Dollar Index (Bearish Impulse) - DailyMajor Head & Shoulders is in formation for Right Shoulder to be completed at 0.618 of the entire bullish impulse, which is also retracement 0.382 of the Deep Bat Pattern (Alternate Bat)
Alternate Bat Pattern confirmations:
- A-B must touch 0.5, but cannot touch 0.618
- B-C must touch 0.618, but cannot exceed A (FIbo A-B) or just keep an eye on that 0.236
- D completion at 1.13 (Fibo X-A)
- Take profits at 0.382 and 0.618 (Fibo A-D)
MACD shows huge divergence at Higher High for bearish movement.
Good Trading. - Daily Chart
Macdivergence
Looks like ETH has hit bottomEthereum's price action looks to be bottoming out at a psychological support of $430. Heiken ashi is showing a possible trend reversal in the next few hours. While from our oscillators we have a divergence from MACD and a much stronger one from RSI. Bollinger Bands are also showing a weakening trend by price consistently failing to hit lower band. We very well could be in for a trend change on ETH. As a trader, I would recommend waiting for a more confirmation such as price breaking the upper resistance band on high volume or MACD to cross center line. Either way, rest of the day looks green for ETH if it can maintain current support level.
ETP double top DALY CHARTETP is forming a double top chart pattern ( bearish ) and bearish divergences in histogram. MACD is about to cross bearish , rsi just left the overbought zone.
I assume a retracement to 200 ema line is likely, which would mean about 20% decline in price.
Short, MACD DivergenceMACD divergence.
Price seem to lose momentum as it goes higher, possibility of a good sell opportunity on the 1H time frame.
This Short opportunity is also supported by the rising wedge within the larger downwards trend.
Probable long on 15MIN time frame to reach resistance line, however, strong breakdown of price on 03July indicates a short on the correction.
ICONic Divergence for ICX in RSI MACD StochIm playing an RSI divergence trade which has been working really well lately.
For more on this RSI strategy, please see the related link below... RSI and crypto trading.
Entry at 1.63
Stop at 1.41
Target at 2.16 OR
whichever happens first, the price when RSI reaches 60, OR the 100 MA.
If target approaches, and I can catch it, I will move stop trail it instead of exiting exactly at 2.16. While I know the risk, the target can fluctuate on these counter trend RSI trades.
This trade, if correct, will net about 2.4R
questions or comments, let me know. likes are appreciated.
Travis
JMJ - UIOGD
BTC inverse HnS forming, reversal?Welcome to my BTC analysis.
The MACD looks bearish , it's nearing the upper resistance. Also the RSI is looking a bit bearish. BTC is approaching the 0.236 fib and the neckline of the white HnS. They will probably let Bitcoin drop to finish the E wave of it's pennant. Then I expect a run to around 7500-7650. Hopefully it will break through the neckline of the inverse HnS. I will give some updates when it happens.
This is not a recommendation to buy/sell.
(I'm posting this again because the other chart was XBT)
$XGTILooks like a good runner, MACD cross, and volume coming in. Should see $2.00 by end of the run!
IOTA Buy with DivergenceHi,
I published IOTA in the middle of April and price broke out of its base shortly after and commenced a nice uptrend with an 80% return at its peak. After trading strongly it finally broke down in early May and has now consolidated and looking good for a buy again.
Note the bullish divergence formed on MACD and RSI. These support a possible break above the falling resistance line as shown on the chart.
A buy signal would be on close of price above the trendline. Don't buy until after the break is confirmed.
A good short term target would be 80% of the way back to the recent high around $2.4. Stop below the recent low around $1.56 for a Risk/Reward of ~2.
Good luck and good trading!
AAPL: High risk reward shortWow, lots to unpack on AAPL...
#1 A big ABCD completion from Jun'2013
#2 Price action hitting the upper bound of a channel from Jul'2017. Not to mention it is a 100% extension from the Nov'2017 to Feb'2018 ABC sequence
#3 Negative MACD divergence and price action
Stops can be set slightly above the top of the near-term channel with downside targets $148 (38.2% retracement) to $137 (50% retracement). If you are an Apple lover, you could also set up a straddle in case the channel breaks on the upside and the trend accelerates into an extended CD leg (c.$196 for 138.2% extension).
Huge Head and Shoulders Inverse6 mo long inverse HS, measure rule implies PT just high enough to fill gap (≈100% higher than now)
Be on watch may retrace to lower NL level before actually breaking out.
Momentum initiated as + on weekly interval today and monthly less negative.
AUDJPY (Ending Diagonal, Butterfly Pattern and 2618) -4hEnding Diagonal confirmations:
- 1 and 4 at same price
- 5 clear points
- take profits between 0.786 - 0.886
Butterfly Pattern confirmations:
- A-B must touch 0.786, but cannot exceed X
- B-C touches 0.382, but sometimes goes further (does not exceed A)
- ABCD formation. D has to reach outside X and touch 1.272 or 1.618
- TP 0.382 TP2 0.618 (Fibo A-D)
2618 confirmations:
- double top
- measure impulse
- retracement at 0.618
- TP at -0.27 and -0.618
Double Top + 0.618 = 2618
I expect price to go bullish towards 0.618 for 2618 bearish impulse, TP would be at -0.27 where I expect some type of pullback before bearish continuation from 50% to 0.786 -0.886 area, that's TP for Ending Diagonal.
Good Trading
FB Puts, CCI, STOCH RSI in sell territory, Bear MACD hidden divLooks like FB will be a put. On the daily, FB is in the sell territory for CCI and STOCH RSI indicators, as well as, a bearish MACD hidden divergence. Not only that, it just bounced off the top BB. While the weekly looks like it should be a call, the monthly looks bearish, which I find very interesting. Lets see how this goes.
EURUSD (2618 and Shark Pattern) -4h ChartFirst there was a Deep Crab formation, which was completed by going bullish to previous resistance, after marking higher high it went bearish forming an Ending Channel, at that point I saw divergence, because the entire consolidation made a double floor insdie MACD, which gave us that bullish impulse for D completion of a Shark Pattern.
At D there's a possible Double Top for our 2618 setup:
- double top
- measure impulse
- retracement at 0.618
- TP at -0.27 and -0.618
Double Top + 0.618 = 2618
Take profits for Shark Pattern would be those 3 blue lines, first one is at 0.618 where 0.382 is, second one is at 0.382 where 0 is and third line would be at point C where point 5 of the Ending Channel is (back to where it all started)
Good Trading.
DASH - privacy coin - over 300% possible earnings
Hi my dear friends.
Today we want to share with you another interesting idea of another (the biggest) privacy coin - Dash.
For many months or even years it was the most undervalued coins on the market.
Within a months it became on the strongest in the world.
When almost 2000 cryptocurrencies are fighting to be in the lime light, Dash has secured a number of very strong and loyal users who have put their trust in this coin (nearly 300k followers on Twitter).
Down below you will find some unique features of this coin:
1. Next Gen-P2P Network
At Dash’s core is a unique fully-incentivized peer-to-peer network. Miners are rewarded for securing the blockchain and masternodes are rewarded for validating, storing and serving the blockchain to users.
Masternodes represent a new layer of network servers that work in highly secure clusters called quorums to provide a variety of decentralized services, like instant transactions, privacy and governance, while eliminating the threat of low-cost network attacks.
They claim to have one the most intense network of masternodes being equal to 4,100 since launch in 2014.
2. PrivateSend Function
The PrivateSend function is one of the main reasons behind its popularity. The function uses multiple masternodes instead of a single website for a transaction. This allows the users to transfer payments much quicker.
3.InstantSend
This is another huge advantage over Bitcoin. InstantSend helps carry out transactions instantly. Unlike Bitcoin, transaction speed is one of the major drawbacks which Dash seems to have resolved quite easily through this function.
To sum up. This is very solid project, with very engaged developmnet team. It is one of the most decentralized crypto in the world, highly secured and fast. Dash has a potential to be a world class leader in crypto payments which can be applied to real economy becoming so obvious as donats behind the corner. LOL :)
Technical analysis details:
SMA6 crosses SMA50 - bull's cross
MACD positive divergence - bull's cross
DMI bull's cross
Fibonacci levels:
Target 1: 0.0606
Target 2: 0.0770
Target 3: 0.0901
Target 4: 0.1035
Target 5: 0.1222
Target 6: 0.1461
Stop-loss: 0.0342
Guys. This is great opportunity. Stable and profitable coin with possibility of massive adoption.
Thank you for all comments and likes.
Don't forget to follow us motivating us to hard work.
Share your thoughts and comments.
Remember, you are one of a kind!
HUGS!
Your WBM Team
ATOS Bullish MACD Divergence, Possible Buy SignalYesturday marked a possible buy signal. The price action is making newer lows, while the MACD is making higher highs, this marks a bullish divergence. Tomorrow should be the confirmation of this signal, if and only if this it closes higher than todays close.
NXT - Looks to be starting strong move up on Daily ChartWhat's up my traders!
Good entry point now on both 4 hour chart and daily chart. As long as bitcoin doesn't crash on us again hard, this could be a very nice trade.
Entry - $0.0125 (Still good time to enter a long position anywhere from $0.125 to $0.13)
Stop Loss: $0.11 ( I want to give this coin plenty of room and don't want to be stopped out prematurely. I'm ok with risking 8% on the downside which puts us around $0.11 as the stop loss.
Target: Short term I'm looking for a 30% gain in this trade. Which would put target at $0.165. Always willing to adjust as we approach target. Best case scenario is we get a move up to $0.25 area which is where this coin bounced to after the crash on Feb 6. That would be nearly 100% profit so not my most realistic target. I'd be thrilled with 30% profit in this market.
RSI - Absolutely has bullish divergence on the daily chart. That is what I'm most focused on, the daily. PLENTY of room for growth on the Daily chart. On 4 hour chart the RSI is approaching 70 so also very strong signs.
MACD - On Daily Chart we are also seeing bullish divergence (if you look realllllly close!). We're approaching the 0 line and beginning to see the blue line start to ever so slightly pull away from the red line. This is showing a growing interest from the buyers. Once we can break the zero line I think we'll really see NXT begin to move.
EMA's - Perfect perfect set up on the 4 hour EMA's. The 8, 13 and 21 EMAs have all now crossed over the 55 EMA. This is clear sign that if the market stays healthy, this coin is set to run. The Daily chart still has a long way to go before we get the same scenario playing out, but I'm taking the shot anyway as we seem to have good support for NXT around this level of $0.127 which was it's low back on February 6th after the crash. And it bounced nicely from there at that time.
BITTREX:NXTUSDT
BTC final countdown started!Dear crypto friend, lover, miners, amateurs and lambo drivers,
the final countdown just started, the moment of truth is coming, now it is time to decide BTC uptrend -> bullish till major channel level or downtrend -> bears to channel bottom.
During the week end and the week, very low volume, RSI stable and MACD ready to assess. Pretty annoying sideways movements not worth any kind of scalping or trade.
So very probable a downtrend in the next hours.
Stay tuned and like, share comment if you enjoyed the TA.
*this is just my opinion I'm not a professional advisor! Make your choices wisely and manage your risks!
Steem for 100% trade.Hello Friends
We had the sell call on Steem, a few days back. You have saved money on it almost 50-60%. Here is the link
Now, we are revisiting the STEEM, May be we are trying to catch the bottom :)
My conditions are
1) Price is on the support
2) Forming a flag pattern
3) RSI in oversold
4) Price above MA 5
6) MACD crossover
7) Lows are getting closer
The above reasons convince me to take a risk, So I would Buy. My Buy zone is
0.00024500 - 0.00027500
Target : 0.00055000 (100-110%)
Sl : 0.00023000 (5%)
Note:
1) BTC fall can impact the market sentiment and can impact alt price. So keep a watch of the prices and exit on sl hit.
2) No need to wait for the exact Target. You can exit if you feel the market is not in favor. Price below 5 MA is the first sign of negative.
Good luck friends.
Check my Signature for the Telegram information.