According to Brandon Kelly's method, ETC seems to be breaking out of last cicle. As you can see from chard above, we have alredy finished break out and break down, currently in flat line phase. (Red lines on the chart) Both, MA 7 and MA 77 have alredy crossed MA 231, which is good sign. Even better, MA7 just crossed MA 77 so I think that we can expect long run...
The moving average at 100 day close and 21 close are beginning to converge amidst resistance test. This local resistance is at $118 and will be approached in in the coming day. If volume picks up and Bollinger bands and Keltner channels stay tight with increased volume, a bull run is possible. If a bounce off the resistance happens and movement breaks the local...
BTC has had a massive run up to December. BTC entered overbought conditions on all time frames which do not make it attractive to trader and investors. Nobody want to buy overbought stock. BTC has had a nice pullback and is currently testing its 100 day MA and its uptrend line. We see btc go as low as 8500 here but we are looking for a close above the 100day MA....
I think BABA is going to have a pullback similar to the past patterns it has shown, by combining the averages and trend crossovers i have decided i will be short on BABA until the stock shows signs of reversal backed by technical ana. The chart is a little crowded but again was based on crossovers and averages.
Indicators showing positive signs of XRP moving up. Watch to see if it can hold above 21 day moving average.
Trend analysis using log scale.
Short btc ETh already about to make 20 sma cross to 50 sma on daily las time that happen it went crashing down
Trading this Price Action as a continuation off the Moving Average, not the signal I normally look for, but within my limits.
Here is my analysis of the GBPUSD currency pair. This pair has been down trending for a while now and past bullish leg has come to a close on previous resistance at the 1.3000 level. Price has already reacted once and has come close to the 70% overbought RSI signal. Would recommend a TP level of either 1.2700 1.2500 1.2000 and a SL position of around 1.3150...
higher time is in strong uptrend and showing strength intermediate time frame also in uptrend and rising moving averages with the shorter time moving average slightly flattening showing consolidation with price trading around it price is seen here forming a resistance at the 96.16-96.17 area with the three price rejection candles forming a ascending triangle...
Gdx has a tendency to bounce on the 200MA. I am presently holding GDX shares and I will probably switch my position to DUST if the stock goes below the 50MA. If the stock is capable of crossing the 200MA, it would be a great bullish indicator.
Once price moves towards the 200MA i think it will break and go down to test the Low of the Day (LOD) from yesterdays London/New York session. Placing sell stop and waiting until it gets hit. Will keep an active SL on the position and move it to break even once +10 pips.
LonG, TP from weekly chart. SL is no. No Accept LoSS, only win :-) Previous resistance becomes structure, which is ancient resistance level from weekly. Indicators have turned up across most timeframes FIB, ICHIMOKU , MACD , HULL MOVING AVERAGE some news stuff and also supply & demand
The pair is forming a pullback on recent bullish momentum over the past few weeks however a break to the upside will trigger a long entry. MA crossover on 4hour TF showing confluence to the upside. Wait for CTL breakout to go long. Target: 118.600 just below -61.8% fib. Follow me on Instagram for more trading content: Tag in BIO!
We opened this position about 30 days ago and played the time premium after the huge up move in oil prices. Our initial risk was $200 for a total collection of $50.
CADJPY: Possible major reversal. Sell limit at black box once prince reached blue box first.
This can be backtested using stocks and currencies. For stocks, depending on which stock and its voltility, backtest shorter chart frequencies such as 3min to 1hr. For currencies, backtest longer chart frequencies such as daily to month depending on backtest you see fit. A quick note such as USDJPY, a week is sufficient for example. You will see high Net Profit...