What today? Bitcoin analytics 10/11/18We welcome you, our readers and subscribers! The market is very terrible now and does not give us the desired volatility, but everything is ahead.
Yesterday we wrote that the angle of incidence is too steep, so such trends often break, which is what we saw.
Ideally, we expect to see the flat, then price growing. The upward target is in the 6430-6470 area. It is also possible to form the right shoulder of the “Head and Shoulders” figure, which is able to send the price down, but you should look at the situation with a lot of controversial points.
There are many indicators already tell about growth, StochRSI 4H for the first time in a very long time, fell down to the oversold level and rubs near the zero level, and this is a very strong signal for long. In addition, a convergence in price and volume was found. It is not very strong, but the volume is one of the main pricing factors, so convergence is also a good buy signal. MACD has also corrected and has already gone to a return, the forces of sellers are running out.
The ratio of shorts and longs on Bitfinex is simply worth it and it is very strange. Previously, these positions were very active, but now they just stand, a major player has not yet decided on the entrance.
That's all for now. We expect testing by indicators.
Reversalpoint
Is it far to fall?? Bitcoin analytics 09/11/18Hi, traders! Our team decided to share with you ours ideas on the market.
As we wrote in our previous idea, the fall is probably will continue. The uptrend could not keep the price, so there was a breakthrough of support and even managed to form a local downward trend.
It is interesting to us that a local downtrend has formed, but the angle is very steep. Usually, such a fall is a correction of the past movement, but here is a controversial point, since the correction has already gone very far.
Observation shows that such trends with a very steep slope do not last long, while sales volume are falling. Oscillators are talking about a strong oversold, and the MACD went to bend over.
Based on what is written above, a break in this decline is possible at any time, but we admit the option of reducing to global support at 6250. We don’t admit it anymore, and we give 80% probability the stop should be there.
Thank you for your attention!
Is short canceled? Bitcoin analytics 04.11Hello, friends! Lemon Insiders team stay in touch.
Our short has gone on stop and we revised the schedule. We came to some conclusions:
1. There is no reaction to breaking through the global descending (the volume do not jump out, there are no impulsive sales)
2. We continue moving in the flat range of 6150-6500. Only exit from this range to one of the parties will be able to predict further movements.
3. Long with short are crossed. And if we consider that major player took the short, we can assume he closed his short. This action suggests that we are unprobably to see a sharp fall in the near future.
4. MACD shows bulls hold strength, although the minimum, but they made it so that the price went higher without a strong correction. This tells us the buyer, although weak, but clearly stronger than seller.
Locally is possible increasing. If we break through the level of 6500, we can fly up to 6650-6700. Today is generally a beautiful green day, the altcoins are also well pumped, but somewhere a correction should begin. It will be either from these points or higher. But it seems more there will not be a strong correction and we will simply continue flat in the previously specified range.
Thank you for your attention!
We are testing the global downward.Bitcoin analytics 03.11Hello, dear readers of our ideas on TradingView!Lemon Insiders team has prepared for you a new daily analytics.
So far, everything is going according to plan.On the daily chart, we have not yet established above the global downward, and at 4H, we are actively testing it.Indicators tell about continuetion decline and a weakening buyer.The price has gone beyond the global downward, but has not gone far and without volume, so this movement can be considered false, or you can just slightly move the global downward slightly higher.
In any case, the exit from this triangle should be with volume, but so far it is not.
We want to note that the shorts are actively began to decline.The reduction was in growth, which suggests that it was closed by the crowd.In addition, the longs has grown a bit on the decline, it has done by major player obviously.BUT would be stupid to start up from this price, because Bitcoin, as history shows, unfolds with squeeze.That is, it is necessary to make a squeeze down and only then go higher. And exists another option for reversing Bitcoin, it is a long flat and exit up.Bitcoin has not yet turned around.
We hold the position, we have a great entry point.We thank you for your attention!
We continue to move on the classics. Bitcoin analytics 31.10Hello buddies! Lemon Insiders team keeps in touch again and we with new analytics and expectations of Bitcoin movement.
If you have read our past idea, you know we expected a long and showed with an example a good "fractal" that played well and we and our VIP subscribers took a decent profit!
What now?
Everything moves on the classics: Bitcoin continues to move in the large flat range of 6150-6500 and jumps up the stairs, sometimes falling out of the local flat and still being in the global one.
We expect an exit from global flat upwards, but we allow squeeze down.But this is a topic for another idea.
In nearest 1-3 days we are waiting for lateral movement, which logically should go down, but not very far.StochRSI tells us that oversold exists, besides MACD says that bulls are not strong enough either.Analysis of the volume showes that the bulls, of course, showed strength, but immediately lost it on the next candle. The market is bearish.
Probably, the price will rise to a global downward and rebound from it down.If the output will be higher downward, also with the big volume, the situation may turn into bullish, but it is hard to believe in it now.
Thank you for your attention!Trade correctly, wisely and with good profit!
An interesting observation. Daily bitcoin analytics 30.10Hello! We still keep long and yesterday's idea has partly won back, but the price did not reach our take profits quite a bit. Therefore, we continue to keep long and want to add to those points another very interesting observation.
We looked at the chart, used two indicators: RSI and StochRSI. We noticed that when the indicators show a complete correlation of falling into the oversold zone, the price after a while makes a good upward movement.
In addition, we noticed accumulation that the price passes before the fall, which was in the today case. The price hit for supporting the lower boundary of the new global triangle and did not break through the support at the level of 6240-6250. The MACD indicator still shows the weakness of the seller, while small TFs are becoming more 'bullish'.
Thank you for your attention! With you there was a team of traders and analysts Lemon insiders.
Bitcoin Daily Analysis 25.10Lemon Insiders team again welcomes you to our daily analytics.
For several days in a row, we have been trading scalping in the private channel. There are various reasons for this: indicators, repeated patterns for candles, graphic patterns, volume behavior.
As a result, we came to the conclusion that the whole flat in the area of 6365-6490 with rare exits higher/lower. We have designated zones where we open/close positions. Stops are on 20 points higher/lower areas.
So far we see only such an opportunity to extract at least some profit, since the market in the annoying flat and it is unclear how long it will continue, but we think this will end on the 26th.
In the meantime, we trade what the market gives. Thank you for your attention!
Bitcoin Daily Analisys 24.10Hello! Lemon Insiders stay in touch and we have prepared a new analytics.
T he last analysis didn’t go according to the plan, and it’s a sadly, but in it we were already in a profitable position, so we simply closed in breakeven.
Now we want to share our observations. The market has been walking flat for a long time, and each time it shows us the same movement, which can already be seen as a kind of pattern. The price goes up, the green candle leaves a good shadow, after which consolidation takes place for 1-12 hours and the price moves down. Similar situations are indicated by rectangles in the graph.
Also, this reduction supports the Stoch RSI.
We would like to draw your attention to the fact that the longs began to grow, which indicates that long has been accumulated by a large player, because the longs in the flat position do not grow if the crowd is trading. This is the first sign that we can get up from the flat, but this is in the more medium term.
We thank you for your attention!
Bitcoin Daily 23.10Hello, Lemon Insiders team keeps in touch and we have a new daily analytics!
In the last idea, we said that the likelihood of a rollback is very high, which is what happened. We took the profits from this movement and already stop in the breakeven. At the moment, a descending channel has formed, which, judging by everything, will break up.
StochRSI 4H tells of the readiness to go up, while 1H wants another correction down. This correction just fits into a possible reversal of 4H and 1H.
Volumes are still on the seller’s side, but this point is controversial, since we are moving 100 points in flat. MACD says again about the weakness of bears, but also tells the seller dominates, though not much. The movement has slowed down and it is very probably that we will sink even lower, from where growth can begin.
See the big volumes would be good so that you can confirm a confident break through of the descending local channel.
Thank you for your attention, have a nice day!
Bitcoin Daily Analisys 22.10Hi, traders and readers of TradingView. Lemon Insiders team has prepared daily analytics for you, where we will tell you what we expect to see from the market in the coming days!
Yesterday we wrote that we expect a correction, which, in fact, happened. At the moment, the bears have not run out of power, and therefore we are waiting for one or two more tests of support at 6370-6360 (as it was last time), from which we will again pick up a position in the long, but for now - short.
The 4H Stoch RSI is already entering a zone of a possible reversal, but, as practice shows, it does not turn around so quickly. Therefore, it may be in the zone of another 3-4 candles and only then turn around, so that a fall on it is still allowed.
At 1H MACD, the strength of the seller is clearly visible, which is not dying down yet, but not so strong as to shed the price much down. This moment also tells us that re-testing of support is possible.
We thank you for your attention! Profitable trades to you!
Bitcoin Daily Analysis 19.10Hello, TradingView readers and our subscribers. Now we, the Lemon Insiders team, will tell you the situation as we see it!
In our past ideas, the upward channel was clearly visible, although the “bullish flag” was clearly visible on the Bitfinex chart . Here, yesterday, the spread began to shrink at the expense of Bifinex and now it is $ 175, and just yesterday it reached 250.
Actually, yesterday the price of BitMEX dropped from the ascending channel to support (bold dotted line) and is still held there. Yesterday, there was no strong pressure of the seller on BitMEX, however, on Bitfinex too. We actively watched the order book and there were no real large sales in the market. Just all moved orders, as if deliberately lowered the price.
The fact that there was not a strong pressure of the seller, the MACD indicator tells us, this is also confirmed by the volumes and continuous doji candles along with absorption. This only tells us that the spread is artificially reduced and the BTCUSD rate a bit from this.
The shorts with longs have been slightly reduced, but there are still a lot of shorts and they need to be taken out, and they will be taken out strongly. Even if the candle for $ 700 could not pacify the bears, then there will be more attempts. If the manipulator is firmly set to go down, he will not pull 70% of the market in shorts.
The StochRSI indicator at 4 o'clock begins to unfold, MACD along with it. Bear pressure and so extremely weak, so it also weakens. Now, a “bull flag” figure has been formed on BitMEX, which works upward by the length of the flagpole, i.e. There is every chance to send the price at the price of 6550-6600, to the global downward.
We also do not want to exclude the option of falling, because in the medium term the market remains declining. If support at 6360-6370 does not sustain, provided the support volume, the price may well fall on another support - 6240-6250.
Bitcoin Daily Analysis 17.10Hello, dear traders, subscribers and visitors of TradingView! The Lemon Insiders analysts team has prepared for you a fresh daily analytics, look!
We continue to move in the ascending channel at 1H and 4H. Today is the expiration of futures, which means that the graph can again draw a "helicopter". True, with each expiration, the chances for another takeaway become less as the manipulator notices that traders have already become able to earn on expiration and increased volatility, so he will draw new movements on the chart.
We are more inclined to the fact that the price of expiration can be lowered a little to 100-120 points maximum, after which the growth will go up to 6550-6600. The manipulator is unlikely to allow the crowd to fulfill its plans; it will be more profitable for him to close the already open shorts in the footsteps, and only then go down.
Thank you for your attention, subscribe, comment. Our team is ready to discuss the trading situation!
GbpUsd Daily: Reversal or Consolidation The Gbpusd is an interesting pair that has bucked the trend against the dollar. With AUDUSD, NZDUSD, EURUSD in obvious downtrends, the GbpUsd cleared out many stops at 1.3025 in yesterday's intraday session after making a new low at 1.2930. RT is of the view that there will be even more GBP Strength if 1.3045 is taken out by the bulls today.
USDJPY Reversal PrintedUSDJPY market after a long extension of bullish momentum market printed reversal/rejection from strong resistance level 114.58-115.00.
Market may do corrections as it is facing a good reversal zone. Is it against the trend so we cant expect a big or continues fall but correction is expected in the area 115 to 113. stop above the resistance level.
Disclaimer:
Any comment is not a trading recommendation or investment advice but a thought shared by author who is not professionally certified or regulated to provide market research, analysis or investment advice. Author cannot be hold responsible for any loss occurs because of his comments. Manage your own risk.
Trend Reversal Alerts Strategy in DepthThis idea based on one of the simplest trading strategies in the world Trend-Reversal-Alerts-Strategy that I shared recently. Now I want to spread few words about how you should make it perform better with help of buy and sell resistance and I will show you the exact methods.
But first, if you still not sure how this strategy tester is actually work you should definitely read this:
TradingView Blog:
EN/new-features-improvements-strategy-backtesting
RU/new-features-improvements-strategy-backtesting
Also I want to recommend an article that I googled. It examine in depth and gives a perfomance summary on every single subject:
tradingview-strategy-tester-performance-summary
According to Buy/Sell Resistance. When new candle created with assigned Open value, Resistance = 0. In the second Close start moving it changes so called Resistance of that candle. It could be negative or positive. So by setting resistance you can tell this script to enter/close your trades only when Buy/Sell Resistance values are greater or equal than your settings values.
* You should tweak it only after all strategy tester options are ready. Very important!
I do it in a simple way : open settings -> Buy Resistance = 1 -> Sell Resistance = -1 -> then
if nothing change -> Buy Resistance = 1.5 -> Sell Resistance = -1.5; otherwise -> Buy Resistance = 0.5 -> Sell Resistance = -0.5
and so on...
* This is very important to do to eliminate in the future "resitance issues" - when you can't enter/close trades because of your resistance settings.
That is all for now.
Take care and bye bye!
EUR/USD update possible reversalSmall times frames it looks like its a possible reversal for EUR/USD
Everyone incluiding me is bear on eur/usd , but keep an eye cause this formation could be a good rally for EUR if it breaks 1.16 , swap to long !
IF NOT , maintain position short ( main analysis)
wait always for confirmation :))
$XBI $LABU Turtle Soup BUY on the DAILY (Linda Raschke pattern)$XBI $LABU closed above previous 20 DAY lows XBI(94.01)|LABU(91.30)/ after making new 20 day lows XBI(93.99)|LABU(90.08). This sets up a power reversal pattern on the daily chart. Stop = prior 20 DAY lows. Low ADX (15) enhances "reversal effect". See my previous "Turtle Soup" charts & outcomes to define projections. Trail stops.
ELY forming Holy Grail buy in the DAILY (Linda Raschke set up)Market retreats to 20 period EMA after making new highs (for long positions)/lows (for shorts) with ADX (14period) >30. Some people use the 20 period SMA . Projection is a retest of the highs. Trailing stop. ***Failed grails tend to move (painfully) in the opposite direction.
Setup invalid below daily EMA (19.82)