Bull Flag Visible on Weekly Timeframe with MACD Bullish CrossThis is a company that has quite a good P/E and has Bounced from the bottom of a Parallel Channel after printing Bullish Divergence on the MACD. As of today the weekly has closed near the breakout point of the Channel and has confirmed a Bullish MACD Crossover above all the major Moving Averages.
Due to all this i expect that upon breaking above the channel we will have a Blue Sky Breakout that could take us to $28-$30
Macdcrossover
BTC 29k - 30k Support Now is 36k - 37k!That 36k -37k Range proves to be as strong as 29k - 30k and maybe it's this support that has gone up.
For the medium term we had a very strong breakout of the 39600 - 40k resistance where a good entry now would be after the bullish pivot forms with a retest in this region.
- A conservative entry would be on the breakout of the previous candlestick's high on the retest.
- Resistance at 42900 and fibo targets on the chart.
- Heikin Ashi showed buying strength in several h4 candles from March 6th to today. We also had the escalation of bullish divergences smaller tfs up to h3 on the RSI with the confirmation made by MACD crossover.
As I like to emphasize, monthly we are in a bull channel.
Portugues...
Esse Range de 36k -37k se mostra tão forte quanto 29k - 30k e talvez seja esse suporte que tenha subido.
Para médio prazo tivemos um rompimento com muita força da resistência de 39600 - 40k onde uma boa entrada agora seria após o pivô de alta se formar com um reteste nessa região.
- Uma entrada conservadora seria no rompimento da máxima do candle anterior no reteste.
- Resistencia em 42900 e alvos de fibo no gráfico.
- Heikin Ashi mostrou a força compradora em vários candles de h4 des do dia 6 de março até hoje. Tivemos tb a escalada de divergências bullish tfs menores até h3 no RSI com a confirmação feita por MACD crossover.
Como gosto de frisar, mensal estamos num canal de alta.
BTC,Inverted Head and Shoulders Pattern?My strategy always boils down to 2 entries for 1 stop loss which is in my opinion the most important.
Long:
1- Entry 0,618 Fib Retracement
2 - cloud support
STOP LOSS: 0.8% BELOW 0.786 FIB Retracement
Target:
1 - 0,5 Fib Retracement
2- 0,236 Fib Extension (from 0.5 fib Retracement, increase stop to 0.618 fib Retracement and go up with each achievement of resistance)
Short:
1- Entry 0,382 Fib Retracement
2- 0,236 Fib Retracement
STOP LOSS 0.8% ABOVE 0,236 Fib Extension
BTC, My targets for the weekMy strategy always boils down to 2 entries for 1 stop loss which is in my opinion the most important.
Long:
1- Entry 0,618 Fib Retracement
2 - cloud support
STOP LOSS: 0.8% BELOW 0.786 FIB Retracement
Target:
1 - 0,5 Fib Retracement
2- 0,236 Fib Extension (from 0.5 fib Retracement, increase stop to 0.618 fib Retracement and go up with each achievement of resistance)
Short:
1- Entry 0,382 Fib Retracement
2- 0,236 Fib Retracement
STOP LOSS 0.8% ABOVE 0,236 Fib Extension
BTC, Broke 42200 with volume, let's go easy to 46kFirst: Follow me on Youtube: Murillo Batera Trader.
Hey Guys Humbly my thoughts and my TARGETS of entry EXIT and Stop loss...yes stop loss and depending on the agent it goes up to gain, the stop is your friend.
Turning points for Bitcoin it's good to be smart both not to stay out of the rocket to the moon and not to stay inside it when falling off the precipice.
in the act of writing...
** Sentiment indicators
still with bullish signals.
- Market at Fear 33
- LSR 0.8
- Open interest 81k
- We Desculated From The S&P500 , It's The Second Consecutive Day We've Rise While The S&P500 Falls
- the negative point goes to the dominance that is falling.
** Technical Analysis .
- we are trending up again on virtually all timeframes
- just the daily, however this is an important TF and we are unlikely to hit 47300 in my opinion.
- If it passes, it's not the moon, it's Mars, Venus, Jupiter etc.
** My long and target suggestions are on the chart.
- Stop loss 37800
BTC my targets for todayTf- H1 - Using Fibo Retracement and VPFR
enter sold
... 0.5 First entry
... 0.382 Second entry
Stop loss at 42900
sale target
... 0.786 First target. VPFR VA Support
... 1 Second target. last bottom resents
So that's it, it's all right to go wrong and from now on it's just backwards!
------------------------------------------------------------------------------------------------------------
Tf- H1 - Usando Retração de Fibo e VPFR
Entrar vendido
... 0,5 Primeira entrada
... 0,382 Segunda entrada
Stop loss em 42900
Alvo da venda
... 0,786 Primeiro alvo. Suporte VA do VPFR
... 1 Segundo alvo. Ultimo fundo ressente
Então é isso, está tudo certo pra dar errado e daqui pra frente é só pra traz !
BTC Short Targets- Do you know who creates the resistances? It's the trapped people!
A lot of people stuck between 45 and 47k --- 53 and 55k
Now the Plan is:
- open interest in 5 or less.
- LSR at 2 or less.... is still high, that is, btc futures contracts
unfortunately you need to liquidate more to decrease and btc to rise.
BTC Melted, what to do!?- Main reasons for the fall.
***LSR long short ratio is above 2 ... will keep falling.
***SPX 500 falling
***FOMC being tough on containing inflation
***FED leaking information that will make at least 4 interest rate increases
this year
***Accumulation Wyckoff (last hope to move up from there).. I'll go into 41500
Stop 0.8% below 39600 (last hope of upside bottoms on weekly) Macd crossover is up ZERO on monthly.
If it is not Wyckoff accumulation (Spring test) I will start accumulating for the long term, entry into the support of the
ichimoku cloud at 35500k and tb VWMA 20 from Monthly.
Another entry would be on monthly Poc support.
(last support from bull) 29500
VWMA 20 volume weighted mobile media 20 month period. Powerful!
POC - Fixed Volume Range Profile
Btc dominance just dropping and ETH already catches more than half.
Suggestion:
In Bear MRKT, don't get more than 20% long.
In a side market (which we are in), don't get more than 30% long.
In Bull MRKT, don't get LESS than 40% bought.
Indian Bank (NSE) SHORT POSITIONOn the 4-hour chart, we can expect a bearish confirmation of the MACD crossover indicator, because as we can see, the MACD line and the signal line are already getting close to each other. The stock price is also moving to the middle level of the Keltner channel. The Williams Fractals indicator shows a bearish confirmation either. In view of these findings, we expect the price will reach a middle level and consequently, a re-test should be performed.
Position: SHORT
Entry level: $ 1.85
Target price: $ 1.70
NO FINANCIAL ADVICE
A major WEEKLY sign for the bulls on BTCUSDIts so early in the week, so cannot count it as a thing yet... but had to share, got me excited!
WE can see the first MACD green weekly candle foirming on BTCUSD pair.
that would be so nice to see the week close like this in 6 days!
Of course there are many other indicators showing such strength too... feels like the bull run is on again!
The MACD explained ! All you need to know about it Hello everyone, as we all know the market action discounts everything :)
_________________________________Make sure to Like and Follow if you like the idea_________________________________
In this video, I am gonna explain what is the MACD and how to use it and how to identify buy and sell signals using this indicator.
So what is the MACD, The MACD is a trend-following momentum indicator (so a momentum indicator is a technical analysis tool that allows us to determine the strength or weakness of a stock's price movement )
There are a lot of people that use the MACD when they analyze charts because it's very simple and it's very good but I always say never just use 1 indicator to analyze a chart, always try to use at least 3 this way u can make sure that the result is more accurate and the market most likely to move as u analyzed.
let's look at the theory behind the MACD before looking at a real-life example and how to identify buy and sell signals using this indicator :
The typical settings for the MACD are 12 26 and 9.
The MACD consist of 4 parts :
1) Zero line
2) MACD line
3) Signal line
4) Histogram
We start off with our zero line and this is where the MACD line and the signal line move around and basically so if the MACD is trading above the 0 line then it's bullish and if it's under then it's bearish.
Then we have the MACD line and it comes from the 12 26 section, and it gets calculated by subtracting the 26 EMA of the price out of the 12 day EMA of the price.
And after that we have a second line that gets plotted from the 9 section so basically, it’s a moving average for the MACD line so it tries to smooth the MACD line and give us some signals and it's called the signal line.(it's called a signal line because that's where we get our buy and sell signals from)
So on top of that, we have another part in this indicator which is called the histogram. So this histogram job is to show how close these lines will crossover, so when the distance between the MACD line and the signal line is far the histogram gets bigger and bigger.
So how do we use this indicator :
1) Crossovers between the MACD line and the Signal line.
* When the MACD line crosses above the Signal line then its a buy signal (Bullish Crossover)
* When the MACD line crosses below the Signal line then its a sell signal (Bearish Crossover)
2) The Histogram .
A lot of people use histograms as a way to predict when a reversal will occur.
We know that the MACD is a momentum indicator so it can show us when sell pressure is low. And that means it might be a good time to buy. And It can tell you when your long position is about to run out of steam and when you should exit.
3) Divergences between the MACD and the Market Price .
A Divergence means that the indicator is not moving in sync with the Market Price and a Reversal could happen (Note that Reversal trading is risky so please calculate your risks before using this Strategy)
always remember that :
Bullish divergence is when the Market price is going down but the MACD is going up.
Bearish divergence is when the Market Price is going up but the MACD is going down.
I hope I’ve made the MACD easy for you to understand and please ask if you have any questions .
Hit that like if you found this helpful and check out my other video about the Moving Average, Stochastic oscillator, The Dow Jones Theory, How To Trade Breakouts and The RSI. links will be bellow
Oil still going up ? 1W analysis Hello everyone , as we all know the market action discounts everything :)
The WTI/USD closed at 74.64 last week dropping from 75.28 but the market is showing great strength , and the bears trying to stay in control . The market seems to be moving in an upward channel between the range of 83 and 63 with no breakouts yet . no signs of a reversal pattern yet .
for the daily basis seems like the price might drop a bit , but on a weekly chart the data is telling us that the market seems to be getting some momentum , where indicators are telling us the movement is still bullish , lets check that data :
1_Market price trending above then 10MA , 20MA and the EMA (bullish sign).
2_RSI at 71.31 sitting in overbought zone and showing great strength in the market (bullish sign).
3_MACD creating a positive crossover with the market price (bullish sign).
Support & Resistance points :
support Resistance
1_71.43 1_77.66
2_68.07 2_80.53
3_65.20 3_83.89
Fundamental point of view :
Margaret Yang stated that :
Crude oil prices pulled back slightly during Monday’s APAC mid-day session after rising 3.5% over the last two days. The emergence of the Delta variant of Covid-19 is threatening a new round of lockdowns around the world, casting a shadow over the outlook for energy demand. A stronger US Dollar also weighed on commodity prices.
"Meanwhile, unresolved deadlock between Saudi Arabia and the United Arab Emirates (UAE) remains a wildcard in the oil market. Traders are worried that escalated disputes may reignite a price war among OPEC+ members and hammer oil prices. On the other hand, a resolution may lend support for prices to aim at higher levels. This is because the planned 400k bpd production hike marks only a small fraction of an estimated global supply shortfall of 3 million bpd by the end of this year."
Oil and gas production is becoming a tedious business, like coal mining or nuclear power, after the hype of previous years. Weekly data shows an increase in drilling activity in the US oil and gas sector. However, new rigs are only enough to maintain production at 11m BPD since last September, after the peak in March 2020 above 13m b/d. Even two-year highs in prices and extremely favourable financial conditions on the markets do not inspire active expansion. Without the US as a contender for market share, the main balancing force is the OPEC cartel, whose overall policy is well within the new "standards" of boring oil producers: high dividends and slow-growing supply. If the production boom is behind us, we should expect a price boom along with a demand boom.
Make sure to Follow and Like for more content
This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts for The Fundamental point of view , not financial advice.
If you have any questions please ask
Thank you for reading.
Eur/USDHello traders,
First of all I want to tell you that this trading idea is for those traders that have patience !
I expect to have this trade finised until NY Exchange hours are over.
Using fibs and MACD on daily TF, you can observe that EUR / USD should hit 1.9xx soon.
I prefer to have a decent 1/2 R/R and lower the risk.
Have a nice day !
Buy ABFRLA Symmetric Triangle formation has occurred on the weekly charts.
Above average high volume on breakout.
Also price has been in an expanding formation since 11th May 2020.
Price objective as per Triangle formation comes to 382.9
Other near term price targets are shown by green horizontal lines
Rising ADX line + Bullish MACD crossover on weekly charts further confirm the bullish trend
Stop Loss can be kept at 184.3
Risk/Reward Ratio is 4.35
Potential double bottom on SalmThis is a gem. Under the radar, super undervalued. Nothing wrong with allocated 2-3% of your portfolio for long term. I could see this hitting 20-30 in the next 2 years. All the technical and fundamentals are screaming BUY. Wish me luck!
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!
Prince Pipes | FLAG PATTERN | Breakout with inverted hammer
Bullish engulfing
MACD crossover just started - Volume confirmation pending
Flag pattern
Flag pole length = 67 points
Lower flag cost = 487 points
Price target = 554/-
CMP= 528/-
Time target = 5 days
3rd May '21
Upper flag cloth resistance broken with Inverted hammer pattern. Watch out for tomorrow's move.
NSE:PRINCEPIPE