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forexTrdr EURNOK- NOK THAT PAIR BACK DOWN FROM EXTREME LEVELSMorning traders, This morning we have had the Swedish central bank come out and delay interest rate rises with market now pricing no rise until early 2020 (from mid 2019). This has had a secondary effect on the Norwegian Krona leading to a 700 pips drop versus the Euro. We are looking to capitalise on this move into extreme overbought territory and looking for a pull back into the previous trading range of 9.55 to 9.60. The spike bounced off of resistance levels dating back to early 2019 and forming a descending trendline from previous high levels in April and early February as shown in our Trading View charts. Simple clean trade on event driven news. As always this is not a trade recommendation and simply technical observation. Good luck trading from the Team at forexTrdr find us on instagram, twitter and Alexa flash briefings
Short
by forexTrdr
forexTrdr EURAUD- SHORT POST CPI SPIKEMorning traders, Looking at a short setup on Euro versus Australian dollar after last nights inflation data out of Australia coming in at 1.3% versus 1.5% expectation leading to a 140 pip spike higher in this pair. The miss on inflation suggests, in simple terms, points to slowing growth and creates a lower expectation of the Australian central bank raising interest rates. In fact there is growing expectations that they may instead need to cut interest rates due to a slowing economy and a housing market that is extremely overheated. Back to the technicals on this pair, so the spike of 140 pips has taken the pair up to a resistance level that dates back to early March. The spike itself was on very low volumes when compared to recent trading and as such was not able to break through resistance and is currently 40 pips off the headline spike. Unsurprisingly the move shows as over valued on every technical indicator. We are looking to take advantage of a pull back from these highs with expectation that the bulk of the move back lower will occur overnight during the Sydney trading session. As always this is not a trade recommendation and simply technical observation. Good luck trading from the Team at forexTrdr find us on instagram, twitter and Alexa flash briefings
Short
by forexTrdr
3
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.
BITFINEX:EOSUSDShort
by go8686
6
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.
BITFINEX:BTCUSDShort
by go8686
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.
BITMEX:ETHUSD.PShort
by go8686
3
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
$SPY - Weekly Chart Analysis Heading Into Easter Long Weekend$SPY - with its consistent grind for the month of April, we have finally found ourselves approaching ATH (All time highs) from back in October 18'. All indicators illustrating market breadth is exhausted and due for a pullback. With earnings and volatility arising in the majority of S&P names, we will be mindful of both directions the market can take. For healthy longs, we would like to see a slight pullback to $285-$290 level of consolidation to let the market catch it's breath and overbought sentiment. Main focus for day trades have been day 2 continuation plays off highly correlated news-based plays moving irrelevant to the market conditions. Other focus setups have been on the earnings reports and pre-market gappers that also tend to more irrelevant to the market conditions. Still keeping a mindful approach to how the $SPY is acting in conjunction with my watch-list. On gap up days, market tends to give less opportunities at the open and for longs. Key is to be patient, let the pullback/dip take place and base out, then look to attack the healthy long setups that have bullish support from the overall market. If we do hit doomsday mode where media and major names start to tank during earnings season, will look to focus my watch-list on the inverse ETF's (UVXY, TVIX) as they are my bread and butter during volatile market dips. Have a great long-weekend everyone and I will see you all Monday!
AMEX:SPY
by BullsOnWallStreet
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
Japanese Top Author AKUBI_FACTORY Predicted the Dump of ETHUSDJapanese Top Author AKUBI_FACTORY Predicted the Dump of ETHUSD 12 hours in advance, by using "9 Seasons Rainbow Multiple Time Frames Pattern" Indicator and traditional indicators: RSI and MACD. Time Frame: 4H Percentage of Drop: 12% so far The signals: Overbought / Resistance (Yellow) in "9 Seasons Rainbow Multiple Time Frames Pattern" RSI: Divergence MACD: Divergence Trendlines The benefit of using "9 Seasons Rainbow Multiple Time Frames Pattern" is it saves traders' time: Divergence of RSI and MACD in 12 time frames can be seen on the same chart straightforward. Especially when 6 or 9 assets are monitored, it may save up to 90% of your time. For the details of Top Author AKUBI_FACTORY' prediction and analysis, please refer to his idea: jp.tradingview.com 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.
BITFINEX:ETHUSD
by go8686
9
$SPY - Daily Chart Extreme Overbought & Parabolic Snapback Setup$SPY - our $283 level of resistance finally broke over with the market busting over and gapping up this week. Spy currently sitting at $288.26 at time of post. Highs of market are at $293.85. 7th green day in a row, constant gap ups making it hard to get day trades with market breadth sucked out before market opens. In individual names, I have been take about 30% less trades than normal. Longs my hold time is about 1/2 of what it was a few months ago. Always have to adapt and find the trend with market conditions. $SPY - expecting a pullback sooner than later with stochastics now at 90.17. Market is due for a breather and pullback to at least 9ema, otherwise other notable level is $283 area again (for tap off support). Have a great weekend coming up!
AMEX:SPYShort
by BullsOnWallStreet
BITCOIN IS RUNNING OUT OF GAS, A PULLBACK MAY HAPPEN SOONBITCOIN (BITFINEX:BTCUSD) is testing the upper border of the ascending channel. Two attempts were failed during the past hours. There may be another test, but with a high probability, a Pullback may happen soon. Reasons: Overbought / Resistance (Yellow) in 30 minute, and 42 minute time frames. In 15 minute, a Double Top Pattern is formed. MACD Divergence in 30 minute RSI has Lower Top. Hammer on the top of 1 hour time frame. There is strong support in 4130-4160, it is still too early to say if the support will work once more. If you find this idea reasonable, please like it, I appreciate your thumbs up. People who like will have a bonus of Four-Day free trial of -"9 Seasons Rainbow Multiple Time Frames Pattern STANDARD Indicator". If you love it, or if you hate it, leave your comment or your point of view. People who comment will have a bonus of one-week free trial of -"9 Seasons Rainbow Multiple Time Frames Pattern STANDARD 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.
BITFINEX:BTCUSDShort
by go8686
2
WHAT ON EARTH IS CRAZY BOUGHT (LIME)?Overbought is well known by traders. But, what on earth is "Crazy Bought"? Before, it is hard to explain and let people understand "Crazy Bought". After two days' pump and dump, it should be easier now. Crazy Bought is a new term defined in "9 Seasons Rainbow Multiple Time Frames Pattern" Indicator, which is one of the 9 Seasons: Bull (Green), Bull Pullback (Light Green), Resistance / Overbought (Yellow), Crazy Bought (Lime), Neutral (White), Bear (Red) , Bear Bounce (Light Red), Support / Oversold (Blue), Crazy Sold (Fuchsia). Definition: Crazy Bought (Lime): Price is going up in a high volatility , could be a valid breakout, or a Bull Trap. Definition: Resistance / Overbought (Yellow): a resistance area , may become a Top, or be broken through. Evolution of Crazy Bought(Lime): When the resistance is broken through, Resistance / Overbought (Yellow) becomes Crazy Bought (Lime); When the price stays above the range area, it is a successful breakout, Lime extends; When the price rises to a new level and stays there, Crazy Bought (Lime) becomes Bull Pullback (Light Green); When the price falls back into the range area, it is a fading breakout, Crazy Bought (Lime) turns back to Overbought (Yellow). The value of Crazy Bought Signal for trading: When Lime appears in shortest-term time frame, Long at once. When Lime appears in medium-term or long-term time frame, wait for Long Signal in short-term time frame, whose ribbon becomes green, or using traditional MACD, RSI, STOCHASTIC, etc. When Lime becomes Yellow, close Long Position, or do Short trade. Lime in single ribbon is weak signal, Lime with specific Pattern has high probability for a profitable trade. (Please refer to other Tutorials about Pattern) Stop Setting: set Stop under the upper border of the range, leave some space from it. Market is complex, High Risk comes with High Reward. (For 90% of time) Resistance / Overbought (Yellow) normally means Bull is exhausting on that time frame, so it is reasonable to Short; however, some hidden whales can manipulate/affect the price suddenly, esp in small time frame. When a short position is open with Yellow signal, always be ready to close it when Yellow becomes Lime. Crazy Bought (Lime) normally means a breakout, so it is reasonable to Long; however, a breakout can be fading, so always be ready to close it when Lime reverses to Yellow. PS: I should have listened to the indicator, instead of my feeling. My latest idea "BITCOIN IS WALKING BESIDE A CLIFF", should be renamed to "BITCOIN IS WALKING under A CLIFF". However, according to my theory, it is reasonable to open short position, because the indicator gave Resistance / Overbought (Yellow) signals in 85minute & 170minute time frames. The problem is that, me, as the author of the indicator, didn't listen to the signals given by the indicator "9 Seasons Rainbow Multiple Time Frames Pattern". One hour before the 1K pump, Yellow became Lime on both 85minute & 170minute time frames. While I chose to ignore it, because my feeling controlled me: That day, I heart at least three experienced trader mentioned they were for Bear, which became a part of the source of my decision system; It was near mid-night, I was tired and want to sleep, so I was lazy to reverse my point of view; I believed altcoins move before Bitcoin, which is correct often, but not always. To believe in the feeling, or the indicator, is a choice. In addition, Crazy thing is good example of "High Risk comes with High Reward". For details of the other 8 Seasons, please refer to the indicator page: If you find this idea reasonable, please like it, I appreciate your thumbs up. People who like can ask for Three-Day free trial of "9 Seasons Rainbow Multiple Time Frames Pattern STANDARD Indicator" within 10 days since idea is published. If you love it, or if you hate it, leave your comment or your point of view. People who comment can ask for One-Week free trial of -"9 Seasons Rainbow Multiple Time Frames Pattern STANDARD Indicator" within 10 days since idea is published. 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.
BITFINEX:BTCUSD
by go8686
6