EURSEK 2.93 R-MultipleEURSEK Reward:Risk = 2.93R
Stop Loss: 286.6 Pips
Target: 838.5 Pips
Entry at price level: 10.64975
Note: Price Level 10.64975 was retested and EURSEK continued into its intended direction.
Note: Price Level 10.60763 was broken and retested. Entry comes in at the retest of level 10.60763. Target is the next horizontal support resistance level at price 10.56657.
Moving Averages
"bullsih pennant" in re-accumulation (reference)Background on higher time frame was bullish/uptrend.
Characteristics/points of confluence:
established up trending background
50% retracements with high volume price rejection
signs of strength/ buying into the sell pressure on high volume
Break below support (red box in this example)
low volume Test of resistance (in this example previous support and VWAP) returns low sell pressure
No-supply test at VWAP (circled)
Maybe termed a "fall through the ice" in the Wyckoff methodology.
Fairly textbook accumulation schematic with a bullish pennant in the area of the LPS/TSO.
Volume is key.
Training*
“Patience is key to success not speed. Time is a cunning speculators best friend if he uses it right”
Jesse Livermore
Sources of education:
Tom Williams Volume spread analysis VSA/ Master the Markets
Richard Wyckoff
Pete Faders VSA*
Read the ticker dot com
Dee Nixon
BTC trading challenge price action/volume techniques
Good luck
Golden pocket and MACD golden crossover?Hello all, welcome back to the Sunday market update! Beside the sideways moves during the movement of last week, here it comes again the interesting in the crypto market. Patience is the key before you jump in the market for now. Let's do this technical analysis about bitcoin.
Like what I've shared on the previous analysis of the bitcoin, $8500 is moving align with the golden pocket zone and the $8000 is moving align with the .786 fib levels and both levels obviously are a major support that must be respected so far. The $8000 is a huge psychological zone for bitcoin, Huge price action activity has occured in this level which is great!
Knowing that current price is moving just near the golden pocket zone as a great support, we must realize that the moving average line on MACD is having a big probability to do a golden crossover on 4 hours chart. The RSI has shown us a bullish divergence with lower low on price action but higher low on RSI. This is a perfect set up for long opportunity.
I will open a long position if the price claims back the $8700 as the shadow support respected and of course when the golden crossover occur on the MACD dynamic line. Patience is the key, waiting will keep you on the track.
An Exponential Moving Average cross over + CHOP strategyA simple ema cross over strategy (7/25) and choppiness index to buy on the 4hr timeframe.
if ema 7 is above ema25 AND candle before was below AND CHOP < 45 AND volume > 10 units AND candle open > 130 units (units will be in your base pair) then BUY
if ema 7 is below ema25 AND candle before was above OR Profit = 15% OR Profit = -10 then SELL
APEX and RippleHello fellas, Here it is I represent to you my view about Ripple.
Based on the technical analysis, I found an important pattern which forms a descending type of the triangle. But, once again I remind you that even the descending triangle which usually indicate a bearish pressure, it has a potential to make it a failure too. However, I only see that currently the price for ripple has already trended in the APEX of this huge triangle on weekly chart. These are the 2 scenarios :
1. Break out of the resistance trend line : will lead the price to $0.47 or even $0.87 in mid term
2. Break down of the support line : will lead the price to form new low in 2019 around $0.14
Thank you
Manipulation, Death Cross and Xi Jinping's statementHello fellas, welcome back to our Saturday update about bitcoin. Let's get to the point
We have seen a 40% surge on bitcoin in 1 day of trading. However, even in crypto industry, this is still a tremendous moves so far and unfortunately, once again it indicates that the crypto market is showing its unstable circumstance which can easily manipulated. Just right before the 40% surge, the China president, Xi Jinping shared his view about bitcoin and announce a support on blockchain in China. However, this gives a tremendous effect on crypto market. Altcoin's market lose a lot of volume but on the other hand, money inflow in bitcoin is growing even faster.
I believe that it is only the manipulation that some parties made to wipe out the people who short the market. I do expect a little pullback to the upside but I never thought that it was this tremendous. I am a type of the people who don't believe in fundamental analysis, I am 100% technical believer. All the short term spike is just manipulative as always. Now, look at the higher time frame of daily chart.
After the 40% surge to the upside, today's candle produce the 12% wick of rejection and is still moving below the white resistance region. this white resistance region was the broken support that is now become resistance as well. And the white trend line is the resistance trend line that has held the price since june 26th, 2019. As long as the price is still moving below this trend line, I will still remain bearish as well.
Another view on another technical indicator, which is EMA 55 and MA 200, we can easily deduce the death cross has already occured. However, death cross is always be the most respected factor to look for most of swing traders. I am expecting a daily candle closure will be below the EMA 55 which is the blue dynamic line to confirm this continuation of down trend.
[AU] Mnemosyne v04 Mnemosyne v04
Fibonacci oscillator with Lead-Follower-Base design and optional dynamic Caution Zones.
Adjustable lengths and new defaults for Lead, Follower 1/2, Base
12 Smoothing options available: "SMA", "HMA (Hull)", "EHMA (Exponential Hull)", "EMA", "RMA", "WMA", "DWMA (Double Weighted MA)", "Ahrens MA", "ZLEMA (Zero-Lag Exponential MA)", "LSMA (Least Squares MA)", "JMA (Jurik MA)", "T3 (Tilson MA)"
Shown here from top to bottom: Mnemosyne with SMA, Hull, JMA, LSMA. Each line has an adjustable length and configurable smoothing options available.
normalization/range clamp for cbci testExample chart testing artificial range clamping for the Constance Brown Composite Index (CBCI), which was deliberately designed to not be range bound to address some of the limitations and shortcomings of the RSI formula.
Here, an artificial value clamp/range bound 0-100 is reintroduced in the name of science, to see what would happen to key crossovers on a momentum-enabled indicator with no defined "floor" or "ceiling".
In short, I'm a huge fan of the CBCI - this isn't the first, and most certainly won't be the last time I explore modifications to the composite index and RSI.
Why A Cascading SMA Approximate A Gaussian Filter ?Introduction
The gaussian filter don't see many uses in technical analysis and financial data smoothing in general, however it possess really interesting properties and a really close relationship with the simple moving average.
The gaussian filter is a filter which possess a function approximately gaussian (bell shaped curve) as : impulse response, step response and frequency response. This characteristic is pretty cool actually, the gaussian function is always mysterious.
Now why do I talk about sma and estimation ? Well it is true, you can estimate a gaussian filter by applying an sma to another sma and so on such as : sma(...sma())
But why ? Just why is that so ? Well there are a lot of explanations, some of them involving the central limit theorem which would lead to a statistical explanation but I'll give a simpler explanation of this case by using signal processing.
Understanding Impulses Responses
The impulse response of a filter is the filter output using an impulse function as input or more simply : filter(impulse)
The impulse function is a simple function equal to 1 at a certain point in time, for example we can use : impulse = 1 if t = 10 else 0, where t = 1,2,3...inf
The impulse response of a filter tell us how to actually make the filter, for example :
a = filter(impulse)
b = sum(input*a) = filter(input)
This process is called convolution, and is simply the sum of the product of two functions, the input function and the kernel function, a kernel is just a way to say filter coefficients.
The Explanation
Now that you know that, let's explain why sma(...sma()) approximate a gaussian filter.
To do so let's take an impulse function and let's start applying an sma to it such as sma(impulse) (the sma period doesn't matter here)
Only one sma give a constant, let's use two sma's such as sma(sma(impulse))
This give us a triangular function, this is why sma(sma()) is often called triangular moving average, now let's repeat the process and add more sma's.
Do you see ? We are approximating a gaussian curve, if we do it many times the approximation will be even more correct.
Now let's recall :
The impulse response of a gaussian filter is a gaussian function f
The impulse response of many sma's give a function f' who approximate a gaussian function, therefore f ≈ f'
So sum(input*f') ≈ sum(input*f) and therefore sma(...sma(input)) ≈ gaussfilter(input)
Note : the process of applying a filter several time is called cascading
Conclusion
Simple isn't it ? The simple moving average is always fun to use and posses many properties, now you don't want to use such method because it's mega inefficient.
But maybe that you want to know about an efficient gaussian filter implementation ? I can work on it. Thanks for reading !
With the 21 EMA weekly hold?My TA is based around the 21 EMA weekly price which is around 9.4 k this week. If it holds and acts as a support then I predict that the BTC prices will rise come October, however if the price is breached and holds with a 21 EMA weekly candle then down we go maybe up to 6.3k.
Any comment and analysis are welcome .
Note: This is for educational purpose only and not Financial Advice.
4 hours chart : trend line, MA and the histogram on MACDLooking at the 4 hours chart, which is moving align with my yesterday's analysis about bitcoin.
Current condition shows that the price is showing a rejection toward the previous support that is now become resistance as well. Beside that, I've seen the rejection when the price was trying to surpassed the MA 200 on 4 hours chart.
The RSI on 4 hours chart is trending at under the 50 level which indicates the price is entering the bearish zone right now . The MACD histogram was once again ticking down to pass the previous wave low.
So far, current price is moving align with my yesterday's bias and I will give you more details update when the weekly candle close.
Thank you
Comparison of PRISM and FG-DIVERGENCE generated Buy/Sell SignalsPRISM Signals (Lime/Red)
Buy/Sell signals based on filtered pSAR-based Monemtum/Acceleration/Jerk oscillator.
[ p.Doji ] marks points of market-indecisiveness, and where typically, significant volatility and movement is about to occur ahead.
FG-DIVERGENCE V4 {50/15-Series} (Light-Blue/Orange)
Buy/Sell signals based on Momentum/Acceleration hybridized FUSIONGAPS oscillator.
Seems to have a high hit-rate for local tops and bottoms at different time-frames.
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The above are based on the following two respective Indicators
PRISM Signals
FG-DIVERGENCE V4 {50/15-Series}
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Related Indicators
PRISM {PSAR+RSI/STOCH/MAJ Oscillator Set}
FUSIONGAPS V4 {50/15-Series}
FG-DIVERGENCE V4 {50/15-Series}
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Note:
In no way is this intended as a financial/investment/trading advice. You are responsible for your own investment decisions and trades.
Please exercise your own judgement for your own trades base on your own risk-aversion level and goals as an investor or a trader. The use of OTHER indicators and analysis in conjunction (tailored to your own style of investing/trading) will help improve confidence of your analysis, for you to determine your own trade decisions.
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Please check out my other indicators sets and series, e.g.
LIVIDITIUM (dynamic levels),
AEONDRIFT (multi-levels standard deviation bands),
FUSIONGAPS (MA based oscillators),
MAJESTIC (Momentum/Acceleration/Jerk Oscillators),
PRISM (pSAR based oscillator, with RSI/StochRSI as well as Momentum/Acceleration/Jerk indicators),
PDF (parabolic SAR /w HighLow Trends Indicator/Bar-color-marking + Dynamic Fib Retrace and Extension Level)
and more to come.
Constructive feedback and suggestions are welcome.
If you like any of my set of indicators, and it has benefited you in some ways, please consider tipping a little to my HRT fund. =D
cybernetwork @ EOS
37DzRVwodp5UZBYjCKvVoZ5bDdDqhr7798 @ BTC
MPr8Zhmpsx2uh3F5R4WD98MRJJpwuLBhA3 @ LTC
1Je6c1vvSCW7V2vA6RYDt6CEvqGYgT44F4 @ BCH
AS259bXGthuj4VZ1QPzD39W3ut4fQV5giC @ NEO
rDonew8fRDkZFv7dZYe5w3L1vJSE51zFAx @ Ripple XRP
0xc0161d27201914FC0bAe5e350a193c8658fc4742 @ ETH
GAX6UDAJ52OGZW4FVVG3WLGIOJLGG2C7CTO5ZDUK2P6M6QMYBJMSJTDL @ Stellar XLM
xrb_16s8cj8eoangfa96shsnkir3wctdzy76ajui4zexek6xmqssweu85rdjxrt4 @ Nano
~ JuniAiko
(=^~^=)v~