Moving Averages
It's been a while! Setup on USDCAD. Enjoy!DISCLAIMER: Trading Forex/Cryptocurrency involves risk and you may lose more money than you started with! These posts are not to be taken as financial advice and I offer NO guarantee that any of these ideas will result in profit. Also, trade ideas may change, depending on ever-changing market conditions. You are trading at your own risk and past performance is NOT indicative of future results. Please, know how much you are willing to risk on EVERY trade that you take and be SMART!
Simplify your trading. Always measure your risk and be okay with being wrong ; ) Wait patiently and get the price that you want. Use the market. Don't let the market use you!
BTCUSD and 3 year EMAThe history of maximum movements under the EMA. The purpose of the study is to study the maximum values of the decline from the 3-year moving average. As you can see, the asset three times in its history had a deviation from the 3-year EMA of more than 20% and each time made a correction to the 0.618 fibo zone.
BTC, ETH, CEL, DOGE, SOL, ICP I want to see BTC Start the new week candle slightly above or around $22,300.
What I am looking for going into this Sunday's candle for BTC and what I want to see in these other coins for places to enter. I also looked at some other things regarding these coins. Probably not that useful for the things that have already happen for people that do not use my indicators to trade, but as always to those that do it is pretty straight forward and simple.
BTC Comprehensive UpdateYes, this is a 20 minute video. But I speak quickly. This Idea is meant to be watched as a video. If you do not watch the video and only read below, you will not get much from this idea or may get the wrong idea.
Overall I have been short (Not in market) since the reversal in the stock market on April 5th and 6th. I go over all this in the video and I talk fast. So there is a lot of information to see.
I don't want to put investment strategy short, because I don't really want to say that where the price currently is, is a good spot to short. It seems odd to too heavily before any non crypto markets are open, but after they closed for the weekend. Considering the market was pretty obviously bear on Thursday and Friday.
Possible targets if we drop below 28k and have some bad price action are then to around 26.9k and most likely between 22.35k and 23.3k.
For me to feel bullish on BTC I would have to see several things. It is too complicated to explain without showing the chart, but I mention it in the video.
It is worth the watch. I reference the most important things that I look at to determine bitcoin price movement.
Based on the Schiff pitchfork, It looks like the lack of movement in BTC is actually distribution and that we have failed to hold the key channel (Jun 1st). We also had a hard rejection of the top of the current channel on Jun 6th.
If you have any questions feel free to leave them below.
Daily BTC Video Review: stepping to the next level? Or not?Friends,
Welcome to my Daily BTC Review, yesterday, at the start of the week, we observed a strong upside impulse after the US trading session began. Is it a good sign or just deception?
Share your thoughts
Additionally, please check out my related idea with a text version of this analysis below.
How I Use Anchored VWAP's To Trade Nasdaq FuturesRight now the Nasdaq is at a very important area on my charts. We just came off another failed attempt of regaining the 200 Day Moving Average and now we are back to the VWAP from the opening day of the year and the VWAP from the low of the year. Both VWAP's are trading right around 14,550. I think that VWAP's from the open of the year and the low of the year are one of the best tools to test the trend of a market. Since we just failed at the 200 day MA, but we are still a good distance from the lows of the year, these VWAP's are going to be my key pivots for the next move in Nasdaq. I also use my Indicator, Beacon (which is free and open source on TradingView) along with Bollinger Bands to show you in this quick video how I will be trading E-mini Nasdaq & Micro E-mini Nasdaq Futures and Options in the coming days.
Past performance is not indicative of future results. Derivates trading is not suitable for all investors.
SPY gap down intraday analysis and possible scenarios.SPY sellers have been in control since March 29, and today finally hammered the SPY down below a significant support daily chart support level - finding support at the AVWAP drawn off of the March 15th Fed rate hike. I believe the support level that was gapped below today will be tested as resistance in the near future. If it fails off of that support level, I'd expect the SPY to go down and test support at the AVWAP drawn off of the beginning 2021.
TradingView Bug: Parts of indicator disappearingWhen an indicator uses Weekly values, parts fo the graph disappear when zooming into smaller time-frames (in this example: 4h and 1D).
It will display the graph up to the close of the previous week. However, the current Week (since it isn't closed anymore) disappears.
BTC Update For the DayQuick note, I think being on the bottom of the median line of the Schiff pitchfork is one of the worst places to be bullish, unless good support was just found. Also you can check my idea "How I analyze the market in 20 minutes" video if you want a better understanding of how I use APPL to gauge what direction BTC will take and sometimes vice versa.
I'm still bearish until:
1) I see a good open for APPL and the price of APPL is back within the Day Hull averages on Tuesday.
2) BTC can make some moves above 39.5 (Median of the week timeframe).
I was hoping the start of this week/end of last week would have BTC on the topside of 39.5k, not the bottom side.
From a candle movement perspective, I see no real reason to buy BTC past 41.7k-42.7k on this week candle. And even buying it to that spot makes no sense to me unless BTC can push above 39.5 and hold.
On the month timeframe BTC has yet to touch the bottom of the blue channel (.25 retracement), but since the top of the candle base on the last month was reached and rejected, it feels odd to make the argument that it will hold.
I think 30-31k looks like a decent place to try and find support, though if the stock market is bearish when BTC reaches that area or somehow overly bullish on Tuesdays open, I will adjust the target. 30-31k is the .5 extension on the week and month timeframe respectively.
3 Levels, each looks worse as it pushes down (to me anyway)
39.5k Week Median line
38,988 Week 375 hull
38,036 Month Median line
“HOW TO” Video Overview “Jerry J5 Dashboard & Buy Sell Strategy"Hello Investors!!!
This is a detailed video overview of the “Jerry J5 Dashboard & Buy Sell Strategy” release.
I will post the link to the strategy within a few minutes after this video goes live on TradingView in either the Related Ideas, or as a comment below with the link.
This is my first idea post and hopefully I set it up correctly.
Thank you for your support and patience.