Ethereum: Portfolio strategyI'm applying this strategy to my holdings, it's based on Tim West's ideas, which I already quoted in my previous ETHXBT charts.
I added the weekly profile chart to illustrate the fair value areas, as well as the instante rejection/low time spent at price support and resistance, where larger players liquidated (and bought in).
If ETHXBT gives us a bullish signal and we observe higher volume, we can start to predict direction, for now, it remains ranging around the mode.
So, buy low, sell high applies.
Cheers,
Ivan.
Timwest
UCSGEARS' snapback application to VixI came up with this based on one of Tim West's publications from today.
It seems that this indicator produces some really high quality signals when applied to the Vix itself, to trade S&P500 futures.
Check it out, maybe you can come up with other variations of this technique.
Seems like something I'd like to try asap.
Good luck,
Ivan.
Ethereum: bearish time at mode signal target not reached in timeWe have a clear long setup in Ethereum.
A low volume selloff after the uptrend expired and we reached some hysterical highs.
Current setups implies that if this bar doesn't reach the bearish target signaled by the box before it closes, it's possible to see price reverse from here.
I labeled the range expansion bars on the daily (which looks like a perfect uptrend to me so far), and the stop loss level for the last one, as well as take profit (65% chance long trade).
I also labeled the 4h range expansion bars, the light green and red ones, bullish ones are all working, which is a good sign.
I'm buying and building a large position, aiming for 0.012 or higher, but need to see more proof by price building a mode higher, with 16 bars or more at one price.
Good luck!
Ivan.
BTCUSD: Tim Westian supply and demand logic and new indicatorHi, in this chart I describe how I read the price action in the Bitcoin chart, in this case the Okcoin futures.
My spot forecast and weekly trade setup is coming along nicely, but there are other shorter term opportunities for the traders with a keen eye for technical analysis.
The new indicator plots inside and outside bars, as well as range expansion, paying homage to the teachings of Mr. Tim West.
Be sure to check out his dozens of educational charts on the subject, his insightful analysis and lessons are a must see for any aspiring trader in my opinion, and his Key Hidden Levels chatroom a great place to be.
Code in related ideas.
Cheers,
Ivan.
EURAUD: Daily entry into weekly uptrendAn addendum to my EURAUD weekly forecast chart, couldn't get the targets to be readable in the other chart so here it is.
I don't normally give stop and exit reccomendations but this one seemed easy to project realistically without making changes along the way (which is the way my trading logic works, difficult to translate into one static forecast).
Good luck,
Ivan.
TimWest Long Short FiltersTimWest Long Short Filters
Indicator Has 3 Separate Filters that Create Green(Bullish) or Red(Bearish) BackGround Highlights
If Price is Above or Below a certain LookBack Period - Tim Defaults to 63 on Daily Chart to Quickly View if Price is Above or Below it’s Price 1 Quarter Ago.
A Simple Moving Average Filter - Tim Defaults to 50 SMA and 200 SMA also known as the “Golden Cross”.
A Exponential Moving Average Filter - For Those Who Want To View Shorter Term Market Swings. Defaults to 50 EMA and 100 EMA used By Chuck Hughes, 7 Time World Trading Champion. Chuck Claims the 50/100 EMA's Show the Earliest Change in Market Direction the Equal - Sustainable Moves
Inputs Tab has Checkboxes to Turn On/Off any of the 3 Filters Above.
Reference Chart Post www.tradingview.com
TimWest BackGrnd Highlight! What's Tim’s Top Request? And YOURSTim West BackGround Highlight! What Is Tim’s Top Request? AND YOURS?
I’ve often heard Tim West Request A Change In BackGround Color Based on certain Criteria.
The Chart Above is just a Simple EMA Cross That Changes BackGround Color Based On Trend.
Tim,
LIST THE CRITERIA YOU WOULD FIND MOST USEFUL TO CHANGE BACKGROUND COLOR…And I Will Provide Your Indicator For Everyone.
WANT YOUR OWN CRITERIA CODED?
LIST YOUR REQUEST BELOW. TOP REQUESTS WILL BE CODED!!!
Updated: TimWest ABX Chart showing Low Risk CCI EntryTimWest "Buy pullbacks to "0" in CCI (21-day) and then exit on the next move to +100 and +150. I doubt it will get to +200 again right away unless we have a move in VIX to 18-20."
With Fed Mtg around the corner and Vix climbing and GLD climbing. Could be solid entry point
TFM - looking for an entry point on great discount: Mistake in the text on the chart, should be Looking for a "higher high and Higher low"
; It also has 2 gaps to fill, small but worthy point to take in account
Seeing TimWest's idea on the stock price today, felt to find a good entry point for the stock on the short term, while focusing on the long term prospects. On the weekly it does seem that at any point it is a good entry now as it is 50% down from the recent high, but it may be going lower if it follows the apparent channel .
As Tim Notes: "Tim: "I generally like to see TFM get "beaten up" and then I take another look at it and see if I can buy it in the bargain bin, where it is today, nearly 50% off of its highest levels in the last year."
Regarding the recent decline, Tim provided the following: "The decline from the highs is a function of it being horrifically overvalued by growth investors who were paying 2.5 times rational valuation levels based on monstrous growth. As growth estimates have been tempered and earnings have missed expectations, growth investors have rushed for the exits. This is the rotation we have seen in the market, out with growth and in with anything else (utilities, technology, semiconductors, oil, oil service, etc.) The profit margins have dropped and expectations are down. Note that sales have surged from 1B to 1.5%, or 50% in the past 3 years"
This does look like to be the case, but what bothers me is that the 2011 resistance at around 30 has been broken once already, even after one bounce. So for now a possible entry point would be at the low of the channel to at least stay within the channels trading, or on the breakout from the channel. So far we have seen a lower low, and would need a higher low to enter. At this point i see it will indeed be outside the channel if that is the case.
Note: MACD. RSI. Stoch, CCI are not good indicators on this one as the swings are too large while these indicators trade in their range