Testing the 90 MA. Either a break or a bounce at this point, and Bollinger Squeeze suggests confirmation is needed (Another break outside Keltner Channel should be watched). Let's see where this goes.
Convergence of the Delta Trend, and continuation of the downtrend seems strong. However, Bollinger Bands are outside the Keltner channel in a bullish manner. Waiting to take a short entry near the .95752 zone (indicated in chart).
Clarified application chart and a test predication for oil.
still bearish with RENKO ATR 14 + Keltner Channel (10,1) Trend follower stratey, change direction if price will move up, outside of the Keltner channel
Gigamon stock broke above its Keltner Channel today which suggests very strong buying power. The volume 50 day MA has been moving higher as Gigamon stock has moved higher. That indicates more and more buyers are stepping in. Gigamon stock is a continuation layout play where we are wagering that the strong uptrend will continue. Source: www.guerillastocktrading.com
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SPX is trading in a range in the last 20 days as you can see by the frequent MACD and Moving Average crossovers. Since, BB is inside the KC, the idea is to jump in the winning side of the battle of bulls vs bears at the same moment that volatility start to come back to town. There is nothing really special about the stop loss of this trade, they are around the...
GLD has become overbought as shown by the Hurst Bands. Price could possibly exceed the overbought Hurst Band (pink colored band). The Starc - (minus) Band has crossed over the middle (light bluw) line of the Hurst Bands. This is typical when price action begins to become extreme. It does not mean that the extreme price action cannot or will not continue for a...
I was encouraged to look at shorter time frames - including the 4-hour - to see trends in the Bitcoin. It is a good practice and I generally do look at time frames down to about the 30-minute. As you can see by looking at the 4-hour Keltner Channels the top of the channels is around $506.45, so you may not want to get too excited by the recent price movement...
Bitcoin continues its technical breakdown. On the 1-day chart the 50-day EMA has crossed below the 100-day EMA. You'll also notice Bitcoin price has dropped far below the 200-day EMA as well. In addition, Bitcoin has fallen below the Keltner Channels, which is something I had mentioned as a possibility in the past. On Balance Volume (OBV) is at an extremely low...
There isn't much to say here except, as the weekly Bitcoin price moves toward the bottom of the weekly Keltner Channels, the price looks poised to move under $500
At this point the Bitcoin price has made a decent recovery from past couple of days where price dropped to the mid-$550's. However, looking at the chart the Bitcoin price and volume trends from June are still down. While the price in relation to the Keltner Channels and moving averages did not behave as I thought, I believe they will still exert influence on the...