Slope breakdown. Active coin, large volumesThe asset fell for a long time. Got a little selling. A strong inclined level has also formed, which the price has impulsively broken through and is trying to gain a foothold. Volumes are rising. There are grounds for a reversal. I expect a retest of the incline and movement towards the marked targets.
Slope
You Cannot Ignore This Signal 2I accidentally saw an interesting falling wedge pattern at trader @moon333 You Cannot Ignore This Signal For Market Bottom.
Since now it is strongly bearish, I immediately saw a fall pattern.
It's funny, but the trader saw a sign of growth here. Of course, it can beat like that, but the falling wedge can break through not only up but also down.
It was this pattern that immediately reminded me of water that flows down the slope of the surface. The last break (this week) does not look very convincing now and we are still near the support zone.
If the next week's candle closes (absorbs) this fat drop of holders and beacons will fall directly to the floor. Let's see who is right.
Cardano is still in a downslide Not a whole lot of support at these levels. Possible that we could reach .64 cents for Cardano. Unlikely .30 cents but this market is very fragile right now. I personally see possible support around .70 cents. Anything can happen. I drew possible support and resistance lines as a guide only.
Market Structure: Speed and Slope on Multiple TimeframesHey! Hope you are well!
In this selection, there is a showing of the use of angles to measure the passage of time and price.
In the first chart, the 30 minute chart, there is 40 units of time, and 40 units of price. The angle that is correspondent with this ratio spans to the end of the enclosed trend.
In the next chart, the four minute chart, there is 40 units of time and 40 units of price. The angle that corresponds to this ratio spans only to the end of the first trend.
However, the 8x1 angle stretches to the end of the full segment.
By these examples, the concept of speed is meant to be shown. In each corresponding timeframe, there is a speed. For the daily chart, the speed is one day. On the five minute chart, the speed is five minutes, so in making forecasts, predictions, trendlines, and others, consider the speed.
Suggested Reading:
Law of Vibration - Tony Plummer
Michael Jenkins - Geometry of Stock Market Profits, Chart Reading for Professional Traders, Complete Stock Market Forecasting Course
Scott M. Carney - The Harmonic Trader, Harmonic Trading Volume I, Harmonic Trading Volume II, Harmonic Trading Volume III
H.M. Gartley - Profits in the Stock Market
Bill Williams - Trading Chaos, New Trading Dimensions, Trading Chaos 2nd Edition
J.M. Hurst - The Profit Magic of Stock Transaction Timing, Cyclic Analysis: A Dynamic Approach
Fabio Oreste - Quantum Trading
Michael Jardine - New Frontiers in Fibonacci Trading
The Wave Principle, Nature's Law
Ralph Nelson Elliot
Technical Analysis of the Financial Markets
John J. Murphy
A Complete Guide to Volume Price Analysis
Anna Coulling
Mastering The Elliot Wave
Glenn Neely
BNB Slope analysisBINANCE:BNBUSDT
Depending on the slopes you see, the slope of the last wave
It has a lower slope than the previous wave, which is likely
Has a reversal trend upwards but in view
Have to use the long position
A roof should be formed higher than the previous one and then
Apply to the scalp because the downtrend is not over yet
BTC has definitevely entered a new, flatter slope of growth This is the BTC chart since 2012. Those who warned that a higher market cap would result in a slower nominal growth going forward were, obviously, correct.
This new growth channel still technically allows for $150,000 before 2022, but also for prices as low as $20,000. Eventually, (maybe in 10+ years) a flat curve will likely develop signaling BTC's readiness to be used as a stable global currency. But the road will be long and governments are only intensifying their crackdown on currencies out of their control. But we will win....or die in glory.
What Linear Regression Channels are? Introduction to LinReg IndiLinear Regression Channels
A brief info of what Linear Regression Channels are and introduction to Linear Regression Channel / Curve / Slope Indicator Study and one example where Linear Regression Channels are involved with other indicators Pick a Pivot
Brief Info
Linear Regression Channels are useful measure for technical and quantitative analysis in financial markets that help identifying trends and trend direction. The use of standard deviation gives traders ideas as to when prices are becoming overbought or oversold relative to the long term trend
The basis of a linear regression channel
Linear Regression Line – is a line drawn according to the least-squares statistical technique which produces a best-fit line that cuts through the middle of price action, a line that best fits all the data points of interest. The resulting fitted model can be used to summarize the data, to predict unobserved values from the same system. Linear Regression Line then present basis for the channel calculations
The linear regression channel
2. Upper Channel Line – A line that runs parallel to the Linear Regression Line and is usually one to two standard deviations above the Linear Regression Line.
3. Lower Channel Line – This line runs parallel to the Linear Regression Line and is usually one to two standard deviations below the Linear Regression Line.
Unlike Fibonacci Channels and Andrew’s Pitchfork, Linear Regression Channels are calculated using statistical methods, both for the regression line (as expressed above) and deviation channels. Upper and Lower channel lines are presenting the idea of bell curve method, also known as a normal distribution and are calculated using standard deviation function.
A standard deviation include 68% of the data points, two standard deviations include approximately 95% of the data points and any data point that appears outside two standard deviations is very rare.
It is often assumed that the data points will move back toward the average, or regress and channels would allow us to see when a security is overbought or oversold and ready to revert to the mean
please note : Over time, the price will move up and down, and the linear regression channel will experience changes as old prices fall off and new prices appear
█ Linear Regression Study Features
Linear Regression Channel
- Linear regression line as basis
- Customizable multiple channels based on Standard Deviation
- ALERTs for the channel levels
Linear Regression Curve
- Linear regression curve as basis
- Optional : Bands based on Standard Deviation or Volatility (ATR). Bands are applied with fixed levels 1, 2 and 3 times StdDev or ATR away from the curve
Linear Regression Slope
- Optional : Up/Down slope arrows for a used defined period
█ Volume / Volatility Add-Ons
High Volatile Bar Indication
Volume Spike Bar Indication
Volume Weighted Colored Bars
BABA for Long positionLook at the BABA setup on hourly chart, it looks nice for Long setup
1 & 2 : divergence ... price is going down but vwma slope is going up
3 : vwma slope broke previous pivots trend line
4: once slope broke above (3) , price gapped up
Let me know what you think about this setup ...
Long to 0.382 or Completion of Second Square (250%-350% Gain) If you have any questions, let me know. I am too tired to try to explain the thought process here. I'm hoping you will understand this analysis, based upon what you can see and read. The first target is expected around 90 days from now, while the second target is expected around 190 days from now. Buy: 0.5899, Sell: 2.1099 and 2.699, Stop Loss: 0.5600.
Long To Primary Wave Top 2 First of all, excuse the typo in the graph. I said vector CD ratio when I meant AD. Anyway. I used the closing values for point 3 and point 4 to calculate my positive and negative linear slopes. It would seem that the Xop downtrend bottom has been acquired. Although, using point 3's absolute low gives a value of about 37 at point 5 which could be reached next week. If so, this would be a great entry point. Applying the same concept to the positive linear slope on point 4 would give us a value of 77.44 at point 6. I prefer to stick to my more conservative calculation of 73 at point 6. All anyone has to do now is buy and ride it up. I suggest buying GUSH for approximate gains of 350%.
BSV/BTC. Is this is end of BTC?I was taking a look at this earlier. It looks as if this is the bottom. I’m curious to what it could mean. I mean is this the lowest price we will ever get to convert btc bags into bsv. There is divergence and there is a strong negative slope which usually signifies a reversal. I like hearing your idea, let me know if I’m missing anything.
MGI. Will this divergence work?Looking at the chart. Today money gram pumped up well. It went up around 15%. Now it barely made a new high. And there is a divergence against the MACD. Looking at the slope line the trend is turning towards the upside. But I think it’ll go down back to 1.6 or 1.5 before heading upwards.