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Scmrtrends

$Lisk approaching a critical mass eventAt first blush there seems to be a lot going on here but spend just a minute to examine the trend lines and thier origins. They're showing you where we'll find support on a bearish move, or resistance on bullish move, far into the future. This is a weekly scale, log chart. Fundamentally, Lisk hasn't been the most exciting blockchain project. However, what they have going for them is consistent development, a low bar for entry to devs already very familiar with JS and a track record of relentless development and sound business practices. Technically this chart *strongly* favors bullish continuation. A target #1 at $10.44USD on a bullish breakout of the symmetrical triangle comes with a healthy R/R at about 5.5. This target #1 also coincides with a D completion on a bearish bat pattern at that same level. A full send move on strong volatility to a target #2 at only $40 comes with a whopping 18.46 R/R. Both scenarios assume a stop loss set at minimum $2.15 In any event, my target is north of $100- then things start to get interesting. Good Luck!
BINANCE:LSKUSDLong
by ninjabenja
10
Ethereum continues printing grey candles! Ethereum continues to trend sideways in this range and as we can see on the chart using SCMR, indecision is the story being told by looking at the candle for the past few weeks. After breaking above the triangle and testing resistance we have returned right back into the range and yet again await some type of volatility to have a sense of direction. Until we get a stronger move, sitting on your hands is probably the best play here. Thanks guys
BITFINEX:ETHUSD
by CM_Trades
Bearish Bat Pattern off an *Easy* range trade. The support at this level has been impressive, forcing price to trade in a tightening range for more than a week. What's more impressive is the R/R on a long position from this level (however unlikely). I make no apologies for not being a fan of Ripple and wouldn't mind if it just died, but if we get a break out to the upside it should prove to be a dramatic and profitable move. Originally I had been charting a symmetrical triangle on the last two weeks of price action (daily TF) but we've pushed so far to the end of the triangle, I no longer consider it truly valid. More appropriate and safer, is a taking a trade off the "range box" in either direction. Because of the reasons stated above, I'm aiming at a long. A conservative (smart) entry would be taken at a candle close outside the box. An aggressive entry would be taken at our current level with stops at a or below the 'A' point of the bearish bat pattern. My recommendation for a "safe trade" is to wait for the confirmation candle to close outside the box and then enter. If we break below, targets would be previous SCMR Support zones, illustrated by the dots on the chart.
Long
by ninjabenja
3
Ethereum (ETH): The downtrend that never endsThe chart is the long view on Ethereum, and boy-oh-boy it is hanging on by a thread. Price is trying to make a triple bottom historically and a double bottom of this bear market in the 0.0023-0.0021 range. Every time it tries to breakout it gets rejected at the downtrend resistance. Best guess says that the only people that could be selling this much coin would be either be from the ETH team or Augur’s ICO/IPO ETH wallet is being emptied. This is one more reason to take the safe long versus accumulation of a position. If an entity has a lot of coin they can short the market while selling down a very long way. Considering the EMA, sloping resistance trend, and final support zone are all converging it seems far more prudent to go long after the first green line is surpassed. If the final support does not hold there is noting stopping it from free falling to 0.001, and that is not a long you want to be stuck with. Chart is powered by the SCMR Trends Analysis Suite on Tradingview.com www.coinstreetnews.com
by CoinStreetNews
3
Long opportunity on Bitstamp & Bitfinex 4hr chartThis chart is Heiken Ashi with SCMR Trends. Long/Buy entry is at a break above the potential bullish reversal candle (blue) with stops below previous candle low. Once the trade is underway, if price action prints a neutral (gray), stops should be moved up to the low of that candle to reduce risk. I might also consider moving stops up to structure around 240 if we break through the double top @ $242. Take profit will be either a cross down of TSI or completion of our advanced pattern, which ever comes first. The set up here is pretty good as far as R/R from our entry. Also, Date Range Forecasting™ (see below) says we need to break 228.77 in the next 4 days, 16hrs- or we should expect higher highs.
BITSTAMP:BTCUSDLong
by ninjabenja
3
SCMR Trend change tradeEdit : If you kept your stop at $251.52 ... then the stab down to $252.50 just stopped you out. Perhaps my T/P level was too ambitious but in all I'm happy with how this trade went. After speaking to SPYderCrusher about this trade he explained, when trading SCMR Trends in this way, it is advised to pay special attention to follow up trend color changes (see below). For example: price spiked to $262.90 (still green bar) and then price immediately pulled back lower to follow with an orange pivot bar. At that point we should have moved our stops to reduce our risk, as the trend was no longer constant green/bullish. Aggressive stop would have gone below the pivot bar low @ $257.64; conservative stop would have gone below the first gray bar low @ $254.80. In both cases we would have been stopped out of the trade, still in profit. See chart posted below. Original : We've crossed up on Stochastic 4hr, SCRM trend changed from neutral (gray) to bullish (printed a "weak" bullish candle, dark green) and we just got the long entry signal by price breaking above the first green "signal" candle. We've already challenged the last dynamic resistance level and I've got a potential t/p on the trade at historic horizontal resistance @ $265, just under the 200 MA (yellow line)... and also aligns with a volume gap. Stops under previous gray candle at 251.52
BITSTAMP:BTCUSDLong
by ninjabenja
6
Descending Wedge Progressing to CompletionI've been watching the weekly candles slowly creep towards our original trendline with a certain amount of skepticism, since the $500 level. The blue trend reversal (indicator from SCMR) was supposed to have signaled our rally into the new bull markt. However, that rally was confirmed failed by November 23th and it was in no uncertain terms, the writing on the wall for bearish continuation. As if to reinforce the obvious, the last major Daily support has failed at $340 and we're now seeing a new 16 week resistance level printing over our heads at $380. This is all despite a fair amount of really good fundamental news with PayPal and Microsoft BTC payment adoption. While I do make my living trading bitcoin (exclusively), I feel I should restate here that I do not profess to be a financial consultant or "an expert on bitcoin, a bitcoin expert." I do however, have *mad ninja skills* and it doesn't take a Satoshi Nakamoto to understand that when more and more large businesses adopt third party bitcoin payment mechanisms (bitpay, coinbase etc.) via immediate BTC to USD exchange mechanisms- it invariably equals increased sell pressure on the market.
BITSTAMP:BTCUSDShort
by ninjabenja
12
GOLD Daily Upside Reversal -- Dynamics Behind a $GLD ReboundThis chart shows GLD, the major ETF proxy for Gold prices, on a Daily timeframe. Plotted on the chart are our SCMR Trends™, which accurately identify price trends and behaviors , and SCMR Dynamic Levels™, which dynamically plot support / resistance zones. Both are available in the TradingView App store. Today is significant because after a lengthy decline in the price of gold, we see an "O" plotted under the today's bar, which shows a "Confirmed Upside Reversal". In breaking down the nuance of this, it's not saying price is in an uptrend yet (though it can certainly end up as one, indicated by green candles) but that the relationships between this bar and previous bars suggests that a reversal has occurred. ---> That makes this bar a good entry with a stop under the current bar low or last blue bar low. I use the Dynamic Levels™ as targets and they are shown as well, 116 - 120 is a good first upside area for this rebound. RISKS: 1.) Possibly that this reversal fails. In that case the software will update with an X, but for all intents, can just use the stop under range low to suggest the reversal is not happening.
AMEX:GLDLong
by SPYderCrusher
7
EURO Decline -- Is it over? NO! No Evidence of Bottom YetThis chart shows EUR/USD, the Euro Currency, on a Weekly timeframe. (NOTE: Updated chart below, accidentally clicked off the Dynamic Levels that were supposed to be in the above chart) Plotted on the chart is SCMR Trends™, which sequences price to find the correct behavior and identify good setups. It is available (along with other indicators in the package) in the TradingView Marketplace App store. The point of this post is to state that on the larger timeframe, the Euro has provided zero evidence that it is done trending down. No -- it is not yet reversing. This is a relevant observation because the conventional wisdom is that the price is oversold -- and yes, it certainly is -- but that currently there is no actual evidence of reversal, so to bet on a longer term reversal here and now is not the right move. We would need more data from the market that suggests a reversal is actually underway (such a Blue unconfirmed reversal or an "O" plotting under price, a confirmed reversal). This may come to pass sooner than I expect, but the important thing is that it's not happening now. Looking in the past, the Euro was in an uptrend and provided several good signals from confirmed reversals up ("O" under price) and the Pivot bars ("P" above price). Today though, all we see is red (a downtrend). My take is that the market can trend lower for several more weeks before a true low (which is still theoretical at this point). ------------- Let's look briefly at the economic and fundamental reasons for this move. 1.) EU recession. Recent data from the ECB shows that Eurozone has negative growth. The ECB is not allowed to print -- only issue bonds -- so there is a *huge* cost incentive to weaken the Euro to boost demand for these bonds, especially if they are settled in dollars. 2.) The other side of the coin is that a weaker currency can help boost foreign investment, which adds demand to a stagnating economy. Both of these reasons, structurally and politically are why I believe the strong Dollar and weak Euro can persist longer than many expect. RISKS: 1.) Perhaps the ECB will change its tune. I doubt this 4.) Not a recommendation to buy or sell, just an example the ways in which you can combine structural fundamental analysis with price action, which while oversold, is not yet actually indicating a reversal (even if only temporarily).
by SPYderCrusher
17
$SPY - Huge V-Shaped Rally, New All Time Highs - Now What?This chart shows SPY, the major ETF proxy for the S&P500 index, on a Daily timeframe. Plotted on the chart are our SCMR Trends™, which sequences price to find the correct behavior, and SCMR Dynamic Levels™, which dynamically plot support / resistance zones. Both are available in the TradingView App store. Following a confirmed reversal on Oct 20th (see "O" under price there), the market has continued the trend of the past 15 months by rallying in a straight line to new highs. Although the reversal was easy to spot, the relentless run now creates a (familiar) problem: Do you chase up here? My take is that the market is more likely to go rangebound after such a strong advice but I do not yet see evidence of a new material decline on the horizon. How to plan for the next steps? For short term traders, 2 days - 1 week horizon: 1.) Two former Dynamic Supply™ areas and one recent demand area are plotting under price in a range of $196 - 199, so I strongly expect some demand there on a dip. This is a good entry because of what I consider the adverse scenario. Choppy market. This should be near a range low, at least on the first try of the level. 2.) According to SCMR Trends™, price is currently painted green, so if it wasn't obvious already, the price is in a strong uptrend. Strong uptrends rarely roll over and die, usually you get at least one chance to buy a dip. RISKS: 1.) A new material bad news event can change risk appetite, so the dip or range may be smaller than expected. 4.) Not a recommendation to buy or sell, just an example of how to use the indicators to tackle a common problem in today's market where everything is a V-shaped rally to new highs. Other Notes: 1.) Both Sector (Industrials) and Sub-sector have been very bullish, so the market of stocks as they say is generally healthy up here 2.) Large Caps as an asset style and Nasdaq have been outperforming. 3.) The most bearish scenario I can think of is this new high is a trap, then we reverse into a range. Given that Nasdaq is way above the highs, it lends to support to a dip buy rather than a breakdown (as in, SPY in the range will coincide with QQQ ranging above old highs which is still bullish)
AMEX:SPY
by SPYderCrusher
12