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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.
by go8686
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.
by go8686
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.
COINBASE:BTCUSD
by go8686
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.
COINBASE:BTCUSD
by go8686
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.
BITFINEX:EOSUSDLong
by go8686
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.
BITMEX:XBTUSD.P
by Sawcruhteez
BAMM - Great Momentum, Flagging before next Push CSE:BAMM OTC:BMMJ Body and Mind closed friday with a doji candle, possibly signalling a short pause before advancing. We have kept daily higher lows intact since March 19th, consolidating on the hourly as we advance. The weekly chart looks very strong with increasing price, increasing volume, big green bars closing at or close to the high. However I would expect to see a bit of a weekly flag before pushing into the $1.00 range. Meaning we could see this first week of April, trade sideways in the 90c to 98c range before we push higher. This would be completely healthy and will be a good chance to accumulate below a dollar before we push higher. On Thursday we had a bullish cross of the 50day SMA over the 100day SMA and have two very strong up-trend lines that we can play off of in the coming days. The RSI is a little heated right now being that we have been over 70 for the last 6 trading days, thought for reference VFF (Village Farms) spent almost 2 complete months over 70 and only half of that period was in "blue sky breakout" so this indicator is not to be solely relied on. We have been hugging the top of the bollinger band for two weeks (11 trading days) now, so a bit of sideways action will help cool this indicator off as well. Volume has peaked a couple times but is sustaining above 350k which is double the 50 day average volume. Resistance 98c and $1.00 will be our next two resistances, based off the Level 2 (market depth) data there have been some sell blocks posted there for a couple weeks now, should not be a big concern given the momentum but id expect a pause around there to chew through them. after that there is not to much up to $1.11 and $1.20 which is our 52 week high Support 91c and 92c are our last two daily higher lows, holding those as we go sideways will be strong. 85c is our critical support to hold now on any daily consolidation that could potentially take place This stock has plenty of strength and can see it moving higher before any medium term consolidation takes place. Volume has peaked a couple times but is sustaining above 350k which is double the 50 day average volume.
CSE:BAMMLong
by justin_paul
5
BAMM - Bullish Momentum, after cracking mid 80c resistanceUpdated: After a strong close to the week on Friday, Monday saw a battle against long standing sellers, viewing Lv2 over the past few months there were large asks stacked from $0.80 all the way up to $1.00, these asks totalled near 1 million shares. This made an extremely heavy resistance zone, however after 6 full trading days around $0.80 the Seller capitulated and had enough liquidity to exit their position in the low 80c range, this was a strong testament to the bulls here and weakness from the seller. Today had decreased volume but with little resistance left and seemingly less reason to sell at these levels the price broke out above the 90c level for the first time in nearly 4 months (December 6, 2018). In my opinion this strength lends to the ability for BAMM to continue its momentum push upward, being currently valued ~$66 million dollars, Body and Mind had a buy out offer 15 months ago from TGIF aka 1933 Industries valuing them at ~$115 million, with significant business growth in the same time period, a share price target of $2.00 would get them to a little more than that $115 million dollar market capitalization, but warranted given the growth. Financials were posted yesterday on Sedar, and demonstrated 303% YoY growth in Gross Revenue for 6 months ending January 31,2019 and 44% YoY growth in Gross Revenue for 3 months ending January 31, 2019. These financials show great growth, however do not yet capture their new dispensary in Ohio, the Clubhouse which opened February 20th and sold out first day, showing the demand. Nor can it include yet the revenue from their investment in GLDH - ShowGrow which is a Highly profitable private group of 4 dispensaries in California and Nevada, but not fully rolled into the company as of yet. The next 6 months should get really exciting revenue wise and could make this a great entry for the next 6+ months Original Post: After a 3 month long consolidation with-in a pennant US Multi State operator, Body and Mind: BAMM:CSE or BMMJ:OTC has broken out bullish with increasing volume and price CSE:BAMM . Fundamentals of the company are strong, with significant operational growth in the past 2 quarters. Financials are due out soon and should begin to reflect the growth in operations. With backing from Australis: AUSA:CSE, this could be a great long entry for a Small Cap MSO that has big growth potential in California, Nevada, Ohio and now Arkansas.
CSE:BAMMLong
by justin_paul
1
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.
F
by LucaDallago
BAMM - Volume Precedes Price After breaking out of PennantAfter a 3 month long consolidation with-in a pennant US Multi State operator, Body and Mind: BAMM:CSE or BMMJ:OTC has broken out bullish with increasing volume and price CSE:BAMM . Fundamentals of the company are strong, with significant operational growth in the past 2 quarters. financials are due out soon and should begin to reflect the growth in operations. With backing from Australis: AUSA:CSE, this could be a great long entry for a Small Cap MSO that has big growth potential in California, Nevada, Ohio and now Arkansas.
CSE:BAMMLong
by justin_paul
1
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.
Long
by TradeEye
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.
Long
by YajnaR
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.
SP:SPX
by LucaDallago
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.
Long
by JallenForex
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.
TVC:USOILEducation
by TRADINGTRADER22222
2
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~
Education
by TRADINGTRADER22222
GBPNZD H1 Bearish BatH1 Bearish Bat Harmonics Pattern The pattern will complete at point D however I am entering trade on a deeper price represented by the black dotted line. Reason for this is because this is GBPNZD - GBP cross pair and tend to be more volatile and higher broker spread. I saw bigger Bullish Harmonics Patterns on H4 and Daily on the Higher timeframe and gave me added reason to short this pair at this level. Entry: 1.8965 SL: 1.9032 (-67pips) TP1: 1.8846 (+119pips) TP2: 1.8780 (+185pips) Do like and share this post. Follow me if my trading style suits you as I will be posting new trade ideas and analysis regularly.
Short
by TradeWithWayneYia
GBPCHF - New Daily Trend??1M - We saw last month close with a strong bullish engulfing bar off of a historical support level. This is a key level that price action has failed to break below numerous times. It is all time lows for GBPCHF and a strong rejection off of this level could mean we may see price action continue higher over the next couple of months. 1W - After a double bottom, price has rallied up over the past few weeks and has now broken some key levels. We are currently seeing price retesting the weekly 50 ema and some horizontal S/R. If we get a higher low form at this area, it could be confirming a bullish trend continuation based on the monthly timeframe. 1D - Recently a lot of bullish pressure has come in and we currently have a nice pullback retesting some S/R and the daily 20 ema. Based on previous testing, the 20 ema seems to act as great dynamic S/R when there is pressure coming from the higher timeframes (monthly chart specifically). We may see a new daily bullish trend develop once we get a confirmed higher low around this area. Summary - This is a longer term position that has bullish indications from the daily all the way to the monthly chart. Based on everything that we are currently seeing, we could see bullish pressure come in on this pair over the next couple of months. Main target is the next S/R level on the weekly chart and a new higher high. This would still be well below the monthly 50 ema too, so we would consider it to be a conservative target for this pair. The main concern is the daily S/R zone around the recent high. We will be keeping an eye on how price reacts to this area.
Long
by fx_technician
Bitcoin Daily Update (day 320)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: P closed > S & M MA but instantly reversed to the downside. L MA still bearish Patterns: Phase 7 hyperwave | Bear Channel | Symmetrical Triangle Horizontals: S: $3,377 | R: $3,472 Trendline: Symmetrical triangle inside bear channel Parabolic SAR: $3,336 Futures Curve: Backwardation with 1.90% spread BTCUSDSHORTS: Looks like they are pulling back for a 21,650 retest Funding Rates: Shorts pay longs 0.0126% TD’ Sequential: R4 | 3D just closed R9 Ichimoku Cloud: Paying attention to how the Tenkan-Sen just angled down sharply. Relative Strength Index: Continuing to trend down below 50 Average Directional Index: Still resisting below 25 Price Action: 24h: -0.1% | 2w: -3.2% | 1m: -13.9% Bollinger Bands: Trending down, squeezing with price below MA. As bearish as it gets. Stochastic Oscillator: D threatening to recross bullish (always find it amazing when it does this on bearish price action) 3D is making bullish cross and that has been a very good indicator in this bear market. Summary: I feel confident that volatility is coming in the next 24 hours. The violent reaction following today’s close is what makes me feel so certain. The daily closed at $3,429 and then there was an immediate influx of selling volume. The high volume combined with the bearish wick is something that I pay very close attention to. Either support will hold strong and provide the foundation for a significant bounce, or it will tear right through the support and go for a retest of prior lows. It is still too early to induce which direction is most likely from here, however I do not think that will remain the case when it comes time for tomorrow’s daily update. The most important chart to me is still the LTCBTCSHORTS which continue to create new all time highs. That looks like very low hanging fruit to me for someone with enough money to execute a short squeeze. If that happens then I believe in will lead the entire crypto market into a 1+ month dead cat bounce up to the $5,200 - $5,800 area. The 3D Stochastic is provided a nice confirmation of that bias. Look for yourself at how well that signal has worked throughout this bear market! The 3D red 9 is another good confirmation that a bounce is coming.
BITSTAMP:BTCUSDLong
by Sawcruhteez
1
GBPCAD 500+ pip move potentialGBP has been dominating all week and is, imho, overextended. GBPCAD is now at a Daily Resistance level that has been rejected 3 out of the last 4 times (75%) Need to see compression on the 60 min chart below the resistance level and then a strong bearish candle for entry. Entry = not yet ??? the stop will be 10 pips (+2 for spread above the last swing high) PT = 1.6668 * both sides of this pair have news release that will effect this trade. GBP retail sales at 4:30 est.which is forecasted for -0.8 which can easily be beat and CAD CPI at 8:30 est .Please take this into consideration ** A more aggressive entry can be made if there is either multiple testing of the resistance level or a tight compression below but at it, for at least 8 hrs.
Short
by AGold54