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ADX

ALL THINGS EXTREMELY BULLISH ON THE DAILYSo it was worth the wait and now easy to say that things are in the green and at least trending bullish for bitcoin at the moment when looking at the Daily chart... We have a confirmation with the price breaking above the cloud after forming a TK crossover and the Cloud crossing as well to now form a bullish colored cloud. We also have a visual confimation with the Parabolic SAR showing us that the dot is below the priceline stating that it is currently bullish and letting us know price will continue to climb, We also have a cross of the 80 RSI stating that we are now in a bullish break out and for at least at this moment will continue to climb in both price and volume. We have a comfimation with the ADX letting us know momentum is now green and bullish too. And then finally the MACD is has now also crossed over and still very low at the bottom of the trend letting us know that with volume the price will now continue to grow and continue to climb. So everyone be careful, set your stop loss (which for me is usually set near the converstion line of the ichimoku or at the price or first cloud line depending on the momentum), and be happy because the charts are saying that all things are bullish at the moment and should continue to climb!!
Long
by gunbot_scooby
Short Trade Opinion fot Cotton ( CT1!)Hi guys. I hope my post finds you all well ! I post my recent trading idea specific for Cotton No.2 CT1!. As we see from digramm we are at a recent bounce back from the upper bollinger until the median, I expect that it will go as far as the lower bollinger with a target price at 72,20 $ . This opinion is confirmed also by ADX indicator which signs a short signal through that crossover from -DI and +DI. Also this opinion is confirmed by RSI which turned down through the last close of market and confirms the sell signal . So 3/3 ! I hope you find that usefull ! Invest with safety. Be well !
ICEUS:CT1!Short
by OmenFinance
$BTC extension targetsTrend momentum, measured by the ADX indicator, is just starting to come to life. Momentum for the bears is light, but is growing. This move in momentum, along with the downside break of the red 61.8% Fibonacci retracement line, puts the previous 3128 low in jeopardy. Setting up a Fibonacci extension with eyes on the black 1.272% level gives a nice target to watch on a break to a new low. This level matches up well with a significant support level back in 2017. If momentum really kicks into gear for the bears then the black 1.618% extension level could be another target. Following the trend and waiting for RSI signals to get up outside of the red bearish zone before considering any major long positions. Staying short for now. Thoughts, comments, or questions let me know!
COINBASE:BTCUSDShort
by FiboSwanny
Trend momentum starting to build for the bulls in $BTCThe neckline of an inverted head and shoulders is being examined as resistance, and all eyes will be on internal trend momentum to see if the price can breakout to the upside to continue wave 3 of the new motive wave to the upside. The ADX measures the strength of trend momentum and the indicator is turning to the upside inside a trend strength building zone (above 20) as the green positive directional index inches higher to signal a bull trend... a good sign for the bulls. This should make the psychological $4000 area support and the neckline should continue to be pressured this week with a likely upside break. The RSI is validating this call with the oscillator staying inside the bullish zone, which supports the market. $5200 is the minimum wave 3 call on a breakout ... all stops are placed underneath the 61.8% Fibonacci level around $3600. Happy trading! buy dips! Thoughts?
BITFINEX:BTCUSDLong
by FiboSwanny
2
Testing Support for Bulls on $BTC Daily ChartSupport at the 61.8% level from the latest low and high is being tested as support. Daily momentum is posting weak signals and likely not enough to push price through the golden ratio. The ADX is still in a trend strength zone, and the directional index lines are flattening out. This looks lie a picture of a correction against a new near-term bullish move. The RSI is holding support inside its bullish zone at the same time price is trying to hold the floor along the 61.8% level. If this level holds as support I can see a 5-wave scenario to lift the price to the 61.8% Fibo level in the coming weeks. Wave 2 can retrace all the way back to the beginning of wave 1 and still be legit. My sell stops would be a new low under $3215.20. For now the floor holds and higher prices ahead in the coming weeks.
BITFINEX:BTCUSDLong
by FiboSwanny