Market Update 9/22/22Intro 0:00
BTC 0:30
APPL 2:18
VIX 11:51
HSI: 14:45
XRP/BTC and BTC Analysis 16:10
I refer between VIX, APPL and BTC in-between 11:51 and 14:45
I go over where I expect things could start for movements tomorrow and then I go in to what happened today and why I think we can end up at certain places and what targets bulls and bears may be fighting for to get what they want. Non-Short-Term Bears don't always want to sell nor do similar bulls always want to buy. Consolidation can be key.
Moving Averages
Market Update 9/21/22Time Stamps:
0:00 APPL
4:00 VIX
6:28 APPL
9:12 BTC
18:02 ETH/BTC
19:06 GOLD
19:24 OIL
Lets see what happens.
I go over what I want to see then a recap of the last couple days and today and then I go over BTC towards the end and the big trend we have been in for months.
Long story short, I hope we get bought up a small amount tomorrow so that we can have a clean break further down and it wont seem like we are getting oversold. Though, I can't be annoyed by anyone selling because they want to be in in cash. It just makes sense as a defensive option. So to that, we may just fall off a cliff. I really don't mind being oversold though, as I prefer being bullish on/after big drops.
To me, the indexes have no real support underneath where they currently are and if APPL drops, It will drag things down pretty far. I expect Appl to head towards 122 in the near future, but well have to see what happens. Appl around 22 would coincide with the indexes possibly hitting around 20-38% down, which isn't bad considering there could be a nice amount of overselling and an easy ride back up like we had in 2020.
How to trade using the CSC-HARSI "The Real Way"Welcome to The coffee shop. this is your host and Barista Eric. This podcast is designed to teach you the technical analysis that you should know so you can stay out of false trades in your Crypto endeavors. It's a platform where I get to release my edits of popular indicators. I'll show you how to use them, and of course from time to time I will call out really bad strategies because I don't want you guys to have bad information. Feel free to share this content where you choose and of course do Not fall for scams. I will not approach you online asking you for crypto assets Lending or any type of financial support. But bear in mind that doesn't mean I don't like talking with you guys because from time to time you will find a message from me saying hey how you do when they want to get close to you.
So it's been a while since the CSC-HARSI has been released and I think it's time I do a quick video on an entry and exit for a buy and sell on this indicator.
It has been requested by dozens of you weekly and I have seen all of the videos online on the improper way to use the old version of this indicator. Since the new one is out and it works basically on beast mode I want you guys to be using this to its fullest potential.
today's video is based on using the VWAP as the moving average against the RSI.
So let's just jump right in and get started.
go ahead and open your chart and tradingview
Search fo rCSC-HARSI, or "Coffeeshopcrypto"
Add the indicator to your chart and keep the default settings
open the settings wheel and go to the inputs tab
scroll down to RSI moving average settings and change the ma type to vwap.
Okay that's it you're ready to go and now let's talk about the rules for a long and short trade.
As you do with any chart and any day that you're going to start your trading the first thing you do is you set up your support and resistance level. Personally I do this on a 4-Hour chart. I recommend setting your support and resistance levels initially when you open your chart on a time frame 1 to 2 * above the one you're using.
for example I do my trading on a 1 hour chart so my support and resistance levels are usually set on a 4-Hour chart
Lucky for you the indicator tells you where those things are however you may want to set up your extreme levels as well. You can do that by looking at extreme points of swinging price on your chart and just put a level they're at the top and another at the bottom.
STOCHASTIC IMPORTANCE:
Before we get started let me discuss something very briefly with you about the level of the Stochastic in the indicator. The scale on the right side of the indicator is mainly designed for the stochastic to tell you how hard things are pressing on the gas. In other words if the stochastic is anywhere from zero to 50 There is almost no movement on price. However, once the stochastic is doing anything above the 50 all the way to the 100, the closer it is to 100 the more Force there is in the market. you have to remember that the Stochastic RSI was designed to be a faster RSI.
So if the stochastic is green "Bullish" and moving upwards over 70 there is A LOT of force to the upside..
If it is RED "Bearish" and it's under 50 there is a lot of force to the downside. The closer it is to ZERO the more force there is.
The strategy that I used to enter and exit using this indicator falls under these particular rules:
SHORTS:
1. The stochastic must be in a downtrend.
2. the RSI must be below its moving average.
3. The RSI must be below 50
4. Heikin Ashi candles must be red.
5. The Heikin Ashi candle must open above the moving average and close below the moving average.
6. The most optimal move is when the candle opens above the 60 and closes below the 60 while crossing the moving average.
An alternative to rule six is; If your candle opens above the 50 and above the moving average but close is below both of them at the same time this is also an entry.
Now obviously the rules for getting into long positions are exactly the opposite.
First things first, always take a look at your support and resistance levels that you set up ahead of time.
The second thing is to check your moving averages.
I commonly use a 50 and a 100. Exponential moving average.
If you are using scalping time frames which are anything from the 30 minute and Below then I would suggest using a 20 period Moving average and a 50 period Moving average.
LONG POSITIONS RULES:
1. The stochastic must be in an uptrend.
2. the RSI must be above its moving average.
3. The RSI must be above 50
4. Heikin Ashi candles must be green.
5. The Heikin Ashi candle must open below the moving average and close above the moving average.
6. The most optimal move is when the candle opens below the 40 and closes above the 40 while crossing the moving average.
7. Alternate to rule six is; If your candle opens below the 50 and above the moving average but close is above both of them at the same time this is also an entry.
Market Update/Outlook 9/20/22I am pre-positioned in a small size of OTM puts incase the vix looks bad, affects the premarket tomorrow and I cannot position properly. The places I would get out or where I would add on at, are mentioned in the video.
Its too much work to find them all and type them all, so just watch the video.
Cya all tomorrow at 9:15 EST for the full market day.
Market Update 9/13/2022: What You Need to KnowJust watch the video. That's Why I make them: To not type. I'm not time stamping this one because is meant to be watched in order. If you want to know what to look for, you only need to spend at most 4-6 minutes watching.
Take care and good luck on your trades.
I stream every week day from 9:15 to market close.
Luna/USDT What to watch for: H4 CloseThis video is pretty much:
Going over how I do not like that BTC did not come back to support on Saturday.
Luna is near its strongest (relative to location) timeframe average. Which is the 4HR. Currently this is it 5.6088.
Long story short: We do not want to end, not just under the 4HR 200 smma, but also close to it while being under. If we end too far, the price could easily come back to test that rejection and could easily pass back through. An end closer to the line would be stronger from the perspective of having a good spot for people to enter shorts with minimal losses. Pretty straight forward. I go into more specifics in the video.
Anyway, its an 18 minute video and may be worth the watch. The first 5 minutes are worth it anyway.
Crypto Weekend Update Part 2This is part 2 of the Crypto Weekend Update. Check the related Ideas below to find part 1 as well as Thursdays and Fridays update. It gives good insight to the market movement.
I go over these alts in this order:
ADA, LTC, LINK, MATIC, MANA, XRP
If you want me to check any alts, leave a comment or join the stream every week day at 09:15 EST.
0:00 ADA
5:58 LTC
8:20 LINK
13:21 MATIC
15:20 MANA
16:50 MATIC
17:53 XRP
Market Update for Weekend and MondayWhen I look at BTC, the most important question I ask myself is where is the market heading and how close is it to a major inflection point (important support or resistance).
The most interesting aspect of this video is still the VIX and the possible implications of a return to ~17.10. Which is not only an INCREDIBLY strong bounce spot (trend line) from 2017-2019, but also a 25% drop from the current price. It is very possible that the horrible price action on the VIX has been leading to the odd pushing up of the market with only a few clear signals in-between the noise.
I will upload a 20 minute Crypto Alt video idea after this and link that to this idea.
See you on Sunday at 19:20 EST for the end-of-the-Week candle stream.
Market Update: Major Indicies,Appl&BtcSkip to 1:00 to get into the action.
As usual, I don't want to type a lot. Its hard to type what I say in 20 minutes, especially when I talk fast in that time.
Pretty much looking for where Apple starts along with there the SPY starts. Before watching the video, as a new viewer, it is important to know that I heavily weigh Apple as the main indicator of market direction in my analysis. If you stick around or join the streams, you will see why.
For the indices (assuming we start bullish), the NDQ still seems to have the most possible promise tomorrow followed by the S&P and then DJI. I explain this in the video.
Another big indicator for possible movement will be the VIX. Long story short (explained in video) we are at an strong area that I think will most likely start under and send the market up. But there's no reason to really worry about it, because the position is supposed to taken/considered depending on where it starts and obviously it hasn't started yet. (Starts at 3:10AM EST)
Per usual, I have the Last Idea linked below as well as both of my BTC Pitchforks from January. Check them out if you like, it makes it 10x easier to figure out the macro situation on BTC and where the ranges are.
Take care, have a good night/morning. I will see you all tomorrow at 09:15 AM EST.
Midweek Review: New Pairs, New TradesHey everyone Dean here from WealthTIP, were our tip for wealth is to trade, invest, and prosper. So today we looking at a few pairs that could be offering some interesting opportunities before the week ends. To see what we looking at simply watch right through and let me know what you think.
Market Recap and Current MovementsI stream every market day at 9:15 EST. 15 minutes before the us stock market opens. Come join us. I usually stream for 4-7 hours every day and will answer any market related questions that I can.
This is a 20 minute video, but I talk fast. There is a lot to cover, but it is worth listening to.
This goes over more than just Nasdaq, but Nasdaq is the core of the movement having a potential gain of 6.5% from its current location before facing great resistance. If you watch the video you will understand why I do not only look at nasdaq to look for movement on the nasdaq or for the overall market direction.
I go over USD/JPY, NDQ, APPL, SPY, and VIX mainly.
I mention oil at the end, but to save you the trouble, there seems to be a possibly huge move incoming at ~$80
You can check the linked ideas below to get a more in depth view of how we got to here, but I think the video wraps it up well.
Top pick for Forex is still UDSJPY, though there may be a pull back based on current bullishness in the stock markets affecting the DXY.
USD/JPY Possible 30-50% Move Incoming.I explain it in the video. Pretty much looking for a 4 hour or 12 hour candle start above the current level of the 12HR hulls. This price is at 139.592. There is more nuance I don't feel like explaining, because it would take too long. That's why I make videos.
Gains on USD/JPY looks so much better than USD/EUR or Eur/USD. When/if EUR/USD falls under .90, it will almost certainly be better to rotate that instead of USD/JPY. USD/JPY looks very attractive though if it can find support above the above said area.
DJI, SPY, NDQ, BTC, NVDA, SPXS, VIX17 minute video. A lot of information packed in here.
I don't like typing things out when I have 20 things to say, so I'm not really going to do that.
TLDW; Things look bad.
If this video was useful to you, boost the idea so that more people find these the ideas and join the the streams everyday at 9:15 EST: 15 minutes before the market opens.
CSC-HARSI with Buy SEll alerts and (Name the next one)Welcome, welcome.
In today's video I have some way for you all to get involved in a little bit of the development of this indicator. As you read below you'll be able to do me a favor and leave your comments the topic at the bottom where you can name the next indicator tied to the CSC-HARSI 2022.
So what would you call it?
Read on......
Once again we've returned to the coffee shop and I have a bit of an i-told-you-so video. Sorry this video goes on a lot longer than I thought it would but I had to bring up a few points and I got a little excited telling you guys about some of the new indications and alerts on the CSC-HARSI 2022.
The next update will include indications and alerts that tell you when you have entered into a range when you have broken up out of a range when you have a range break down it will also include buy and sell indications as well as when you should exit your long trade or exit your short trade.
All that being said you shouldn't use this tool as the be-all end-all for your entries and exits because you will still need to understand a little bit something about price action. While the indicator itself will work very well at telling you when to get in and out of Trades whether you're long or short the combined indicator of the mass effect moving average will help you understand when the trade you're about to enter into before a long for example is a price manipulation and at which point you don't want to get into that trade so I'm doing my best to get you that information and give you that indicator as well but it's going to be a little time before that Mass Effect moving average is complete.
However on today's idea about the CSC-HARSI 2022, I wanted to drop a quick video and tell you about some of the upcoming changes so that you guys can come back and give you some ideas and comments below about anything that you're looking for or if you have any guidance on when and how things should be clearly defined in the layout.
The reason I bring up these particular points is because after this particular update I will not be updating it unless I need to keep it current to Pine script coding. I simply don't want to over code this indicator was too many alerts and indications and plots and images and stuff like that this should work on this next release well enough on its own while though I do have another idea for another script which you can use along with the CSE hard see if you want and end up having both of them in the bottom of your panel if you like but that 12 is going to take at least a few weeks ago.
Since it will be working as a brother to the CSC-HARSI 2022, I'd like to hear back from you guys on what I should name it.
BTCUSDT - 200d Moving Average DoubleTopHi Traders, Investors and Speculators 📉📈
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
For a while, I've been talking about how BTCUSDT is overdue for a bounce as it was trading underneath the moving averages for an extended period of time. We have since come back up to the 200 day MA, but we see a clear double top and rejection at this point. There is obviously still a large supply zone here, and the price will be forced lower to find more buying pressure.
Please see the two posts at related ideas on two proposed bottoms.
Have you heard of the Dunning-Kruger Effect? Check out this idea 👀
I hope you enjoyed this post today! Please give us a thumbs up 👌
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ETHUSDT - Learn to Trade a W-Bottom 📉Hi Traders, Investors and Speculators📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
A quick candlestick analysis on Ethereum and the W Bottom pattern that formed. We also take a brief look at the moving averages. In this 5min video, we discuss when to take an entry if you spot a W Bottom pattern. This will be relevant across all charts, so make sure you get this one !
Since you're here, check out my idea on Bitcoin :
Also, if you're new in this space and want to learn a bit more about DeFi, this one is for you :
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👀Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 📉
Hit like & Follow 🔔
We thank you for your support !
CryptoCheck