BITCOIN IS BACK TO BULLISH CHANNELBITCOIN is back to Bullish Channel, a rise to 8300 is expected within the next few days.
Possible resistance level: 8300, 8600, 8800.
Support level is lifted from 7500 zone to 7900 zone, as charting, the green zone, which may be retested after rejected by the upper resistance.
Symbol:
BTCUSD,XBTUSD,BTCUSDT
Signals given by 9 Seasons Rainbow Multiple Time Frames Pattern Indicator
Blue Signals on 15m - 6H have defined the support levels and predicted the bounces, which should work for next one as well.
Blue -> Green: Bottom Signals
Blue-->Purple: Break Down Signals
Yellow -> Red in 15m, 30m: Top Signals
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
Multi-timeframe
Short. reaching resistancedaily:
1. price touching resistance and kijun sen
2. bearish bias
3. tenkan is far away from the price. either price goes to tenkan or tenkan goes to price
4H:
1. volume spike close to the resistance with long wick candle
2. bullish bias from ichimoku
3. momentum slowing down
1H:
1. bearsih rsi divergence near the resistance
wait until price bounce from resistance. then sell
ITekQuan High Probability Multi Timeframe ItekSignal New ReleaseITekQuan indicator helps you identify the beginning of the short and medium term trend — quick and accurately. Allowing you to trade according to the current and a higher time frame entry.
Once ITekQuan indicator has spotted the beginning of the trend, it clearly displays a Buy or Sell signals on your charts… showing you exactly where a high probability entry may occur.
ItekQuan uses sophisticated algo trading techniques to find and filter the most realiable chart and candle patterns, for telling you there’s a trade opportunity with an Edge to consider. So we’d enter the market for a ride of the trend.
ItekQuan is all you need to trade successfully any market, any timeframe, and any instruments.
ItekQuan a new Release of Iteksignal PRO
Try it free for one week.
LITECOIN LTCUSD Trading Opportunities Review Since Jan 2019LTC LITECOIN has been one of the leaders among thIS bullish run of 2019.
This idea reviews the trading opportunities of LTCUSD since January 2019 according to signals given by "9 Seasons Rainbow Multiple Time Frames Pattern" Indicator.
Symbol: Kraken:LTCUSD
Ribbons of time frames: 15m - 11H
Red Arrows Down: Short Trade
Green Arrows Up: Long Trade
Blue Arrows: Close existing position
Please scroll the chart to see the history since January 2019, try to recognize the patterns of colors combination for the following trading signals:
Short Trade to follow the bearish trend, eg: Yellow - Green -Red
Long Trade to follow the bullish trend, eg: Lime - Green -Lime
Short Trade to reverse, eg: Yellow - Green -Lime
Long Trade to reverse, eg: Green - Red - Blue - Red
Please leave your opinions and PM the author asking for free trail of "9 Seasons Rainbow Indicator".
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
Forex Watch EURO PAIR 20190423 by 9 Seasons Rainbow IndicatorEURO is a weak as a whole, especially to USD, CAD, JPY, and GBP.
Euro Pairs being monitored:
EURAUD , EURCAD , EURCHF , EURGBP , EURJPY , EURUSD
Time Frame:
1H - 2D
EURUSD: Bearish (Red) across most Time Frames
EURCAD: Bearish (Red) on most Time Frames, Green on 1H, 85m, and White on 22H - wandering
EURGBP: Keep on range, Bearish Divergence / Resistance on 170m (3H), Yellow
EURCHF: Bullish (Green) across all Time Frames
EURJPY: Strong Pull back (Red) into previous support area
EURADU: Got valid support: Bull (Green) is filled on all Time frames between 1H and 11H, Bullish Divergence / Support on 680m (11H), Blue
DISCLAIMER
This is only a personal opinion and does NOT serve as investing advice NOR trading advice.
Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
Forex 9 Seasons Rainbow Indicator Watch: USD Pairs 20190423USD is strong as a whole.
USDAUD: as mentioned in my last idea "Forex Divergence Watch: USD Pairs 20190419", Bullish Divergence (Blue) has turned out to Crazy Bought (Lime)
Crazy Bought(Lime) in 1H, 85m, Bullish Run in high volatility.
USDCAD: is breaking out the resistance.
USD Pairs being monitored:
USDAUD , USDCAD , USDCHF , USDGBP , USDJPY , USDEUR
Time Frame:
1H - 2D
DISCLAIMER
This is only a personal opinion and does NOT serve as investing advice NOR trading advice.
Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
EOSUSD Day Trade Plan Apr 22 2019Bitfinex: EOSUSD
EN: 5.24 - 5.37 average: 5.305
SL: 5.491
Take Profit: 5.15, 5.1, 5.05, 5, 4.95, 4.9; Fib (0.5-0.382)
Expected Call Duration: 1 days to 4 days
Position Percentage: 20%
Leverage: 3.3
Risk Level: Medium
Call strength: Medium High
Indicator: 9 Seasons Rainbow Multiple Time Frames Pattern PRO
Signals:
Bearish (Red): 1H - 8H ribbans
Long Wick Bearish Hammer
Bitfinex: BTCUSD: Bearish Divergence, (Overbought / Resistance, Yellow) on Three ribbons > 2H and 15m, 22m
DISCLAIMER
This is only a personal opinion and does NOT serve as live trade call NOR trading advice.
Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
Watch Out for Possible BITCOIN PullbackBITCOIN is getting more and more dangerous for Bull. It may challenge the previous high, or even breakout into higher high. But the Marginal Revenue is decreasing for Long Trade.
So Bull gets to watch out for a possible Pullback.
It is still in Range, so it is up to the market.
Indicator:
9 Seasons Rainbow Multiple Time Frames Pattern PRO
RSI
Signals:
Bearish Divergence (Overbought /Resistance, Yellow) on 2H Time frame, which is strong short signal for Bitcoin, as discussed in my idea "Is Divergence the King or Queen of Crypto Technical Analysis"
Crazybought -> Overbought, Lime -> Yellow means the previous breakout is fading.
DISCLAIMER
This is only a personal opinion and does NOT serve as live trade call NOR trading advice.
Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
ETH DAY TRADE PLAN Apr 20 2019BITMEX: ETHUSD
EN: 173.5 - 178.5, average:176
SL: 180
Take Profit:170, 169, 168, 167, 166, 165 Fib(0.618-0.382)
Expected Call Duration: 1 days to 1 week
Position Percentage: 10%
Leverage: x 9
Risk Level: Medium
Call strength: Medium High
Indicator: 9 Seasons Rainbow Multiple Time Frames Pattern PRO
Signals:
Bearish Divergence, (Overbought / Resistance, Yellow) on 60m - 170m Time Frames
DISCLAIMER
This is only a personal opinion and does NOT serve as live trade call NOR trading advice.
Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
Forex Divergence Watch: USD Pairs 20190419USDCAD: Resistance in 1D, Yellow, Range
USDAUD: Conflict Signals
Bullish Divergence (Blue) in 339m (5.6H), Support
Bearish Divergence (Yellow) in 4D-5D Resistance
USD Pairs being monitored:
USDAUD , USDCAD , USDCHF , USDGBP , USDJPY , USDEUR
Time Frame:
1H - 2D
DISCLAIMER
This is only a personal opinion and does NOT serve as investing advice NOR trading advice.
Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
Forex Divergence Watch: EURO Pairs 20190419Euro Pairs being monitored:
EURAUD, EURCAD, EURCHF, EURGBP, EURJPY, EURUSD
Time Frame:
30m - 1D
EURGBP: Bearish Divergence / Resistance on 170m (3H), Yellow
EURADU: Bullish Divergence / Support on 680m (11H), Blue
EURGBP 170m MACD, RSI
EURADU: 680m MACD, RSI
DISCLAIMER
This is only a personal opinion and does NOT serve as investing advice NOR trading advice.
Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
Is Divergence Really Irresistible?Divergence is one of the best technical analysis theories. Although not 100%, a very high probability of profitability is well known.
This idea lists most of the instances of divergence on BTCUSD (Coinbase) since $19892 summit of December 2017 on 2H interval.
Indicators used:
RSI
MACD
9 Seasons Rainbow Multiple Time Frames Pattern PRO
Base Time Frame: 2H, most upper ribbon of "9 Seasons Rainbow"
Longest Time Frame: 90H (3D + 18H), most lower ribbon of "9 Seasons Rainbow"
Instances of Bullish Divergences (Green Arrows)
29 instances, probability of profitability > 85%
Signals:
Blue ascending arrows in RSI & MACD
Blue Ribbons in "9 Seasons Rainbow"
Instances of Bearish Divergences (Red Arrows)
17 instances, probability of profitability > 90%
Signals:
Yellow descending arrows in RSI & MACD
Yellow Ribbons in "9 Seasons Rainbow"
The value of divergence: it is not limited to fixed price and it happens on any Time Frame, when it encounters strong resistance or support.
The downside of divergence: high reward is coming with high risk, when the resistance or support being broken through, a breakout or breakdown may happen. Thus whales can use this to play with the market, with the recent case happened on April 1.
By using "9 Seasons Rainbow" Indicators, traders can monitor Divergence:
Visually
Cross Multiple Time Frames on a single screen, without necessary to change time intervals /sessions
Setting Alerts of divergence on All Time Frames on a click
DISCLAIMER
This is only a personal opinion and does NOT serve as investing advice NOR trading advice.
Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
The arrows and rectangles are added manually according to signals of the indicators.
Hidden Divergence is not included in this idea, because I feel the probability to win is not so high as normal Divergence. May be I don't find the right method to use hidden Divergence.
Is Divergence the King or Queen of Crypto Technical Analysis?Divergence is one of the best technical analysis theories. Although not 100%, a very high probability of profitability is well known.
This idea lists most of the instances of divergence on BTCUSD (Coinbase) since $19892 summit of December 2017 on 2H interval.
Indicators used:
RSI
MACD
9 Seasons Rainbow Multiple Time Frames Pattern PRO
Base Time Frame: 2H, most upper ribbon of "9 Seasons Rainbow"
Longest Time Frame: 90H (3D + 18H), most lower ribbon of "9 Seasons Rainbow"
Instances of Bullish Divergences (Green Arrows)
29 instances, probability of profitability > 85%
Signals:
Blue ascending arrows in RSI & MACD
Blue Ribbons in "9 Seasons Rainbow"
Instances of Bearish Divergences (Red Arrows)
17 instances, probability of profitability > 90%
Signals:
Yellow descending arrows in RSI & MACD
Yellow Ribbons in "9 Seasons Rainbow"
The value of divergence: it is not limited to fixed price and it happens on any Time Frame, when it encounters strong resistance or support.
The downside of divergence: high reward is coming with high risk, when the resistance or support being broken through, a breakout or breakdown may happen. Thus whales can use this to play with the market, with the recent case happened on April 1.
By using "9 Seasons Rainbow" Indicators, traders can monitor Divergence:
Visually
Cross Multiple Time Frames on a single screen, without necessary to change time intervals /sessions
Setting Alerts of divergence on All Time Frames on a click
Poll: Is Divergence the King or Queen of Cryptocurrency / Cryptoasset Trading Technical Analysis?
Please leave your comments.
DISCLAIMER
This is only a personal opinion and does NOT serve as investing advice NOR trading advice.
Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
The arrows and rectangles are added manually according to signals of the indicators.
EOS DAY TRADE PLAN Apr 15 2019BITFINEX: EOSUSD
Long entry: 5.425 - 5.52
Stop loss: Roughly 5.325
Take Profit: 5.7, 5.8, 5.9, 6, 6.5
Expected Call Duration: 1 days to 1 week
Position Percentage: 20%
Leverage: x 2
Risk Level: Medium
Call strength: Medium High
Indicator: 9 Seasons Rainbow Multiple Time Frames Pattern PRO
Signals:
Bull (Green), Bull Pullback(Light Green) across almost all the ribbons
One Overbought (Yellow) in 8H remind us resistance of previous high: 5.85-6.1
BCH BAB is leading the market with outstanding strength, so EOS, LTC is expected to follow.
AB - CD, a continuous run of yesterday's rise.
DISCLAIMER
This is only a personal opinion and does NOT serve as live trade call NOR trading advice.
Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
Bitcoin Price Action Update (day 341)Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to succeed long term. If you fall into the majority that tries and fails then I assume no responsibility for your losses. What you do with your $ is your business, what I do with my $ is my business.
Click here for my Comprehensive Trading Strategy | Click here for my Comprehensive Trading Process | Click here to learn about the 2 BTC' to 20 BTC' Trading Challenge
Consensio: Bullish. 50 EMA posturing for golden cross with 200 EMA.
Patterns: Phase 7 Hyperwave | 4h ascending triangle
Horizontals: R: $5,341 | S: 5,150
Trendline: 1h channel
Parabolic SAR: $4,800 and accelerating fast
Futures Curve: Contango
Funding Rates: Longs pay shorts 0.01%
BTCUSDSHORTS: Looks like an A&E bottom, starting to build significantly over the past few hours
TD’ Sequential: Daily G4 | Weekly just closed a perfected G9
Ichimoku Cloud: Fully bullish
Relative Strength Index: Testing all time highs
Average Directional Index: Weekly still trending down. Daily is very bullish
Price Action: 24h: +6.05% | 2w: +38% | 1m: +39.08%
Bollinger Bands: Hugging the top band
Stochastic Oscillator: Weekly entering overbought territory
Summary: It has been a very long time since we have seen a weekly candle like this!
Markets are moving and it is time to pay close attention but we do not want to get ahead of ourselves. The weekly just closed a perfected green 9 and there is major resistance overhead. It starts getting heavy around $5,600 and it will become much bigger at $5,800.
If prices get to that area while being this overbought then it will be the best selling opportunity of the year. That being said I did enter a small long this afternoon at $5,190 when the price confirmed the ascending triangle. The target from the triangle is $5,669 which is right in line with where horizontal resistance is marked.
If we reach that target then I will be taking full profit and looking to go short. Despite entering long I have market this update as neutral because I wasn’t to post it in time. At $5,190 the risk:reward was slightly less than 1:2 and now the price is testing $5,300. That makes it far less attractive.
If you missed out on this current pump then make up for it by preparing to sell very soon. If we rally to $5,600 - $5,800 then I do not expect those prices to last for long. The market will be extremely overbought at major resistance and that usually results in a strong / fast reaction. The risk:reward of opening a short in that area will be at least 1:5.
FTSE MIB Elliott Wave Analysis UpdateThe FTSE MIB has consolidated the double WXY correction of Minor grade that we were following. The longer-term scenario has affirmed the conclusion of the bearish movement started in May 2018 and the structure that seems to be forming is that of a triangle ABCDE. Therefore the main scenario is that of a triple correction of WXYXZ Minor grade, agreeding with the bull market scenario in the American markets. The Minor correction that has been formed so far is a double correction, composed of a flat (W), an expanding triangle (X) and a zig zag (Y). Inside we can highlight the following Fibonacci ratios: X = 0.382 * W and Y = 1.618 * W. Within Y, the sub-wave B retraced the 0.382 of A and C ended on level 0.618 of A. Within C Minute: 3 = 2.618 * 1 and 5 = 0.5 * 1. Currently, we are inside the first sub-wave of X Minor. From the central graph we note that the correction has already touched the 0.236 level from which it rebounded. At least another short-term move is expected in the short term before the end of the first sub-wave of X Minor.
BTCUSDT H4 Uptrend ContinuationThe pair have a good uptrend run since it's sharp decline on 23 Feb 2019. I am seeing it to continue somemore if it breaks and closes above the immediate resistance line (blue dotted line). Major supply level at 4162.
If price comes down to my prz levels between 3892 - 3912 I am interested to take a long position. Take note these harmonics completion levels are also near the bottom of the trend channel. For those who studies Supply and Demand will know this range is around the Demand Level as well.
Do like, share and follow me for more analysis like this.
Up, Up & away for USDCADI use multi-frame technical analysis to support my set-ups as higher time-frames are always more reliable. Therefore, lets look at UC by starting on the monthly time frame.
Monthly time-frame:
The ascending trendline, indicates that the current trend is bullish, thus looking for longs will be better than shorts
Weekly time-frame:
When dropping down to the weekly time-frame, it can be seen that the pair is moving in an ascending channel, due to its consecutive higher highs (HH) and higher lows (HL). further approving that looking for longs will be better than entering any short trade.
daily time-frame:
The last daily candlestick in the yellow bubble (15/03), indicated a reversal of the downtrend that the pair was currently in from the weekly key level 1.34500 to the monthly key level 1.33250. therefore a long position is now finally presenting itself.
Explanation for long-prediction:
1. the pair is showing an uptrend on both the monthly and weekly timeframes (higher time frames = more reliable & never trade against the trend)
2. the reversal candle around the resistance-turned-support key level 1.33250
3. last daily closure indicated a reversal in trend
long trade setup:
in the long term, i predict the pair reaching the 1.38750 (trendline), or the next major monthly key level 1.40000
however, in the short term, multiple TP's will be placed at the upcoming weekly and monthly key levels of
1.34500, 1.36500 and the final TP (that of the long term prediction)
i will look for an entry on the 4hr time frame, once it rejects the 1.33250 region again.
risk:reward ratio is within my trading plan.
S&P 500 Elliott Wave Analysis UpdateThe scenario dictated by Elliott Wave Theory remains bullish. In particular, as in the last update, the American index is in Intermediate wave 3, but with the difference that the sub-wave 3 seems to have ended. The latter has an extension greater than that of Minor 1, this will allow wave 5 to be longer than 3. The main scenario implements the wave formation of Minor 4 and its sub-wave C. On the graph central, the lower trend line of the channel should act as a dynamic support and target of Minor 4. Moreover, respecting the principle of alternation since wave 2 was a zig zag, now wave 4 seems to be a flat, or at least a lateral correction like a triangle.
GBPJPY outlook: Short term & Long term view.1W:
GBPJPY broke out of a descending trend line last week, exposing the pair to further potential upside movement.
A retest of the trend line may occur before price starts to increase.
4H:
On the 4H chart we can see price broke and closed below a short term ascending trend line, opening up possibility for a short term decline in price.
Trading plan:
Going into the week ahead we would like to sell the pair short-term upon a retest of the broken 4H trend line & a bearish 4H candle close.
We would then wait for bullish price action signal when price reaches the reversal zone & find entries to long-term buy trades.
Be aware of any upcoming high impact economic news for GBP & JPY. Brexit speeches/news which may cause large spikes.
Updates will be posted as this trade plays out.
Pattern Analysis; incorporating timeframes (USOIL)Understanding trends within a pattern gives analysts the ability to better understand sentiment and directional pressure.
In this example, pattern extremities were highlighted. Then, on a lower timeframe, trends within said pattern drawn.
Overlaying timeframes is a necessary part of a complete analysis, and a complete commodity analysis can help piece together economic factors affecting commodity-sensitive currencies such as CAD and AUD.
Channel Analysis (USDCAD)Using proximal and distal lines to mark channel extremities takes emotion and guess-work out of swing trading! Furthermore, using multiple timeframes allows for more accurate timing and thus more control over risk/reward.
As can be seen here, proximal and distal lines were used to highlight reversal areas on both the top and bottom of the channel. Then, using a smaller timeframe, an area of price-interest was highlighted to get a better understanding of direction.
Outlook: Bullish to 1.37~
Void if price <1.31~