BTT (Henkin Ashi) Ichimoku Cloud Break and TK Cross Uptrend LONGAs you can see on both the 2 hour and the 4 we have an ichimoku cloud break as well as a TK Cross when using the Ichimoku System on both the Candle and Henkin Ashi Charting techniques. We also have a Bullish confirmation when looking at the MACD and the RSI and ADX Indicators.. So I would definitely say we are Bullish and stay that way for a little while now!
ADX
XRP RippleLooking at Ripple on the weekly chart
Histogram yet to form any structure
Looking to buy in the relead zone(green box)
Willy not stupid yet
OBV dropping off
Volume dropping off
Massive notch in VPVR that needs filling and it also lines up with the 786 fib
For me, ill be waiting till I can see some structure come in off the weekly to go long.
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ADX/BTC potential spikesADX has a low supply and often pumps with a slight volume increase.
Currently the daily volume is rising and we have already seen a couple of very volatile pumps, i can see a few lines of trend being respected and currently price sitting on a level of demand but has already been it a few times, there is a chance we will fall to the next demand zone but hoping it gets wicked up quickly to stay with in this pitchfork channel.
40%+ push back to the top of the pitchfork but each limit line will be a level of resistance so have your own game plan on how to trade it.
If the current pitchfork trend breaks then i dont see this exact set up working.
Key Fib Support Still Holds For $BTCInternal indicators are signaling this to be a bearish move in a primary bullish market. (ADX is slipping as the negative directional index rises with no crossover) and (the RSI remains in a bullish zone for the primary trend)
As long as this 61.8% golden ratio holds the pattern remains bullish. It will be a tough fight along this line.
Protective stops are placed. The red trend line becomes support if the 61.8% fib level breaks.
Thoughts?
Buying this $BTC dip at Support Intersection (fill at 3770)The ADX is in a corrective looking phase, which spells out a bearish move in an overall bullish trend.
The support intersection is where to buy and a stop will be place just under the 61.8% level (3655)
The 5day has not crossed down through the 8 day just yet, which is also a signal to try this support level as a long.
Thoughts?
WMT: Upward Breakout on Earnings Tomorrow Morning?WMT is reporting earnings tomorrow morning before the market opening, and the press leading into the event is already prepping investors to expect a large price movement up. This particular earnings call will report for the period covering the Black Friday sales and after-Christmas clearance sales.
The chart is showing a strong inverted head and shoulders pattern that's almost perfect enough to print out for a textbook on recognizing chart patterns. RSI is still below the overbought zone and climing, and the MACD histogram and ADX/DMI indicators are rising bullish again after a short cooling off period in late January. Volume is clearly rising on price increases with only a minor increase in short interest just barely over 10% the daily average volume.
I'll be getting up early tomorrow to see how this security performs in the pre-market hours, and I plan to hop right on the bandwagon if what I see confirms today's theory.
UTX: Modern Dividend Dog of the DowUTX posted a Valentine's Day dividend, and now it's time to consider buying back into them. Despite an earnings miss, they're going strong with high winds on the US Federal budget negotiations in Washington yielding to compromise and better news for their Carrier and Otis Elevator brands appearing stronger through higher revenues favoring better terms on their plan to spin those off in 2020 to form a more aerospace oriented firm. With strong fundamentals, and a good position in the Dow 30, the time to buy after ex-dividend dates is now.
Technicals show a strong but methodical plod upward with both MACD and ADX and directional movement showing no signs of the trend slowing down even if RSI appears slightly overbought hovering over 75 for the last two days, but that's OK around dividend payouts. The stochastic oscillator is very flat indicating that a strong breakout either up or down couple happen any day. Expect resistance at previous highs with strong signs of continuation if UTX can close and remain over the previous one of 132 and again at 140, 144 as well as potential profit taking swings from those that bought in post-earnings. Short interest is roughly 15% the average daily trading volume but appears to have no hold on the upward price momentum.
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!!