HAIN Impressive DayNASDAQ:HAIN tried and failed to close under the 200 EMA 4 times. Now it has broken the upper trend line and MACD has turned positive with today's outside bullish engulfing bar.
I like it for a buy but I am going to wait to see if we get a small inside day tomorrow because a rest day would make the setup even better.
Moving Average Convergence / Divergence (MACD)
WHAT IS GOING ON WITH BTC/USDT?There are some parameter we must attend them
1.Volume: as you can see there is a decrease in volume which means one side of the market (Buyers/Sellers) stoped its action and waiting for a good entry point (Doji candles are confirming that)
2.EMA (9/21/50): these EMA's are showing us a strong downward trend
3.MACD: it is under zero line which means there is no support from the Bulls
4.RSi: it is below 50 which means the uptrend is not strong, on the other hand, it is on a line and it can be a good sign for the Bulls
** Short position: for Short position, 1st we must wait till the price break the support zone(31000$ and 28800$) successfully, 2nd we need a huge volume from sellers to confirm the downward trend, 3rd we need support from sellers and whales which we can see it from tall red bars of MACD,4th EMA's mustn't cross each other, in the end, we need RSI to break down the line and go down!
** Long position: for Long position, first thing first we need to break the dynamic resistance successfully (and have a pullback maybe) with a huge volume of Buyers, 2nd we need good support from Bulls which as I said before MACD can show us this parameter, 3rd RSI must break up the resistance and 50 level, 4th EMAs must cross up each other and come below the price, 5th we have to find some candlestick pattern to confirm our uptrend and give us an entry point
Last word: follow news, onchain-data, and whales action
ALICE/USDT has a massive bullish potential!Hi every one
ALICE/USDT
ALICE/USDT is ranging in a broadening wedge it seems and now the price has reached the bottom of this pattern (which is also a strong support for ALICE!) so now it is expected that the price would Increase from this point because of this reasons:
1- the price has reached it's bottom (strong support)
2-on MACD indicator there is a visible bullish sign! the MACD line is about to cross the Signal line upwardly! this is of course a Good bullish sign!
3-there is a Regular Bullish Divergence on RSI indicator as well which is another Great bullish sign as well!
for this particular reasons ALICE has a strong chance of starting a Great bullish run so be prepared for it!
*Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Thank you for seeing idea .
Have a nice day and Good luck
Visualizing the MACD EMAs on Bitcoin for tradesThe MACD is one of the most robust indicators that you can use due to the variety of signals you can use with hidden and traditional divergence on both the MACD itseft, as well as the histogram. Many people may tinker with the settings of the fast and slow EMA and they may look for crosses of the MACD and its own moving average, the signal line. Lots of attention is taken with looking at the MACD crossing the signal line for a change of trend but it seems fewer than would make sense look at the EMAs themselves, no matter which settings you use.
And even when people see the MACD cross the signal they don't pay it enough attention. We had a massive uptrend in 2017 and again this year and it ends with a MACD-Signal Cross. I posted on the MACD-Signal signal cross and lots of people pushed back. Lots of people doing TA on Trading View or YouTube commented on it, but still thought we would continue upward at $60K and did not have a proper appreciation for the cross given bitcoins history.
People saw a massive descending triangle in 2018 underneath a MACD-Signal cross and refused to accept it. The 12 and 26 EMAs crossed bearish, so the MACD and Signal line both went below zero, and people were still bullish. And really the charting come first. We get a chart pattern and then we should look to volume to confirm, and then we look for indicators to confirm.
Lets do a rundown on our current situation:
MACD-Signal Cross
Development of a bearish head and shoulders
The MACD EMAs, the 12 and the 26, are crossed bearish
What is missing is the Signal line crossing the zero along with the MACD, and I see that happening soon, very high probability, like over 90%.
Just take a look at this chart below. The 12-26 cross bearishly at the peak in 2011, 2014, and again in 2018. There was no bearish 12-26 EMA cross in 2013. Very simple TA has taken that off the table. But many people are still on that hopium. The 12-26 crossed in 2014 and there was some chop and a bear market. In 2017 it chopped to form a W pattern with the C19 dump but when we BTC cleared the bridge of the W we ran.
What do we do? We see a bearish structure and the easiest thing to do is look for historic support, be it chart structure or moving averages or do targeting based on the chart structure (fibs). Here is a quick look at targeting. Most likely the 200 will be support. If we have a NASDAQ dotcom bubble pop or a 2008 type recession we could go lower. The linked ideas have a variety of long term (years) and intermediate (months) for if we go into a bear market or the dotcom type bust.
Once again the charting isn't hard. It isn't hard to see the MACD-Signal cross and it isn't hard to see the 12-26 EMA cross bearish. It isn't hard to see the descending triangle and head and shoulders in 2017 and right now. But what is hard is accepting the facts in the charts against your hopes and bias.
The chances that this resolves to the downside are extraordinarily high. The chances that this formation breaks to the upside is very low. We could have a conversation on if this will lead to a V-shaped recovery or a prolonged downtrend. Will we get over-performance or under-performance to the downside? All these conversations will very likely end up happing more in the future than conversations trying to target $100k or $300k or any other upside target before we talk to the downside.
Thoughts?
EUR/USD 1DWe can see a falling wedge pattern on the chart that could lead to a bullish movement if a breakout happens. We can also see a bullish divergence on the RSI that is pretty common but still good to take under consideration. I think there is a big chance of a bullish movement on the EUR/USD , could be at the top of the falling wedge.
Make you bets !
USD/CAD: bearish movement is coming.Hello every one
U.S. Dollar / Canadian Dollar
USD/CAD has formed a rising wedge pattern .this means it is time for bears to take control .after the break out happens the price can fall to the support levels shown in the picture. There are also regular bearish divergences on both MACD and RSI indicators which makes the bear market more reliable. after the break out we can take sell position with ease.
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Thank you for seeing idea .
Have a nice day and Good luck.
BNBUSD sitting on the EMAWe are sitting on the 200 EMA, strong support. I think the entry is now pretty attractiv.
Correction wave seems to be completed and the sideways trend is accumulating for the trend up I guess.
The MACD shows us still a big oversold over the bigger time frame.
Long term target $480
Bitcoin Bear Market Confirmed on the MonthlyPreamble
There is quite a debate as to what constitutes a bear market generally and what constitutes a bear market in crypto specifically. Having pondered this question at length for myself and experiencing the pain of indecision this is what I have developed. This determination is very important because in bull markets bullish formations overperform and even bearish formations can break upward. In bear markets bullish formations fail to trigger and bearish formations over-perform. In the linked ideas you will see that I rang a warning bell when the three day condition was met at 50k and I called the bear market at 43k and look at us now, struggling to stay above 33.5k. I have been at sundry times mocked for my call, in person and online. Meh. We see the system is now printing a bearish close on the monthly timeframe and that is going to be extraordinarily difficult to overcome.
The System
The key components to this system are the VSTOP and the MTF VSTOP, which are based off the Average True range, a most valuable indicator for its use at finding lows in markets, and its use in measuring volatility for stops and the Keltner Channel. When both are flipped bearish or bullish the uptrend is extraordinarily resilient and despite viscous retracements there can be a lot more continuation potential. As they have both flipped bearish I continue to foresee a lot of bearish continuation. The monthly 20 SMA will very likely (above 90%) fall as support. Price may chop around there on the weekly chart for weeks but ultimately downside targets are going to be reached. The monthly MACD cross is almost upon us and in short order I foresee that happening as well. On lower time frames I can add the Ichimoku cloud or On Balance Volume with EMAs, but due to the high time frame those are unworkable now.
Targets
I continue to think that BTC will see some wicking below the monthly Keltner channel. We may even close a candle body below it before chopping sideways and then up. Please review the linked idea for more details on that.
Final Thoughts
If you are still bullish please let me know, technically, why. MY system lets me change my biases and my behavior as soon as the 3 day or weekly conditions are met. This monthly post is to help people understand the scope of that we are dealing with, and the forces that are at play. It is not possible for me to chart the 20 month wrong, or the VSTOP wrong. There is no squinting and seeing a falling wedge that isn't there or misreading divergences. The bias is bearish.
$HAI with fib and oscilators buy setupThis prediction lies upon MACD convergence point coming, based on a wave pattern of MACD. EWO also supports this, reaching it's peak in a downward trend, with fib you could expect a solid 30% growth in price in a medium-long time period. This downtrend for HAI is expected to change now. To use it with risks included I've made this buy setup:
buy price: 0.1000-0.1010
tp: 0.1315
sl: 0.900
AJ Trady 5 min ema and macd strategy.A new strategy that I have developed. Only enter when EMA crosses one of the longer term EMA's + a bullish cross is forming on the MACD. Ideally, you should wait for ema 8 to cross both ema 21 and 34 with a bullish cross formed/forming on MACD. Use alongside normal Support and Resistance for SL and TP levels. If used on crypto I mainly suggest just BTC as alt setups easily ruined by BTC doing what it wants.
NEAR/USDT (15/6/2021)NEAR/USDT:
What makes NEAR stand out and attract?
NEAR is a native utility token used for:
• Transaction processing and data storage fees.
• Run validator nodes on the network by staking NEAR tokens.
• Used for the admin ticket to determine how to allocate network resources.
NEAR's tools include:
• The NEAR SDK includes standard data structures and testing tools for Rust and AssemblyScript.
• Gitpod for NEAR helps create an integrated experience in no time for developers.
• NEAR Wallet allows application developers to create a streamlined user experience.
• NEAR Explorer is intended to assist in debugging contracts and understanding network performance.
• NEAR Command Line Tools are intended to allow developers to deploy applications from the local environment.
Price forecast in the near future:
- Currently Near is still moving sideways in the price range $2.8-$3.6
- In the next 2-3 days, if NEAR continuously closes the daily candle above the MA(10), it will create a new support area line. There is more motivation to go up back to the old price zone. Provided that the cash flow starts to flow more into the market and spreads to the midcaps
- With the potential and potential of the Near ecosystem, it will reach the price range of $ 15-20 between this time and the end of September.
- RSI and MACD are both trending up again at the same price $4
BTC (14/06/2021)BTC trend in short term:
BTC is moving sideways in the area of $35k-$37k, the range is gradually narrowing to the innermost ring of the bolinger Band.
Still moving steadily in the linear regression line
The 14th candle is currently above the MA(10) line, creating a new support line for the price of BTC , however, the buying and selling force is still very weak and tends to decrease. If Volume continues to decline for the 15th day and the price stays above the overhead support at $37k, this could be a new support line.
Considering the trend of the RSI line, the price is very likely BTC will returnin the short term, come to the uptrend and combined with the signal of the MACD indicator, the value of BTC has recovered from June 8th.
However, there is still a high possibility that there will be a correction to the $30-$33k price range and then it will really come back. That's in a positive market situation.
At a time when MarketCap fell deeply and there was no sign of money coming back to the market, the entry of money for Altcoins was extremely limited and very dangerous.
Recommendation: Continue to monitor the market and wait for positive signs and clear signals from BTC
Signal: #MA(10), #MA(20), #RSI, #MACD, #BB
How to use RSI and MACD In trading?Hi every one
*Definition of RSI:
This indicator Is momentum base indicator.
The biggest difference with momentum is that there are two line which indicate that: Is the price in the oversold or overbought area or not?
We can easily compare the tops and bottoms of every instrument that we like!
There is not much difference between RSI and Stochastic oscillator only that there is one line in RSI!
Remember every Indicators shows the future of the market!
**Full explanation of MACD:
Moving average convergence divergence (MACD) is a trend-following momentum indicator that shows the relationship between two moving averages of a security’s price. The MACD is calculated by subtracting the 26-period exponential moving average (EMA) from the 12-period EMA.
The result of that calculation is the MACD line. A nine-day EMA of the MACD called the "signal line," is then plotted on top of the MACD line, which can function as a trigger for buy and sell signals. you may buy the security when the MACD crosses above its signal line and sell—or short—the security when the MACD crosses below the signal line. Moving average convergence divergence (MACD) indicators can be interpreted in several ways, but the more common methods are crossovers, divergences, and rapid rises/falls.
Moving average convergence divergence (MACD) is calculated by subtracting the 26-period exponential moving average (EMA) from the 12-period EMA.
MACD triggers technical signals when it crosses above (to buy) or below (to sell) its signal line.
The speed of crossovers is also taken as a signal of a market is overbought or oversold.
MACD helps investors understand whether the bullish or bearish movement in the price is strengthening or weakening.
The MACD has a positive value (shown as the blue line) whenever the 12-period EMA (indicated by the red line) is above the 26-period EMA (the blue line) and a negative value when the 12-period EMA is below the 26-period EMA. The more distant the MACD is above or below its baseline indicates that the distance between the two EMAs is growing.
The MACD has a positive value (shown as the blue line) whenever the 12-period EMA (indicated by the red line) is above the 26-period EMA (the blue line ) and a negative value when the 12-period EMA is below the 26-period EMA. The more distant the MACD is above or below its baseline indicates that the distance between the two EMAs is growing.
MACD is often displayed with a histogram which graphs the distance between the MACD and its signal line. If the MACD is above the signal line, the histogram will be above the MACD’s baseline. If the MACD is below its signal line, the histogram will be below the MACD’s baseline. Traders use the MACD’s histogram to identify when bullish or bearish momentum is high.
***RSI VS MACD:
The relative strength indicator (RSI) aims to signal whether a market is considered to be overbought or oversold in relation to recent price levels. The RSI is an oscillator that calculates average price gains and losses over a given period of time. The default time period is 14 periods with values bounded from 0 to 100. MACD measures the relationship between two EMAs, while the RSI measures price change in relation to recent price highs and lows. These two indicators are often used together to provide analysts a more complete technical picture of a market. These indicators both measure momentum in a market, but, because they measure different factors, they sometimes give contrary indications. For example, the RSI may show a reading above 70 for a sustained period of time, indicating a market is overextended to the buy side in relation to recent prices, while the MACD indicates the market is still increasing in buying momentum. Either indicator may signal an upcoming trend change by showing divergence from price (price continues higher while the indicator turns lower, or the other way around.
The DEFINITION of Divergences!
We hope that you've learn something with this post .
Have a nice day and Good luck.
My possible next trade for Bitcoin!!!Bitcoin form a simetric triangle in H8 timeframe, but at the moment, we can't to buy Bitcoin, I hope to buy Bitcoin contract above of $37,700 USD.
s3.tradingview.com
Now, if you look the Daily timeframe, there's 2 indicator that show that Bitcoin it's preparing to continue to bullish movement soon. MACD show us good zone to buy, but not confirmed in the price action, for that, I decide to hope until Bitcoin break up the resistance at $37,700 USD. Meanwhile, in the RSI Bitcoin form a bullish diverngece making lower higher in the indicator and the price action maybe a lower low. That could be an indication that bulls are preparing to make a movement volatile soon!!!
At the moment, my idea it's neutral, but the chances could be bullish!!!
Bitcoin back on the upswing?Over the last few days bitcoin has shown us a number of reasons to indicate that this short term down swing has reversed. The good news is that:
Bitcoin has broken out of the triangle to the upside
The MACD's histogram has been moving in a positive direction since the 19th of May
The RSI left oversold territory and has stayed above 30 - indicating upward momentum
The MACD has crossed the signal line - indicating upward momentum
However, the $40,000 line is not only a historic resistance level, but it is also a psychology significant number. It would be great news if we were to break that 40k level. And as we have learned about Bitcoin, the news can have a MAJOR affect on the price of bitcoin.
There is also the 200 day MA to contend with. There will still be bearish sentiment in the market as long as we are under that level. We are "In a bear market" according to many.
So if Bitcoin does not break 40k, and does not break the 200 day moving average, than we could see another retracement back down.
This is all in the short term though. Since the beginning of the year and continuing now, there has been huge institutional investment into Bitcoin.
I am not sure where bitcoin is headed in the next month or two but, I'd be shocked if it does not hit 100k by the end of the year.
Thank you for reading! Please check out my guides on how to read different indicators linked below. Be sure to Like, Comment, and Follow for more!
Update: Possible pattern in the overall marketThis is purely hypothetical. It appears a pattern has formed in terms of periods of heavy growth and periods of stalling growth. I was able to chart all 3 major indices in aggregate. This is another projection.
A possible catalyst that could cause June to be a turbulent month, while still squeaking out about a 1% gain, would be the June 10th CPI report coming in hot. The labor market and supply chains have seen the worst of inflation and have been passing on the price increases to consumers/customers successfully. If it comes in hot, it could cause the market to rethink the idea that inflation is transitory and cause fear that the Fed will slam on the breaks too soon with their asset purchases.
If and when this happens, the market should adjust and reprice accordingly and then continue its leg higher.
What do you think the markets will do? Will this year be a choppy grind higher or will we see another correction and have a smooth ride from then on? Possibilities are endless and there can always be a macroeconomic event or geopolitical event that could cause changes.
Using the Moving Average Convergence Divergence (MACD)MACD – What it is
The Moving Average Convergence Divergence (MACD) is the momentum indicator that shows the relationship between two different moving averages:
1. The 12 period exponential moving average – On Tradingview it is the Fast Length.
2. The 26 periods exponential moving average –On Tradingview it is the Slow Length.
The MACD line is calculated by subtracting the 26 period EMA from the 12 period EMA.
The Signal line is the 9 period exponential moving average.
These two lines are then plotted on top of each other. These are the two lines you see when you turn on the MACD indicator.
Additionally, there is a histogram that shows the distance between the two lines. Larger bars tell us that the MACD and Signal are further apart.
When it comes to candles, size matters. The larger the candle the more momentum the trend has.
The histogram will turn green when the MACD line is above 0 (bullish) and it will turn red when the MACD line is below 0 (bearish).
Very bearish momentum is shown above. Photo was taken May 23, 2021.
How to use the MACD
The most important thing to know about the MACD is how to read the relationship between the two lines.
I’ve found that the best timeframe to use the MACD with is daily. This is because the MACD is a lagging indicator and using daily data prevents a lot (not all) of false buy and sell signals.
These signals are:
• When the MACD line crosses above the signal line it is a buy signal
• When the MACD line crosses below the signal line it is a sell signal
Additionally, it is best to use the MACD in a trending market; a market with a clearly defined up or down trend.
Using the MACD with trend lines is a very powerful combination.
The reason for this is that if the market is moving sideways, you can see small fluctuations where the MACD and Signal Line cross but the price does not really go anywhere. These are false breakouts.
Therefore, these signals are not automatic buys and sells.
There are ways of confirming the indications from the MACD chart.
One way is a strategy that uses the RSI and MACD together (which is beyond the scope of this text, but I will discuss in my next article).
Another way is to use the MACD with the current trend. So, if you are in an uptrend and then you see a bullish cross, then this is confirmation that you are likely to go higher.
The same is true in reverse.
Also, please note that the cross over happens well after the price either stabilizes or rises. Again, this is because the MACD is a lagging indicator.
Leading Indicator?
Since the MACD and Signal lines are lagging indicators is there something that can be used in a predictive way?
Some traders use the histogram as a way to predict when a reversal will occur.
Since the MACD is a momentum indicator it can show us when sell pressure is alleviating. Meaning it might be a good time to buy.
This doesn’t always work of course, but with good risk management (stop losses) you can often get into a position well before its breakout.
Conversely, it can show you when your long position is running out of steam and can warn you when to get out.
MACD Divergence
Another useful way to use the MACD is to spot divergences.
A bullish divergence, very similar to the RSI, is when the short-term price trend is going down but, the MACD is going up.
Bearish divergence, also very similar to the RSI, is when the price trend is going up but, the MACD is going down.
Trading this way is sometimes not a good idea because you are trading against the trend. Please practice good risk management if you are trading reversals.
Also, notice the buy signal right before the sell signal that is circled. I really want to hammer home the point that the signals are not automatic buys and sells.
Price action is a great way to confirm the reversal (to the up or down side) of a trend. Because simply spotting a divergence does not guarantee the price will follow.
Final thoughts
As you can see there are different ways of successfully using the MACD. I hope I’ve made a few of these ways clear in this beginner guide.
Please let me know if you have any questions and if you like it, please hit the thumbs up and be sure to follow for more.
Links to my Fibonacci Retracement and RSI guides are below.
Thanks for reading!