Against the TrendYesterday's Hanging Man may become confirmed toy by another one. This may indicate that there is a downward correction due after the 50% rise within less than 2 weeks only.
The momentum is declining.
Oscillators
Bitcoin is Bullish Long Term - Next Wave is Coming!While there is some danger of a deeper correction in the near future, the longer term picture is strongly bullish:
Bitcoin is clearly in an uptrend on the monthly timeframe. Higher highs and higher lows. Even crashing all the way down to 30K will not violate it.
Elliot waves: we have completed 3 waves so far and we're in the wave 4 right now. Wave 5 can be expected next once the current correction/consolidation is finished.
The cycle is far from over yet. It can last until the end of 2025 and the new ATH can be estimated to occur somewhere between November and February. Read more in this post.
Monthly RSI hasn't reached the extreme values it reaches every market cycle top yet. It can be expected to reach 87-88 this time based on the trend line you can see on the chart below.
$SPY August 29, 2024AMEX:SPY August 29, 2024
15 Minutes.
AMEX:SPY made a low 555-556 levels once 558 was broke.
Today for the fall 562.05 to 555.04 559-560 is a good level to short as AMEX:SPY made LL without any divergence.
555-556 should give strong support.
The next level to watch is 553.
QQQ showing more selling to comeQQQ throws signals that bears are still firmly in control and the downward trend should continue
QQQ tests major resistance line, fails to breakthrough
During recovery in late day trading volume steadily decreases showing disagreement in recovery
After hours shows a significant sell off which has recovered some since.
RSI falls in step with price showing no signs of reversal coming
Next major support line is around 463
Today marked the first day of strong downward trading breaking through support and holding. We are looking at more selling to come
META Weekly Double top with Divergence and Pin BarMETA weekly double top with divergence
Doesnt bode well for the indices
ARBUSDTHi guys
The main trend is downward. We have not yet received confirmation of a trend change and the bullish outlook is very weak for now.
But on the daily and four-hour time frames, we have a positive RSI divergence.
And provided that the downward trend line is broken and the resistance range of $0.893 is consumed, the possibility of the continuation of the upward trend is strengthened.
What do you think?
SMH throws mixed signals compared to QQQSMH indicators, EMA crossover, and stock throws mixed signals
EMA remains below its SMA line
RSI breaks slightly above its SMA
stock price remains firmly inside lower resistance line
SMH is rather prone to false breakouts. So the RSI breakout above could be a fake out for sure. Prefer to wait for extra confirmation of new direction with SMH before making trades on it.
SMH is overall giving more bearish direction than bullish.
GBPAUD - Running Position - Bullish OutlookFX:GBPAUD has broken the lower highs on 4 hr timeframe after retracing in a bullish trend! I am expecting continuation of the bullish momentum!
PSX HUBC Range broken- 152 level breached
- Price has broken out of range with heavy volumes.
- In uptrend, new higher high formed.
- Bullish MACD
Short position on COMPUSDT / Follow for updatesBINANCE:COMPUSDT
COINBASE:COMPUSD
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
The setup is active but expect the uncertain phase as well.
➡️Entry Area:
Yellow zone
⚡️TP:
On the Chart
SL:
On the Chart
The Alternate scenario:
If the price stabilizes above the trigger zone, the setup will be cancelled.
Swing Trade - GODREJIND📊 Script: GODREJIND
📊 Sector: Chemicals
📊 Industry: Chemicals
Key highlights: 💡⚡
📈 Script is trading at upper band of BB.
📈 MACD is giving crossover .
📈 Double Moving Averages are giving crossover.
📈 Right now RSI is around 64.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 941
🟢 Target 🎯🏆 - 1000
⚠️ Stoploss ☠️🚫 - 908
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
ARB/USDT 15m / D BB & FVG / ELLIOT / LIQUIDATIONS / FIBOAccording to higher timeframes, the market sentiment is bullish. We are moving within an ascending channel with the potential to rise to 0.7416. To increase the probability of this outcome, the price needs to establish itself above the ascending channel.
Locally, within the range of the daily breaker block (D BB) and the daily imbalance (D FVG), three potential entry points are visible:
1. Liquidity grab (Sellside liquidity)
2. 0.5 Fibo
3. 0.618 Fibo / bottom of the ascending channel
4. The target is the local high, which is at the midline of the channel.
Locally, based on the EFIATR oscillator, volume, and liquidation levels, there is a likelihood of growth. According to Elliott Wave theory, a 5-wave pattern and an ABC correction in the 4th wave are visible, which further increases the probability of upward movement.
Bearish Wedge + 61.8% Retracement - AJHere I have AUD/JPY on the 4Hr Chart!
Since Prices decline, we see Price after making its New Lower Low @ 90.116 and has made a steady Fibonacci Retracement to the Golden Ratio Zone being our Fib Entry Zone!
All along the way, creating Higher Highs and Lows forming a Bearish Wedge!
Price is unable to Close above 97.472 being the 61.8% level, so I suspect we will see price continue DOWN!
*Potential Sell Entries will come once price Breaks and Closes below the Rising Support of the Bearish Wedge!
B/C Correction for E/G Before Descent To .8400?!Here I have EUR/GBP on the 4Hr Chart!
Ever since EUR/GBP made its transition into a Downtrend from the High @ .86248 to Lower High @ .85928, Price has been strong on the decline eventually giving Break to the .8510 - .8500 Area.
This Correction Wave, based on the Fib Trend Ext Tool, has eyes on the Range Target of .84409 - 8405!
Before the Final Extension can happen, I suspect Price will need to make a Retracement to the Fib Entry Zone @ .84976 - .85133!
*Golden Zone @ .85032 - .85087
After which I will be looking to take Sell Opportunities to finish the Wave!
Indicators:
-Price Trading Below DSR
-Price Trading Below 200 EMA
-DSR + EMA leading to "Death Cross"
-RSI Below 50
-BBTrend Printing Red Bars
Volkswagen: BUYThe Doji on the Monthly chart shows that the downtrend is exhausted at historic Change of Polarity support. Stochastics are oversold. Price hit the Monthly Bollinger lower band and Yearly Pivots Fibonacci S1 support. Target is next major Fibonacci level above which coincides with Daily chart Falling Window resistance.
Long: 105.70
Target: 125.00
SL: 100.7
Max 10% of trading capital.
Sell GBPJPYI love this trade, I think you'll love it too it is such a nice trade
This trade is based on the continuation.
I like this trades so much that I will even add 2 positions and I will enter as soon as the market opens.
Deep dive into Acceleration / Deceleration Indicator Hello, Skyrexians!
Last time we discussed how you can use the Awesome Oscillator to create profitable crypto trading strategies and which type of signals it generates. Today we will deep dive into Acceleration/Deceleration (AC) the next Bill Williams indicator, which can also enhance your cryptocurrency trading strategy. This indicator also can be valuable not only for manual trades, but also for developing your crypto trading algorithm, crypto algo trading platform, crypto trading bot, ai trading bot or grid bot.
The main thing is to understand what is the AC indicator and which signals it generate, which signals we shall use in crypto trading like top crypto traders. Let's go!
What is Acceleration / Deceleration?
The Acceleration/Deceleration Oscillator (AC) is a technical analysis indicator developed by Bill Williams, a notable trader and author known for his work in market psychology and trading systems. This indicator helps traders identify changes in market momentum and potential trend reversals.
How the Acceleration/Deceleration (AC) Indicator Works? The AC indicator is based on the idea that the momentum of the market (speed of price movement) often changes before the price itself changes. By identifying these shifts in momentum early, traders can anticipate potential trend changes.
The AC is derived from the Awesome Oscillator (AO), another indicator created by Bill Williams, which is the difference between a 34-period and a 5-period simple moving average of the median price (the average of high and low prices).
The AC is calculated by subtracting a 5-period simple moving average of the AO from the AO itself. Mathematically, it can be represented as:
AC = AO − SMA5(AO)
Where AO is Awesome Oscillator (calculated as the difference between the 34-period SMA and the 5-period SMA of the median price). SMA5(AO) is 5-period simple moving average of the AO. Now let's consider which types of signals AC can generate.
A simple long-term T/F Stochastic Trick You Will Only Learn Here
Cast your minds back to the end of 2015 guys. I know you probably have no recall on the Gold-price.
So let me tell you how the Gold price was behaving at the end of 2015.
For several years prior (approximately) 2012-2015 the Gold Price was trending down to a support level around December 2015.
Now, take a look at the 3 MONTH-Chart for XAU USD. What do you see when looking at the 2nd bottom of chart indicator the Stochastics. Scan from left to right from 2007 to 2024. How many times does it get over-sold under the crucial 20 level. Do you get my drift?
Just prior to December 2015 the Stochastic on the 3M chart crossed-down below the 20 level. But it would've been pressing-down-hard at the floor so you would not be buying yet.
But now, look what happens to price around December 2015 when the 3-MONTH-STOCHASTIC INDICATOR crosses up the Green-20 line. You are correct, price starts to rally-hard.
Forget the so-called gurus selling the b.s. indicators guys. Stochastics and especially on the Higher-Time-Frame is the "KING" of all indicators. It's only let-down is that it does tend to give you a road-map of when to exit your trade. That road-map can be achieved tracking the MACD, which incidentally, the MACD got you into a trade here in Gold not long after the Stochastic crossed-up the 20, there was a Bullish cross-up of the MACD lines. The lower under the zero line this MACD cross occurs. Following the MACD and RSI can actually create a road-map like you are driving a car and trying to avoid an interest, I might explain this another time.
But again, nobody will teach you this trading secret on the Highertimeframes, you will only learn it from the 100% free subscription service delivered by me here at easy_explosive_trades. Just imagine buying 1 lot in XAU USD and capitalising on that 138% move. I have not done the maths.
These are the big trades I look for on the highertimeframes. I started investing and trading during the GFC in 2008 but in 2015 I did not know about this very insider high-time-frame trick using the number 1 indicator, the King-Stochastics, it get you into trades on HTF with needle point accuracy.
Nobody showed me this trick. I work these things out myself. I wanted to share it with you. As I am proud to have you part of my channel.
Cheers,
Chris
easy_explosive_trader
* Trading is risky. Don't rely solely on my investment advice.
Monday's trades: We are bidding up the Silver price & Palladium. Both of these and especially Palladium are bullish on the HTF.
Hey..... forget these gurus with their 72 day moving averages & 171 day moving averages. You make money sticking to the basics in trading.
Finally, I encourage you to, if you take my trades, to always risk no more than 0.25% to 0.50%. I endeavour always to give you fantastic RR not this 1:1 crap that the expensive subscriptions in Gold and Currency's charge. I make enough money trading, I don't need to make money out of you.
Long Position on APTUSDT 1H / (Volume Projection)BINANCE:APTUSDT
COINBASE:APTUSD
Mid-risk status: 5x-8x Leverage
Low-risk status: 3x-4x Leverage
👾The setup is active but expect the uncertain phase as well.
⚡️TP:
5.96
6.05
6.15
6.25
6.32
6.45
6.52
6.60(In Optimistic Scenario)
➡️SL:
5.6
🧐The Alternate scenario:
🔴If the price stabilizes below the trigger zone, the setup will be cancelled.
Long Position on ZENUSDT / (Volume Projection)BINANCE:ZENUSDT
COINBASE:ZENUSD
Mid-risk status: 5x-8x Leverage
Low-risk status: 3x-4x Leverage
👾The setup is active but expect the uncertain phase as well.
⚡️TP:
8.09
8.39
8.73
9.07
9.46
9.78
10.20
(In Optimistic Scenario)
➡️SL:
6.80
🧐The Alternate scenario:
🔴If the price stabilizes below the trigger zone, the setup will be cancelled.
ETH/BTC This is just an example of technical analysisIf helps you, please like and share.
#price_action #trend_hunter BINANCE:ETHBTC
PayPal (PYPL): Time to Secure Profits After Hitting New HighsWe’ve noticed that PayPal isn’t getting much attention lately, but since our entry, the stock has surged to a new high, the highest since April 2024. However, amidst the potential hype surrounding PayPal, we must remain focused and closely monitor the chart.
The gap from August 2023 has now fully closed, and the RSI is beginning to look concerning. In response, we’ve decided to take some profits off the table and raise our stop-loss to just below the triple EQL at around $56.88.
With this new stop-loss and the profits we've secured, we’re protected from potential downturns but still positioned to look for another entry in PayPal.
Stay tuned for updates on the next possible setup. ✅
