Swing SHORT Got resistance from ascending channel, Bearish divergence both on 4hr and 1d chart. 9ema, 20sma intersected on 1hr chart.
I assume that price will go down to the lowest ascending channel.
Btw, this is complete technical analysis, i have not put either fundamental or sentimental analysis into consideration.
Sma
BTCUSD 7,14,21,28... EMA BandsDifferent EMA Bands that could possibly show some bull-support and I added an SMA365 and multiplicated with 5 what seems to show a possible market cycle top.
Copy the code and check past cycles 2013 and 2017, tell me what you think.
study(title="Daily EMA Daily", shorttitle="Daily EMA Lines", overlay=true)
sma20Dx2 = security(tickerid, 'D', sma(close, 365)*5)
ma7d = security(tickerid, 'D', ema(close, 7))
ma14d = security(tickerid, 'D', ema(close, 14))
ma21d = security(tickerid, 'D', ema(close, 21))
ma28d = security(tickerid, 'D', ema(close, 28))
ma35d = security(tickerid, 'D', ema(close, 35))
ma42d = security(tickerid, 'D', ema(close, 42))
ma49d = security(tickerid, 'D', ema(close, 49))
ma56d = security(tickerid, 'D', ema(close, 56))
ma63d = security(tickerid, 'D', ema(close, 63))
ma200d = security(tickerid, 'W', sma(close, 200))
plot( sma20Dx2, color=#FF00FF, style=line, title="SMA365x5", linewidth=2)
plot( ma7d, color=#FF0000, style=line, title="dailyMMA7", linewidth=2)
plot( ma14d, color=#FF8800, style=line, title="dailyMMA14", linewidth=1)
plot( ma21d, color=#FFFF00, style=line, title="dailyMMA21", linewidth=3)
plot( ma28d, color=#88FF00, style=line, title="dailyMMA28", linewidth=1)
plot( ma35d, color=#00FF00, style=line, title="dailyMMA35", linewidth=1)
plot( ma42d, color=#00FF88, style=line, title="dailyMMA42", linewidth=1)
plot( ma49d, color=#00FFFF, style=line, title="dailyMMA49", linewidth=1)
plot( ma56d, color=#0088FF, style=line, title="dailyMMA56", linewidth=1)
plot( ma63d, color=#0000FF, style=line, title="dailyMMA63", linewidth=1)
plot( ma200d, color=#FF00FF, style=line, title="dailyMMA200", linewidth=3)
Ethereum Classic Vs USD for 02.08.2021Hay All Traders,
I'm not a financial advisor, Don't buy or sell bass on what I'm saying... PLEASE DO YOUR OWN HOMEWORK. THIS POST IS JUST FOR INFO ONLY...
Hourly Chart is being used for this post!
It looks like a good start to a new move in Ethereum Classic Vs USD. I have just made a "New indicator" that does use the Relative Strength Index (RSI) and plots 3 Simple Moving Average (SMA)s with it.
From what I'm seeing, the price is hitting the top of Bollinger Bands (BB). This may be a good run for it this time. Because it did move up quickly after the RSI did bounce off the 3 SMAs in my indicator, and it still has that line looking up for now, and the RSI is over 70. Plus, all of my indicators are over the 50 line!
I would love to hear what you think about this post!
Happy trading, and thanks for reading.
My Take On "SPY" for 02.08.2021 Hay All Traders,
I'm not a financial advisor, Don't buy or sell bass on what I'm saying... PLEASE DO YOUR OWN HOMEWORK. THIS POST IS JUST FOR INFO ONLY...
Day Chart is being used for this post!
It looks like a good start to the week on the SP500 index. I have just made a "New indicator" that does use the Relative Strength Index (RSI) and plots 3 Simple Moving Average (SMA)s with it.
From what I'm seeing, the price is hitting the top of Bollinger Bands (BB), and the price has come down from the top of it many, many times since December 2020. But it has not been stat under the middle BB for a long time. So the price may move back down, but with the RSI is over the SMAs, this may be a small pullback, and the angle pointing up may help push it higher in days and weeks to come.
I would love to hear what you think about this post!
Happy trading, and thanks for reading.
GBPUSD - LongAB=CD pattern
Bullish Hammer candle on support line (A)
Price finds support on 55 & 100 moving averages.
possible resistance at resistance level (B) and downward trendline (C)
I recommend to move stop loss to entry point at this point since a possible reversal may occur.
Share your view.
Happy Trading!
RSI/SMA/Pitch Fork Support and Res. BTC BREAKING BEAR TREND.Historically a shift to a bear cycle in BTC is marked by a 50% drop within a 2 week period. If you actually look at this latest correction it really only measures about -27%. Thus I feel it does not warrant any closing of short term positions. I actually find this drop to be comparable to the April 2017, prior to the REAL FOMO coming in.
The chart shown here is BTC, derived from the Coinbase exchange. The beginning of the channel shown(also where the pitchfork begins) is where a parabolic shift up began(Representing an explosion of growth), this can be confirmed by an uptick in volume, as visualized by the volume SMA. The purple SMA is 100 length, which historically is also broken when a bear cycle begins. The blue SMA is 16 length. It is KEY that the 16 length SMA is broken for the Bull trend to continue.
The RSI is often said to be obsolete, clearly this isn't the case on 4hr charts. This makes sense since many day traders and swing traders use the RSI oscillator, but on the intra-day charts primarily.
Please like and share!!
SAVA 1-13-2021 LONG TRADE10.63 ENTRY PRICE
9.57 10% STOP LOSS
11.16 5% TARGET
11.69 10% TARGET
RSI above + 50 & 70 levels with a steep incline.
Volume is at 100% +++.
200 sma on an incline showing uptrend.
Price stayed above 50 sma with a brief bearish pullback.
Current Price is a strong large body bullish reversal candle.
SMA-EMA50&200 Play NATGASUSD 30MHello traders, I just completed a trade on NATGAS using SMA_EMA50&200. We can see that the price consolidated above the 200 day average for quite some time, meanwhile the 50 day average and SMA crossed each other earlier. When the price breaks out the consolidation area, it trades between the 50 day average and SMA line, our entry point was on the SMA line which was below. We waited and as the lines got narrow another breakout would occur. We can see that the price broke out from the lines and respected the lines, then we had a clean upward momentum. The reason I like those kind of plays is because I have the ability to have a tight entry point and a tight, identifiable stop loss, and of course more room for profits. the holding period was 3 hours and 40 minutes whereas R= 2.71:1. a really decent trade
HBAR / BTC - Potential Double BottomThe HBAR / BTC pair has reached the (All Time Low) bottom and at the same level of exactly one year ago. Look left and you can see what happend then.
We can see here a potential double bottom on the daily candles.
Wait for a clear reversal to get into this trade.
On the 15 minutes lower timeframe we already see a reversal. The 20 EMA has crosses above the 50 SMA .
If The 20 EMA crosses above 50 SMA on the 1 hour candles we will see a clear start of a new uptrend for the HBAR BTC pair.
My targets for the long run when the 20 EMA crosses above the 50 SMA on the 1 hour candles:
.00000292 (.236 fib)
.00000401 (.382 fib)
.00000489 (.5 fib)
I will take 30% profit around every fib rule and buy it back when it retraces to a support level and makes a new reversal.
!!! Never loose a winning trade !!!
Sheers,
Five types of major support and resistance levelsWant to buy the bottom and sell the top? Want to predict major turning points in a security's price? Want to avoid buying too early or selling too late? Then you need to understand support and resistance levels!
I know a lot of people who mostly trade breakouts. That can be a very successful strategy, and I've used it myself to good effect. But if you buy a breakout after it happens, you pay a "breakout premium"-- especially if you're buying option calls or puts. You'll get a much better price on options if you buy them *before* a breakout or *before* a major change in momentum. How do you do that? Know your support and resistance levels!
Once you know how to identify the different types of support and resistance, you can look to see where several different types of support or resistance coincide . Those will be key price points at which different types of investors who rely on different types of indicators will all buy or sell at the same time.
1D SMITH WESSON TRENDLINE BREAKOUTTrend Line Trading: The Trend Breaker Strategy
This trendline breakout trading strategy uses three indicators, which are the following:
MACD- The inputs for this indicator are: Fast Length= 12 (represents the previous 12 bars of the faster moving average), Slow Length= 26 (Represents the previous 26 bars of the slower moving average), and Signal Smoothing= 9 ( represents the previous 9 bars of the difference between the two moving averages. This is plotted by vertical lines called a histogram).
Simple Moving Average- The inputs for this indicator are: Length 8, Offset 0. (Red line)
Exponential Moving Average-The inputs for this indicator are: Length 20, Offset 0. (Blue line)
This Trend Breaker strategy also uses three different time frames. They are the 4 hour, the 1 hour, and 15 minute time frames. This top-down approach uses these time frames to identify a trend, find a breakout point, determine an entry point, and execute the trade.
Step One to trend line trading: Identify a trend
The first thing you need to do is identify an upward, downward, or sideways trend by switching to a 4-hour and 1 hour time frames. The reason both are used is that it will give you the best perspective in determining a trend according to this strategy. Draw a trend-line so that 3 points of resistance or support was touched. We created this trendline trading system so that you could easily enter trades without a lot of guesswork on your part. Here You can see a funny video about trading levels.
Since this strategy focuses on trends, a trend line will be drawn on the support or resistance lines of the trend. The criteria for a trend is that there needs to be at least three points of resistance or support.
As you can see on the 4- hour time frame this clearly is a downtrend.
Below is the same chart only this is a 1-hour time frame. This is just to get another perspective of this downtrend. It is good to do this to completely confirm this trend by identifying 3 levels of resistance. Trading with trend lines is not easy, that is why it is important to have a clear system of step by step rules to make it easy for you to follow.
Step Two: Identify a Breakout point Trendline Trading System
In order to find a breakout point of the trend that was identified in step one, the strategy will use a combination of the three indicators (MACD, 15 minute SMA, EMA) to identify a break out on the 15-minute time frame. This time frame is used because a trend was already identified in step one on the 4 hours and 1 hour time frames.
As you can see in the chart above on the 15-minute time frame, the MACD lines were crossed. When the crossover of the fast length and slow length occurs, this will signal a new trend. This gave an indication that a trend was breaking. The moving average and exponential moving average lines also crossed. So when the MACD lines cross and the simple moving average/ exponential lines cross wait until the candlesticks go above/below trend line that was drawn in step one, then identify a point of entry into the trade. One of the reasons we like trend line trading so much is that it is straight forward and simple and we recommend all traders have something simple.
So looking at our example above the criteria was met to go to step three because the SMA and EMA crossed and the MACD lines crossed. Also, the trend went upwards and hit our trend line. This is a signal to go to step three.
If neither of the indicators crosses before the candlesticks close and hit the trend line then do not go any further because the trade does not meet the criteria of the rules. The indicators need to show that the trend broke before it touched the trend line.
Note* When our indicators are crossing, the trend needs to be heading toward the trend line that was drawn in step one. This is because the trend is breaking and a breakout is about to occur. When the breakout happens we will discuss when to make an entry.
Step Three: Trend Line Trading Identify a point of entry
Here is a list of the entry criteria:
These 4 things must happen to enter a trade with this Trend Breaker Strategy.
Simple Moving Average Must Cross below the Exponential moving average.
Macd Must Cross
The price must break below or above the trend line.
After the break of the trendline, you must wait for 3 candles to close on the 15-minute chart before taking your entry.
Now we need to identify a point of entry. To identify a point of entry always use the 15 minute time frame in this strategy.
So in our example below, we see that there is an obvious stand-off between buyers and sellers on the trend line.
Once there are at least three candlesticks above or below the trend line, you execute the trade.
In this example, there are three candlesticks that fell above the trend line after our indicators signaled that the trend was broken. At this point, you want to make an entry. Also, read about Trader's Tech and Installing MT4 EAs with Indicators.
Step four: How to Trade with Trend Lines: Determine where to place a stop loss. 1 Use Pong Position Icon on left side toolbar. Adjust Top Prifit line until center text says 1 to 3 risk reward. This will show you where SL should be placed. OR
Place a stop loss past the last support and resistance levels in the trend itself. Again, use the 15 minute time frame to find this point of resistance/ support level.
In the example shown below, place the stop loss below the last support level. This will ensure that if there was a bearish move, it will hit the last point of support and make a bullish move upwards.
You can clearly see that there are two levels of support in the above example. Use the support levels to determine the stop loss. The rules were to place the stop loss below the last support level which is why you see the stop loss below these levels.
Step five: Trendline Trading System Exit Strategy
The plan clearly identified a trend, a breakout point, point of entry, and determined a stop loss. The final step is to determine the exit point. This Trend Breaker strategy uses 1 risk to 3 reward ratio.
What that means is you have the potential to make 3 times more than you are risking.
Use the Long Position Icon on the left side toolbar. Adjust top profit level until the center text says 1 to 3 risk reward.
Conclusion
This Trend Breaker Strategy is simple and yet effective. There is no need to stress and worry that you made the wrong trade. You follow the rules and do not let anything else make you back out of a trade. If it follows the rules, execute the trade with confidence.
Always remember to only be risking no more than 2% of your account!
This will help you identify daily trends and points where they break. There is no need to force yourself into a trade. If it does not follow your rules and guidelines then search for another pair to trade. Feel free to check out one of our other trading strategies.
🎯 USDJPY is rejecting at 200SMA and FibonacciFX:USDJPY is rejecting off of 200sma and Fibonacci currently, which means it will retest the trend line shown and potentially break below, following the main trend.
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YFI/USDT - How to play the Game on Daily CandlesYFI (YearnFinance) - 200% Gains
I received a lot of question to explain how to play the game with the Advanced Buy/Sell Indicator.
This is one of the easy strategies:
Setup:
- Set the candle bar style to "Heikin Ashi" (Be aware that the "Heikin Ashi" candles don't provide the actual price)
- Add the Advanced Buy/Sell Indicator to your chart
- Add an alarm when a Buy or Sell signal got triggered
- Use this setup on trading pairs with a lot of Volume (Top 100 trading pairs)
Very Important:
Be patient - Don't panic - Trade Emotionless
When to Buy:
(1) Wait for the buy signal on the daily candles
(2) Wait for a clear reversal on the 1h candles. When the 20 ema crossing up on the 50 sma
Again:
Be patient - Don't panic - Trade Emotionless
When to Sell:
(3) Wait for the sell signal on the daily candles
(4) Sell if you are happy with your gains or sell the latest when the 20 ema is crossing down on the 50 sma
Remark:
If you go to bed use a stop loss. You can always buy it back.
If you are around use alerts.
Never Loose a winning trade
Cheers,
🎯 An opportunity from earlier this morning with GBPUSDWe have been running a fresh long with GBPUSD after taking profit from yesterdays analysis this morning. Thought it would be worth publishing the analysis now that the market has had time to settle. I would say this trade is still available for an entry.