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Exponential Moving Average (EMA)

LOONIE Likely To test 1.30600 After EMA 50 & Trendline Break Hello Viewers, this is an instant trade signal! Therefore, please have a look at the main chart for the following vital trade details: • ENTRY POINT • STOP LOSS • TAKE PROFIT • RISK TO REWARD The setup may look simple but I can assure you it is NOT. There are various in depth technical and fundamental analysis incorporated behind the execution. I would very much love to explain these two aspects here but doing that would consume ample amount of time which could affect the appropriate entry point behind this trade! So, to keep it simple the main chart just displays the simplified technical view of this trade. My way of performing technical analysis basically starts by breaking down the monthly Timeframe down until the One Hour charts. The following are the aspects I focus most on when performing technical analysis: • Draw Support & Resistance through key common psychological levels on M & W Charts. This helps me to see where the price might stall or breakout. • Draw Trendlines to determine the dynamic support and resistance levels present on the charts. This helps me to determine where the price might stall and most importantly help determine the path of least resistance behind the active trade. • I also tend to use EMA 50 on all the Timeframes. This EMA 50 is proficiently proven to act as dynamic support and resistance and is vital behind all my analysis. • Lastly, I tend to use classic pivot levels to determine my entry, stop loss and take profit levels. The combination of this and all of the above helps me determine the precise and likely trade targets behind the setup. Another aspect of my way of analysis is reading a lot of news to determine the fundamental aspects affecting any trade. After the technical analysis is performed, I tend to match if the fundamental aspect really supports my technical analysis. Therefore, as you could see, putting all my thoughts here would surely take up a lot of time which could make the price drift away from the entry price thus affecting the Risk to reward ratio. I understand it is vital for many of you to know the details behind this trade setup, and so if you are interested you could send me message and I will try to share most of what I can! The Above words are just template I use in all my trades. Shall there be any updates I will provide them here. Thank you
Short
by FX618Analysis
EOSBTC Diamond Pattern| Breakout Imminent !Hello Traders! Today’s Chart update will be on EOS/BTC, we have a potential diamond pattern coming into its apex, suggesting that a break in either direction is imminent… Points to consider - Trends is overall bearish - Local support and resistances are posed by the diamond formation - Structural resistance in confluence with diamond bull break - Stochastics trading neutral - RSI approaching apex zone - EMA’s neutral, no clear direction - Volume declining - VPVR decreasing in transactions in both bull and bearish direction of the diamond pattern EOS macro trend is considered to be bearish, putting in consecutive lower highs as it entered into to current diamond pattern. Local resistance and support of the diamond pattern are converging, coming closer to its apex; a break will be imminent in the near future. Structural resistance is in confluence with the technical bull break target of the diamond pattern. A bear break target will however post new yearly lows for EOS, a break in either direction is imminent, we just need to wait for confirmation. The Stochastics is currently trading neutral, momentum is stored both ways for the bulls and bears, we don’t have a clear direction as of yet. The RSI is however approaching its apex; a break will come to fruition which will be in confluence with the actual price break from the diamond pattern. EMA’s are quite neutral with no clear direction; price is clearly trading through it. A break will establish either support and or resistance for the EMA’s, this will obviously be in confluence with a bull and or bear break. Volume is declining, low volume suggests that a breakout is coming; we need to see an influx of volume with follow through to avoid a false breakout. The VPVR is quite interesting, volume of transactions have decreased both ways, this signals low levels of resistance posed by the VPVR when price breaks its apex… Overall, IMO, a break from this pattern in either direction is very close, with concessive targets. We have volume declining as price comes closer to its apex, an influx of volume is more likely to come to fruition which will signal the break from the pattern. What are your thoughts on this diamond pattern? Please leave a like and comment, And remember, “Accepting losses is the most important single investment device to insure safety of capital.” – Gerald M. Loeb
by AzizKhanZamani
BTCUSD Adam and Eve Formation | Double Bottom ! Hello Traders! Today’s chart update will be on Bitcoin’s recent developments, a potential bullish formation, an Adam and Eve bottoming is playing out... We also have a visible double bottom within this formation. Points to consider, - Trend Consolidating after initial bull move - Support is found in the green zone - Local resistance is at the $9,700 area - Stochastics currently trading neutral - RSI respecting trend line - EMA’s supporting price - Volume has tapered off - Technical target in confluence with local top After recent pump in bitcoin’s price, it has been consolidating above the $9,000 price, which is very bullish. Adam was formed by a V-Shape recovery and Eve is currently being formed by a rounded bottom, this technically is a bullish formation, a pattern that needs to break resistance for confirmation. Support is found in the green zone, price has tested this area twice, putting in a potential double bottom within a bullish formation. Local resistance is found at the $9,700 area, this is a key area in the bullish formation, and it needs to break for a confirmation and a continuation in the overall trend. The Stochastics is currently trading neutral, is has stored momentum in both directions. We need to see more signs to determine where the stochs are headed. The RSI however is respecting its trend line; it needs to hold for Eve’s rounding bottom to complete. The EMA’s similarly to the RSI needs to hold price as support to complete Eve’s rounding bottom as it comes into local resistance. Volume is very important to watch if and when price testes local resistance. We need to see an influx of bull volume upon breakout; this will complete and confirm the bullish formation. Overall, IMO, this Adam and Eve pattern will come to fruition if the EMA’s successfully hold price as it comes into resistance. A break needs to be backed by bull volume to avoid the chances of a false break. The technical target for this Adam and Eve formation aligns perfectly with the local top… What are your thoughts? Please Leave a like and comment And remember, “Dangers of watching every tick are twofold: overtrading and increased chances of prematurely liquidating good positions” – Jack Schwager
BYBIT:BTCUSD.PLong
by AzizKhanZamani
EURAUD Short Trade Executed! Price Aiming For 1.61850 LevelHello Viewers, this is an instant trade signal! Therefore, please have a look at the main chart for the following vital trade details: • ENTRY POINT • STOP LOSS • TAKE PROFIT • RISK TO REWARD The setup may look simple but I can assure you it is NOT. There are various in depth technical and fundamental analysis incorporated behind the execution. I would very much love to explain these two aspects here but doing that would consume ample amount of time which could affect the appropriate entry point behind this trade! So, to keep it simple the main chart just displays the simplified technical view of this trade. My way of performing technical analysis basically starts by breaking down the monthly Timeframe down until the One Hour charts. The following are the aspects I focus most on when performing technical analysis: • Draw Support & Resistance through key common psychological levels on M & W Charts. This helps me to see where the price might stall or breakout. • Draw Trendlines to determine the dynamic support and resistance levels present on the charts. This helps me to determine where the price might stall and most importantly help determine the path of least resistance behind the active trade. • I also tend to use EMA 50 on all the Timeframes. This EMA 50 is proficiently proven to act as dynamic support and resistance and is vital behind all my analysis. • Lastly, I tend to use classic pivot levels to determine my entry, stop loss and take profit levels. The combination of this and all of the above helps me determine the precise and likely trade targets behind the setup. Another aspect of my way of analysis is reading a lot of news to determine the fundamental aspects affecting any trade. After the technical analysis is performed, I tend to match if the fundamental aspect really supports my technical analysis. Therefore, as you could see, putting all my thoughts here would surely take up a lot of time which could make the price drift away from the entry price thus affecting the Risk to reward ratio. I understand it is vital for many of you to know the details behind this trade setup, and so if you are interested you could send me message and I will try to share most of what I can! The Above words are just template I use in all my trades. Shall there be any updates I will provide them here. Thank you
Short
by FX618Analysis
CRLBF Key Resistance | Trend Reversal? Hello Traders! Today’s chart update will be on CRLBF – CRESCO LABS INC, potential trend reversal if local resistance is broken. Price is building up near resistance, is a break imminent? Points to consider, - Trend bearish, attempting a higher low - Support provided by the EMA’s - Local resistance being tested - Stochastics projected upwards - RSI respecting support line - Bear volume decreasing - VPVR spikes in volume, confluence with Fibonacci Retracement and Extension levels. CRLBF right now is attempting to break local resistance, a key level in the trend, when if broken will confirm a trend reversal as this will put in a local higher low. Support is currently being provided by the EMA’s, there has been a bull cross, price is holding near resistance (build up), this signals strong buy pressure which increases the probability of a breakout. If a breakout was to come to fruition, the technical target will be at structural resistance; this area is of heavy confluence as it is a key technical level. We have the Fibonacci retracement, .50 level; in confluence with the Fibonacci extension level 1.414. A test up to and retracement from structural resistance will put in a healthy higher low for the overall trend. The stochastics is currently projecting upwards; momentum is stored for a breakout. However a rejection from current area will have the stochastics in favour of the bears due to more downside room. The RSI is respecting its trend line, needs to hold for a breakout to come to fruition, it is currently trading in neutral territory, we are not in extreme overbought/sold regions as of yet. Bear volume is visible decreasing, we can see strong bull volume in current level, this signals that buying pressure is greater than selling pressure; bulls have a greater probability of breaking out from here. The VPVR is quite interesting, its cluster of transactions increases near structural resistance. This level is a very good technical target for CRLBF, due to confluences from the Fibonacci Retracement Level .50 and the Fibonacci Extension level 1.414. In other words the more technical confluences within an area, the more significant that area will be once tested. Overall, IMO, CRLBF is probable to reach its technical target due to strong bull volume near resistance. This will allow the stock to put in a higher low, changing the overall market structure… What are your thoughts? Please leave a like and comment, And remember, “Trade What’s Happening…Not What You Think Is Gonna Happen.” – Doug Gregory
OTC:CRLBFLong
by AzizKhanZamani
ETHBTC Oversold Bounce? Key Support Area| Volume Climax Hello Traders! Hope your all enjoying your weekend, Today’s update will be on ETHBTC, key levels to watch after this initial dump, will a bounce come to fruition or a continuation? Points to consider, - Trend broke out of falling wedge pattern on the macro timeframe - Support at .50 Fibonacci - Local resistance in confluence with local top - Stochastics in lower regions - RSI currently oversold - EMA’s yet to meet price - Volume climax Bars After initial break from its falling wedge pattern, ETH topped out at local resistance before a massive dump to the .618 Fibonacci retracement level. It is currently holding support at the .50 Fibonacci level, the wicks down to the .618 level signals that buyers a strong, this area is also in confluence with local support. Resistance is where price has locally topped out; ETH needs to break this key level for a bullish continuation in the overall trend. The stochastics is currently in lower regions, no bottoming signal yet, it can stay in these regions for an extended period of time, a bounce however will have a lot of stored momentum to the upside. The RSI is currently way oversold, needs to cool off from these areas, if price holds support and moves up then the RSI will have a chance to recover so with other indicators… EMA’s are yet to meet price, it has been holding as resistance thus will add more selling pressure to the price when it meets at local support. A cross of the EMA’s at local support will be extremely bullish… Volume has climaxed, signally a temporary bottom for ETH, unless price breaks through the .618 Fibonacci within the next couple days. Overall, IMO, local support is strong here, last time ETH wicked down; it had a rally into local resistance. Bulls need to defend this key level, otherwise yearly lows are on the cards if support was to be broken. What are your thoughts? Please leave a like and comment, And remember, “Only The Game , Can Teach You The Game” – Jesse Livermore
Long
by AzizKhanZamani
BTC Parabolic Rise|Correction?Volume Climax and Key Resistance Hello Traders ! Quick Update on Bitcoin! What a move for BTC from its critical support zone (noted on previous chart)! Price is now trading around major resistance; will a correction be more probable from here or a continuation of the parabolic trend? Points to consider - Trend still parabolic - Testing major structural resistance - Local resistance at .236 Fibonacci level - Stochastics topping out - RSI in overbought territory - EMA’s yet to meet price - Volume climax BTC has had an insane parabolic rise with extreme bull volume taking out key resistance levels, negating the overall market structure… Price is now testing structural resistance, now potential support if bulls are able to hold this level successfully; this will more likely then confirm a continuation. Local resistance is in confluence with the .236 Fibonacci level, sellers are looking very strong above that area due to the long wicks. The Stochastics is currently topping out, no real clear direction as it can stay in upper region for an extended period of time. RSI is quite overbought; a correction will help cool it off. EMA’s are yet to meet price, it must hold price as support to confirm a continuation of the trend, however it does have a long distance to meet price. We also have an extreme volume climax bar, which signals that, a temporary top maybe in for bitcoin… Overall, IMO, a correction may be more probable, but it’s too early to tell, we need price to mature a little more. Consolidation in the orange box will allow the indicators to cool off and confirm support of a key level. However if this level breaks, then we are more to test the .6181 Fibonacci level. What are your thoughts? Please leave a like a comment, And remember, It does not matter how slowly you go as long as you do not stop.”Confucius
BITFINEX:BTCUSDShort
by AzizKhanZamani
2
BTCUSD Critical Support Area! Potential Falling Wedge?Hello Traders! Volatility is back for Bitcoin! The bear flag came to fruition (chart in link below), Bitcoin is now currently testing a critical support zone which needs to hold otherwise lower lows are at play. The chart is somewhat also forming a potential falling wedge formation, which is a bullish pattern, are we probable to see a bounce from current lows? Points to consider, - Trend bearish, consecutive lower highs - Critical support being tested - Local resistance at .50 Fibonacci - Stochastics in lower regions - RSI testing trend line - EMA’s giving price resistance - Spike in volume upon breakout BTC confirmed its bear flag formation with a decisive break with above average volume, the technical target for this bear flag coincides with major structural support. Critical support in the meantime is being tested, price has wicked and bounced of the .618 Fibonacci level at current given time. Local resistance is as the .50 Fibonacci level, which needs to be breached if we see a bull break from this potential falling wedge pattern. This will allow price action to put in a local higher low… The stochastics is currently in the lower regions, needs to cross over for upside momentum, the Stochs can stay very irrational in lower regions; we need to see a confirmed cross for upside momentum. RSI is quite interesting, it is respecting its trend line, the current third touch needs to hold, which will put more emphasis on a potential bullish divergence being at play. EMA’s are currently giving price strong resistance, they need to cross bullish otherwise we simply remain in a distinctive bear trend. Volume has had a decent spike upon this bear flag break, this confirmed that the break wasn’t false, for a continuation either way, we need to see an increase in volume otherwise consolidation may be at play at current level. Overall, IMO, if the current level does not hold, BTC is more probable to test major structural support, which is the technical target of the bear flag. If price does hold, we are more probable to test upper resistance of the potential falling wedge pattern; it all really depends on volume at current given time… What are our thoughts? Please leave a like and comment And remember, The goal of a successful trader is to make the best trades. Money is secondary. – Alexander Elder
BITFINEX:BTCUSD
by AzizKhanZamani
CGC Critical Support|Falling Wedge|Bullish Divergence|Open GapHello Traders! Update on CGC – Canopy Growth Corporation, testing critical support in a potential falling wedge pattern that has a bullish divergence coming to fruition, will CGC have a relief rally from here? Points to consider - Trend Bearish with consecutive lower highs - Major structural support being tested - Resistance at .50 Fibonacci - EMA’s giving price resistance - Stochastics projected upwards - RSI converging from price - Volume below average - Open Gap - Technical target in confluence with .50 Fibonacci Level CGC has been trading in a distinctive bear trend within this falling wedge formation that has yet to be broken. We have consecutive lower highs as the trend comes into its probable apex zone. Major structural support is getting tested, currently holding true, this is critical as it’s in confluence with the falling wedge’s apex zone. A break of this level will negate the formation, leading to local support being more probable to be tested. Resistance on the other hand is at the .50 Fibonacci level, this is a key area as it is in confluence with the technical target of the falling wedge… The Stochastics is projected upwards; momentum is in favour of the bulls if price where to break up and above from current resistance line. The RSI is currently putting in higher lows; divergence from price as it puts in lower lows, this just further confirms the theory of a bullish divergence playing out. Volume is below average at current given time; we need to see an influx of volume upon breakout to ensure that it’s not a fake out. A breakout and an influx of volume will make the EMA’s cross bullish which will confirm the trend reversal as currently it’s giving price heavy resistance. Overall, IMO, CGC is more probable to break bullish from this formation as we are testing a critical support level, we also have an open gap, and gaps always tend to fill if you look at price history. The technical target for the falling wedge will be met at the .50 Fibonacci which is in confluence with structural resistance. What are your thoughts on CGC? Please leave a like and comment, And remember, Don’t worry about what the markets are going to do, worry about what you are going to do in response to the markets - Michael Carr
CLong
by AzizKhanZamani
USDCHF Likely To Test 0.97500 Level After Trendline Violation!Hello Viewers, this is an instant trade signal! Therefore, please have a look at the main chart for the following vital trade details: • ENTRY POINT • STOP LOSS • TAKE PROFIT • RISK TO REWARD The setup may look simple but I can assure you it is NOT. There are various in depth technical and fundamental analysis incorporated behind the execution. I would very much love to explain these two aspects here but doing that would consume ample amount of time which could affect the appropriate entry point behind this trade! So, to keep it simple the main chart just displays the simplified technical view of this trade. My way of performing technical analysis basically starts by breaking down the monthly Timeframe down until the One Hour charts. The following are the aspects I focus most on when performing technical analysis: • Draw Support & Resistance through key common psychological levels on M & W Charts. This helps me to see where the price might stall or breakout. • Draw Trendlines to determine the dynamic support and resistance levels present on the charts. This helps me to determine where the price might stall and most importantly help determine the path of least resistance behind the active trade. • I also tend to use EMA 50 on all the Timeframes. This EMA 50 is proficiently proven to act as dynamic support and resistance and is vital behind all my analysis. • Lastly, I tend to use classic pivot levels to determine my entry, stop loss and take profit levels. The combination of this and all of the above helps me determine the precise and likely trade targets behind the setup. Another aspect of my way of analysis is reading a lot of news to determine the fundamental aspects affecting any trade. After the technical analysis is performed, I tend to match if the fundamental aspect really supports my technical analysis. Therefore, as you could see, putting all my thoughts here would surely take up a lot of time which could make the price drift away from the entry price thus affecting the Risk to reward ratio. I understand it is vital for many of you to know the details behind this trade setup, and so if you are interested you could send me message and I will try to share most of what I can! The Above words are just template I use in all my trades. Shall there be any updates I will provide them here. Thank you
Short
by FX618Analysis
KIWI Likely to Test 0.62500 level After Support Break!Hello Viewers, this is an instant trade signal! Therefore, please have a look at the main chart for the following vital trade details: • ENTRY POINT • STOP LOSS • TAKE PROFIT • RISK TO REWARD The setup may look simple but I can assure you it is NOT. There are various in depth technical and fundamental analysis incorporated behind the execution. I would very much love to explain these two aspects here but doing that would consume ample amount of time which could affect the appropriate entry point behind this trade! So, to keep it simple the main chart just displays the simplified technical view of this trade. My way of performing technical analysis basically starts by breaking down the monthly Timeframe down until the One Hour charts. The following are the aspects I focus most on when performing technical analysis: • Draw Support & Resistance through key common psychological levels on M & W Charts. This helps me to see where the price might stall or breakout. • Draw Trendlines to determine the dynamic support and resistance levels present on the charts. This helps me to determine where the price might stall and most importantly help determine the path of least resistance behind the active trade. • I also tend to use EMA 50 on all the Timeframes. This EMA 50 is proficiently proven to act as dynamic support and resistance and is vital behind all my analysis. • Lastly, I tend to use classic pivot levels to determine my entry, stop loss and take profit levels. The combination of this and all of the above helps me determine the precise and likely trade targets behind the setup. Another aspect of my way of analysis is reading a lot of news to determine the fundamental aspects affecting any trade. After the technical analysis is performed, I tend to match if the fundamental aspect really supports my technical analysis. Therefore, as you could see, putting all my thoughts here would surely take up a lot of time which could make the price drift away from the entry price thus affecting the Risk to reward ratio. I understand it is vital for many of you to know the details behind this trade setup, and so if you are interested you could send me message and I will try to share most of what I can! The Above words are just template I use in all my trades. Shall there be any updates I will provide them here. Thank you
Short
by FX618Analysis
1
LOONIE Likely to Test 1.31600 Level After Trendline Break!Hello Viewers, this is an instant trade signal! Therefore, please have a look at the main chart for the following vital trade details: • ENTRY POINT • STOP LOSS • TAKE PROFIT • RISK TO REWARD The setup may look simple but I can assure you it is NOT. There are various in depth technical and fundamental analysis incorporated behind the execution. I would very much love to explain these two aspects here but doing that would consume ample amount of time which could affect the appropriate entry point behind this trade! So, to keep it simple the main chart just displays the simplified technical view of this trade. My way of performing technical analysis basically starts by breaking down the monthly Timeframe down until the One Hour charts. The following are the aspects I focus most on when performing technical analysis: • Draw Support & Resistance through key common psychological levels on M & W Charts. This helps me to see where the price might stall or breakout. • Draw Trendlines to determine the dynamic support and resistance levels present on the charts. This helps me to determine where the price might stall and most importantly help determine the path of least resistance behind the active trade. • I also tend to use EMA 50 on all the Timeframes. This EMA 50 is proficiently proven to act as dynamic support and resistance and is vital behind all my analysis. • Lastly, I tend to use classic pivot levels to determine my entry, stop loss and take profit levels. The combination of this and all of the above helps me determine the precise and likely trade targets behind the setup. Another aspect of my way of analysis is reading a lot of news to determine the fundamental aspects affecting any trade. After the technical analysis is performed, I tend to match if the fundamental aspect really supports my technical analysis. Therefore, as you could see, putting all my thoughts here would surely take up a lot of time which could make the price drift away from the entry price thus affecting the Risk to reward ratio. I understand it is vital for many of you to know the details behind this trade setup, and so if you are interested you could send me message and I will try to share most of what I can! The Above words are just template I use in all my trades. Shall there be any updates I will provide them here. Thank you
Short
by FX618Analysis
ICXBTC Fractals | Potential Bottom Formation! Hello Traders, Today’s chart update will be on ICXBTC, where potential fractals are playing out. We have local resistance formed, followed by a dump retracing back to the .236 Fibonacci level and dumping again. ICX may be on the verge of dumping again according to the fractals however we do see bear impulses declining significantly on each dump, could this be the bottom forming? Points to consider - Trend bearish on daily - Resistance at the .50 Fibonacci level - New trend line acting as local support - Stochs showing downwards projection - RSI testing trend line - EMA’s natural at current time - Seller getting exhausted - Volume is declining ICX is in an interesting position on the chart where there are indictors pointing towards a bottom formation… The daily trend needs to put in higher lows to change the trend which can be achieved through breaking the .50 Fibonacci level, which is currently being test right now. We have a new trend line being established. This needs to hold otherwise price will be bearish if broken, putting emphasis on the fractals coming to fruition. The RSI is currently testing its trend line, a hold and respect of this trend line will greatly increase the probability of this being the bottom. The EMA’s is neutral at currently give time, price is trading within it as we don’t have a clear cross and direction. Most noticeably, IMO, is that these fractals are losing steam as the bear impulses are getting smaller. If price holds and respects the trend line and puts in a higher low,that would be really bullish, a potential local bottom will be in place, however this needs to be confirmed with having an increase in bull volume… What are your thoughts? Please leave a like and comment
Long
by AzizKhanZamani
ETHBTC Testing Critical Resistance Level!Hello Traders! Today’s chart update will be on ETHBTC which is testing a very critical resistance level in its established 4hr time frame bull trend. A break of this local resistance will increase the probabilities of testing major structural resistance, presenting a potential trade set up. Points to consider, - Trend line being respected - Price testing local resistance - Support found at .50 Fibonacci - Stochastics in upper region - RSI testing its resistance - EMA’s supporting price - Volume increasing - VPVR showing a decrease in volume of transactions ETH is looking very bullish as it respects its trend line, confirmed by three touches; this trend line comes perfectly into local resistance. This local resistance is a very critical level as a break will continue this bullish bias; a rejection will negate market structure, putting in a potential triple top. After initial bull impulse, support was found at the .50 Fibonacci Level, being in confluence with the trend line, this area was very strong for bulls who were able to continue the trend. The Stochastics is currently trading in the upper region where it can stay for an extended period of time; there is no evidence of downside momentum at current given time. The RSI is currently testing it resistance, coming closer into its apex, a move will be imminent very shortly. EMA’s are holding price support as it comes into local resistance; overall support is very strong for the bulls as the EMA’s are in confluence with the trend line. Volume itself is showing an increase, this needs to continue upon the break of local resistance to avoid the chances of a fake out. The VPVR visibly shows a decrease in volume of transactions between the two segments of local resistance and major structural resistance. This tells us that bulls will have a greater probability of reaching technical target due to the low level of resistance from the VPVR. Overall, IMO, a break from this critical level will be extremely bullish and will give us a trading opportunity. A break bearish from trend line will negate market structure and a retrace back to the .50 Fibonacci will be more probable… What are your thoughts on ETHBTC? Please leave a like and comment, And remember, “Hope is bogus emotion that only costs you money.” – Jim Cramer
Long
by AzizKhanZamani
Triple EMA & Double Aroon StrategyThis is my revision of the 20,50,200 Ema&Aroon strategy. Link provided. I've added a second Aroon a indicator set to 50. This allows you even greater insight and accuracy to the beginning of a trend as well as greater accuracy in determining when the pair is consolidating. In most cases, if the Aroon 25 doesn't catch the beginning of a good trade signal, the Aroon 50 will. This is also true vise versa. Remember to always get confirmation when taking your trades. Enjoy! I have recently gathered data using this strategy on AUDUSD as well as USDJPY and this system seems to work fine on those pairs as well. This strategy can also work on the 30 Minute time frame as well as 1 hour and 5 Minute. Although it becomes more difficult to determine confirmation on trade signals at lower time frames such as 5 Minute and below. AUDUSD USDJPY
by RagingSniper
BTC Bullish Divergence and CME Gaps Filled!Hello Traders! Today’s analysis will be on Bitcoin’s recent developments, Bullish Divergence and CME futures gap filled, could a bounce be more probable from current rage? There are a few technical indicators that point towards a market bounce Points to consider, - Clear bullish divergence on hourly timeframe - Major resistance at .236 Fibonacci level - Major structural support at 8K level - Stochastics turning bullish - RSI respecting upwards trend - VPVR showing low volume of transactions - Volume well below average - Volume climax candles - EMA’s yet to meet price Bitcoin has finally filled its CME futures gap around the $8,000 mark where it held support and traded this region to form a potential bullish divergence. Price is making lower lows whilst the RSI makes consecutive higher highs. Local structural resistance for bitcoin is the $9,200 mark, which is in confluence with the .236 Fibonacci level. A break from this level will be quite bullish… The stochastics are on the verge of turning bullish, signifying that the downside steam has cooled of and a move upwards is more probable. RSI is respecting it’s upwards trend, we need to see it continue to diverge from price, and this will cool of the indicator from oversold conditions… VPVR is quite interesting, as there is no high volume traded between current support and resistance, a bull move up would not experience heavy resistance due to lack of volume traded between the two regions. The volume profile is also quite interesting; we’ve had multiple volume climax candles and large wicks being bought back up. This signifies a strong level of support that is defended by the bulls. The EMA’s have not yet reached price so, at current time being, it is bearish until we see a bullish cross… It is more probable for Bitcoin to bounce and retest local support; it would be a natural market reaction after a straight flush down. This is supported by the tentative bullish divergence forming at current given time. What are your thoughts on Bitcoins current price action? Please leave a like and comment And remember, A streak of winning trades can boost your ego and self-confidence to such an extent that you start believing that you’re invincible. If that is the case, try to take a break from trading to calm your emotions down.
BITMEX:BTCUSD.PLong
by AzizKhanZamani