#BitCoin update for 02.06.2020BitCoin update for 02.06.2020 the price action is still rising over the yellow lines are supported...
The white line is the VWAP-Anch it did start on 01.01.2020 at 00:00:01 AM UTC... Same as my last update the price of Bitcoin vs the USD is still strong, I have a gut feeling about this year...
In the RSI-VWAP Indicator, it has come down a bit. But it's trying to come back to the 80 zones... For me, that's a good sine because we don't want the market to get too hot yet ... For the reason is, Bitcoin has a bright future and we don't need a repeat of 2017 - 2018... I want to see Bitcoin being used by most people in the next 10 years, not as "Do you remember Bitcoin?"
This chart is the Bitcoin Market Cap Dominance that has been Calculated By TradingView...
Wow, what a move down... What altcoin is taking in all this action?
Volume Weighted Average Price (VWAP)
Bitcoin & It's Indicator For 01.28.2020What a day the 01.28.2020 was in the price action on Bitcoin, The yellow lines are support and resistance...
The white line is the VWAP-Anch it did start on 01.01.2020 at 00:00:01 AM UTC... And for most of the year so far it has been over the VWAP-Anch a lot of the time... So I see that as a very very good start to the 2020s and at the end of 01.28.2020 I see the day was a big power move to the upside and braking some of the support and resistance...
In the RSI-VWAP Indicator, it's getting to the overbought area if you want to call it that, it starts at 80 zone...
This chart is the Bitcoin Market Cap Dominance that has been Calculated By TradingView...
So The white line is the VWAP-Anch it did start on 01.01.2020 at 00:00:01 AM UTC... The Bitcoin Dominance has been having a harder go at the 2020's so far, but I can see it come back the RSI-VWAP Indicator is pointing up and the dominant action is in the middle of the BB zone... What do you think will happen when the dominance gets over the VWAP-Anch and also what do you think the top of this run going to be?, I have been seeing videos on youtube calling for a $100,000 in the next two years...
I think this is a grate time to buy #Bitcoin because, looking atI think this is a great time to buy #Bitcoin because looking at this chart...
The price action is above the white line, that is the VWAP starting on New Years 2020 and the yellow line is the VWAP starting on New Years 2019...
Also, there was a big move to the upside when the price did get above the yellow line...
AION Check hands with resistance AZV indicatorUsing AZV indicator with Profile Analysis
Buy signal: (Bounce back ) ( Breakout )
Profile Sell Target : 953 SATS
AZV Sell signal : AZV - NO of bars = 19 & Multiplier = 2
AZV Signal type = Open Target
AZV indicator link :
Tiger Brands LTD - Long Term SetupPrice is below the yearly Pivot Point and the yearly VWAP "gap" (volume weighted average price), its the thickest blue line, the other blue lines are lower time frames which also play a role in their own.
I prefer this type of setup to trade, being below average price and after hitting a bigger support which held (green dotted line) we look for signs of reversal, we need to test an area a bit lower where we can then apply our risk managed trade at R204. It can by all means continue further down, but we have a higher probability here of a reversal. Some might see this as an "Inv HNS", I don't look at patterns. Good luck.
I don't like this percent gain vs time on this stock, but see how it goes.
UKOIL close to Yearly VwapDownwards momentum weakening. Still fairly bearish in 4h and above.
Price close to Vwap plotted from the beginning of the year, expecting some kind of reaction here.
A bit too early for me to say what kind of reaction though. Some sideways movement and and accumulation for now isn't unlikely. I'm gonna see what happens on monday first, but I think I'll start scaling in some longs soon.
I missed a nice initial bounce from 42.50. had an alert about 4 points lower. That's what I get for not paying attention I guess...
Using Parabolic Sars and Squeeze Indicators IntradayGILD - 3 min intraday chart. Indicators: Squeeze Momentum, Parabolic Sar, and VWAP
These are new indicators for me, so I did this to help me to interpret and utilize them to execute an intraday trade.
First, here is a brief overview of the Indicators used in this chart.
The Squeeze Momentum Indicator is made up of 2 components: Graph Columns and Stars.
The graph columns show the direction on the trend and the intensity. Bright Green is uptrend growing intensity. Dark green signals a loss of momentum and the reversal to the downside. Bright red is a downtrend growing intensity. Dark red signals the loss of momentum and reversal to the upside
There are 2 colors of stars. Red is the squeeze. Grey is the release. When the stars go red to grey, it results in powerful move up or down depending on the color of the graph. Generally, you can enter a trade within 1-3 grey crosses, and exit a trade by 3rd red cross.
Parabolic Sars is really simple. If the price is above the green dots, you can go or stay long. If the price is below the red dots, go short or stay short.
VWAP: I basically use this as a line in the sand. Note: you could use moving averages, but I found that they just made it too confusing, and more difficult to read with no added benefit.
The red and green boxes mark the entry and exits of the possible trades. Ok, so executing the trades.
I skip the first 15 minutes to allow for a proper setup.
At 9:45 we have a grey cross within the red graph, the price is below the red dot, and the VWAP, so go short
At 10:33 we have the 3rd red cross and the the graph is dark red, so you cover. (Short 16 bars/48 min)
At 10:39 we get a grey cross, so go long. (You could have a more conservative entry by waiting for the 2nd or 3rd grey cross).
At 10:54 the price moves over the green dot. There was also a higher high, so you stay in.
At 10:57 the price is rejected by the VWAP, and it is the 3rd red cross on the squeeze indicator.
At 11:09 it is rejected again by the VWAP, it had a lower high, and we are now on the 7th cross, so it's time to sell. (Long for 10 bars/30 min).
It continues squeezing until 11:39 when we get an explosive move up! It goes up over $1.50 in 1 candle. It blew though the VWAP, and price is above the green dot, so go long.
Between 11:57 and 12:00 there is a small pullback, so you could take some profits, but there is no need to exit the position at this point.
At 12:12 The graph changes to dark green (loss of momo), there was a lower high on the last bounce, and it is also the 2nd red candle consisting of mostly tail at the top, so it's time to sell or reverse your position and go short. (Long for 11 bars/33 min)
At 12:15 you have either reversed your previous position, or you are entering a short here. You are on the back end of the move, you have a confirmed lower high, the price is blow the red dot.
13:12. A higher low was put in, and the dark red graph is getting smaller, so it's time to cover. (Short 20 bars/1 hour).
At 13:18 a green dot appears blow the price, so you go long) or you could have reverse your short position 6 minutes ago depending on how aggressive you want to be).
At 14:36, the graph is dark green and close to the midline, so it looks like it is just going to go sideways the rest of the day, close out the position, and keep watching it. (Long 26 bars/1 hour, 18 min).
The red crosses on squeeze momentum indicator stayed for the remainder of the day, and the graph stayed near the midpoint, so there was no momo in either direction, so no further trades were made.
S2 is broken and R2 is pushing down on H1 timeframe17:25 GMT update.
Everything goes as expected so far.
IMO, S2 is broken and cant support prices anymore.
R2 is pushing price nicely down.
EU is going DOWN.
On the left side in close proximity, there is not any anchoring point which can give support for the faling prices.
We need to go far far back left to find a support MIDAS line below these price levels. But it would not be suitable in H1 timeframe, for that we need to go higher timeframes. And thats another chart.
MIDAS Channel Indicator on H1 EURUSDLast MIDAS channel was anchored from the wrong bar in the indicator page so this is the one with correct anchoring.
Basically MIDAS channels are now acting as resistance. Latest MIDAS channel is chasing down the price.When price comes back to channel wait for a bearish confirmation signal then go short.
intraday price action, reversion to mean considering also volumeAlways with regard to doing some backtesting evaluations aimed to spotting reversal, let’s consider only intraday, and only slow Guppy Multiple Moving Average - GMMA.
reversals seem to be often signaled by the concurrence of:
1)high distance (say 1 or 2 STD, it should be checked out) from vwap, while
2) price vs all slow GMMA, or at least most tehm, are on opposite sides compared to vwap.
Then the problem is the determine when a backtesting exercise could take the signals of starting reversals.
Two possible evaluations can be done: (1+2)_a) or (1+2)_b)
(1+2)_a) In extreme movements one quick and dirty blind criteria could be that of taking the signal when the distance of price from vwap is greater than the distance of the slowest mov.avg on the other side of vwap; at this point enter and manage the trade in backtesting and wait its reversion to the mean.
(1+2)_b) in other conditions, not so extreme, the signal could be based (I haven’t yet completely figured out how ) both by looking to crossovers between price and fast GMMA or also, alternatively, at crossover between prices and a short length (say 3 or 4) McGinley Dynamic indicator.
Too bad I can’t program!! It would be great fun to carry out these kind of testing.