Tornado_Trading

Tornado_Trading Updated 

Weekly: Bullish div on MACD-H, MACD lines, EFI, and EFI ATR channel divergence. Stochastic RSI is turning up. EFI is entering bullish territory. Daily: Daily is turning down after an upspike. I would like to see Stochastic RSI crossing back. It seems the Value zone will hold as support, but waiting for confirmation of that. There was a nice bullish div on the...

Tornado_Trading

Bearish divergence on 4H and Daily. Daily stoch RSI turning down after overbought condition, stoch RSI already declining on 4H. Divergence on MACD-H and EFI as well. Entry: 158.85 Stop: 164,13 TP1: 148.1 TP 2: 145,6

Tornado_Trading Updated 

Weekly: Weekly bar closed high and gives us a bullish divergence, including a bounce off of support. Entry around 126 (wait for a pullback on a shorter timeframe). A bottom has been formed and the weekly bar closed positively, showing a strong rejection of that support level and stochastic RSI came from an oversold condition, now curling up from this...

Tornado_Trading

Weekly (not shown): Possible bearish divergence coming up. Impulse still green, but is shows prices around 101 were rejected and price closed much lower. MACD-Histogram still rising, as well as EFI. sRSI declining, although it could cross. Daily Bearish divergence on MACD-H, MACD lines, EFI and even Stochastic RSI. Stoch RSI crossed bearish and comes from an...

Tornado_Trading Updated 

Weekly: After an extreme drop, price went below -1 ATR, but by the looks of it, it seems it is about to close above 1 ATR level. If so, it will become a nice setup on the weekly, which I will provide a setup for, when that sets up. The impulse is still red, but when I peek at the setup of 3 days, I see it's blue already, and with crypto I cheet with this factor...

Tornado_Trading Updated 

Weekly Bullish div on MACD-H and EFI. We do see 4 EFI diverging locally in the latest decline.sRSI is about to to a strong degree it seems, and might tick up. Daily: FB and 1st HL, impulse green. Might possibly start a new uptrend and fullfilling the weely setup "Entry: around 44 TP1: 57,14 TP2: 62,9 R/R Ratio

Tornado_Trading

Weekly: After an upwick tail, we now have a bearish divergence on MACD lines, MACD-Histogram as wel as EFI. There is even a ATR channel divergence. Stochastic RSI coming from an oversold condition and now bearish, moving in the reference area. Daily; A list of bearish divergences, supporting the idea on the higher TF. Currently, daily candle went up and closes...

Tornado_Trading Updated 

Weekly: Price has hit support for the second time and although the divergence is not pure, it is kind of a bullish divergence, on MACD-H and EFI. Stochastic RSI is coming from an oversold condition and shows some movement in a positive direction. Also, -2 ATR is has been the outer stretch mostly and could indeed pull up to value zone Daily: Ticker has made up a...

Tornado_Trading Updated 

Weekly: There is now a finger pattern, an upwick sticking out and the current weekly candle went up after the open but failed, and now prices are below previous candle close. Weekly is only half way, but bearish divergence is developing on EFI and MACD-H. Stochastic RSI seems to cross, and is overbought. Let's see how this develops. On shorter TF's I was daring...

Tornado_Trading Updated 

Weekly: There is a bearish divergence on MACD-H and EFI. Currently a new top is forming but it has less power then its previous top. There is an ATR channel divergence as well, as on EFI Daily: There is a bearish divergence on MACD-H and MACD lines, as well as an ATR channel divergence. Stochastic RSI turning down. Last candle tried to tick up but after this fb...

Tornado_Trading Updated 

Weekly: Closed lower, after upwick, impulse is blue (meaning MACD-H ticking down). Latest top diverging with previous local top. Often times, the 2.5 ATR level is a turning point for tops. Daily: A nice set of divergences, on MACD lines, MACD-Histogram, and EFI. Even there is a divergence on Stochastic RSI, as well as ATR lines, showing an ATR channel divergence...

Tornado_Trading

Posting the analysis is a bit late, I reentered but had no time to write on Tradingview. I saw the setup becoming interesting again and bought in the 32-33K area. We're above 34,8k now, best to wait on the 4H for a pullback. Otherwise the R/R ratio ain't good. The exit target 1 is a bit higher now. The second target could be considered the same, as 40K resistance...

Tornado_Trading Updated 

Overall, longer term the trend is down. This could change of course, but this review is on taking a chunk of the upmove after a bullish divergence. Then we reevaluate, to see if things have changed. See also my video review here: Weekly: MACD-H is ticking up, right now, although candle is not closed. But this Timefame shows MACD Histogram is...

Tornado_Trading

3Day chart: Bottom forming, Last candle had a large downwick, now MACD-H is ticking up. MACD-H and EFI are diverging with price. Price moves around -1 ATR, but it seems support has been found at these levels. Daily: Missing Right shoulder bullish divergence after bullish divergence, also a bullish divergence on ATR lines, MACD-Histogramd and MACD lines, even on...

Tornado_Trading Updated 

Weekly There is a bearish divergence on the weekly, although not very pure. I expect this to pullback to the slow EMA and further to -1 ATR, a support level of the uptrend Daily There is a bearish divergence here as well, impulse has become blue now. There is a divergence on MACD-H and EFI. Stochastic RSI is turning down, coming from an overbought...

15:34

Tornado_Trading Updated 

My view on the direction change of the Bitcoin market

Tornado_Trading

BTCUSDT - Trend continuation Weekly: Top is diverging somewhat and makes me curious, if that will result in a stronger pullback. Currently the weekly uptrend is very strong and volume is strong. The amount of power of bulls has diminished somewhat, but overall the trend is still strong. This uptrend shows 2 ATR as a support level, during this uptrend this has...

Tornado_Trading Updated 

HII Bullish divergence on weekly and daily Weekly On the weekly there is a ATR channel divergence, MACD-H and Elder Force Index divergence. Stochastic RSI is coming from an maximum oversold condition and is curling up. The previous last 4 candles each show down wicks, every week it closed much higher then the lows that week, a sign that lower prices were...