LITECOIN LTCUSD Trading Opportunities Review Since Jan 2019LTC LITECOIN has been one of the leaders among thIS bullish run of 2019.
This idea reviews the trading opportunities of LTCUSD since January 2019 according to signals given by "9 Seasons Rainbow Multiple Time Frames Pattern" Indicator.
Symbol: Kraken:LTCUSD
Ribbons of time frames: 15m - 11H
Red Arrows Down: Short Trade
Green Arrows Up: Long Trade
Blue Arrows: Close existing position
Please scroll the chart to see the history since January 2019, try to recognize the patterns of colors combination for the following trading signals:
Short Trade to follow the bearish trend, eg: Yellow - Green -Red
Long Trade to follow the bullish trend, eg: Lime - Green -Lime
Short Trade to reverse, eg: Yellow - Green -Lime
Long Trade to reverse, eg: Green - Red - Blue - Red
Please leave your opinions and PM the author asking for free trail of "9 Seasons Rainbow Indicator".
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
9seasonsrainbow
What does USD mean in Crypto World? Is BITFINEX Heaven or Hell?Why do Crypto World still rely on USD as a value measurement?
1 Bitcoin == 1 Bitcoin is what we are looking forward, isn't it?
As human being, members of the society, we need to pay rent, food, all kinds of products and services and love, which are essential to make a living. However, Bitcoin and Crypto are not accepted by the traditional society for universal payment yet.
That is why, FIAT (USD) is still the rule to measure Bitcoin's value. You may not like it, the reality.
There are two popular methods to measure USD value in Crypto Exchanges: "USD" or "Stable Coin backed by USD".
Many exchanges use "BTCUSD", or "XBTUSD" for their Bitcoin - USD pairs, however, do those "USD" really equal to a US Dollar? Why do the price of Bitcoin value measured by "USD" differ from each other so much? The market is smarter than any algorithm.
The inflation of Bitcoin price based on "USD" normally means:
Hidden Cost: Much longer time and endless efforts to withdraw your "USD" balance to your bank account. (You don't even need to try - probably you will see many negative complains on Reddit) Or else, all transactions of Bitcoin -> USD will move to this exchange for the "highest" price, which is not the case.
As to "Stablecoin backed by USD", if a Stablecoin has credit problem, esp. the possible abuse of credit. The price of Bitcoin - Stablecoin of that exchange should be avoided being used for Technical Analysis, because the rule itself is wrong.
What a mess. BITFINEX could have been a perfect solution, if a Thether (USDT) were backed by a real USD. Many other exchanges provide only Stop order, which causes long wick. Do the exchanges benefit the long wicks ? I have no idea, really.
Where on earth is the "Dream Exchange" for Bitcoin and Crypto? Leave your comment, Buddy. PM me for Free Trial of "9 Seasons Rainbow MTF Indicator".
Silver's Two Scenarios, An Important TimeSilver is falling into Support Area, Two Scenarios:
Break the descending trend line, stand over it: Reverse
Being pressed by descending trend line, breakdown the support line, and keep falling.
For the current signals, 1st scenario has higher probability, let me say, 70%.
Indicators:
9 Seasons Rainbow Multiple Time Frames Pattern PRO
RSI
Signals:
Bullish Divergence (Oversold, Support, Blue) on 3H.
Failed Bullish Divergence ( Crazy Sold, Fuchsia) on 16H, which means the previous support was broken.
DISCLAIMER
This is only a personal opinion and does NOT serve as live trade call NOR trading advice.
Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
Future and Indices Watch 20190423 by 9 Seasons Rainbow IndicatorAssets being monitored: Gold, Crude Oil, Silver, SHCOMP, SPX500, NDX
Time Frame:
2H - 4D
XAUUSD: Bearish (Red) on almost all Time Frames
XAGUSD: Crazy Sold (Fuchsia) on 16H, 23H, indicates breakdown support, Bearish (Red) on most Time Frames
USOIL: Bullish (Green) on almost all Time Frames
SHCOMP: Bearish Divergence, Resistance / Overbought on 2H - 8H, a pull back is expected.
SPX500: Crazy Bought (Lime) on both small and big Time Frames, is breaking out, super Bullish
NDX: SAME AS SPX500
DISCLAIMER
This is only a personal opinion and does NOT serve as investing advice NOR trading advice.
Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
Forex Watch EURO PAIR 20190423 by 9 Seasons Rainbow IndicatorEURO is a weak as a whole, especially to USD, CAD, JPY, and GBP.
Euro Pairs being monitored:
EURAUD , EURCAD , EURCHF , EURGBP , EURJPY , EURUSD
Time Frame:
1H - 2D
EURUSD: Bearish (Red) across most Time Frames
EURCAD: Bearish (Red) on most Time Frames, Green on 1H, 85m, and White on 22H - wandering
EURGBP: Keep on range, Bearish Divergence / Resistance on 170m (3H), Yellow
EURCHF: Bullish (Green) across all Time Frames
EURJPY: Strong Pull back (Red) into previous support area
EURADU: Got valid support: Bull (Green) is filled on all Time frames between 1H and 11H, Bullish Divergence / Support on 680m (11H), Blue
DISCLAIMER
This is only a personal opinion and does NOT serve as investing advice NOR trading advice.
Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
Forex 9 Seasons Rainbow Indicator Watch: USD Pairs 20190423USD is strong as a whole.
USDAUD: as mentioned in my last idea "Forex Divergence Watch: USD Pairs 20190419", Bullish Divergence (Blue) has turned out to Crazy Bought (Lime)
Crazy Bought(Lime) in 1H, 85m, Bullish Run in high volatility.
USDCAD: is breaking out the resistance.
USD Pairs being monitored:
USDAUD , USDCAD , USDCHF , USDGBP , USDJPY , USDEUR
Time Frame:
1H - 2D
DISCLAIMER
This is only a personal opinion and does NOT serve as investing advice NOR trading advice.
Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
EOSUSD Day Trade Plan Apr 22 2019Bitfinex: EOSUSD
EN: 5.24 - 5.37 average: 5.305
SL: 5.491
Take Profit: 5.15, 5.1, 5.05, 5, 4.95, 4.9; Fib (0.5-0.382)
Expected Call Duration: 1 days to 4 days
Position Percentage: 20%
Leverage: 3.3
Risk Level: Medium
Call strength: Medium High
Indicator: 9 Seasons Rainbow Multiple Time Frames Pattern PRO
Signals:
Bearish (Red): 1H - 8H ribbans
Long Wick Bearish Hammer
Bitfinex: BTCUSD: Bearish Divergence, (Overbought / Resistance, Yellow) on Three ribbons > 2H and 15m, 22m
DISCLAIMER
This is only a personal opinion and does NOT serve as live trade call NOR trading advice.
Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
Watch Out for Possible BITCOIN PullbackBITCOIN is getting more and more dangerous for Bull. It may challenge the previous high, or even breakout into higher high. But the Marginal Revenue is decreasing for Long Trade.
So Bull gets to watch out for a possible Pullback.
It is still in Range, so it is up to the market.
Indicator:
9 Seasons Rainbow Multiple Time Frames Pattern PRO
RSI
Signals:
Bearish Divergence (Overbought /Resistance, Yellow) on 2H Time frame, which is strong short signal for Bitcoin, as discussed in my idea "Is Divergence the King or Queen of Crypto Technical Analysis"
Crazybought -> Overbought, Lime -> Yellow means the previous breakout is fading.
DISCLAIMER
This is only a personal opinion and does NOT serve as live trade call NOR trading advice.
Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
ETH DAY TRADE PLAN Apr 20 2019BITMEX: ETHUSD
EN: 173.5 - 178.5, average:176
SL: 180
Take Profit:170, 169, 168, 167, 166, 165 Fib(0.618-0.382)
Expected Call Duration: 1 days to 1 week
Position Percentage: 10%
Leverage: x 9
Risk Level: Medium
Call strength: Medium High
Indicator: 9 Seasons Rainbow Multiple Time Frames Pattern PRO
Signals:
Bearish Divergence, (Overbought / Resistance, Yellow) on 60m - 170m Time Frames
DISCLAIMER
This is only a personal opinion and does NOT serve as live trade call NOR trading advice.
Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
Forex Divergence Watch: USD Pairs 20190419USDCAD: Resistance in 1D, Yellow, Range
USDAUD: Conflict Signals
Bullish Divergence (Blue) in 339m (5.6H), Support
Bearish Divergence (Yellow) in 4D-5D Resistance
USD Pairs being monitored:
USDAUD , USDCAD , USDCHF , USDGBP , USDJPY , USDEUR
Time Frame:
1H - 2D
DISCLAIMER
This is only a personal opinion and does NOT serve as investing advice NOR trading advice.
Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
Forex Divergence Watch: EURO Pairs 20190419Euro Pairs being monitored:
EURAUD, EURCAD, EURCHF, EURGBP, EURJPY, EURUSD
Time Frame:
30m - 1D
EURGBP: Bearish Divergence / Resistance on 170m (3H), Yellow
EURADU: Bullish Divergence / Support on 680m (11H), Blue
EURGBP 170m MACD, RSI
EURADU: 680m MACD, RSI
DISCLAIMER
This is only a personal opinion and does NOT serve as investing advice NOR trading advice.
Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
Is Divergence the King or Queen of Crypto Technical Analysis?Divergence is one of the best technical analysis theories. Although not 100%, a very high probability of profitability is well known.
This idea lists most of the instances of divergence on BTCUSD (Coinbase) since $19892 summit of December 2017 on 2H interval.
Indicators used:
RSI
MACD
9 Seasons Rainbow Multiple Time Frames Pattern PRO
Base Time Frame: 2H, most upper ribbon of "9 Seasons Rainbow"
Longest Time Frame: 90H (3D + 18H), most lower ribbon of "9 Seasons Rainbow"
Instances of Bullish Divergences (Green Arrows)
29 instances, probability of profitability > 85%
Signals:
Blue ascending arrows in RSI & MACD
Blue Ribbons in "9 Seasons Rainbow"
Instances of Bearish Divergences (Red Arrows)
17 instances, probability of profitability > 90%
Signals:
Yellow descending arrows in RSI & MACD
Yellow Ribbons in "9 Seasons Rainbow"
The value of divergence: it is not limited to fixed price and it happens on any Time Frame, when it encounters strong resistance or support.
The downside of divergence: high reward is coming with high risk, when the resistance or support being broken through, a breakout or breakdown may happen. Thus whales can use this to play with the market, with the recent case happened on April 1.
By using "9 Seasons Rainbow" Indicators, traders can monitor Divergence:
Visually
Cross Multiple Time Frames on a single screen, without necessary to change time intervals /sessions
Setting Alerts of divergence on All Time Frames on a click
Poll: Is Divergence the King or Queen of Cryptocurrency / Cryptoasset Trading Technical Analysis?
Please leave your comments.
DISCLAIMER
This is only a personal opinion and does NOT serve as investing advice NOR trading advice.
Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
The arrows and rectangles are added manually according to signals of the indicators.
EOS DAY TRADE PLAN Apr 15 2019BITFINEX: EOSUSD
Long entry: 5.425 - 5.52
Stop loss: Roughly 5.325
Take Profit: 5.7, 5.8, 5.9, 6, 6.5
Expected Call Duration: 1 days to 1 week
Position Percentage: 20%
Leverage: x 2
Risk Level: Medium
Call strength: Medium High
Indicator: 9 Seasons Rainbow Multiple Time Frames Pattern PRO
Signals:
Bull (Green), Bull Pullback(Light Green) across almost all the ribbons
One Overbought (Yellow) in 8H remind us resistance of previous high: 5.85-6.1
BCH BAB is leading the market with outstanding strength, so EOS, LTC is expected to follow.
AB - CD, a continuous run of yesterday's rise.
DISCLAIMER
This is only a personal opinion and does NOT serve as live trade call NOR trading advice.
Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
Japanese Top Author AKUBI_FACTORY Predicted the Dump of ETHUSDJapanese Top Author AKUBI_FACTORY Predicted the Dump of ETHUSD 12 hours in advance, by using "9 Seasons Rainbow Multiple Time Frames Pattern" Indicator and traditional indicators: RSI and MACD.
Time Frame: 4H
Percentage of Drop: 12% so far
The signals:
Overbought / Resistance (Yellow) in "9 Seasons Rainbow Multiple Time Frames Pattern"
RSI: Divergence
MACD: Divergence
Trendlines
The benefit of using "9 Seasons Rainbow Multiple Time Frames Pattern" is it saves traders' time: Divergence of RSI and MACD in 12 time frames can be seen on the same chart straightforward. Especially when 6 or 9 assets are monitored, it may save up to 90% of your time.
For the details of Top Author AKUBI_FACTORY' prediction and analysis, please refer to his idea:
jp.tradingview.com
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.