GrowGeneration CorpOn the above 9-day chart price action has corrected 97% since the sell signal printed in February 2021. A number of reasons now exist to have a long position, including:
1) You know why..
2) Price action and RSI resistance breakouts.
3) Price action prints a double with higher lows in RSI.
4) Strong bullish divergence. Lots of it.
5) No stock splits.
Is it possible price action falls further? Sure.
Is it probable? No.
Ww
Type: investment
Risk: <=6% of portfolio
Timeframe: Will say elsewhere
Return: No idea
Stop loss: Will say elsewhere
M-oscillator
📈Quick Bitcoin Long Setup / 49Min (Updates soon)📉BINANCE:BTCUSDT
BINANCE:BTCUSD
Hello traders.
Bitcoin has a bullish guard above the current support.
Volume management and risk-free strategy are very important in this setup.
Bollinger band midline movement can help you manage your risk.
The divergence of the indicators is shown in the chart.
OIl Buy The Dips, Sell the RipsCrude OIl: Daily, Fibs & Indicators . . . Not as bullish as one would think. The move above the daily BB showed why you don't buy above the BBs . . . eventually, you get a correction. 3 days down for oil. The BB midpoint, yellow line, has been a support level for oil and will be interesting to see what happens down there. But, we are at a big resistance level based on the Oct - Dec 23 downdraft . . . so, we will be watching to see if we get support at 79.25 and then do we make a move back to highs at 83.22? That may be the trade in oil.
LLOY, Gap Upward after cross a resistanceAfter a formation of a double bottom, we can see the price crossing the two resistance levels.
Making a Gap on Thurdays Open.
DMI is showing some bullish strength, RSI is at an extreme of overbought. Volume is increasing right now, after decreasing on Thursdays.
WIth these factors, the price it will probably try to close the gap or even test the new support level.
Bitcoin to $51kOn the above daily chart price action has enjoyed a powerful upside move. A number of reasons now exist to be short:
1) Failed Relative Strength Index (RSI) support.
2) Failed Money Flow Index (MFI) support. Smart money is exiting.
3) Price action has exited the Bollinger Band. (Green circles).
95% of price action trades around the mean (black line) inside the band. That is a 13% correction away.
Is it possible price action continues higher? Sure.
Is it probable? No.
Ww
Type: Short trade
Risk: You decide
Entry: 64k if you can get it.
Return: You decide
NULSOn the above 3-day chart price action has corrected 90% since the sell signal (not shown) at $1.40 after a 500% run from the previous idea. Now is an excellent long moment. Why?
1) Strong buy signal (not shown)
2) Price action resistance breakout with confirmation of support.
3) Bullish hidden divergence. Often I talk about regular bullish divergence. Hidden divergence is the more powerful cousin. This occurs when oscillators prints a lower low as price action prints a higher high.
4) Price action on this chart has a very predictable target following the breakout of ..
Is it possible price action falls further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: Don’t know.
Return: Will say elsewhere
SILVERHere is a short explanation of the "continued upward trajectory for a while longer" concept mentioned in the previous idea. This term suggests that the current trend of price movement could also maintain upward direction for a certain duration before reversing. Such occurrences in silver price movements are relatively infrequent and have only happened three times since 2017 (see picture).
It's important to emphasize that while past performance does not ensure future outcomes, recognizing historical patterns can aid decision-making. It is crucial to exercise patience and prioritize waiting for confirmation of a trend reversal rather than hastily entering or exiting positions based on speculative impulses. In this context, it is highly significant to highlight the importance of monitoring key levels on the price chart, such as overbought and oversold positions indicated by the blue arrows in both the Slow Trend and Fast Trend indicators.
With this clarified, we now await developments in the upcoming week: either a continued upward trajectory for a while longer or confirmation of a reversal It's challenging to envision a third option.
Silver Fails At Top of Range . . . Now what?Silver: Daily Fibs and Indicators: Silver has a bull fib objective that takes it to 28.86, a massive move. It held it's 61.8% line in October 23 and was on it's way until December 23 when it stopped at the high of it's daily range. We traded down early in the year, only to test that high again htis past week. And, we are selling off of it again. We can't trust gold to go higher if Silver doesn't make a new high here. Silver lost it's embedded reading of the past 4 days. Big test for silver is 24.21, the BB midpoint, and the bull fibs from lows. that 23.55 level was resistance and the fact that it's the 61.8% line and support could be very key to support here. IMO, that would be a good place be a buyer for silver.
CLSK a crypto miner reports February 8th LONGCLSK is tied to the ebbs and tides of the crypto market especially high market cap Bitcoin.
On the 120-minute chart, it is trending up from a reversal. The 0.5 Fib level is above at 10.0
about 10% upside from the current price. Earnings are February 8th. The last earnings saw a big
turnaround as CLSK started to make money. Price is currently about 90% below all-time highs.
The recent surge in Bitcoin albeit with a partial pullback afterward has likely benefited
CleanSpark. I see this as a short-term swing pre-earnings play that could gain big or
drop with an earnings miss. I will set a stop loss to protect against the latter. Today's price
action and the indicators are reassurance in the risk taken.
Gold Daily Losing Embedded Status - Retracement Coming!Gold: Daily, Fib & Indicators . . . We hit the high a week ago, corresponding to our objective from the Daily Fib Long in October 23. Now, we are lining up for a daily retracement of that move from October 23 to our highs. We could spend the next2-3 months heading down to the bull fibs, between 1968.76 and 2066.42. The daily chart, even with the Asian breakout to highs, has lost it's slow stochastic "embedded" status, meaning that further weakness, especially a close below 2155, would bring Bollinger Band support at 2131 into play. Losing that level would mean a trip to the lower Bollinger Band, currently within our Fib area at 2017. I will lean towards selling spikes, so long as we don't break into new highs. And, on weakness, I would lean against the 2155, 2130 levels as breaking those would mean a deeper correction.
SILVERIt is evident that the indicators have indeed continued to travel in the overbought area as anticipated. Now, it is crucial to exercise caution since both the slow and fast trend indicators are coming down from the overbought regions. This situation presents two possibilities yet again.
Firstly, there is a chance of the trend continuing upward for a while longer. Alternatively, there is the possibility of a reversal occurring in the upcoming week. Examining different time frames, there is increasing evidence supporting the latter scenario.
Given this evolving scenario, it is important to stay alert. The early signs of the end of the current trend and the start of a new one require careful attention until they are confirmed.
~52.7%Hi.
I have to admit that there is an increasing likelihood
of dominance falling off the ascending diagonal at last.
The 1 day and 2 day charts show the corresponding signs.
But things are happening very slowly.
We have to wait for behavior around ~52.7% .
But signals are very interesting.
9 seasons showed a bearish plot again.
LaRSI reversed on 2 days.
One Last Crypto PurgeCrypto has been on a general down-trend the last couple of days. In the last hour or two we've seen a temporary increase in the cryptos I've looked at but I'm not seeing volume to support the uptrend. In particular, I've been following UNFI in particular (main chart) and it looks like there's some buy/sell algorithms oscillating generally between the hour chart Bollinger bands. In it's last rise from 5.8 to 6.2 there have only been a couple hundred shares sold. I'm monitoring trades on this but I think conservatively it'll go down to 5.1 and possibly ~4.6 once the algorithm triggers a sell off.
One final point to justify my bearish position on UNFI: On March 19th at 0:00 UTC, the last time we were at the current price, 10k shares sold off (I'm guessing someone that decided to get out before it fell more). The last 2 full hours saw 484 and 87 shares change hands respectively. No one wants to buy this at 6.2. I think we are seeing an active bull trap as institutions try to offload shares before one final sell-off and reversal. Like I said earlier, I think computer algorithms are keeping these prices from tanking, but once they realize no one is buying, crypto will do one last fall.
For reference I've also put BRICK on the chart, which is one of the few cryptos I've found that's been particularly bullish over the last few days. Even if it might go up to where it was a few days ago, I wouldn't personally touch this one with a 9 foot pole for potential downside risk. Most of the cryptos I've looked at have pretty similar charts with increasing price in the last hour but no volume to support the move (SBR, SGB, POLIS, MULTI, etc). EWT had some bigger volume amounts and might also be worth researching.
HOW-TO: Accumulation Strategy 2024What if instead of buying a stock, crypto, currency only once and holding until we are in profit, we split our strategy capital and buy several times, until the total is in profit ? Yes, that is DCA you’d say. Ok, but what if instead of buying at predetermined intervals, we bought at oversold RSI, or on a double bottom, for example ? That’s the idea behind the Accumulation Strategy, which I’m going to explain in detail in this article.
█ Simple Example
The strategy comes with several features, and the easiest way to explain them is through examples.
The Max Active Deals input allows to limit how many times the strategy can trigger a buy in a trade, just like the pyramiding setting. It can go up to 100.
In this example, the strategy has 10 max active deals. and is using the RSI feature to buy when RSI crosses below a configurable threshold, here 25.
Note: to get stronger signals, the RSI time frame has been set to 1 hour, since the chart is in a 30 min time frame.
In this trade, the strategy bought 8 times (yellow arrows) before selling at take profit, but it could have bought twice more.
█ Take Profit Feature
Customisable in the input tab, this feature allows you to set one or multiple take profit(s). You can set the value in either %, pips, or Auto mode.
To create multiple targets, increase the Number of take profit and set the Step between each TP.
In our previous example, instead of just one, I set 3 TPs with 1% value and a step of 1. The strategy will sell progressively at a quantity split even at each take profit, until the last TP is hit.
Note: Using multiple take profit is often used to improve risk management in trading.
█ Built-in Entry Options
The strategy comes with several built-in indicators, such as the RSI that we’ve seen, but here’s the list:
MTF RSI cross, RSI divergences
MTF Stochastic cross
MTF Bollinger Bands cross
Top & Bottoms
Double Top & bottoms
Higher/Lower Lows/Highs
Custom External Entries
If you want to use ANY external indicator from the TradingView library and use it as an entry signal, you can!
For example, let’s use the Squeeze Momentum Indicator by Lazybear. After adding it to the chart, we select the first plot which is the histogram. Then we select the condition “crossover” and “0”. It will create a buy when the histogram turns green.
█ Trend Filters
In trading, we try to avoid going against the global trend.
The strategy comes with several built-in trendlines, MTF, or you can use ANY external trendline from the TV library.
The strategy offers other built-in filters such as volume, overbought in range/trending market, or flat market entry filters.
█ Stop Loss
The stop loss can be turned on/off. You can set the value in either %, pips, ATR or Auto mode.
Note: When to use a Stop Loss? Using a stop kind of defeats the purpose of the strategy, but it can be useful if you plan to trade highly volatile and risky coins (remember LUNA ?) That is why the option is there.
█ How to use the strategy
The indicator access is unlocked by subscribing on my website. See the links below this article.
█ Setting up a strategy
You can set up a strategy on your own chart in just one click using the preconfigured charts I will share below, or you can simply add the indicator yourself and play with the settings.
Backtesting
Backtesting is automatically done in the Strategy Tester Tab.
Creating Alerts
Once you have your strategy setup on the chart:
1 - Set the alert message in the indicator inputs (scroll to the bottom, you will find an “alert’ section)
2 - Save your chart and do not touch it anymore unless you want to update your alert (optional but recommended)
3 - Create an alert on Cyatophilum Accumulation Strategy, using the option “alert() function calls only” (this is really important!)
Only one alert is needed to handle all the strategy events! (entry, take profit, stop loss, etc.) Even a free TradingView user can create a strategy!
Automation
The subscription that I offer also comes with Automation bots using the Binance spot trading API .
Important: if you wish to automate your strategies, make sure your TradingView account has access to alert webhook notifications .
That’s it for this tutorial!
Pretty easy right? No, I know it can get complicated at first. 😣
That is why I make preconfigured charts. Once you have access, click on the chart link, then click “copy”, then “save” your “layout” to get your own chart that you can use and edit. Enjoy!
█ Preconfigured charts
BTC/USDT
Chart: www.tradingview.com
ETH/USDT
Chart: www.tradingview.com
BNB/USDT
Chart: www.tradingview.com
MATIC/USDT
Chart: www.tradingview.com
EGLD/USDT
Chart: www.tradingview.com
BTCUSDT - Bullish momentum to continue!We saw BINANCE:BTCUSDT break all time highs followed by a retracement. Currently, price has broken a bearish parallel channel and found support at a long term support trend line. Bullish divergence is also present at this level!
I am expecting the bullish momentum to continue on BINANCE:BTCUSDT !
AMZN Oversold - Initial LongCouple points to consider
1) RSI
2) Bullish divergence as drawn
3) Price below BB (In general price tends to print inside Bollinger Bands, usually a move below/above them will almost immediately result in the opposite move)
4) 5 oscillators flashing bullish on 3D chart
For me an easy 20-30% profit long trade. Too bad I can't be arsed to open a trading account on a broker.
Trend Trading Strategy for the Heiken Ashi Algo v6Knowing when the RSI and price are in a ranging phase even in the short term can be a difficult process.
You are either #Ranging #bullish or #bearish. At least in the Algo v6 you can get a clear vision of exactly whats happening.
In this video im going to give you a VERY simple strategy on:
1. How to know if the RSI and price are ranging
2. When do i break away from Ranges
3. Am I trending
4. Im trending but whats my confluence to take a long or short
5. Is my range getting bigger or smaller
Enjoy this quick vid and ask questions below.
Thanks everyone.
BTCUSDTHi guys
For Bitcoin, if the short-term uptrend line remains intact, the possibility of a continuation of the uptrend is strengthened.
Due to the issued negative divergence and price compression in the upward trend, the weight of a downward-corrective trend is currently high.
What do you think?
$IBIT March 21, 2024NASDAQ:IBIT March 21, 2024
15 Minutes.
For the rise from 28 to 41.99 levels NASDAQ:IBIT retraced 50%.
The LL at 35.41 made on Wednesday had oscillator divergence.
We have 39.4 levels as 200 averages. That should provide resistance for the current move.
That level is also 61.8 % retracement for the fall from 41.99 to 35.41.
For the day the rise from 35.41 to 37.69, 36-365 levels must hold for the uptrend target 39 - 39.5 levels.
$SPY March 21, 2024AMEX:SPY March 21, 2024
15 Minutes.
Wednesday. Once more made money.
Onc 518.5 was taken out AMEX:SPY made ATH.
Consider the rise from 515.08 to 520.62.
Holding 517 uptrend will continue.
Also if we take two other rises from 514.36 to 520.62 and from 511.1 to 520.62 We find 515-516 very important levels to hold to continue the uptrend.
For the move 508.36 to 515.47 to 511.13 I have 522 - 523 as target.