TradingThroughTheLens

TradingThroughTheLens

We have a potential Bullish Divergence with the Price on the VET Chart and the MACD Line on the Moving Average Convergence Divergence (MACD) indicator as indicated by the Converging Blue Lines. Note that the MACD RED Histograms have also shrunk in size, confirmation will be if the MACD Line (Blue Line) crosses back above the Signal Line (Orange Line) on this 1 day...

TradingThroughTheLens

Let’s have a look at BTC/USD using as many indicators as i can. The purpose of my post as always is not price predication but more education on what these various indicators and squiggly lines are indicating. As you can see on this Bitstamp 1d chart, BTC is in a Descending Triangle Pattern ‘potentially a Bearish Continuation’ as well as a Falling Wedge Pattern...

TradingThroughTheLens

VET an in-depth 1day chart analysis: If you look at my previous 3 VET charts and press play, you can see that VET has dropped out of its Symmetrical Triangle Pattern on the 1d timeframe. VET is still below its Bollinger Bands Middle Band Basis 20 Period SMA for this 1d timeframe. Not that the Middle Band is moving downwards and so is the Upper and Lower...

TradingThroughTheLens

We have seen a very nice rise with ADAUSD since the 11th Jan with increasing Volume on this Binance 1d chart. The only issue at the moment is that BTC is dragging everything down with it so ADA is having trouble maintaining its rise at the moment. ADA is above its Bollinger Bands Middle Band Basis 20 Period SMA and note that we have expansion of the Upper and...

TradingThroughTheLens Updated 

I have added a Schiff Pitchfork Pattern (A,B,C) to this 1d timeframe. As you can clearly see, BTC tested the Schiff Pitchfork Median Line 7x as support and then that support failed on the 8th time and BTC has closed well below its Schiff Pitchfork Median Line. At the moment, BTC has found some support from its support area highlighted with White Dotted Lines...

TradingThroughTheLens

VeChain Update: VeChain is still in its massive Symmetrical Triangle Pattern as indicated by the converging ascending and descending dotted trend-lines. At the moment, VeChain is trying to stay above its Bollinger Bands Middle Band Basis 20 Period SMA. VeChain need to close this daily candle above the BB Basis. Note that Lower Band is moving upwards and the...

TradingThroughTheLens Updated 

With all this talk about another great depression like stock market crash happening in the very near future, i thought i’d join the fun and take a look and analyse the DJI Monthly Chart. Using an extended Pitchfork Pattern (A,B,C), we can clearly see that the DJI has been in an Upwards Pitchfork Pattern since the Month of the 1st July 1932. Chart wise, you can...

TradingThroughTheLens Updated 

VeChain is still within its Massive Symmetrical Triangle on this 1d timeframe. VeChain is back above its Bollinger Bands Middle Band Basis 20 Period SMA for this 1d timeframe. Note that the Upper and Lower Bands are still pinching inwards so that means the Bollinger Bands have a lot of room to expand before becoming over extended. Note that VeChain is still...

TradingThroughTheLens

At the moment, ADA is back above its Bollinger Bands Middle,Band Basis 20 Period SMA on this 1d timeframe. ADA needs to close this daily candle above the BB Middle Band Basis. Note that it looks like the Upper and Lower Bands may start pinching inwards if a significant new high or low cannot be achieved. ADA has found some resistance from its Least Squares Moving...

TradingThroughTheLens

BTC is still below The Median Line of its Longterm Upwards Pitchfork Pattern on this 1d timeframe. Note that BTC has not closed a daily candle below the Lower Yellow Pitchfork Support Line since the 7th Nov 2020. Note that BTC has previously found support from this Lower Yellow Pitchfork Support Line on the 20th and 21st of July 2021. BTC is still below its...

TradingThroughTheLens Updated 

BTC is potentially in a Head and Shoulders Pattern on this 6d chart, and you can also see clearly this on the weekly as well. Ideally, BTC needs to CLOSE this 6d Candle above the Dashed Resistance Line at around $53,148. If not, then the next 6d Candle will suffice. Failure to do so may validate the Right Shoulder and if BTC drops below the H&S Neckline then a...

TradingThroughTheLens Updated 

BTC is still below its Descending Trend-line. BTC needs to break back above and more importantly CLOSE back above the Descending Trend-line before any long term recovery to the upside becomes concrete. BTC is back above its Bollinger Bands Middle Band Basis 20 Period SMA. BTC has dropped back under its Upper Bollinger Band which is expected after a large rise and...

TradingThroughTheLens

VTHO is back above its Bollinger Bands Middle Band Basis 20 Period SMA for this 1d timeframe. Note that the Upper and Lower Bands are moving sideways and have plenty of room to expand. VTHO is still above its Least Squares Moving Average (LSMA) for this 1d timeframe. VTHO is still above its Volume Profile Fixed Range Point of Control (VPFR POC) for the Fixed...

TradingThroughTheLens Updated 

ADA is trying to close a daily candle back above its Falling Wedge Pattern. If ADA manages to close today's candle above the Falling Wedge Pattern then its next resistance will be found at around the $1.415 - $1.451 resistance area. ADA is back above its Bollinger Bands Middle Band Basis 20 Period SMA for this 1d timeframe and has successfully re-tested it as...

TradingThroughTheLens

BTC is in a Descending Triangle Pattern on the 4hr. A Descending Triangle is a Bearish Chart Pattern. Note that BTC has bounced off the base of the Descending Triangle 5 times as support. BTC is still under its Bollinger Bands Middle Band Basis 20 Period SMA for this 4hr timeframe. BTC has dropped under its Least Squares Moving Average (LSMA) and it looks like...

TradingThroughTheLens

ADA is still below its Bollinger Bands Middle Band Basis 20 Period SMA on this 1d timeframe. Note that ADA has not closed a daily candle above the BB Middle Band Basis since 13th Nov 2021. ADA needs to 100% CLOSE a daily candle back ABOVE its BB Middle Band Basis and successful retest as support for any recovery to look promising. ADA has found some support from...

TradingThroughTheLens

Note that VTHO is in a Descending Channel on this 1d timeframe. VTHO is also potentially in a Symmetrical Triangle pattern. VTHO is still below its Bollinger Bands Middle Band Basis 20 Period SMA for this 1d timeframe. Note that we may see the Lower Bollinger Band start to curve inwards if upwards momentum continues. VTHO is back above and has closed yesterday’s...

TradingThroughTheLens Updated 

A quick look at BTC/USD using the Ichimoku Cloud with the 20,60,120,30 settings as well as the Bollinger Bands and MACD Indicator. The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating that the Short-Term Momentum is sideways at the moment. The Ichimoku Cloud Base Line (Kijun Sen) is indicating that the Mid-Term Momentum is sideways at the moment. The...