TradingThroughTheLens

TradingThroughTheLens

The longterm outlook for BTC is looking really great. If we look at the weekly chart, BTC is above its Pitchfork Median Line and has tested the next Pitchfork Resistance level. A real test will be if it can turn that resistance into strong support as well as closing this weekly candle above its Pitchfork Median Line. On the weekly chart, the Ichimoku Cloud (Kumo)...

TradingThroughTheLens

While ADA does its thing and continues to make me nice profit, let’s have another look at the most undervalued Crypto ever. A Crypto with a client base that would make any FTSE100 corporate salivate with jealousy. At the moment of typing this, if we look at the daily chart, VeChain has found support from its Conversion Line (Tenkan Sen). If we cannot close this...

TradingThroughTheLens Updated 

If we look at the Daily chart for ADA, we can see just how strong of an uptrend it is in, yes, ADA will dip back a bit, possibly back to its Conversion Line (Tenkan Sen) which is also roughly where its Bollinger Bands Middle Band Basis. At the moment of typing this, the Price has found support from its Upper Bollinger Band so ADA may walk the Upper Bollinger Band...

TradingThroughTheLens

I originally posted this on the brokerage that i use, and i thought i'd post it here incase anyone needs some advice if they've been burnt by the recent Pump & Dumps. Friendly advice for those who need it: A question that keeps popping up is, "should i invest in ADA now or wait for a dip". The answer to that is a 2 fold question, 1 "Why did you wait for ADA to...

TradingThroughTheLens

So let’s have a look at the most criminally undervalued crypto EVER. A Blockchain that is everything most if not all other cryptos aspire to be, and has a client base that would make any corporate gasp with Jealousy. I’m talking of course about XRP........ 🤣 only kidding 🤣. At the moment of typing this, VeChain has found support at its 50EMA on the daily chart,...

TradingThroughTheLens Updated 

So i thought i’d do another educational post, this time on the Bollinger Bands. I’ll try and keep this as a brief introduction to the basics of Bollinger Bands so you can do your own research to fully understand what the indicator is doing and showing, there is no point putting a fancy indicator on your chart if you have no idea what it is showing you. Bollinger...

TradingThroughTheLens

This is actually a possible short, but I've put it as neutral because BTC does need to break downwards through a strong area of support. If we look at the daily chart, BTC failed to close its daily candle on the 29th above its descending resistance line and is now still back below it indicating sellers took control. As we can see, Bitcoin is in a Descending...

TradingThroughTheLens Updated 

Depending on if ADA can stay about its Bollinger Band Midpoint on the daily chart, there may be 3 good opportunities coming up to buy ADA at a lower price, the first is at its Conversion Line (Tenkan Sen), the second is at its Upwards Support Line, and the third is at the Bollinger Bands Lower Band. It doesn't really matter if ADA wicks lower than the upwards...

TradingThroughTheLens

This is just my own opinion on why i'm avoiding this XRP rise so no haters please. Is there a chance XRP could shoot up more, yeh of course, but i don't want anything to do with it. This is a post from someone who has been burnt by XRP from listening to the utter nonsense that was out there when i didn't know what i was doing. First off, ask yourself, what are the...

TradingThroughTheLens

BTC is at a crucial point on the daily chart. It has found strong-ish support around its Base Line (Kijun Sen) which is also near where its 50EMA & Bollinger Bands Lower bands are located. BTC has bounced off this level twice in 6 days but is still feeling downwards pressure. If BTC breaks downwards through this crucial level then there is a possibility BTC will...

TradingThroughTheLens Updated 

Before everyone goes screaming to the hills asking Charles Hoskinson for their money back, remember that with shorter timeframes, one must expect pullbacks and short-term downtrends now and again, it enables the market to remain healthy, enables compound interest from the peeps who took profit at the ATH to re-invest that CI and also encourages people who missed...

TradingThroughTheLens

The Daily Chart is a crucial timeframe for the future direction of BTC. So, BTC dropped out of its Symmetrical Triangle and is on a downtrend. The RSI is indicating BTC has room to drop further before becoming oversold, that doesn’t mean it will. The ADX DI SMA is indicating a downtrend because the -DI (Red Line) is at 26 above the +DI (Green Line) which is at 18....

TradingThroughTheLens Updated 

At the moment of typing this, if we look at the Daily Chart, VET has recovered from its correction that it had after making a new ATH on the 6th Jan. VET is at the upper band of its Bollinger Bands and has found strong resistance there. If VET makes it to a new ATH over the next week or so, we will be in uncharted territory. If VET fails to get above its previous...

TradingThroughTheLens

At the moment of typing this, BTC is still consolidating within its Symmetrical Triangle on the daily chart. BTC is fighting between its Bollinger Bands Midpoint and its Conversion Line (Tenkan Sen). Note that BTC has a curve up on the Ichimoku Cloud Lagging Span (Chikou Span) and also a slight curve up on the RSI. If we breakout on the upside or downside of the...

TradingThroughTheLens Updated 

If we look at the 1hr chart, at the moment of typing this, ADA is fighting between its Bollinger Bands Midpoint and its 50EMA. If ADA breaks downwards through the 50EMA then we may drop to our Base Line (Kijun Sen) or our 100EMA. If we keep above the 50EMA & above our Bollinger Bands Midpoint, then we may see ADA try to head back over its POC and attempt another...

TradingThroughTheLens Updated 

Looking at the 4hr chart, at the moment of typing this, BTC has dropped to its 100EMA which is in its Ichimoku Cloud Equilibrium Zone, BTC has rebounded of the 100EMA but needs to make it back across both The Conversion Line (Tenkan Sen) & Base Line (Kijun Sen) as well as the Leading Span A (Senkou Span A) which has now become Cloud (Kumo) Resistance. At the...

TradingThroughTheLens Updated 

I was going to do this as an update to my previous BTC chart, but i decided to do it separate because the indicators are different. If we look at a clean version of the Daily Chart for BTC with just EMAs, we can see that BTC is actually in a Symmetrical Triangle on the daily chart, so even if BTC takes a massive dump tonight to around $31,772, so long as it...

TradingThroughTheLens Updated 

So, the Ichimoku Cloud (Ichimoku Kinko Hyo) - WTF is it??? At first the Ichimoku Cloud can look a bit daunting, but after reading this, hopefully it will put you at ease & you will realise that it is a really neat and powerful indicator that shows you Momentum, Trend, Support and Resistance . Note that you can use the Ichimoku Cloud for all timeframes, but it may...