Stochastic Oscillator
Bitcoin are you down down down down down? (BTCUSDT)Good day trader friends! I wanted to write a new short idea on BTC, as it's clearly headed down. Yes, the price action speaks for itself, but what about the indicators and supports? Where will BTC land?
For the indicators my subtitles on the 4 hr chart may be a little dramatic, but I think you get the point:
-RSI below 50 AND headed further down. Yes it's in the "oversold" zone but there are no signs of divergence, so we expect for price action to continue downwards.
-MACD in a similar situation: below 0 and going further down.
-Stoch is also in "oversold" zone, but unless the price action is ABOVE the 200 EMA(blue), this is not a strong signal to buy. You can also look to Stoch for divergence, in which there is none in this case. Yes, it may be "double bouncing" but this double bounce is not showing any positive divergence.
So where will our bitcoin beauty land? Well, when she fell from heaven last time, she found some support at the 8300s.. More recently however on the way up, the support was found in the 8500s. Since more recent supports/resistances almost always hold more weight, I imagine this will be the next life support for BTC if it needs it. This will be the target for this trend unless anything marks a turnaround.
Lastly and just as important: BTC has been seeing some crappy news very recently... I know crypto is usually a little more resistant to crappy news than the normal markets but I saw how the it affected BTC on the recent rally up. It would be foolish to think that the recent news wouldn't push it lower as well. I'm not big on writing about fundamentals on here, but it's always important to consider.
Hope this helps in long term/short term goals.
Stay healthy and be careful out there <3
-Doc
EURNZD 4H New Trade Setup - RSI 80-20 Reversal LongPair created a new swing low on that invalidated the 1st 4H trade setup.
Now the rules of the RSI 80-20 Reversal have been met.
1st Swing Low (SL)- oversold RSI - 2nd new Swing Low - buy stop at high of 1st SL
New 30m Timing Trendline drawn
Entry at 4H Buy Stop
Take Profits will be shown on update
Qwark vs BTC (mid&long term opportunity invesment 569% profits)I would like to share a quick analysis with you about Qwark (QWARK) against Bitcoin 2.29% ( BTC 2.29% ):
We will be looking here mainly at the daily chart . Here is what you can notice at first glance from the chart:
We can clearly see after QWARK broke out the falling wedge and reached ATL at price 0.00000845 started to pull back to our buy zone which is the green area .
- Indicators: MACD , STOCH , ADX & DMI
MACD : showing negative value which was caused by recent selling off after BTC correction .. eventually with any move it will support the bullish run .
STOCH : is at the over sold Area .. with more volume this should back to higher values ..
ADX & DMI : ADX showing strong move ,
+DMI showing strong buying inside the consolidation zone ..
*** Instructions
Buy-in: 0.00002100– 0.00002510
Stop-loss: 0.00001360
Targets :
1- 0.00003500
2- 0.00006016
3- 0.00007613
4- 0.00009210
5- 0.00011100
6- 0.00014380 (OLD ATH) AKA "All Time High"
FINAL NOTE :
- This coin for mid and long Term investment specially with current Team project of issuing Crypto Credit Cards .
- Use the targets as reference points to sell when you want to take profits. Not all targets are meant to be reached. 100-300% is more than enough profit, and, consider starting to selling small amounts of your coins as soon as you are 30-50% above your own buy-in price. Just some quick suggestions.
- Qwark reached previous ATH at 17th of August 2017 .
Gold short?Hopefully everyone had a great 2017 and learned a lot!
The first idea for this year by me is to short gold. IMO gold needs to calm down after the short term rally. I see gold bearish until the moving averages are hit by the price action and a nice bear pullback has taken place.
This is just an idea, not advice!! Good luck everyone!!!
Bitcoin at the crossroadBitcoin is at the crossroad. It is swinging around 14642 while the Stochastic indicator suggests that the long-term uptrend is still intact. As long as the Stochastic indicator is above the blue dotted trend line, we can assume a bullish scenario for BTCUSD. However, once that blue dotted trendline will be broken to the downside, a very bearish scenario will take over with a target of 5568 USD per Bitcoin. We know that the governments of the United States of America and of Bulgaria confiscated Bitcoins worth more than 3 billion US-Dollars. They probably want to sell them all. www.coindesk.com The price of the Bitcoin will mainly depend on how they flood the market with their confiscated Bitcoins during the next few months. I expect a high volatility and many good opportunities for buying cheap Bitcoins.
Illinois Tool Works (ITW) Will Drop At Least 3 Percent SoonIllinois Tool Works Inc has been trending up for more than two years. As the stock moves up, it naturally cycles up and down maintaining its upward bias. Some technical indicators are displaying major signals that the stock will soon drop. The relative strength index (RSI) is at a rarely observed extreme level; a combination of indicators also point out trouble on the horizon. The stock will most likely continue its upward trend over the long-term; but this next natural cycle down could impact investors. How bad will history repeat itself?
The RSI is at 84.5283 and tends to determine trends, momentum, overbought and oversold levels as well as likelihood of price swings. I personally use anything above 75 as overbought and anything under 25 as oversold. The RSI is currently overbought and is at one of its highest levels ever. It can only take the stock down from here. The positive vortex indicator (VI) is at 1.1854 and the negative is 0.6629. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. The opposite is true when the negative is higher.
I have created an algorithm (called the SAG gauge) which signals when stocks are truly overbought and oversold. The algorithm indicates when a particular stock meets multiple criteria culminating in an oversold or overbought signal. The overbought signal recently occurred and could occur again over the next few days. Seeing the other signs of a downturn, proactively positioning short for the stock's decline prior to seeing this verifying signal could increase profits.
Upon back-testing this indicator, it has signaled overbought status 104 times dating back to 1980. The stock drops at least 1.75% over the following 35 trading days in eighty percent of these occurrences. The stock drops at least 3% seventy percent of the time and forty percent of the time loses 5.75%. Even though a drop does not always occur, these numbers combined with the following statistics have instilled confidence that a greater than 2% drop is looming.
The RSI has been at or above its current level ONLY seven times in the history of this stock. The stock always drops over the next 25 days with a minimum drop of 0.93%, median decline of 2.52%, and average drop of 4.58%.
Only one other time since 2000 was the RSI and positive VI at or above today's level at the same time the stochastic oscillator was overbought with the earnings call three days away. The stock dropped 5.21% over the following 14 trading days on that occasion.
The technical indicators for this stock have been in the same or more extreme positions simultaneously only three times in the history of the stock. These all occurred more than 30 years ago. The minimum drop was 9.33% over 16 trading days while the median was 12.82% over 33 trading days.
Although not identical to the current technical readings, ten similar instances saw the RSI close to today's 84 reading while the positive VI was at or above its current position, the negative VI was at or below its current position and the stochastic oscillator was overbought. On these occasions the stock dropped at least 4.49% and saw a median loss of 9.72%.
Another odd thing has just occurred regarding the positive VI value. It was recently above its current 1.18 level before it dropped below 1 and moved back above 1.18. Although a move like this is normal, the positive level never crossed below the negative VI level. This similar movement has only occurred on five occasions. The minimum loss for the stock was 7.34% and the median drop was 8.50%.
It is clear the stock will drop at least 3% over the next 40 days after taking all of this historical information in to consideration. I would not be surprised if the stock lost greater than 5% over this time period. The RSI for the stock is at one of its highest recorded levels ever which indicates there is only one direction for the stock to move. More at LimitlessLifeSkills.com
Microsoft Corporation (MSFT) Tends To Drop Post-EarningsMicrosoft Corporation has been trending upward as are most stocks and sectors since the U.S. elections last year. Although "good" numbers and much hype surround markets, Microsoft has not had great results after their earnings calls for the last four years. The stock is also at the top of its clearly defined trend channel which has always resulted in a decline over the next few weeks. We have laid out a study of historical movements for the stock in this article. Will history repeat itself again causing a 5% plus drop?
When we look at technical indicators, the relative strength index (RSI) is at 78.4752. RSI tends to determine trends, momentum, overbought and oversold levels as well as likelihood of price swings. I personally use anything above 75 as overbought and anything under 25 as oversold. The RSI is currently overbought. This milestone has occurred 112 times and its significance is discussed below.
The positive vortex indicator (VI) is at 1.3159 and the negative is 0.6303. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the stock is moving down. The positive and negative are at somewhat extreme levels away from their central point of 1. Their current retreat back to 1 typically flags the end of the upward movement while signaling a drop for the stock.
The stochastic oscillator K value is 94.8017 and D value is 81.1292. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals and short-term activity. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. The stochastic is certainly in overbought territory. The D value is still well below the K value and it could be a few more days before the D is greater than the K. When this crossover occurs, the stock could be ready to drop.
SPECIFIC ANALYSIS
Only one other time since 2000 was the RSI and positive VI at or above today's level at the same time the stochastic oscillator was overbought with the earnings call three days away. The stock dropped 5.21% over the following 14 trading days on that occasion.
The stock has dropped 12 of the last 17 times from its close price three days prior to the earnings call. Of these 12 occasions, the minimum drop is 0.67%, median drop is 4.40%, and maximum decline is 14.97%.
On four occasions since the start of the Dot Com Bubble Burst has the RSI and positive VI been at the same level while the stochastic oscillator was overbought. The minimum days to hit a bottom was 14 and the minimum stock loss was 4.62%. The median stock decline was 5.81% and maximum was 16.54%.
On 12 occasions the RSI and positive VI have been near their same levels are higher while the stochastics oscillator was overbought. The stock has dropped a minimum of 3.03% and median of 5.79% throughout these instances.
The RSI has closed at or above its current level 112 times since 1986. Over the next 30 trading days from this point, the stock does not always drop, the median decline is 6.86% and average loss is 8.68%.
Finally, the stock has been in a discernable trend channel since April 2016. The stock hit the top of this channel on Friday which it has done five other times since it began. The quickest drop from the top has occurred in three days and the slowest bottom occurred in 20 days. The minimum drop from the top of the channel is 3.23%, median is 4.79%, and max is 5.79%.
Between all of the aforementioned historics, we are confident the stock could drop at least 3.5% over the following 35 trading days. The significant drop should take shape after earnings are announced around October 26. Remember, even positive earnings have resulted in declines.
BTS/BTCLook at that gorgeous PnD in bitshares graph :) nothing more, nothing less. But regardless of price I think bitshares among other coins with decentralized exchanges will be big, the infrastructure is there, they just need volume and a new era of dex exchanges will proliferate.
But anyway. These prices, I would consider fill some bags below 1.5k is quite prudent. Official top of ichimoku span b is almost 9k, a pretty crucial price for long term perspectives. in the short term, if we'll have some volatility to counteract this dumpage, 3.5k could be touch for sure, and depending on the speed of the movement it could be nice to trade above this price.
The stochastics is in full dump mode pushed all the way to the ground waiting for a string to pull the price up, reset the indicator and give us another perspective of what could be happening next. Just as it happened last year ending in a full dump mode in the stochs and after that a wave of preparation and boom, we lifted on march. Who knows what awaits us in Q1 2018 :o
Did ConocoPhillips (COP) Just Exhaust Itself?ConocoPhillips has climbed quickly in the previous month. The stock should not remain at such a high level according to technical indicators and historics, Will it head south with strong action around the 46 level?
When we look at technical indicators, the relative strength index (RSI) is at 65.6636. RSI tends to determine trends, momentum, overbought and oversold levels as well as likelihood of price swings. I personally use anything above 75 as overbought and anything under 25 as oversold. Currently the RSI has come down from overbought levels. The historical significance of this move and it current level are detailed below.
The positive vortex indicator (VI) is at 1.2097 and the negative is 0.6935. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the stock is moving down. The positive and negative have begun to head back toward the 1 level after flirting with extremes consistent with positive stock movement. A retreat back to one typically flags the end of the upward movement while signaling a drop for the stock.
The stochastic oscillator K value is 90.4177 and D value is 93.3957. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals and short-term activity. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. The stochastic is certainly in overbought territory The D value has just overtaken the K value at the time of writing; meaning the stock will continue to decline and could drop quicker than it rose.
SPECIFIC ANALYSIS
I have created an algorithm which signals when stocks are truly overbought and oversold. The algorithm indicates when a particular stock meets multiple criteria culminating in an oversold or overbought signal. The overbought signal could occur over the next few days. Seeing the other signs of a downturn, proactively positioning short for the stock's decline prior to seeing this verifying signal could increase profits.
Upon back-testing this indicator, it has signaled overbought status 73 times dating back to 1981. The stock drops at least 2% over the following 35 trading days in eighty percent of these occurrences. The stock drops at least 3% seventy percent of the time and forty percent of the time loses 6.25%. Even though a drop does not always occur, these number combined with the following statistics have instilled confidence that a greater than 5% drop is looming.
On 13 occasions since 1985, the RSI has exited overbought territory and been at its current level while the stochastic was simultaneously overbought and the positive VI was retreating from a level above it current one. This might not be a significant amount of data points, it is plenty for when studying historical movement. Based on this data, the stock sees a median drop of 12.09% over the next 20-35 trading days.
Between all of the aforementioned historics, we are confident the stock could drop at least 5-7% over the following 38 trading days. A SAG gauge signal would further bolster this idea.
SiaCoin possibly ready for Bull reversal SC has been holding at strong support level for several weeks. StochRSI is approaching oversold on Daily chart, and is already far oversold on Weekly chart. Blue box shows current support range. I expect to hold at this level for a day or two more than a breakout. If bull reversal bar is confirmed and above descending support, could see move up to red resistance levels. If bear breakout occurs, look for support around 170 area.
This is my first post. I have so much more to learn and would love some constructive feedback and/or tips. Thanks!
RS
AUDJPY - LONG, WeeklyTechnical anlysis only:
While we are seeing GBPAUD to fall, we expect a AUDJPY to rise.
Trendline rejection coincides with pivot support for 2017.
Target in yearly Pivot R! coincides with fibonacci 1,382
Weekly stochastics are oversold with a confirmed weekly golden cross.
Risk/Reward: 1,9
Selling Position - NZD/JPYSimilar to CAD/JPY this pair has increased a lot in 1 month by about 6% so with that being said my technical's are showing me that the RSI has hit overbought regions and the stochastic has now start to head down and with NZD hitting recent highs in nearly all majors & lastly it closed below the resistance line which has been around since 2015 and also the trend line (4 confirmations of a sell).
I sense a fatigue hitting the NZD and with an election coming soon in New Zealand. My conclusion is that for the medium term that this is a SELL
ULTIMATE Strategy : Huge profit ratio : WATCH THIS**Hello traders !
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GBPJPY BAT RetraceStrictly Technical Bat Pattern Retracement
STOCH SIGNAL // Overbought signals H1/H4/M30/M15 //Reversing in overbought conditions
GMACD // Trend/UP Medium D1/W1/M1
Looking for a bearish impulse wave from point D of this Harmonic bat. If price fails to retrace I will look to hedge my position to 149.XXX
-YOUTUBE VIDEO-No reason to sell yet.Wait for your sell signals!Welcome! Check out my YouTube video explaining how to use technical analysis to trade $LUV. It is 20 minutes long. But I promise you that I am not wasting your time
youtu.be
Last week I posted a 5 minute chart on $LUV claiming that it was screaming a buy. I was right. So today (In the video) we are going to review how we could have traded this like the pros!!!'
Remember the best traders have a process and a system. In this video you will see the idea of systematic trading from the ground up.
A lot of the concepts seen on the 5 minute chart review came from my video i did on "How to trade $AMD on the 5 minute chart". It was a great video with an outstanding strategy and I highly recommend watching :)
I hope you enjoy this and find this helpful :)
Please if you have questions or comments POST THEM!!!!!!!!!!!