SPY bearish Elliott Wave, target 212.74A bearish 5-wave move is underway that ultimately targets 212.74 by late April.
Prices are currently in the third wave with a target of 225.76 by February 15. A bounce from the end of wave -3- would target 246.83 to complete wave -4- in March, then down to the wave -5- target in April.
ADX
3 signals for $BTC reversalBeen follow the RSI and the ADX to help signal a possible reversal and was looking for 3 signals to complete this validation.
1. Divergence between the price and the RSI. As price was making a new low the RSI was signaling less sellers making that low. This is a bullish signal.
2. But what about trend momentum? We want to see a weakening bearish trend and we got that with a falling ADX line and a falling negative directional index line.
3. A move out of oversold conditions. The RSI has push higher to exit the oversold zone.
Look back at history on the RSI and ADX.. when these two match the trend should reverse. I am looking for a move to the 61.8% Fibonacci level in the coming weeks.
Thoughts?
Correction of 2009 rally targets 1535.00After the five wave move up, a correction to Fibo retracements is likely over the next 3 years with a target date of 2024. The first target is the 38% retracement at 2072, the primary target is 1535. A break below 24%, 2404, and the lower line of the 2,4 channel would boost the likelihood of meeting the targets.
DJI SHORT IDEAHi guys . I post my recent trading idea to short Dow until 21150. As we from the technical side we see a breakthrough from median of bollinger which is a short signal , VI index now going to cross and make a solid short signal. ADX also follow that movement of VI so its 3/3 signal . That's only an idea invest safely !
Despite the Monday jump, bears still control primary trend.I like seeing a rally to start the week, but so far there is not enough evidence yet to break key resistance.
Selling interest should come in here near the previous low that was once support, but now is resistance.
Until key resistance is taken out, the $2800 target is still in play (the target is marked with arrows).
Primary Bearish Trend in $BTC RemainsWith internal momentum still favoring the bears (although it could weaken a bit) the next level to consider a buy is inside the highlighted order block on the chart.
Internal trend momentum is measured with the ADX indicator, and it still favors the bears here.
The midpoint of the historical consolidation area (order block) is near $2800 and will re-evaluate indicators if and when that price level is tested.
Thoughts?
RSI setting up for bull signal, but just not there yet for $BTC!I have marked with arrows each of the last 7 times the RSI for $BTC on the daily chart came up out of oversold conditions. (I have the arrows marked on the price chart too when it happened)
The green arrows mark the bull signals where the market found buying interest to move the market higher to start a bull move.
There were 2 red arrows where the market did not rally even with a move out of oversold conditions on the RSI. These two times had the internal momentum (ADX) still increasing strength for the bears when the break of the RSI happened. The market could not gain footing with momentum still favoring the bears. (highlighted with the red oval shows the ADX increasing with the negative directional index line in control)
The other 5 times the market came out above the oversold RSI conditions (green arrows) the internal momentum for the bears was decreasing giving buying interest to the market.
Where we are currently is still under the RSI line and in oversold conditions. The RSI and price have shown a divergence marked with the blue arrows, but still no move out above the green oversold RSI line.
We need to see a move of the RSI line above the green oversold line and we need momentum on the ADX to start decreasing when the RSI increases. This will give a solid signal to buy and the bull trend is establishing. Otherwise we wait it out for the signals to happen and keep away from buying when the RSI stays in oversold conditions with bear momentum.
If the RSI jumps up and the ADX starts to decrease at the same time then a buy signal will originate.
Thoughts?
$3120 still next key support target for $BTCUSDWith the price hitting the 61.8% Fibonacci extension level as resistance and sellers coming back to the market, the $3120 traget is still in play.
Internal momentum is to the downside with an ADX showing strength for trend. Look for selling interest to continue.
Thoughts?
JD.inc Long IdeaHi guys ! Post my recent idea for a long position at JD.com. Technicaly the Vortex Index tends to crossover because -VI reached high oversold levels and it is a solid signal for a trend swing. Also the bottom bollinger points no further breakout. Also ADX tend to find a direction. From a fundamental scope the recent Trump- Xi "deal" could boost the stock and trading for higher prices . My target is at 36$, whats yours? Hope you find it usefull
Continuation of Up Trend in USDCADThe pair has been in an uptrend for the better part of this year. With the fall in prices of crude oil which will directly affect the strength of the Canadian dollar, this will be a good trade to take for the weeks ahead. Remember you can trail your position at 200pips and it is good Reward/Risk of 3:1
ADX (AdEx) Finding higher support EASY 15% within 2 days !!Whats up Crypto Fam! Amazing turn out with everyone who has joined the Crypt0W1SE community in the last 4 days!! WOW is all i have to say and if your not yet apart of my trading community PM me so i can add you in! WE DO ZOOM DAILY AS I SCREEN-SHARE BitMEX TRADES as well as Binance trades!! New to BitMEX and want to learn!?! I HIGHLY suggest you learn how to properly trade with leverage before you BLOW YOUR ACCOUNT out!!!
ASK ME ABOUT MY MENTORSHIP PROGRAM IT IS REALISTICALLY PRICED!!!!!
Anyways quick simple trade above on ADXBTC/BINANCE below!!!
OVERVIEW
ADX has pumped already once and it will most likely pump again to retest previous resistance between 4000-4500 sats
Good entry point on this would be around the 61.8 retrace at 3300-3450
Take PROFITS at
1. 3700 = 11.84% with 3300 entry
2. 3900 = 17% with 3300 entry
3. 4200 depending on incoming volume for last target though i believe you could easily secure at least
$BTC Bears Not Yet Hibernating for Winter$BTCUSD: If the current low of $3,474.33 holds on this chart, which indicators show that it is unlikely to do so, the 50% Fibonacci level becomes key resistance moving forward. The price will have to trade above this level and even the 61.8% level to consider a trend change back to the bulls.
The bearish trend continues, and with an ADX still showing strength for trend the next previous historical low becomes the next target (or key support level).
Price is likely to drop even further than the next target, so internal indicators will have to be analyzed when tested.
Signals For A Primary Bullish Trend for $BTCThere are many key indicators to look at to help define a bull market
Moving averages
Advances/declines
Volume
Identified support and resistance areas
Momentum indicators.
Since a bull market is one in which prices are generally rising, the basic indication of a bull market are up-sloping trend lines (and an up-sloping trend line needs to establish again since we are in free fall right now)
Additionally, price should remain above major moving averages such as the 50-day, 100-day and 200-day moving average, and the shorter-term moving averages should remain well ahead of, or above, longer-term moving averages.
In a continuing bull market, price continues to overcome resistance levels, which then become identified support levels. (We are currently in the opposite with no signals yet we are going the other way)
One sign of a solid bull market is one in which support areas are generally more solid than resistance areas, a market that, for the most part, moves higher with more ease than it moves lower. Resistance is dominant right now.
Momentum indicators like the average directional index (ADX) are used to define and confirm a bull market. The ADX is an excellent indicator for determining when the market is actually in a trend, as opposed to being in a ranging or consolidation phase.
For confirming indicators, a move in the Relative Strength Index (RSI) up out of oversold conditions is validation we could be flipping sentiment back to the bulls.
Also, beyond technical indicators, bull markets are characterized by investor confidence (which we lack right now).
Long SoybeansHi guys ! I post a trading idea for long positions at ZS1! . Recent WASDE report had a price projection for soybeans for 2019 about 900-910. As wee see also in the recent political scene trade war talks at G20 there is a good possibility to go far beyond as from 910. From technical analysis view at the monthly chart is long with target 1056 , RSI is tend to swing to upper levels so I think is a good long signal and ADX now is tending to get a direction which is a further high price. Hope you find it usefull !
Short AmazonHi guys ! I post my trading idea for shorting Amazon. As we see from technical analysis from the weekly chart RSI is below 50 which is a clear short signal and ADX is tend to cross down from the -DI which is a very good short signal but it contains risk. The target for this move is at 1397$. Hope you find it usefull !
Buy $BTC when the RSI moves up out of oversold conditions.Each red vertical line is signaling when the RSI moved up out of oversold conditions. The price rallied nicely each time. This indicator can stay well under the green line to keep the market oversold.
So, I will be looking for a buy when the RSI gets back above the green horizontal line and moves out of oversold conditions (or forms a divergence to price when down here). A move out of oversold conditions will likely happen on a clear upside break of marked resistance on the chart. And I would want internal trend momentum to back the upside move. I will use the ADX indicator to help guide that decision since it measure trend strength.
I will not buy the bottom, but I will be buying when a nice bull trend is establishing and will make up for it in the long run.
Thoughts?
Last line of defense for $BTCThe price is right on the long-term trend line.
This is the last line of hopium for the chart.
The only thing the bulls have going for them is low internal momentum for the bearish trend. Be careful trading longs here. Tight stops if adding longs.
A break of this trend line would help validate my long-term call of $2800 from the beginning of the year.
Liking the XLM/BTC bullish look!The bounce off the 61.8% Fibonacci retracement support was key and a great sign for the bulls. The Average Directional Index (ADX), which measures the strength of trend momentum, is maintaining strength for the bulls.
Since the green positive directional index line did not cross the red negative directional index line the 61.8% level becomes a nice floor.
I am looking to buy on dips with a stop below the marked support level. New highs expected.
Happy trading!
Thoughts?
The Long-Term Trend Shows Some Hopium For The Bulls In $BTCWhen you take the long-term trend lines into consideration, the bulls still have a chance here.
Back in late 2015 the Average Directional Index (ADX), which measure the strength of trend momentum, was turning to the upside as the green positive directional index line also increased.. a sign for the bulls to take control.
The trend line was being tested in early 2017 and the ADX was staying elevated for trend strength. The positive directional index was dropping, but failed to cross down through the red negative directional index line to switch trend, so this was a signal for the bulls to continue control.
The next trend line break was in early 2018 where price started to drop, but instead of turning strongly bearish it was a more sideways trading look. The ADX was dropping low to show a weak trend as the bears took over. This created the range-bound wedge moving forward.
To current day, the ADX is still low, but it is still a picture of who is going to take over. If the wedge holds true we should continue higher and resume the bull trend from before. If we break and I am placing a stop, the bears will likely gain momentum and drop the market hard and create the top of the wedge as a continue bear trend.
Buy here, but place a stop of protection.
Still a tough call.
Breaking the Downtrend on BABAWe've seen quite the downtrend on BABA since Spring/Summer '18 and I think a lot of people are wondering when it will end. I think a turnaround will happen sooner than later. Following a bullish divergence on the 1Hr we had earnings that slowed our roll. With a "not-so-great" guidance from the online giant, we fell again to our last support. But what I'm seeing now here is that we are creating a HIDDEN bullish divergence. BABA has seemed influenced by $SPY and the way it moves. But today BABA showed some strength while SPY fell to new lows. I believe we are going to break the long term trend soon (yellow descending line). We will need a pretty strong move and I think if SPY and the rest of the market doesn't cooperate we might not get it. Keep an eye on the longer term and play cautiously. I'm also looking for some strength/crossover on the ADX as well to confirm movement.