Midweek Market Review: Jan 23 - 27,2023Hey everyone, so this week has been very interesting. Although we had a few trades lined up on Monday, we only managed to get a pending order set on one. In this weeks midweek review, I share my thoughts on the overall movement of price so far this week. Currently I am flat on my account, (I have no trades running), but hopefully we got some of the pairs on watch coming together to offer some amazing opportunities. Furthermore, I hope and trust that you are all having an amazing week, and will continue smashing it closing this week off in the black.
Until next time, you should all keep well, and bye for now.
Moving Averages
BTC 3DAY BOTTOM THEORYHere I outline my Bitcoin bottom theory, using the 3day chart and the 300ma and 300ema.
When 300ema crosses bearish over 300ma we see consolidation below (bottom), and once the 300ema crosses bullish over the 300ma, we see clear start to next BULL cycle.
What's to come next this cycle? Drop comments below! Thanks for watching and thanks for your time! Please like and follow for more ideas.
How to be a Mean Reversion ScalperIn this video I go over how I trade with my custom mean-reversion histogram and overlay indicator, explaining the logic behind my entires and profit-taking levels. This example is taken from $SPY on the 1-minute chart, and I examine all four of the alerts that the indicator gave today. Comment below with any questions!
Market Update 11/12/23 With Time Stamps0:00 DXY
2:30 APPL
3:36 NASDAQ
5:10 BTCUSD
8:15 DIA DJI
9:05 What I want to see with the DXY
10:35 What I want to see with the VIX
13:00 HSI Hang Seng Index
15:15 GOLD XAU
16:36 MARA
18:40 NVDA
19:12 DKNG
19:34 PYPL
19:52 Closing/Good bye
Just an update from yesterday. Most things seem to be going as expected during this new year.
I still expect the DXY to drop to 98.3 or 99.6 before trying to make a good move upwards and possibly bringing the market down, but I am still looking for a potential reversal at 12.324. We are currently under this target and that is why I say reversal. In my mind and at the moment, the odds of the DXY continuing further down are 70/30.
BTCUSDT - Phoenix Ascending Points to $22KHi Traders, Investors and Speculators of the Chart📈📉
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. 👩(will be moving to corporate some time in Jan 2023)🏫
By using two trusted technical indicators together, were able to get a near term price target for BTC : $22K.
When used correctly, Bollinger Bands in conjunction with Phoenix Ascending can provide a highly accurate price target. From these two indicators it seems that Bitcoin may soon attempt resistance zone $22K. The ultimate question though, is if we will be able to CLOSE above this zone or if it would just be a wick, hunting for stop loses.
Want to know which altcoins you should be watching closely AND why ? Take a look here: 👀
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CryptoCheck
Heiken Ashi Algo and the Mass Effect Moving Average: Almost HereWell ladies and gentlemen I think I have created a monster and I'm really happy to call it the heiken Ashi algo and the Mass Effect moving average combination.
Don't worry I have not been leaving you hanging. It's just been very busy and I want to make sure that this thing works beautifully for you.
So what is the heiken Ashi algo oscillator?
it is an oscillator much like the original heikin-ashi RSI with a ton more features.
As you know a little while ago I came out with the CoffeeShop Crypto HARSI, Update to the original HARSI.
And as development on that oscillator continued I had to change the name to the algo because now the oscillator actually speaks to you while trading is taking place.
But as you know you should never use a single indicator by itself to enter and exit trades and understand what's happening on your chart. you should always use something as a secondary Confluence or even a tertiary confluence. Because the more confluences you have the better right?
So with that I continued development on the Mass Effect moving average and you can use them beautifully in combination.
In this video I don't want to get into the technical Aspect of all the details on how the oscillator and the moving average work but I do want to show you the parts that have been developed and what they mean.
feel free to leave your suggestions below and I will make adjustments if needed.
I'm probably going to need one more week before fully releasing both of these together and until then I'd love to communicate with you on anything to make it more fluid.
With that let's take a look at my chart and see the breakdown.
The Heiken Ashi Algo
Double Stochastic - Uses a mean regression calculation for pullback notifications but it also adds support to knowing when a trend is in full swing.
This happens when you see both stochastic ribbons touch each other while they are the same color
Green touching green is a move to the upside. It matters most When it's above or below the 50 level.
the other thing you can see here is when they touch and when they touch again as the same color is a clear sign of a Divergence.
IBXL - Inside Bar Calculation. This will be moved to the Mass Effect MA as well
Resistance / Support / are dynamic levels which change over time
Bull Key level - Are Significant price or Price action levels which almost never change over longer periods of time. when I get a key level alert I Market on my chart with a thick line and I lock it in place. These are the major areas of supply and demand Zone on your chart and you want to watch them closely when price gets near these levels
Pull Back - Helps you draw out targets to your trend lines.
Now let's talk real quick about the mass effect moving average and what it will include.
this uses a mean regression strategy so that you can swing trade- And get your confluences of when prices going to move up or down so doesn't matter if you are in an uptrend or a downtrend .
Stop lost Trend color - Is this really a stop loss line which will follow your price action and depending on its color will tell you if you should be using a stop loss of a guy or a stop loss of a sell. Obviously if it's red you should be selling and if it's green you should be buying. do not use it incorrectly. Just because it changes to Green doesn't mean you by and just because it changes to Red doesn't mean you cell. It only means you are in an area where you should be buying or selling.
The EMA's - it includes four different exponential moving averages which you can set appropriately to your style.
The VWAP - Included in this is a VWAP Moving average. Even though the VWAP is used as a moving average against the RSI in the oscillator below, I included the VWAP in the Mass Effect moving average because once you switch to a daily chart The VWAP in the oscillator disappears but you can still have it on your chart in the Mass Effect moving average. So switching to a daily chart you will still be able to see your VWAP.
The V-CROSS - This indication shows up so that you can see when the V WAP is crossing over your price level. This helps you know from point to point if you are above or below a support or resistance level and where is your price in relation to your VWAP. This will also help you notice when price is overbought or oversold.
Fractals - Show you pivot points in market structure. I use them to find exit points for trades when there is no immediate swing low or high to be seen. Usually i look further left and use one of these points to exit. But they have even more application which I'll get into in another video.
The Trend Ribbon - Is a bullish and or bearish colored ribbon to show you the trend that works in Confluence with your stop loss line which also changes from red to Green. when they are both the same color you are in a trend in that direction of up or down. The good thing about the trend ribbon is it's always seeking the same level as the VWAP and when it finally catches up to it that's when the trend usually goes flat and then reverses.
🚀 Get Back to Work Party People!💥Hello! I am enTHUZed from TradingView. Some may say I have a split personality between a fulltime crypto futures trader & educationally focused content creator. I teach a unique trading system called the Strength Trading System where we employ max cross margin leverage with proper position sizing to manage one’s average price while we often trading in both directions. When deployed properly this system yields the highest win rate compared to all trading systems.
👉Stream schedule: As I am available from my busy schedule.
*️⃣DISCLAIMER: I do NOT offer financial advice. I am not a financial advisor. The content is for educational purposes only. YOU are responsible for your own investment decisions.
Market Update 12/05/22: VIX FocusedIm too lazy to put timestamps in for this video. The first 4 minutes I go over the VIX and what I expect moving forward.
The market is kind of wonky so maybe anything can happen.
Long story short, last week the VIX hit two big targets: 19.8 and 19.08. I think we may stay in this area before moving up as long as we start the week somewhere slightly above 20.37. Though the VIX looks more bullish than bearish at the moment.
🚀 Yo Bitcoin... When Moon?!Check out our TradingView Bitcoin & Altcoin Technical Analysis videos, TradingView LIVE streams, or participate in our educational Locker Room videos.
👉Stream schedule: As I am available from my busy schedule.
*️⃣DISCLAIMER: I do NOT offer financial advice. I am not a financial advisor. The content is for educational purposes only. YOU are responsible for your own investment decisions.
Stocks & Crypto QuickFire: Time StampedTimeStamps:
DOGE 0:18
SOXL 3:22
PYPL & DKNG 5:22
LTC 7:46
ETH 8:50
HSI 9:50
GOLD 12:00
PHUN 13:40
SLP 14:58
MSFT 16:14
NVDA 17:10
TSLA 18:00
AUDCAD 19:04
I say something like 17-6 in the beginning when I'm looking at DOGE. I meant to say 7.6 cents when referring to 7.6 cents being a smaller position entry area and 6 cents for a more sizeable one.
Market Update 11/30/22 Timestamps BelowReal support for Vix is below at 19.8 and 19.4 with the strong trend line at 17.6. Though Powell did have bullish comments today, the price movement of the VIX supported the likelihood of a market move upwards more so than a market move down.
Time Stamps:
VIX 0:00
APPL 11:00
NASDAQ 14:39
DXY 15:40
BTC 16:50
SPY & DJI 18:22
DOGE -Easy Trick, Targets with Moving Averages🎯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. Daytime job - Math Teacher. 👩🏫
A quick look at Dogecoin after the mini rally. DOGE loves moving averages . The moving averages is always a strong indicator of where the price could land after a correction towards the upside - and we see just that. Resistance in the 3D timeframe from the 200d moving averages. My observation on DOGEUSDT will conclude that this was just a correction to the upside following BTC increasing. I'd be looking to take profits here.
Interested in Bitcoin? Check out this idea on BTC, covering the fundamentals in the market at the moment:
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We thank you for your support !
CryptoCheck
Market Update 11/29/22: APPL, VIX, DXYThe Quality of the Video is 3x better if you full screen when watching.
I still feel like there could be some bullishness coming in here. I am not sure if this bearishness will stick. I go into more depth in the video.
I am looking forward to seeing where the vix starts/goes tomorrow before the market opens.
🚀BTC Long Has Been Wrong ~ Double EQM Bear BreaksCheck out our TradingView Bitcoin & Altcoin Technical Analysis videos, TradingView LIVE streams, or participate in our educational Locker Room videos.
Live Stream schedule: Monday & Wednesday 13:45 UTC. Stream will last 1 hour.
DISCLAIMER: I do NOT offer financial advice. I am not a financial advisor. The content is for educational purposes only. YOU are responsible for your own investment decisions.
Market Update 11/24/22: VIX FocusedPretty much were back to the big averages that we were around during the august 16th and 17th drop.
I try to keep it brief in this video.
If I HAD to guess, I would say the market will move back down soon based on the VIX. A big break in a 5 year trend would be for the VIX to drop under 17.50 and start a new week or month candle under that level.
Take care.