***UPDATE*** WHO is playing with us? Bitcoin`s anomalies!Hey guys,
just a quick update and short-term-perspective of BTC!
It`s getting exciting!
Cheers and good trades
Irasor
Wanna see more`Don`t forget to follow me for daily ideas and posts!
Ranges
BTC/USD Monthly/30 min intervals w/ comp. fib to establish R/SThe first chart of Bitcoin I posted was was an overall look at the speculation bubble that BTC was and still is today. For FY 2018, BTC/USD is on a downtrend. As Indicated in my handle, I'm a fan of the Fibonacci number sequences in general; however, I formulated my own "compacted" version of the sequence using units of measurement of "100.00" rather than the tool provided by Trading View. In as much as objective observation goes into understanding my compacted fib levels, I provided not only the lines of support and resistance calculated using this system, but the ascending and descending fib levels of 0,1,1,2,3,5 with directional arrows such that any outside observer could understand the methodology used. The horizontal lines established using this system highlight various ranges of BTC/USD valuations within the monthly chart provided with 30 minute increments. Of interest, in the time frame study, range # 3 in both the ascending and descending lines are quite telling as well as range # 5 in the descending. A more detailed analysis can be conveyed onto the the graph given; however, it's theoretical purpose is to establish ranges of predictable price actions and highlight their general direction over shorter time periods rather than a full year.
AUDJPY zone to play - rangesFrom bigpicture, We estimate this product : Range - high stability of force
Major resistance - supply zone 87 - 90
Major support - 76-80
We like to play short in supply zone, long around major support zone, by wait to see price action-pullback signal in zone
For short term trading,
Use support + offset as SL (in case of long)
Use resistance + offset as SL (in case of short)
For Long term trading,
Use ATH / ATL as your SL with low leverage setup
A quick lesson on trading ranges from expansion to consolidationHere's a quick lesson on how to look at trading ranges with TSLA and FB as an example. Expansion to contraction is an excellent tool to help you go a little further on your trading journey.
Learn more by joining the CTP Group. We will teach you how to use charts to do a top down approach on any stock in under 5 minutes just for joining. Look to get 1-4 emails per month after that, if you ever stop learning, just unsubscribe. You won't be sorry.
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BTCUSD / Tutorial : How to avoid getting stuck in a rangeHope this idea will inspire some of you !
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
Indicators used in this forecast are PRO Sinewave BETA & PRO Momentum .
You can check my indicators via my TradingView's Profile : @PRO_Indicators
Kindly,
Phil
If you want to learn more about the basic rules to trade with my indicators here's the educational video link :
BTC LONG OPPORTUNITYI strongly believe that the previous distribution zone (USD11480+) doesn't work properly no more.
We now pulled back towards a new accumulation zone (USD11436+) just to test new highs again.
Trying to understand the trends in Neblio against BitcoinI tried to use the least amount of indicators as possible. Please be critical of my analysis as that helps form a clearer picture. Peace.
$ES_F Bracketing nicely for past 30 days of trading Its Turkey time do you have to trade every day every week when we aren't moving? Nope you don't .. CME_MINI:ES1!
$CRM Trading the 15 min chart - Ranges Update - Lots to learn from this chart.
Notice how I am using the RSI----> Top side trend line breaks. I am using the 14 period on the RSI. Normally I would use the 26 for this time frame. But 14 worked well here. I will compare to the 26 period here in a minute
Only listen to MACD zero line crossings and signal crosses very close to the zero line
Wondering if the consolidation was enough from 8/31 to 9/6 for the chart to remain healthy and continue higher
The RSI are talking about the BTC behavior clearlyI do not like the charts for less than 2 hours. But in a 15-minute TF I observed the following pattern to draw their conclusions.
In the RSI I drew two lines generating a range between 58.7371 and 29.3487 with an average (dotted line) of 43.6458.
When it is in a trend bull moves leaning on the average of 43.6458, when this bear, the opposite.
When it breaks the ranks of 58.7371 it is breaking resistances and supports when it performs the 29.3487
AUDNZD H1: Horizontal Ranges in a Bullish ChannelThe AUDNZD pair keeps moving in horizontal ranges while advancing higher within a channel. It looks like another leg up may be in the making. First, probably toward the resistance around the 0.8 level. The AUD is still relatively strong (on the verge of being neutral though), while the NZD is the weakest currency of all the majors.
