Currently I am expecting a mean reversion, sub $5k feels almost certain upon viewing this chart. I have used a line chart instead of bars in order to keep this clean. But all 3 pivots to this pitchfork are anchored to significant wicks (you just can't see them). If it is looking like price will hold above the mean I will look for a long term entry to hold for at...
Hopefully simple enough to understand, let me know if you have any questions In the short term future I see 2 paths, normally it would only be one, but I've never seen the Bart Simpson pattern pump/dumps before which is why I made the second path because who knows? Anyway, Stoch is low, MACD is looking to crossover soon, hopefully at this support.
Annotations on chart should see continued growth against the dollar Price always desires to return to the mean Twitter: @AzorAhai06
Should continue to see normal growth from $neo against the $usd Twitter: @AzorAhai06
Pitchfork drawn highlight the mean. The green area is not necessarily a target, but rather a method to illustrate the distance from the mean of the trend. Twitter: AzorAhai06
BTCUSD has hit the necessary checkpoints that I needed to take a trade. It has finally completed another mean reversion and returned to its 52 day SMA mean. It also completed a long overdue 61.8% Fib retracement. Even though its in my buying zone I would prefer to see a deeper dive into oversold territory to feel all warm and fuzzy about this trade. With that...
Based on the existing trend I think bitcoin has bottomed out and is heading higher soon, but maybe not at the same pace as previously during the run from 3k to 20k. The thick line is resistance now and was previously very hard to breach. The slope is positive though so there is no need to pass this resistance to keep going up. The FUD has been immense but bitcoin...
The Horizontal Rays shows you the trade setup with ENTRY/BLUE-STOP/RED-TARGET/GREEN. If we can manage to get a CLEAN break above the BLUE BOX - Look for a rounded retest for a run up to the first high initiated in red. If we are going lower then the mean reversion trade - spread your long entries in the lightblue box with a master stop where you think you dont...
Buy Vertical PUT Option spread on FAZ ATM ($55) 3 mth expiration to close at $40. I have entered this as LONG - that is obviously referring to the market going long facilitating this trade which is SHORT on the FAZ 3 x ETF..
GBPUSD has slightly fell outiside 1st standard deviation from weekly (120-h) mean, however amid strongly compressing volatility (measured by 3.2 st deviations from the weekly mean), indicating more probability to revert upwards to the mean than continue falling. Traders can take long positions at re-tag of the 1st standard deviation from outside at 1.5160 -...
USDJPY is breaking back into the 1st st deviation from weekly mean amid compressing volatility (measured by 3.2 st deviations from weekly mean), siting high probability to reach the mean itself @ 120 Traders can take long positions at the lower 1st standard deviation @ 119.625 with stops below relevant lows @ 119.17 Traders should also mind JP news coming out 0:30 UTC
Since about 2013 Gazprom trades laterally in relation to 1-year mean, giving abundant opportunity to take mean revertion trades. Mean revertion trade is when price goes from either 1st standard deviation from the mean to the mean itself On the chart I have pointed out such opportunities in the past (blue arrow is approximate entry towards the mean, highlighted...
GBPUSD is on risk of mean revertion downwards trade. Price is tagging upper 1st standard deviation from weekly (120-h) mean) from inside amid compressing volatility (measured by 3.2 standard deviations) Traders can take short positions at the 1st standard deviation (1.5450) with stop above relevant highs (1.5485) and targeting the weekly mean (now at...
USDCAD is trading laterally recently around its weekly mean. Currently price is again at its relevant range upper border, marked by 1st standard deviation from weekly (120-h) mean. Volatility is compressing, hinting us that another mean revertion is likely in the cards (downwards this time) Traders can pick shorts close to the upper 1st standard deviation...
After a sharp up move earlier this week EURUSD has retraced its gains significantly. However it did not yet enter a downtrend on weekly basis - price is returning to its 1st standard deviation from weekly (120-h) mean amid compressing volatility (marked by 3.2 st deviations from the mean) Thus the price is likely to revert up to the weekly mean within a day or...
USDJPY reentered 1st standard deviation from weekly (120-h) mean after a sharp drop earlier this week In my previous chart I also mentioned that USDJPY held long term levels (see related) Price is now likely to tag the weekly mean, as it moves into usual lateral range USDJPY is also supported by BOJ, continuing its extensive monetary stimulus Traders can take...
American Express has fallen below 1st standard devations from quarterly (66-day) and yearly (264-day) means, thus entering short term downtrend Price is also trading within 1-st standard deviation from 10-year (520-week) and 5-year (260-week) moving averages, meaning that it is in lateral trend on long term basis If the short term downtrend holds (price trading...
USDJPY is breaking below the 1st standard deviation from weekly (120-hour) mean after a leg of uptrending move. Price is likely to tag the mean before continuing further - to recharge volatilty. Traders can pick shorts close to the upper 1st standard deviation (124.70) aiming to the mean (124.30) Stops should be placed above relevant highs (125.10), tagging of...