I developed an indicator, the Saracino Bitcoin Momentum Index (SBMX). On the monthly chart it has been a reliable indicator of a bottom in the past bear markets and right now it is giving a bottom signal for 2018/2019 bear market.
I officially call the bottom.
Price is has wicked weekly resistance,
has resulted in price to fall.Currently
I'm looking for a short entry on the 4 hour
chart, confluence's i'm looking for are a
cross of moving average and a break of
trend-line. I would also wait for a rest
of the area which was broken
This is just the worst case scenario, don't take it too seriously. BTW it is still a possibility considering that stocks were in a bubble pumped artificially by the FED. We'll check at least 2 years from now.
Apologies for late post here...
WTI testing the multi month trend line.
Recent move higher in oil was due to strong global growth and demand for oil and after US-administration confirmed they would impose sanctions on Iranian exports, the price of oil began to rally in fears of supply risk. As such traders pushed price higher ahead of the November deadline...
Bitcoin just crossed over first ATR line and changed it to the green (long signal 1/4)
RSIOMA signal line changed to green (long signal 2/4)
RSI line is very close to the middle line (neutral signal 3/4)
Heikin-ashi Smoothed changed from red to green (long signal 4/4)
3/4 Long signals
1/4 Neutral signals
Short-Term Market side - Bearish
Medium-Term Market side -...
In my previous post, I was short the DJIA, with the expectation of adding at down trending resistance. I did add, but was quickly stopped out.
Now price has broken ABOVE the resistance line, and I'm forced into a neutral position. This means I have no conviction either way, and any trades I take will be 1/3 of my full size.
I do not want to be one of these...
The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero line.
The oscillator Force Index is above the zero line.
If the level of resistance is broken, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 372.00
• Take Profit Level: 380.00 (800 pips)
If the price...
- Ichimoku Cloud
- John E. Zero Lag EMA
- Hilbert Sine Wave Support/Resistance
- Linear Regression Divergence
- No Repaint
- No Lookahead
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LTC seems to be consolidating at higher level, and we can see a floor and roof being tested. I do believe the market will cool for a while between 0.014 and 0.02 before it carries on the bull run... Just an idea.
A Game of Coins
Post turmoil where various outlets including social media, forums and media were burning up with posts and headlines of "we're going under", we have seen a relatively quiet time within the cryptosphere of late.
From a short term view point, instead of creating TA that lays the law of what the RSI, MACD and Elliott wave is indicating, we can cut...
Looking to go long on LL due to a small base break last week with volume - also being a new 52-week high. This is in a strong sector and industry. Open target will trail stop as price moves in favour. Initial stop is just over 2ATR also being below the wick of a previous swing point.
Hello traders. Eur/usd overview for the week ahead.Currently price react of 61.8% Fibb level. We have well formed channel and head and shoulder pattern. From now on we looking at either respecting the second shoulder and 61.8% level , price breaking the channel and looking for Buy scalps on 15m chart along the way. The second scenario is if price does not respect...
Been in this AUDUSD Bat pattern on the 4H now for a day or so following a pain-free Cypher win right before it (in green). Had some strong selling pressure here we can see from the indecisive candles, which is actually right at the 88.6% retracement (our entry point).
This is still a valid pattern as our X leg hasn't had a close above, so there's an...