Moving Average Convergence / Divergence (MACD)
Short JumpAdeX crossing lower line of triangle, by looking at indicators we can see soon trend change. It's a good time to buy and hold for 3-4 days.
Next 24 hours crucial for BTC. The selloff from $5000 seems to have stabilized, falling back to the previous support above $4500. We seem to have slowed the rate of decline, with MACD approaching neutral on the 1hr chart. DMI is of concern as the blue +DI and orange -DI are reversed, which indicates strong bearish pressure. If the red ADX line moves into the space between it will indicate a short entry point.
I will be watching whether price activity stays within the downward diverging channel, and whether price support holds above the $4500 level. I suggest setting a stop loss under the support or moving your BTC to alts until we see a breakout before September 5.
Breakout Setup -RSI & MACD- $PHActually some decent characteristics coming together for this chart.
RSI has a top side resistance line that it is nearing. Today it closed at its "uniform action" line seen in the green. Look for a break of the green line first. This could be a level 1 entry. A level 2 entry on the top side resistance line break. Obviously we are looking for volume at the break.
^if it breaks top side resistance on the RSI expect it to also be breaking the price action resistance at the same time
MACD also giving a solid setup. About to break a trend line at the same time that it would also perform a zero crossing. This would be 2 signals in one and carries more weight than a single MACD signal.
Overall chart looks good.
Fundamentally the company has decent growth I know. As far as fundamental drivers for this I could not tell you. Its an industrial. S&P IQ has a positive outlook for the sector.
That time I literally sold into a decent buy signal - $MU -MACD & RSI both were saying to buy. Yet I locked in gains on my existing position. Should have added maybe. Original target was High 31s. Sold at low 31s instead. With absolutely no sell signals in sight. I have learned my lesson here.
Would have scaled out of position if I could have. But I only had a $1k position so that was not much of an option with trade commissions on TD being so high for a small account.
Switching to Interactive brokers here soon so next time I will be able to scale out on stupid decision like this if I want---- but bottom line. This was a stupid sell. Not a sell signal in site.
My best trades come when I buy with at least 3 buy signals--------- and sell when I have at least 2 sell signals.
XPO another breakout setup - RSI -We generated two buy signals in the last week using RSI.
Now we are getting another potential buy setup when we look at the RSI. Notice the horizontal line. This is know as the "uniformity method", a term coined by Eric Muathe. If we break above that RSI line we are good to go. Notice that the MACD is also about to cross zero. This is a strong buy signal from MACD.
This is a good setup.
Please post below with questions and comments my friends
Bitcoin Will Go Down AgainBitcoin has found a resistance level before reaching $4500. It is now trying to go back up again, but as you can see on the MACD indicator we have a pattern of bearish divergence showing again. On August 14 we had a similar pattern showing and Bitcoin went below $4000 after that.
Conclusion: Watch out for price drops. If the price starts falling you will know that it might be time to consider strategies other than holding.
$AMTD trade closed ---- 12% Gain -----I typed up a long explanation on this trade a couple of minutes ago and then computer crashed....Not bothering agin.... So sorry about that. Read the chart. It was a good trade. I will study it more ;)
$AMTD - Ready to sell on the signalIf RSI crosses below the bold green line on the RSI I am selling. MACD already giving a sell signal.
Up 15% as of right now.
Hard Stop loss in at $45.54, regardless of indicators.
Hoping for a green day
$SCHW needs to Catch support on the RSI trendlineWatch closely with more big banks reporting this week.
Ethereum Buy SignalThe market bounced from MA50 and the support zone. RSI confirms price reversal and MACD histogram confirms up movement. We have long opportunity and it's time to buy above 280.00 level. Stop orders for long trades should be below 200.00 level. The profit targets are at the downtrend line and the resistance level. We'll have to watch for price action near the downtrend line. Because it's a possible barrier for the up movement and price can reverses from this resistance line and falls lower to the support zone one more time. If the market breaks the downtrend line, we'll get additional confirmation for up movement. Long trades can be opened based on the daily and the hourly charts.
Classic Bearish MACD DivergenceThis was a classic case of Bearish MACD divergence. The price was forming higher highs and the MACD was forming lower Highs.
This could be a good reason to take a trade signal opposite of the trend. With out such indications trading reversals can be risky.
DASH: Took SupportSMA taking support, MACD Histogram is diverging (best Buy), Near to Trend line.
Buy at 0.073 for safe buy 0.078.
1st Target Red support Line.
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AUDJPY MACD divergence shortA divergence has formed on the MACD together with stochastic oversold conditions .
-YOUTUBE VIDEO-No reason to sell yet.Wait for your sell signals!Welcome! Check out my YouTube video explaining how to use technical analysis to trade $LUV. It is 20 minutes long. But I promise you that I am not wasting your time
youtu.be
Last week I posted a 5 minute chart on $LUV claiming that it was screaming a buy. I was right. So today (In the video) we are going to review how we could have traded this like the pros!!!'
Remember the best traders have a process and a system. In this video you will see the idea of systematic trading from the ground up.
A lot of the concepts seen on the 5 minute chart review came from my video i did on "How to trade $AMD on the 5 minute chart". It was a great video with an outstanding strategy and I highly recommend watching :)
I hope you enjoy this and find this helpful :)
Please if you have questions or comments POST THEM!!!!!!!!!!!
Bearish Ascending Triangle $SUPrice has broken down, next support is around 2% away.
- Classic bearish ascending triangle pattern
- MACD turning over and still negative
- RSI breakdown
- Price down trending, below all moving averages
Ethereum Entry Levels for BuyLet's think about possible entry levels using MA indicators and support levels. We can see how the market moves to the possible reversal levels. DMI indicator shows trend market conditions but ADX line falls and it tells us that we should not expect strong up movement within several days. MACD also confirms down movement. RSI falls to the oversold zone and we will be able to get a strong reversal signal. So, we have a good correction movement and out target should be to wait for price reversal in the direction of the main up trend. Buying zones can be near 260.00 level, MA50 line, 200.00 level and MA100 as a support line too. The main thing is - price must bounce from one of these levels and MACD histogram and RSI will have to confirm price reversal. Only after that we'll have to buy based on trading signals from the daily and hourly charts.
P.S. If you think this information can be useful, please, like it and share. Also I will be glad to read your comments )
SC push upAfter Numeraire is stablizing slowly SC can push back to where it needs to be.
Analysis based on structure 1/5min
ZECBTC @ PoloniexIt is a little bit late for this post; but, here it goes!
For the actual moment 4HRs time-frame does not show entry opportunity for long positions. Moreover, we are on all time high (ATH) region, which means that higher price can be reject due to 'take profit positions' from market.
Taking a closed look on the chart above, which is based on divergences, it is possible to see that prices wants to form a possibility of REGULAR BULLISH according to MACD; however, MACD's fast length and RSI still showing bearish pressure from market.
Let's see who it develops from now on =)
BTM following a cyclical cup and handlepattern on a 4 day periodBTM has been following this uptrend pattern over the past two weeks. My next buy will be about .0005 (on~ 06/26) and hoping to sell .0007 a few days later (~06/29).
Ichimoku cloud supports a general uptrend in BTMBTC so I think buying isn't overly risky - rather you want to buy at optimal entry points so focus on that so follow MACD and the supports
I'll answer any questions on this!
Donations if you feel inclined in BTC : 1PdYRwtiiyrs5fZw778XKD4SX3f8iaxMnd
Best,
Aaron
