MFI
ADA MFI oversold levels, fib levels and fractalToday MFI daily has reached the same oversold level as the bottom of July-September capitulation period.
Fractal of July-September fall looks interestingly similar to the fall of September.
Both drops reached the golden pocket fib levels of around 0.6 which is not surprising.
Will ADA repeat the same story?
Are there enough fundamental news coming up in the near future to compensate for the bearish price action of today after e-toro delisting it?
I'm personally bullish on Cardano at these prices, but is not clear how long we will remain bearish in the short term.
Are you accumulating or dropping the bag now?
Market due for a correction soon| Keep a track on the money flowIf you find the analysis useful, please like and share our ideas with the community. Any feedback and suggestions would help in further improving the analysis!
Quick glance: BTC is moving in a range-bound territory over the past few days. BTC dominance is just above the 42% mark. Although the overall momentum in the crypto market is bullish currently, BTC could likely have a correction soon.
Market in the last 24hrs
It was a fairly muted past 24 hours for the crypto market. The traded volumes were low and there were not many aggressive market moving orders.
Today’s Trend analysis
On a daily time frame, we can see that the traded volumes are continuously declining for BTC. Since traded volumes are low, a few large orders can significantly impact the price movement. BTC was in a similar territory during the first week of October, where traded volumes were low and the money flow kept going up aggressively. It made the market move linearly higher.
However, it could be a different situation currently. The overall market has moved significantly higher. If the money starts flowing out even at a low pace, the lack of volumes could significantly drag BTC lower.
It’s best to avoid leverage under such market conditions and always use a stop-loss. Traders who enter into trades considering a good risk : reward setup, end up being profitable in the long run.
Price volatility remained significantly low at approximately 1.69%, with the day's range between $65,281.36 — $66,387.40.
Price at the time of publishing: $65,903.80
BTC's market cap: $1.24 trillion
Out of 11 Oscillator indicators, 9 are neutral, 1 is bearish and 1 is bullish.
Out of 15 Moving average indicators, 1 is 'NEUTRAL', 14 are bullish and none is bearish.
Indicator summary is giving a ‘ BUY ’ signal on BTCUSD .
Volumes have remained low in the past 24 hours.
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The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 24-hour candles.
Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume .
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$ATER ATERIAN INC is going to shoot back up to the $10 levelStock is set to shoot up again, just look at the APX on the charts DI DX levels are raising which means this is set to short squeeze again.
MFI/WETH good place to buy and hold for possible 10xI've been dca'ing into MFI/WETH since 2m mrkt cap and I think this one does at least a 10x from here, maybe more once eth and avax runs up and profit taking trickles down into these low cap gems. Against usd, ATH was $3.93 back in April, down 81%. Easy 10x IMO/E. 100x isn't out of the question either.
MFI allows staking with very high APR (25% so far) on Marginswap, and the platform itself has a pretty good functioning protocol that I have used with no issues. Bond lending, staking and borrowing and trading on margin. I've played with both erc20 and avax on here.
marginswap.finance 0xaa4e3edb11afa93c41db59842b29de64b72e355b
Two Scenarios for BitcoinAfter the previous local correction we are now well on the way to our next targets and slowly shifting bias from short-term bullish to cautiously bearish.
With volume steadily decreasing, giving us divergence on the 4h MFI and the daily MFI entering the critical zone (70-80), we are currently approaching a few key price targets at 50.345$ (already reached) and the resistance zone of 51.500$-51.800$.
These could lead to some interesting short-opportunities, before #BTC heading back up in a more long-term perspective.
BNB: Buying ZoneBNB seems to be going sideway/ slightly uptrend between 405-440. It failed to break above EMA100 so that is still our resistance for now (but once broken the uptrend will be strong). Most recent prices are above EMA30 which is a confirmation of the uptrend, in addition to higher highs/ lows.
I would wait for MFI to be below 25 and place my long entry as long as price are still in the “blue zone”. My tp would be 440 and sl at 404.
((Not a financial advice, use at your own risk))
BNB Watch out for breakout and Support level retest422-425 looks like a strong area of resistance for now plus MFI is over 75.
We may see a breakout below 403, confirming the double (tripple?) top pattern and a retest of the 382-383 level.
MFI From Scratch
Hello, traders!
As you know, the knowledge of a coin be overbought or oversold can be very profitable for any trader. That's why it's very important to identify these states. Moreover, the indicator that help us has already been invented. Well, today we'll speak aboout Money Flow Index.
The Money Flow Index (MFI) is a technical oscillator that uses price and volume data for identifying overbought or oversold signals in an asset. It can also be used to spot divergences which warn of a trend change in price. The oscillator moves between 0 and 100.
Unlike conventional oscillators such as the Relative Strength Index (RSI), the Money Flow Index incorporates both price and volume data, as opposed to just price. For this reason, some analysts call MFI the volume-weighted RSI.
There are two possible ways of using this oscillator - diverhence and detecting overbought and oversold regions.
It's rather easy to detect divergence of price with MFI. If you don't know whhat divergence is, read our cheat sheet to be aware of such powerful tool.
The overbought and oversold levels are also used to signal possible trading opportunities. Moves below 10 and above 90 are rare. Traders watch for the MFI to move back above 10 to signal a long trade, and to drop below 90 to signal a short trade.
I hope, you'll find the information useful. I try to make the articles that are interesting for me. However, I want to know your oppionoin. Write down to comments what is intersting for you.
NVDA Crash Coming? Big Sell Opportunity? 600 incoming??Ive been looking into two stocks recently, NVDA and SPY, and they both look extremely overbought. I mention SPY only because NVDA is apart of the S & P 500, Ill upload my SPY short analysis soon.
However if you look into the weekly chart on the left it has broken out of an of what appears to be an already overbought channel. This channel dates back to 2018, where the MFI indicated overbought before a major dip under the 200 MA. Looking at where its at now, its above the channel where it was deemed to be oversold in 2018.
Looking at the daily chart on the right NVDA has been riding up the Bollinger Bands for the past month at an almost unsustainable rate causing the bands to have a range from $610 to $770. This is dangerous for the stock so all traders should trade with caution.
the MFI has just flipped downward which shows the money flow is starting to decrease, as well as the stoch RSI. The stock is also getting far from its 50 MA which is at $635 at the time of writing. Lastly looking at the fib retracement have broken past the 1.618 level. From 540 in May it has went straight up breaking threw 7 levels only retesting the .786 level at $625. Not to mention its up over 100% over the past year and even more since the corona crash.
I predict the 1.618 level wont hold for long and we should see a $650 NVDA in the near future, that is where we topped on April 15th, the 1 level on the fib retreacement, and around where the 50 MA should be soon. If it doesnt hold strong on that level we should be retesting the .786 level where it showed strong support flipped resistance before breaking through. If it doesnt hold around the 625 area then it appears the strongest level of support is the .5 level around 593. This could take a few weeks to develop. Trade with caution!
ALGO's ascending triangle is ready for a breakout!Algorand (ALGO) has formed an ascending triangle pattern on the 4-hour chart. ALGO has been following a higher rising trendline but found repeated resistance around the $0.924 level. We’re currently at a point where the price can soon break on either side as the price congestion is becoming tighter and tighter.
Ascending Triangle Price Target
In technical analysis, the ascending triangle is a bullish chart pattern, but since the long term trend is bearish, we can’t rule out the possibility of a downside breakout either. Generally, the profit target for the ascending triangle is the measured triangle depth which is added to the flat resistance line projected to the upside.
In our case, the price target is the $1.180 level. But first, we need the breakout to the upside to hold above the resistance level of $0.924.
Money Flow Index
The Money Flow Index (MFI) signals a positive buying pressure as the MFI readings have been constantly above the mid-level 50 while we were developing this ascending triangle. The MFI can also be used to gauge any downside breakout. If we break below the upward sloping trendline, but the MFI remains above the 50 level, it might be a false breakout signal. In this case, we would need to readjust the trendline to fit in the new price developments.
Looking Ahead: The next big hurdle that the bulls need to overcome besides the triangle flat resistance level is the vital psychological number $1.0.
MFI in descending trend, BTC consolidating until end 2021Reviewing the 2017/2018 cycle, BTC price consolidated in a descending triangle for several months after reaching the ATH. During this period, the MFI was in a descending trend.
The MFI declined until +/- 2.6 before higher lows.
A similar patter can be for the 2019 cycle but not highlighted in the chart to avoid confusion.
Looking at the current developments, the MFI is again forming a descending triangle.
Based on the review of the historical trend, I expect to see BTC to remain in consolidation until Q4 2021 with a target buy area around $17k-$18k.
Creating the first higher low for MFI can be considered the best moment to enter a long trade until new ATH.
Like if you appreciate the analysis and let me know your thoughts in the comments.
$SPY Short below 414 Targeting 390 Broken RSI MFI - Above 420 will cancel bearishness - Otherwise minimum target is 390 around 162% fib or 383 at 200% - from others side indicators are sold and going to low levels which will make it good opportunity in case drop hard to go long or quick bounce from the new bottom but as of short time looks more bearish then possible long entry for the rest of the year targeting 432-444. Bearish signals were clear month ago (Yellow boxes) but market bounced - lets see this time its looks difference! thanks for reading please like and share if you like it . regards
📉 Bitcoin Analyze Timeframe 1h ⏰(short term) 📉Hi, I hope that u have a great day.
Bitcoin Analyze ( BTCUSDT Perp ) Timeframe 1h ( Short term ).📉
If you remember Symmetrical Triangle ( Post Topic: 🔥 Bitcoin is on Contracting Triangle 🔥 (Road map)🧐 ), the price was able to break it (down), and now BTC is running at Regression Channel until complete Pullback to lower line of our triangle . In this area, we have a Resistance Zone + TRZ (Time Reversal Zone).
Resistance Zone includes Pitchfork's Lines + Yearly Resistance 1 (37678$) + Cluster of Fibs + Lower line of Symmetrical Triangle .
Also, I found Rising Wedge Pattern at RSI (The wedge broke down) + Hidden Divergence ( HD- ) between MACD and Price , Until NOW + Ascending Channel on MFI (Money Flow Index/This channel was broken downwards ).
My Suggestion : We can find the best triggers on TRZ for opening Short Positions OR we can wait for breaking our Regression Channel (to down).
Take profits for Short Positions :
Take Profit 1 : 33480$ ( Weekly Support 1 )
Take Profit 2 : 32500 $ - 32380 $ ( Support Zone )
Do not forget to put Stop loss for your positions (For every position you want to open)
Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the 'like' button 🙏😊 & Share it with your friends, Thanks, and Trade safe.
Good luck
BTC MFI TechnicalsHere we have a 4h chart of BTC over the last week or so. What I'm looking at is the MFI divergence. MFI is a good indicator to confirm failed signals or reversals. We see bearish divergence here, which is a good indicator that we will see a downward breakout of the current consolidation period we have seen in BTC.
I hope this helps you decide for yourself what direction we will go.
Weekly Bearish Pinbar followed by a Shooting Star Retest2 Weeks ago DPZ tried to conquer the level of 432 and failed then tried again this week and confirmed it's failure. We now have Hidden Bearish Divergence on the MFI and we have Weekly Momentum Pointing downwards on the Momentum Indicator. I will be looking for around an 80 percent pullback towards the $330 area from here.
Money Flow Index: MFI analyses tutorial with 4H candlesticksMFI or Money Flow Index as a strategy is quite similar to RSI or Relative Strength Index. The key differentiator for MFI is the consideration of volume.
Money Flow Index oscillator:
MFI uses both price and volume to measure buying and selling pressure.
MFI oscillates between 0 to 100.
Intuitively, the volume-weighted feature makes MFI a comparatively better 'Lead' indicator than the RSI.
Most reversals can be identified and acted upon best through the Money Flow Index oscillator.
MFI above 80 indicates Overbought territory. It suggests that the underlying asset is driven by a buying pressure.
MFI below 20 indicates Oversold territory. It indicates a selling pressure.
MFI crossing over 20 gives a BUY signal.
MFI crossing down the 80 mark gives a SELL signal.
Stop loss should be used as a precautionary measure.
Trailing stop loss can be used to let the profits ride, while ensuring safety in case of trend reversals.
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Comments and feedback would push me to come out with better analyses. Thank you!
4HR Bullish Divergence at the PCZ of a Bullish Shark MACD Bullish Divergence, Oversold Stochastic, Oversold RSI, and the MFI is rebounding from Oversold territory after hitting a 1.13 PCZ of a 4HR Bullish Shark I will be longing and targeting the 50 percent retrace from high to low and expect to see the AUD potentially continue it's downtrend after hitting the 50% retrace to confirm a potential Bearish 5-0.
Signs of Buyer Exhaustion At Resistance ZoneMACD Divergence, MFI Overbought, and Momentum tilting downward. We may see a Pullback from these extended levels down to 1.072.
Stoploss at 1.09
Daily Indicators are likely ready to push down from the 786 areaTargeting slightly below the 21SMA for this one.
IT'S MADNESS - A million indicators.... The SULTANS of SWING!Although you don't see a million on my charts, it is important to use a million indicators (or five or six). I like to think about it like lovers, the more you have... the more they will all agree with one another.
When I'm making larger plays, I make sure that NOT JUST ONE , but multiple indicators agree with my predictions. Here are some of my favorite indicators.
AROON (helps me to visualize trends. As with any indicator, the two lines crossing often represents a change in trend)
www.investopedia.com
Parabolic SAR (when a large trend begins it usually creates the beginning of a parabolic curve in this indicator, the same is true in the inverse)
www.investopedia.com
Chris Moody's MACD (An incredibly useful trend indicator. I've stripped it down (located in the top pane) so that it only shows me the essential trend changes. This one indicator could make you money all by itself. You are a genius, Chris.)
Stochastic RSI (again, looking for a cross of the two lines, to indicate a change of trend)
www.investopedia.com
MFI (also very useful in crypto, called the Money Flow Index).
www.investopedia.com
THE FOURTH PANE HAS A STACKING INDICATOR I FOUND THAT PUTS MANY TOGETHER (Thanks Sigma Draconis)
RSI / Stoch / SRSI / MFI / Aroon Overlay
