BITCOIN is still BULLISH. Because we are Embedded. I see people trying to short this market!
WRONG, WRONG, WRONG.
You should be
LONG, LONG, LONG.
Whilst the slow stochastic's are embedded - which they have been for 10 days now.
How do Slow Stokes embed? 3 continuous days with readings above 80 on the K&D line.
You now have a indicator that has flipped from overbought to a LOCKED 🔒 in trend.
(This also works in Bear moves with reading under 20)
We could see 55K easily by Friday a return. move to the upper Bollinger Band.
If at any point the stochastic's close under 80... they can regain their embedded status, the very next day ONLY.
Also losing the stochastic's doesn't mean to short, but simply take some chips off the table.
Slowstoch
A Failure Trade Review with SlowStochThe "SlowStoch" was crossed in a over bought level in correct timing, however, the price did not positively move to North with reasonable power and space, compared with previous movement rhythms, which foresee the previous plan could be incorrect. Exit the long order trade at that moment could be correct decision.
XELA looking hot!Waiting for more volume, overall this stock looks hot to me, keep it on your watchlist
and tell me what is your opinion on comments
Practice integrating indicators into my predictions. NIO.I find myself trading only MA's and pattern breakouts, and I want to see what adding indicators will do to my decision making. If I looked only at the indicators here I would say it is coming off of a recent low, and should be fine to continue higher. If all I am doing is reading the signals as they are presented, I would think it's coming off of recently oversold, and is a good time to go long for minimal risk.
*Correction on Slow Stoch: Recently Overbought, and now neutral. Makes me think sell.
*Correction on CCI: Recently Oversold, now neutral. Makes me think buy.
*Ma's are down / Neutral. Makes me think sell.
*RSI: Recently Oversold, now neutral. Makes me think sell.
*MACD: Oversold crossover. Makes me think buy.
*Trendline break: Obviously buy.
*Bull Flag: Buy at breakout.
*Candle formations at turn: red hammer, mix-up candle, strong green body. Makes me think buy.
So the indicators are giving me very mixed signals, and the price action/formations are telling me go long. I don't have good rules for indicators. Or else maybe the mixed-ness should just tell me to find a different stock. I did make up my mind I was trading this before I looked at it... just because I knew I was posting here. More gun at the head behavior... not an ideal trading system.
Oversold looking to move higher after breaking symmetrical wedgeAfter an inside week, EA was on my watchlist this past week and unfortunately fell out of the symmetrical wedge as the market pulled back. Short of a catalyst the low volume was not enough to propel it upward. Closing at just over $130 it seems to have found support from the lowest fib, and with oversold conditions nearly <20 SlowStoch an aggressive and safe entry is provided at the fib levels shown. Most conservative entry would be on a break of the .786 fib with first target above.
FSLY - Weekly Chart Looking BullishFastly has been consolidating on the weekly chart since early November. We are now seeing the Slow Stochastic exit an oversold condition while turning positive for the first time on the weekly chart. I would like to see the RSI finally get back above 50 & hold but I placed a Note icon to point out how to potential bottom had a lot of volume behind it. The price is also rising above major volume levels on the VPVR providing little volume resistance above. All of the relative strength breakdowns are positive on this name as well.
All price targets are noted in dotted green lines using Fibonacci Extensions.
CHD - Bearish Move Looking To ContinueChurch & Dwight has been in a descending channel since early September immediately following a bearish divergence signal. The slow stochastic is showing that the stock may be getting ready to roll over again at the bearish resistance line of the channel.
The last time this stock began to pull back with the RSI & Stochastics at this level, the stock did not pull back enough to become oversold. It is possible the stock will not fall down to the support line so always be ready for a shallow move. The channel is the play until it no longer holds one way or the other.
SPY Daily Chart - Overbought Bearish Divergence Short PotentialAs you can see in the chart, SPY has once again run into resistance at the $302 price range. The slow stochastic is overbought & seems to be turning over. There is also a bearish divergence forming between the price & RSI indicator. A 61.8% Fibonacci extension target gives us a price target that is near the current support line. It looks like a good time to take a short position in the SPY (VIX is also down around 14, good time to expect some more volatility).
BTCUSD 30M Chart Mini Retrace Confirming Utilizing the detrended price oscillator and super slow 610 fib stochastic indicators to help me paint a possible pattern formation.
The stochastic is an excellent indiccator but is limited by its range from 0 to 100
The detrended price oscillator has no boundries!
The stoch is still good for finding divergence and trend breaks.
The combination of both helps you determine if stoch is really oversold or overbought or is just getting warmed up for the next leg up or down!
IOTA/USD end of triangle!! 0.7 or 0.4 ?!IOTA reaching the end! It will have to fullfill its destine and go to either 0.7 or 0.4! according to my indicators, there is no sign of bullish or bearish! All indicators are showing a neutral sign, just like the slow stoch shown! Standing exactly on the 50 and 20 day moving average. So… it will follow BTC on this one! If the market falls, so will IOTA, if the markets go up, so will IOTA.
XRP/USD forming a small TRIANGLE PATTERN ?!XRP going to the 0.618 region of the Fibonacci! Hagging on that small triangle pattern, don't know long it will sustain over that region! Looking like to go to 0.46$. It will probably fall and find support at the moving averages. Im dedicating a bit more time to XRP these days, beacuse i think it will have a major roll next bull run!
ETH/USD going all the way DOWN to 150$ ?!ETH is showing bearish momentum! Consistently lower lows, as well as, lower highs! Still way bellow the 20 day moving average, and i believe it will face resistance there, following with a down trend, going all the way to 150$. Unless the markets change, this is the scenario we will be facing! Next level of support is at those levels. Even thought it had a spike from 170$ to 205$, i'm not convinced!