping upwards. 3: A successful daily close above the descending trend-line. 4: A successful daily close above the LSMA. 5: OBV Line crossing back above its 9 Period EMA. 6: ADX Line crossing back above its 9 Period EMA. 7 +DI Line crossing back above the -DI Line. 8: MACD Line crossing back over the 0.0 Base Line into the Positive Zone. A key thing to remember is that sideways ranging is done within a range, not at a constant price. Apologies for the lack of posting, I've been crazy busy filming. I hope this is helpful with your trading and hodl-ing.
BINANCE:ADAUSD
by entertheroach
5
VET - weekly chart analysisVET has broken back ABOVE its massive Symmetrical Triangle and has so far successfully tested it as support on this 1w timeframe. VET needs to 110% CLOSE this weekly candle ABOVE the Descending Trend-line of the Symmetrical Triangle. Note that VET is still safely above its Longterm Upwards Trend-line (Ascending Dashed Line) on this 1w timeframe. VET is still above its Bollinger Bands Middle Band Basis 20 Period SMA for this 1d timeframe. Note that VET has room to move up before hitting the Bollinger Bands Upper Band on this 1w timeframe. VET is still above its Least Squares Moving Average (LSMA) for this 1w timeframe. For this indicator, ABOVE the LSMA is a potential ‘BUY’ and BELOW the LSMA is a potential “SELL’. Note that VET is still above its Volume Profile Fixed Range POC for the fixed range of 5 weekly candle that i have selected. Note that Volume has increased slightly but note that the Volume Bars are still Below its Volume 20 Period MA. I have added various support and resistance areas on this chart and you can clearly see the interaction with theses area. Note that VET has found some resistance from its first resistance line. The Average Directional Index (ADX DI) is indicating that the trend strength is sideways but strong with the ADX (Orange Line) at 22.69. Note that the 9 Period EMA is above the ADX at 25.38 but is dropping. The +DI (Green Line) has dropped slightly to 21.79 but the -DI (Red Line) has also dropped slightly to 14.34. This indicates both positive and negative momentum has dropped slightly. We will potentially see a massive move upwards if the ADX (Orange Line) crosses back above the 9 Period EMA (Black Line) if the +DI (Green Line) is still above and moving away from the -DI (Red Line) on this 1w timeframe. The OnBalanceVolume (OBV) is indicating momentum is sideways within a range. Note that the OBV (Blue Line) has crossed back above the 9 Period EMA (Orange Line) indicating upwards strength on this 1w timeframe. The Moving Average Convergence Divergence (MACD) is indicating that we have had the MACD Line (Blue Line) cross back ABOVE the Signal Line (Orange Line) on this 1w timeframe. Note that the MACD is still in the Positive Zone above the 0.0 Base Line and note that we have had our first proper Green Histogram for the first time in 7 weeks. I have also added a Trend-Based Fib Extension to show some potential FIB levels if VET continues the upwards trajectory on this 1w timeframe. VET is also in a very thin Rising Wedge Pattern. VET needs to invalidate this bearish pattern by breaking back above it and successfully testing it as support on this 1w timeframe. What is interesting is that the Rising Wedge takes us right up to the 4.236 Fib Level at $0.5147. This is something to keep an eye on on this 1w chart. Note that this chart is looking at the longterm without taking into account what is happening on lower timeframes, which you should be watching & analysing as well. All in all, VeChain is looking great so it should be an interesting couple of weeks for VET providing BTC behaves herself. I hope this is helpful with your trading and hodl-ing. Notes: Bollinger Bands = Grey Bands on chart LSMA = Blue squiggly line on chart VPFR POC = Short horizontal red line on chart VPVR POC = Long horizontal red line on chart 50EMA = Yellow squiggly line on chart Symmetrical Triangle = Converging ascending and descending black lines Rising Wedge = Ascending converging dotted lines Longterm upwards Trend-line = Ascending dashed black line. Support and resistance areas = Horizontal black lines with yellow shading
BINANCE:VETUSD
by entertheroach
1
Ethereum - 1d chart analysisETH is in a Rising Wedge Pattern on this 1d timeframe. A Rising Wedge Pattern is a Bearish Chart Pattern. ETH needs to invalidate this Bearish Pattern. At the moment of typing this, ETH is still above its Bollinger Bands Middle Band Basis 20 Period SMA. At the moment, ETH is below its Least Squares Moving Average (LSMA) on this 1d timeframe. Note that a close below the LSMA and a successful retest as resistance is a potential sell signal for this indicator. ETH is still above its VPFR POC for the fixed range of 13 daily candle that i have selected. Note that ETH is also still above its VPVR POC for this charts visible range. Volume is low on this Binance chart & note that the Volume Bars have been decreasing in size and also note that the last two Volume Bars have been below its Volume 20 Period Moving Average. The Average Directional Index (ADX DI) is indicating the trend strength is strong with the ADX (Orange Line) at 27.18 and still safely above its 9 Period EMA (White Line) which is at 23.30. The +DI (Green Line) has dropped to 18.61 and the -DI (Red Line) has also dropped to 7.24. This indicates that while Positive Momentum has dropped, Negative Momentum has also dropped. The OnBalanceVolume (OBV) is indicating positive momentum has dropped. Note that the OBV (Blue Line) has dropped below its 9 Period EMA (Orange Line) indicating a weakening of positive momentum. The OBV (Blue Line) needs to stay above the Ascending Dashed Line, if the OBV cannot stay above this line, then ETH will drop out of its Rising Wedge Pattern to the downside. If the OBV (Blue Line) breaks back above the 9 Period EMA (Orange Line) then we may see ETH invalidate the Rising Wedge Pattern. ETH needs to invalidate the Rising Wedge Pattern. If ETH cannot invalidate this bearish pattern & if it eventually drops downwards out of the Rising Wedge, the VPFR POC and Bollinger Bands Middle Band may become a crucial support levels. If the BB Middle Band fails as support, then ETH may drop to its 50EMA level. As always, we also need to keep an eye on what BTC is doing. It should be a very interesting week for ETH. This is my very first Ethereum chart post, so I hope this is helpful with your Trading and Hodl-ing. Notes: LSMA = White dots on chart 50EMA = Yellow dots on chart Bollinger Bands = Grey bands on chart VPFR POC = Short horizontal red line on chart VPVR POC = Long horizontal red line on chart Rising Wedge = Ascending converging dashed lines on chart Volume MA = Orange Line going through Volume Bars on chart
BINANCE:ETHUSD
by entertheroach
1
VTHO - daily chart updateVTHO is still in a massive Symmetrical Triangle on this 1d timeframe and is fast approaching the APEX. VTHO has found some resistance from its 0.236 Trend-Based Fib Extension level. A close above this level and successful retest as support will be a very good sign, VTHO is in a Bollinger Bands Squeeze on this 1d timeframe. A big move normally proceeds after a BB Squeeze. At the moment of typing this, VTHO is above its Bollinger Bands Middle Band Basis 20 Period SMA. VTHO is also above its 50EMA and 200EMA. Note that Bothe the 50EMA and 200EMA are moving sideways. At the moment of typing this, VTHO is above its Least Squares Moving Average (LSMA) on this 1d timeframe. A daily candle close above the LSMA will be a very good sign as a close above the LSMA is a potential buy signal for this indicator. Volume is still relatively low on this Binance Chart and note that the last Volume Bar was below its Volume 20 Period SMA. VTHO is still above its Volume Profile Visible Range POC for this charts visible range. The Average Directional Index (ADX DI) is showing that the trend strength is strong with the ADX (Orange Line) at 23.49, curving upwards and above its 9 Period EMA which is at 21.84. The -DI (Green Line) is still above the -DI (Red Line) but the +DI (Green Line) has dipped to 29.45 and the -DI (Red Line) is at 14.17. This is indicating that Positive Momentum has dropped quite a bit but Negative momentum has only risen slightly on this 1d timeframe. The OnBalanceVolume (OBV) is indicating momentum is sideways within a range. At the moment the OBV (Blue Line) is still above its 9 Period EMA (Orange Line). the OBV (Blue Line) needs to stay above the 9 Period EMA (Orange Line) if we are to see a move upwards after the Bollinger Bands Squeeze. On this 1d timeframe, VTHO needs to close this daily candle above its Bollinger Bands Middle Band Basis 20 Period SMA as well as its LSMA, 50EMA and 200EMA levels. If the Bollinger Bands Squeeze ends with a big move upwards, i have added a Trend-Based Fib Extension to show some potential support and resistance that VTHO may encounter if the BB Squeeze ends with a big movement upwards. I hope this is helpful with your trading and hodl-ng.
by entertheroach
1
BTC longterm 1w chart analysisBTC has invalidated its very long Descending Triangle indicated by the 2 large black dashed lines. BTC is still in its Longterm Upwards Pitchfork Pattern on this 1w timeframe, note that BTC is back above the Pitchfork Median Line (The Thin Dashed Line) on this 1w timeframe. BTC is still safely above its 50EMA on this 1w timeframe. BTC is still above its Least Squares Moving Average (LSMA) on this 1w timeframe. At the moment, BTC is still above its Bollinger Band Middle Band Basis 20 Period SMA and also still above its Upper Band. Note that we have had expansion of the Bollinger Bands Upper and Lower Bands and the Middle Band is sloping upwards on this 1w timeframe. Note that BTC is above its Volume Profile Fixed Range POC for the fixed range of 4 weekly candle that i have selected. Note that BTC is still above its Volume Profile Visible Range POC for this charts visible range. Volume is worryingly low on this Bitstamp 1w chart compared to what BTC was getting in Dec 2020 to Jan 2021. Note that the last 22 weekly Volume Bars have been below its Volume 20 Period Moving Average. This is something to keep an eye on. For your viewing pleasure, i have added various support and resistance areas indicated by the black parallel lines with yellow shading. You can clearly see the interaction with these various areas. The Average Directional Index (ADX DI) is showing that the trend strength is strong on this 1w timeframe with the ADX (Orange Line) at 23.45 and is curving upwards and is getting very close to crossing back over and above its 9 Period EMA (Black Line) which is at 26.02. We have an increase in Positive Momentum with the +DI (Green Line) at 29.12. The -DI (Red Line) has also continued to drop to 14.13 indicating Negative Momentum has dropped. If the ADX (Orange Line) crosses back over the 9 Period EMA (Black Line) and stays above it, we can expect continued upwards momentum on this weekly timeframe so long as the +DI (Green Line) stays above the -DI (Red Line). The OnBalanceVolume (OBV) is showing strong upwards momentum and note that the OBV (Blue Line) is still above its 9 Period EMA (Orange Line) for this 1w timeframe. Using the OBV indicator, the OBV line needs to stay above the Ascending Dashed Line, the 9 period EMA and the Horizontal Dashed Line. The OBV also needs to break above its Ascending Dotted Line which when combined with the Ascending Dashed Line actually looks like an Ascending Wedge on the OBV indicator. This is something to keep an eye on. A few scenarios to think about: 1: BTC may continue to walk up the Upper Bollinger Band like we saw before from the week of 19th Oct 2020 up until the week of the 15th Feb 2021. 2: BTC may consolidate sideways within a range between its new ATH and its 2nd support and resistance area before continuing upwards. 3: BTC may drop back to either its VPVR POC or its VPFR POC as potential support levels. 4: BTC may drop back to its LSMA as a potential support. 5: BTC may drop back under the Bollinger Bands Upper Band, consolidate above the Middle Band and then continue upwards. 6: BTC may drop back to its Bollinger Bands Middle Band as potential support. 7: BTC may drop back to its 50EMA (which is a worse case scenario but unlikely at the moment). The volume shown on this chart doesn’t take into account volume from other exchanges, but we need to keep an eye on the Volume Bars and whether or not the Volume Bars can cross back above its Volume 20 Period SMA on this 1w timeframe. We also need to keep an eye on whether or not the ADX can cross back above the 9 Period EMA as well as what I’ve mentioned above regarding the OBV indicator. We also need to keep an eye on how BTC closes this weekly candle. Here is a wider view of this longterm 1w chart. Note that this post is just focusing on the very longterm and not taking into consideration or analysing what is happening on lower timeframes, which you should be doing. I hope this is helpful with your trading and hodl-ing.
BITSTAMP:BTCUSD
by entertheroach
4
VeChain - 1 week chartYes…….. VET is still in its massive Symmetrical Triangle pattern. VET is back above its Bollinger Bands Middle Band Basis 20 Period SMA on this 1w timeframe. A very good sign will be if VET closes this weekly candle above its Bollinger Bands Middle Band. Note that the Upper Bollinger Band is moving sideways and the Lower Bollinger Bands still moving upwards with a slight sideways slope indicating we may see sideways consolidation and a potential BB Squeeze or Pinch on this 1w timeframe. VET is still safely above its 50EMA on this 1w timeframe. VET is still safely above its Least Squares Moving Average (LSMA) for this 1w timeframe. VET has found some resistance fromm its ascending dotted resistance line. VET is just below its Volume Profile Fixed Range Point of Control (VPFR POC) for the fixed range of 12 weekly candles that i have selected. Volume is still relatively low on this weekly timeframe and note that the Volume Bar is still below its Volume 20 Period Moving Average. The Moving Average Convergence Divergence (MACD) is showing that the MACD Line is still under the Signal Line but note that the Red Histograms are decreasing in size slighting. Note that the MACD Line is still above the 0.0 Base Line in the positive zone. The On Balance Volume (OBV) is indicating a nice rise since the 20th Sept, note that the OBV Line is very close to crossing back over the 9 Period EMA Line. It's not set in stone but we should not be surprised if we have a big move up on this 1w timeframe if the OBV Line Crosses back above the 9 Period EMA line. For your viewing pleasure i have also added adjusted Support and Resistance areas of interest, shown as black parallel lines with yellow shading. Note that VET is still in a LONGTERM UPTREND. This will NOT change unless VET crosses under and fails to make it back above its Dashed Ascending Trend-line. All in all VET is still looking great and still within its Symmetrical Triangle. If VET stays above the Bollinger Bands Middle Band on this 1w timeframe then this could be a good spot to accumulate more for the longterm before a potential breakout to the upside. I still wouldn't get excited until VET crosses and successfully closes above its Symmetrical Triangle Descending Trend-line. I hope this is helpful with your trading & hold-ing.
BINANCE:VETUSD
by entertheroach
1
VeChain - still in its Symmetrical TriangleVeChain is still within its massive Symmetrical Triangle on this 1d timeframe. Note that VET is still ABOVE its Longterm Upwards trend-line. Note that VET is back ABOVE its Least Squares Moving Average (LSMA) on this 1d timeframe. VET is still below its Bollinger Bands Middle Band Basis 20 Period SMA. Note that the Lower Band is moving upwards indicating weakening volatility and a possible Bollinger Bands Squeeze/Pinch. Volume on Binance has decreased and note that the last 4 Volume Bars have been below its Volume 20 Period Moving Average. VET is back above its Volume Profile Fixed Range Point of Control (VPFR POC) for the fixed range of 4 daily candles that i have selected. VET is still below its Volume Profile Visible Range Point of Control (VPVR POC) for this charts visible range. If we look at the On Balance Volume (OBV) the OBV (Blue Line) has increased but note that it is still under its 9 Period EMA (Orange Line). If you are waiting for confirmation of renewed upwards momentum STRENGTH then you need the OBV (Blue Line) to cross back above the 9 Period EMA (Orange Line) and stay above it. The Average Directional Index (ADX DI) is indicating the trend strength has increased with the ADX (Orange Line) at 32.49 and ABOVE its 9 Period EMA (Black Line) which is at 30.46. The -DI (Red Line) has increased to 26.70 and the +DI (Green Line) has dropped to 10.52. This tells me that Negative Momentum has increased and Positive Momentum has decreased on this 1d timeframe. The Moving Average Convergence Divergence (MACD) is indicating VET still has a very long way to go on this 1d timeframe before we see the MACD Line (Blue Line) cross back over the Signal Line (Orange Line). Note that we do have lessoning Histograms but note that the MACD Line (Blue Line) is still under the 0.0 Base Line and it is still in the Negative Zone. The ascending trend-Line of the Symmetrical Triangle is a major support level. If VET ends up dropping more, a good spot to buy extra VET would be around $0.076 - $0.069. I wouldn’t get excited until VET crosses and closes a daily candle back ABOVE the Descending trend-line of the Symmetrical Triangle and turns it into strong support. Also, be on the lookout for when the OBV (Blue Line) crosses back above the 9 Period EMA (Orange Line) as well as a CLOSE back ABOVE the Bollinger Bands Middle Band Basis on this 1d timeframe. Here is a closer look at this 1d chart. I hope this is helpful with your trading and hodl-ing. Notes: Symmetrical Triangle = Black Lines on Chart Longterm Upwards Trend-line = Dashed Line on chart LSMA = Black Squiggly Line on Chart Bollinger Bands = Grey Bands on Chart VPVR POC = Long Horizontal Red Line on Chart VPFR POC = Short Horizontal red Line on Chart Volume = Red and Green Bars bottom of Chart. Volume MA = Orange Line going through Volume Bars bottom of Chart.
BINANCE:VETUSD
by entertheroach
5
ADA - 1d chart updateADA is still in a Descending Triangle on the Daily Chart. Note that a descending triangle is a bearish pattern. ADA needs to break back above the descending trend-line for renewed upwards momentum. ADA is fighing to stay above its Bollinger Bands Middle Band Basis 20 Period SMA. ADA is back above its Least Squares Moving Average (LSMA) for this 1d timeframe. A candle above the LSMA is considered a buy signal for traders who use this indicator. Today’s Binance Volume is lower than yesterday’s and note that the Volume Bar is back under its Volume 20 Period Moving Average. ADA is still below its Volume Profile Visible Range Point of Control (VPVR POC) for this charts visible range. ADA is back above its Volume Profile Fixed Range Point of Control (VPFR POC) for the fixed range of 5 daily candles i have selected. If we look at the On Balance Volume (OBV) the OBV (Blue Line) has increased but note that it is still under its 9 Period EMA (Orange Line). If you are waiting for confirmation of renewed upwards momentum then you need the OBV (Blue Line) to cross back above the 9 Period EMA (Orange Line) and stay above. The Average Directional Index (ADX DI) is indicating the trend strength has dropped with the ADX (Orange Line) at 29.83 still below its 9 Period EMA (Black Line) which is at 32.67. The -DI (Red Line) has dropped to 17.92 and the +DI (Green Line) has dropped to 13.18. This tells me that both Negative Momentum and Positive Momentum has dropped and that the trend strength is still uncertain until the ADX (Orange Line) crosses back above the 9 Period EMA (Black Line) on the id timeframe. The Moving Average Convergence Divergence (MACD) is indicating ADA still has a while to go on this 1d timeframe before we see the MACD Line (Blue Line) cross back over the Signal Line (Orange Line). Note that we do have lessoning Histograms but note that the MACD Line (Blue Line) is still under the 0.0 Base Line in the Negative Zone. The Descending Trend-Line of the Descending Triangle is a major resistance level. I wouldn’t get excited until ADA crosses and CLOSESs a daily candle ABOVE this level, and unless the OBV (Blue Line) crosses back above the 9 Period EMA (Orange Line) on this 1d timeframe, then ADA will continue to create Lower Highs. I hope this is helpful with your trading and hodl-ing. Notes: Descending Triangle = Dashed Lines on Chart LSMA = Black Squiggly Line on Chart Bollinger Bands = Grey Bands on Chart VPVR POC = Long Horizontal Red Line on Chart VPFR POC = Short Horizontal red Line on Chart Volume = Red and Green Bars bottom of Chart. Volume MA = Orange Line going through Volume Bars bottom of Chart.
BINANCE:ADAUSD
by entertheroach
6
VeChain - Longterm Weekly Chart AnalysisLet’s have a look at the weekly chart for the most criminally undervalued crypto EVER. A Blockchain that is actually being USED by some of the words top companies and has a client base that would make any corporate jealous & salivate with envy. It HAS and IS everything every other Blockchain wishes it was. Worthy of note it that the behemoth PwC is an actual shareholder! I’m talking of course about VeChain. VET is below its Bollinger Bands Middle Band Basis 20 Period SMA. A weekly CLOSE ABOVE this level is crucial. VET is still above its 50EMA on this 1W timeframe. VET is still above its Least Squares Moving Average (LSMA) and note that the last weekly candle bounced off the LSMA as support. Note that overall Volume is still relatively low and the last 16 weekly Volume Bars have been below its Volume 20 Period Moving Average. VET is still above its Volume Profile Visible Range Point of Control (VPVR POC) for this charts Visible Range. VET is below its Volume Profile Fixed Range Point of Control (VPFR POC) for the fixed range of 9 Weekly Candles that i have selected. A weekly Candle CLOSE ABOVE this POC is crucial. I have added a few support and resistance areas. At the moment, VET has found some support from its lower support area located at around $0.107 - $0.113 . A weekly CLOSE ABOVE the support are is crucial but not the end of the world if we don’t as there is still a lot of support below. Note that VET is in a massive Symmetrical Triangle on this weekly timeframe. Note that the APEX is around the week of the 13th December. The Moving Average Convergence Diveragnce (MACD) is indicating momentum is downwards at the moment and note that the MACD Line (Blue Line) has crossed back under its Signal Line (Orange Line) creating a Red Histogram. Note however that the MACD Line (Blue Line) is still above the 0.0 Base Line in the Positive Zone. A drop below the 0.0 basle line on this 1W timeframe will be very bad so its crucial VET stays above the 0.0 base line in the positive zone. The On Balance Volume (OBV) is indicating momentum is downwards within a range at the moment. Note that the OBV (Blue Line) is below its 9 Period EMA (Yellow Line). We need the OBV (Blue Line) to cross back above the 9 Period EMA (Yellow Line) as well as break back ABOVE the dotted line at around 162.8B and then at around 163.72B for upwards momentum confirmation. The OBV indicator needs to stay above the 160.079B level. Looking at this longterm chart, even if VET does drop lower, it would still be in a longterm uptrend so long as VET CLOSES ABOVE its Longterm Trend-Line (Dashed Line). Unless BTC massively shits the bed again down to $28k then VET won’t drop to $0.07 but VET may possibly drop to $0.099 - $0.0934 if downwards pressure continues and VET cannot make a higher low or higher high next week. Hopefully, after the release of POA2.0, we’ll see VeChain added onto other major exchanges & platforms like Kraken, Coinbase, Phemex, eToro and Bitstamp which will bring much needed liquidity and exposure. I mean FFS, if ShibaInu & Dogecoin are good enough for Coinbase & eToro, surely VET must be. ;-) I hope this is helpful with your Trading and Hodl-ing. Notes for those who don’t know: LSMA = Black Squiggly Line on Chart 50EMA = Yellow Squiggly Line on Chart Bollinger Bands = Grey Bands on Chart Longterm Trend-Line = Dashed Line on Chart VPVR POC = Long Horizontal Red Line on Chart VPFR POC = Short Horizontal Red Line on Chart Volume Bars = Green and Red Bars Bottom of Chart Volume 20 Period MA = Blue Line going through Volume Bars on Chart Support and Resistance Areas = Black Lines with Yellow Shading on Chart Symmetrical Triangle = Ascending dn Descending Trend-Lines
BINANCE:VETUSD
by entertheroach
8
ADA - Keep an eye on the MACD 1D timeframeADA is still below its Bollinger Bands Middle Band Basis 20 Period SMA. Note that we have had expansion of the Lower Bollinger Band. ADA is below its Least Squares Moving Average (LSMA) fo this 1D timeframe. Note that ADA has also found some resistance at this level. ADA is still ranging sideways within a support/resistance area. Using the 20,60,120,30 settings note that ADA is still in the Bullish Zone of the Ichimoku Cloud. The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating the mid-point of the short term momentum is sideways at the moment. Note that ADA is below this level. The Ichimoku Cloud Base Line (Kijun Sen) is indicating the mid-point of the mid-term momentum is sideways at the moment, The Ichimoku Cloud Lagging Span (Chikou Span) is indicating momentum is downwards at the moment. Note that The Lagging Span (Chikou Span) is inside the price from 30 periods ago indicating uncertainty at the moment. Volume is still relatively low on this 1D timeframe, note that the last 5 daily Volume Bars have been under its Volume 20 Period MA. The Average Directional Index (ADX DI) is indicating the trend strength has dropped with the ADX (Orange Line) at 32.86 below its 9 Period EMA (Black Line) which is at 39.50. The -DI (Red Line) has increased slightly to 19.00 and the +DI (Green Line) has dropped to 13.78. This indicates that Negative Momentum is still stronger than Positive Momentum on this 1D timeframe. The Moving Average Convergence Divergence (MACD) is one to keep an eye on. Note that the MACD Line (Blue Line) is still below its Signal Line (Orange Line). If the MACD Line (Blue Line) drops below the 0.0 Base Line then we may see a big drop in price on this 1D timeframe. Note that the Red Histogram has been decreasing in size so a drop is not set in stone yet. So what is all this telling me………… at the moment there is uncertainty in the air for ADA, if the MACD Line (Blue Line) crosses under the 0.0 base line then we may possibly see a big drop as that may also bring the Lagging Span (Chikou Span) under the price from 30 Period ago, if this happens then the price may drop the price under its support/resistance zone turning that area into resistance. If there is a drop, ADA will possible drop as far as its Ichimoku cloud Base Line (Kijun Sen) level or Leading Span A (Senkou Span A) support levels.. So the MACD Line (Blue Line), Ichimoku Cloud Lagging Span (Chikou Span) and the upper Support/Resistance area are crucial to watch on this 1D timeframe as there may be opportunities to acquire ADA at a cheaper price. I hope this is helpful with your Trading and Hodl-ing.
BINANCE:ADAUSD
by entertheroach
BTC - Let's have a look at the Weekly ChartBTC - let’s have a look at the 1 week chart for a change: Note that BTC is still above its 50MA for this 1W timeframe. BTC is still above its Bollinger Bands Middle Band Basis 20 Period SMA on this 1W timeframe. Note that the Upper and Lower Bollinger Bands are looking very close to expanding, at the moment, if they do expand, this would be expansion for the downside. BTC is still in its longterm upwards Pitchfork Pattern (A,B,C). Note that BTC has found some support from its Pitchfork Median Line. A weekly CLOSE ABOVE this level is crucial if you are waiting to go LONG. A CLOSE BELOW this level will be great if you are waiting to go SHORT. The week hasn’t finished yet but its very likely that BTC will close this weekly candle as a massive Bearish Engulfing Candle. Note that it is a very similar looking candle to the week of 10th May which, if true, may lead to further drops. BTC is still above its Least Squares Moving Average (LSMA) level on this 1W timeframe. BTC is back below its Volume Profile Fixed Range Point of Control (VPFR POC) for the fixed range of 8 weekly candles that i have selected. It is very crucial that BTC CLOSES a weekly candle ABOVE this POC. Note that Volume is still relatively low and note that the Volume Bars have not been above its Volume 20 Period MA since the week of the 17th May. I have added the crucial support and resistance areas on this weekly chart, you can clearly see that BTC is sandwiched in between a rock and a hard place. The Average Directional Index (ADX DI) is indicating the overall trend strength has weakened dramatically on this 1W timeframe. The ADX (Orange Line) has dropped to 27.18 and is below its 9 Period EMA (Black Line) which is at 34.01. The +DI (Green Line) is at 19.82 and the -DI (Red Line) is at 18.80. At the moment, Positive Momentum is still dominant on this 1W timeframe, but note that the +DI (Green line) is pointing downwards and the -DI (Red Line) is pointing upwards, this indicates we may see Negative Momentum become dominant on this 1W timeframe if the +DI (Green Line) crosses back UNDER the -DI (Red Line). The Chaikin Money Flow (CMF) is actually indicating that BTC is still being Accumulated with the CMF (Green Line) in the accumulation zone at 0.12. Note that we have accumulation strength because the CMF (Green Line) is still above its Least Squares Moving Average (LSMA) which is at -0.01 for this 1W timeframe. The Relative Strength Index (RSI) is indicating momentum is downwards on this 1W timeframe at the moment. Note that the RSI (Purple Line) has crossed back UNDER its 9 Period EMA (Orange Line) which is a sign of strong Negative Momentum on the 1W timeframe. The Moving Average Convergence Divergence (MACD) is crucial to watch because if you are LONG then you don't want the MACD Line (Blue Line) to cross back UNDER the Signal Line (Orange Line) for this 1W timeframe. Note that the MACD Line (Blue Line) is still above the Signal Line (Orange Line) and is also still in the positive zone for this 1W timeframe. For this 1W timeframe, the support area at $42,721 - $40,670 is absolutely crucial to CLOSE a weekly candle ABOVE. Note that this level also has the Pitchfork Median Line running through it as well as the Bollinger Bands Middle Band Basis 20 period SMA. If those levels fail as support then BTC will head to the LSMA and then 50MA level. If we do get an influx of upwards momentum, we STILL need to keep an eye on how this weekly candle CLOSES, because the Bearish Engulfing Candle could become a potential Hanging Man Candle, which would be potentially more devastating. Note that CONFIRMATION on what candle this weekly candle becomes and what direction, will be CONFIRMED on how the NEXT weekly candle ends. As with everything, depending on what timeframe you are in be it short-term, mid-term or longterm, confirmation is key. It should be a very interesting couple of days. I hope this is helpful with your trading and hodl-ing. Notes for those who don’t know: LSMA = Black Squiggly Line on chart 50MA = Blue Squiggly Line on Chart Bollinger Bands = Grey Bands on Chart Pitchfork Pattern = A,B,C Pattern on Chart VPFR POC = Short Horizontal Red Line on Chart Volume Bar = Bottom of Chart Volume 20 Period MA = Orange Line Going through volume Bars on Chart Support & Resistance Areas = Horizontal Parallel Black Lines with Yellow Shading on Chart
BITSTAMP:BTCUSD
by entertheroach
4
VeChain - 4hr Chart UpdateVeChain 4hr Chart Update As usual with the massive Longs Liquidation yesterday, our beloved VeChain got hit with one of the worst drops compared to other assets, basically erasing all the gains from 31st August. More on this later. VET is still within its upwards Pitchfork Pattern (A,B,C), it actually dropped all the way to its lower blue support line and bounced back up. VET eventually needs to make it back ABOVE the Pitchfork Median Line. VET is below its 50EMA on this 4hr timeframe. VET is below its 200EMA for this 4hr timeframe. At the moment of typing this, VET has found some resistance from its Least Squares Moving Average (LSMA) Level. We need a successful 4hr candle CLOSE ABOVE this level for continued upwards momentum. VET is way below its Bollinger Bands Middle Band Basis 20 Period SMA, we have had massive expansion of the Upper and Lower Bands but note that the Upper Band is starting to point downwards and the Lower Band is starting to curve around indicating we may see some consolidation and reduce volatility. VET is still above the Volume Profile Visible Range Point of Control (VPVR POC) for this charts visible range. VET is back above its Volume Profile Fixed Range Point of Control (VPFR POC) for the Fixed range of 10x 4hr Candles that i have selected. We have seen increased Volume on this 4hr timeframe and note that the last 2 4hr Volume Bars have closed green and above its Volume 20 Period MA. The Average Directional Index (ADX DI) is indicating the trend strength is strong with the ADX (Orange Line) at 45.40 above its 9 Period EMA (Black Line) which is at 40.72. Note that the +DI (Green Line) is pointing upwards at 9.94 and the -DI (Red Line) is pointing downwards at 37.29. This tells me that while Negative Momentum is strong, it has lost some momentum and Positive Momentum is starting to increase. We need the +DI (Green Line) to cross back over and ABOVE the -DI (Red Line) for renewed positive upwards momentum strength. The Chaikin Money Flow (CMF) is indicating that VET is back in the Accumulation Zone. Note that the CMF (Green Line) is below its Least Squares Moving Average (LSMA) which shows a lack of accumulation strength. We need the CMF (Green line) to cross back ABOVE the LSMA (Blue Line) for renewed upwards momentum. I got asked yesterday, “why does VeChain suffer the most when Binance Futures gets liquidated? is it because of weak hands?” It’s nothing to do with weak hands, from my opinion VeChain suffers because it doesn’t yet have the liquidity cushion of other exchanges like Coinbase, Bitstamp, Kraken and many other major exchanges that BTC, ETH and ADA have to help cushion any major drop, so when Binance Longs gets gutted by Binance themselves, VET suffers greatly. This is just my opinion, but it actually makes sense, so it's probably true ;-). Hopefully after the release of POA2.0, we’ll see VeChain and VTHO added onto some of other major exchanges increasing liquidity. I hope this is helpful with your Trading and Hodl-ing. Notes for those who don’t know: LSMA = Black Squiggly Line on chart 50MA = Yellow Squiggly Line on Chart 200MA = Red Squiggly Line on Chart Bollinger Bands = Green Bands on Chart Pitchfork = A,B,C Pattern on Chart VPVR POC = Long Horizontal Red Line on Chart VPFR POC = Short Horizontal Red Line on Chart Volume Bar = Bottom of Chart Volume 20 Period MA = Orange Line Going through Volume Bars
BINANCE:VETUSD
by entertheroach
1