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CVS Descending Channel on Weekly Chart The "Decending Channel" pattern was identified on the weekly chart. A "Double Bottom" pattern was identified on the daily timeframe, however, price failed to go higher. A closer look at recent price action and we have confirmation of resistance becoming support (see level 93.62). Though this is true, it is best to wait for a break of structure before placing a trade to the upside. On a final note, the 21 MA crossed up the 9MA on Friday, July 8, 2022. Also, the RSI and volume indicator made higher lows and higher highs on the same timeframe. Personally, I will enter a swing position lightly at the break of the trendline. I will also consider a secondary play action to include a break above 95 or 96. Thanks for reading, MrALtrades00
NYSE:CVSLong
by MrALtrades00
BTC rising with timidityBTc at the moment is gaining momentum especially with the Binance incentive for whales with zero fee trading. trend on ascending channel above the lower channel support line. Elliot wave 3 in bulish setup is forming and now is lower than previous peak MACD losing momentum on buy trend , let's see how that plays out above 200 1D MA which is encouraging RSI has room for growth, we need USa volumes to kick in the engine I'd say open up and set stop loss below the channel line. Situation can get red below that
Long
by Let-s_see
SPY: Short & Long Trading OpportunitiesSPY Daily providing brief directional opportunities for acute trades to the upside. Higher levels of conviction support the control held by sellers in the market auction; With a volume shelf last revisited and sustained notable in March 2021. After holding fair price of 377.03, the next critical level on watch for acceptance or rejection of fair value is 381.58, then KL of 385.42 (20SMA). Trend has been shown to be weaker when reaching resistance levels originating from March 2022. Levels >389.78 sees a revisit of next favorable area of structure via a gap to late 390's. Directional performance is contingent on using combined volume and value area placements during current market conditions// IV: 24.79%, IV Percentile: 79% , ATR: 8.79, Beta: 1.00
AMEX:SPY
by GroundNinja
Biil Williams Aligator Indicator Explanation on BTC MarketCapHello Friends. Today we will explain Aligator indicator on BTC Marketcap Chart. this post has 2 purpose: 1)BTC marketcap analyze 2)Learn how Bill Williams Aligator indicator works First lets see how this indicator works: The Alligator indicator is composed of three smoothed moving averages. It is named ‘alligator’ because it mimics the feeding habit of the animal and can help traders pick out the best times to ‘feed’ on the pips available in a trending market. Here are the lines that constitute the Alligator indicator: Alligator’s Jaw This is a 13-period smoothed moving average.This line is typically visualised in blue. Alligator’s Jaw = SMMA (median price, 13, 8) Alligator’s Teeth This is an 8-period smoothed moving average. This line is typically visualised in red. Alligator’s Teeth = SMMA (median price, 8, 5) Alligator’s Lips This is a 5-period smoothed moving average. This line is typically visualised in green. Alligator’s Lips = SMMA (median price, 5, 3) Trading Rules: When the lines are intertwined or converging, it implies that the market is ranging (the ‘alligator’ is sleeping). The longer the alligator sleeps, the hungrier it will wake up; prolonged consolidation will imply a massive breakout. The alligator’s lip will be the first to move (crossing above or below the jaw) when it is waking up, which denotes the Begining of a new trend. An upward movement implies an uptrend might be forming, whereas a downward movement implies that a potential downtrend is starting. A trend will be confirmed when the alligator’s teeth cut through the lips. This will be the signal to buy in a confirmed uptrend or to sell in a confirmed downtrend. The signal to take profits will come when the lines start to converge again, which will mean that the alligator is now about to repeat the sleep cycle. Now lets see what happened in BTC marketcap According to this Strategy: We can see awakening of aligator from 9 march 2020 untill 12 april 2021. it shows a strong uptrend and aligator lines divergence. I show it with a Green Ellipse in chart. after that aligator go to sleep for a while from 12 april 2021 to 18 jan 2022. so we can see a Range in price and aligator lines converging. I show that with a Yellow Ellipse in chart. after that we see aligator lips and teeth breaks jaw and aligator awake in a downward trend so we approch a bearish market and i show that with a Red Ellipse. no one know how much this cycle last. after this section i think aligator go to sleep again and after that awake upward. please protect your capital and know about market cycles. we could see new bottoms so we must manage our risk. after that when diffrent conditions confirm uptrend we can buy again. Remember: Buy expensive but confident !!!NOTE!!! MY POSTS ARE NOT TRADING AND INVESTING ADVISE. SO DO ON YOUR OWN OPINION AND CONSIDER MARKET RISKS. Thank you all for reading this article hope that be useful for you. share me your opinion in comment please.
CRYPTOCAP:BTCEducation
by TraderAmin-KZ
Bitcoin Stands Above Sirat BridgeAs you can see, we are in the falling channel form in the weekly timeframe and we have reached the support point of this current channel. We also polled wma200, which has served as a trend changer for the bear market for years, although we are currently below this moving average, I hope to close the week above it. On a weekly basis, our Relative Strength Index value appears to be at historical lows. If we break this channel and even if there is a candle closing in the weekly timeframe under wma200; I do not think that the figures such as $13,500, which is currently spoken in the society, will hold the price, and I predict that we will go to the minimum $6,500-$9,000 range. In a possible reaction rally, I think the price target we can reach is the wolfie resistance area of ​​the current channel. We can see serious candlesticks under wma200, this is normal, but we should never, ever close weekly candles below this moving average.
Long
by the6ylal
New Rising Channel for BitcoinCurrently, we seem to have received rejection from ma200 in the h4 time interval. Although we seem to be holding on to the ma50 on a support basis in the same timeframe, I don't think it will make the channel valid and I think we will throw a pin below the weekly ma200 and close it on this lively average. Although the sloping channels formed in all kinds of logarithmic scales and weekly timeframes show that we are at the bottom, there is clearly a need for a sharp decrease so that we can see a sharp reaction rise. We still have not reached the goal of the bear flag formation in the big picture, and moreover, there is another bear flag that we can see in the small picture, confirming the goal of the other one.
B
by the6ylal
Moving Average | Two Profitable Ways to Use 📊 Hey traders, In this post, we will discuss two efficient ways to apply the moving average(s) indicator in your trading. Please, note that the settings for a moving average depend on many factors and can not be universal. Time frame, your style of trading and many other factors should be taken into consideration when you define the settings. 1️⃣The first very efficient way to apply moving average is to consider that to be a strong support/resistance. Such a method is appropriate for trend-following traders. A very important condition to note applying MA as the structure is that the market should be trending: it should trade in a bullish or bearish trend, not in sideways. 📍In a bullish trend, a moving average will provide you a relatively safe point for buying the market after a pullback. Quite often after a test of MA, the price tends to bounce all the way up to a current high and even go higher to the next highs. 📍In a bearish trend, a moving average will serve as a strong resistance and quite often will indicate a completion point of a retracement leg after a strong bearish impulse. 2️⃣The second way to apply moving average is to apply a combination of 2 MAs with different settings (one with a bigger and one with a smaller length). Such a method is usually applied by counter-trend traders. And again, a very important condition to note, is that if you want to apply this method efficiently, remember that the market must be trending, it should be bullish or bearish. Your task will be to track an intersection of two MAs. 📍In a bullish trend, a crossing of two moving averages with a high probability will indicate a trend violation and initiation of a new bearish trend. Such a signal usually serves as a trigger to open a short position. 📍In a bearish trend, a crossing of two moving averages will signify a violation of a bearish trend and the start of a new bullish trend. The intersection by itself will be a signal to open a long position. Your task as a trader is to find the most accurate inputs for MAs. With backtesting and experience, you will find the settings applicable to your trading style. What indicator do you want to learn in the next post? ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Editors' picks
OANDA:XAUUSDEducation
by VasilyTrader
97
BTC Weekly WMA 100 BrokenOne of the most underrated moving averages in crypto is the 100 WMA, which is like a secret weapon when it comes to finding trends, support and resistance, and entry and exit points. Test it out for yourself on any timeframe, and you'll see that Bitcoin and the rest of the cryptocurrency market tends to follow the trends that the WMA plots out. This being said, when the WMA is broken, it usually indicates a sell signal, or incoming price declines/volatility. The weekly chart is a macro view of Bitcoins trajectory, and we broke the 100 WMA about a week ago, and as the chart shows, this usually spells trouble when it happens (see orange circles) I would be very cautious moving forward, as in the short to mid-term I am bearish. If we can regain the 100 WMA that would be a pretty strong indicator that things are looking up. For now, remain cautious, watch the signals, and stick to your system. We got this. Cheers
INDEX:BTCUSDShort
by jonnyquest
3
Possible Misleading Price ActionThis futures market you see was fake out 2 times before and received a reaction, now there is a possibility of a fake out again. Either this graphic will work or bad slaughter will come... When we look at the monthly chart, we are momentarily below ma20/M. If we see that we are closing below $40.154 at the end of the month, even 22K would be optimistic. Strong support and ma100 crossing $10,794. In principle, when one moving average is broken, the price moves to the other moving average; The closest moving average, ma50/M, is crossing 20,637. So my fuck scenario was that our monthly ma20 was broken and we walked to ma50. But not now, please not now....
Long
by the6ylal
Price Prediction with Possible Support and Resistance for BTCIt seems we are in a megaphone and according to the fibonacci replacement we should not break our support area. For the bullish expectation, we definitely need to go above ma50 as soon as we take the 4-hour timeframe as a basis. It is inevitable that the Megafon lower band of $38,500 will come in a possible support area breakout. In the positive scenario, if we can rely on the instantaneous appearance of the stochastic relative strength index, our journey to the $43,000 resistance will continue with the support we will receive from the fibonacci golden pocket level.
by the6ylal
What will happen?NASDAQ:AAPL Please correct me if I made a mistake, I am just a beginner. I am only here to learn. How I interpret this chart is: - It looks like we are trading in a range, between the 50 Day SMMA and a volume shelf. - looking at the SPY in the pane below, it looked like the SPY found support. - in my opinion AAPL and the SPY move pretty synchronized, and I see that when we would rally from this support, we would complete an inverse Head and Shoulders pattern. - with the right shoulder higher than the left shoulder, thats a good sign, right? - what I think is positive, is that once breaking trough the volume shelf, it is only ≈5,66% till the ATH of $182,72. Unfortunately I think AAPL and the overall market will need a lot of power to pull this off. - the last 6 days AAPL found support on the 50 Day SMMA, that level is also protected by the ‘mid line’ of the Fibonacci Levels. I am very curious to see which way the market will choose to go…. Thank you for reading my interpretation of Apple, please leave a comment, I am very curious about your interpretation. This is no financial advice.
NASDAQ:AAPL
by StijndeVries