Ashi
Looking BearishVWMACD is gaining momentum, both short term and long term. Also, ADX is increasing, whilst having DI- higher than DI+, meaning that a bearish trend is forming. In addition, SuperTrend's descending supertrend is beginning to fall. Considering the last few Heikin-Ashi candlesticks have been red, I think it looks bearish.
BTC Retracement to the Tenkan LineCOINBASE:BTCUSD should be pulling back to the Tenkan line as it's been off the Tenkan for a few days now. I had originally thought that pull-back would have already occurred but it appears we are going to head to the bottom of the Kumo Cloud (around $12k) before we get this push back. I do not see us breaking through the Kumo Cloud without retracing back to the Tenkan Line. After we get back to the Tenkan I believe we will make a run up into the Kumo Cloud and test the $14.5k zone.
Bitcoin behavior after high volumes.After high volumes, marked as blue arrows BTC has high movements. Beside the red volume bar after first 2 arrows, the prices go up. The third one also red but after it, prices went short up and drop down dramatically. 02-06-2018 the 4th bar is the highest one and the color red again. In my opinion, 6000 BTC/USD is the turning point of BTC. I expect 11500 COINBASE:BTCUSD , 12800 COINBASE:BTCUSD , 14700 COINBASE:BTCUSD and 17000 COINBASE:BTCUSD . As it happened before, between high volume bars 2 months passed each. COINBASE:BTCUSD may go 17000 in 2 months. This is only my expectation(opinion).
Bull TrapBitcoin has always been a bull trap, investors got In early before praying on a rebellious section of the population to propose itself as the death of banks the end of inflation. little did these dumb money investors know they were in the deep end with sharks everywhere they are still dying praying for recovery which is entirely possible, but trading is dependent on a smart mature mind. do you panic when you see your stock falling? are you over leveraged? are you being greedy? its a beautiful game, long term I hope bitcoin and other cryptos show the world there potential so I'm all for it. ill be analysing and looking for a yearly position id like to see 5k again first happy trading give me a thumbs up
Heikin-Ashi Monthly Trend StrategyTrade current Heikin-Ashi monthly trend long or short/bonds/cash
Reverse trade with a decisive break of the 7 period Moving Average at close of monthly candle
Decisive means non-Doji candle with body 50% or more above/below the 7MA
Doji or indecisive break of 7MA may just be consolidation, stay with current trend
Ethereum Trendlines with Heiken Ashi candles on the Daily ETHUSDEthereum is approaching a battle zone around $300, these next few days and coming weeks will be key on its new trend. If it breaks it current down trend and heads upward the next resistance will be the double top around $400. If it breaks its long term uptrend then its support levels will be around $200 and $135.
BTC 4HR TrendI've marked bullish signals in green and more neutral ones in orange. There are some bearish things you could point out, but this method only considers the signals pictured.
As in my previous bitcoin ideas, the idea is to look for the best long entry over the next few hours. Breakouts from the cloud are usually followed by a period of consolidation before making another move up. There's rarely a need to FOMO into position with this method.
The flat kumo at 3850 suggests a potential return to this area soon. But I think anywhere near/under 4k would be a good entry for this trade.
Until the next low is formed, stoploss is below 3600 (marked yellow horizontal)
Trade will remain open until stop is hit (moving stops up to significant lows and dojis along the way) or we print two red candles in a row where the second one closes with its body below the previous candle's range.
USDJPY Long (HA-GANN strategy) 15min ScalpingI should have bought long HERE when the Heiken Ashi changed direction, but I missed it.
But I'm still in profit. I entered on the big green arrow. "Buy the dip" on a bullish run.
Use Heiken Ashi for a smoother entry.
There's only 3 rules for this method.
1.Define Trend
2. Wait for pullback
3. Enter on first candle after the pullback.
So if you have an overall bullish trend, wait for the first bearish pullback. After price crosses Gann upward, then take the trade at the close of that first bullish Heiken Ashi candle.
Set Target Profit to 30% and Stop Loss to 10%, ALWAYS INCLUDE A STOP LOSS!
(More) Bitcoin Trend ContinuationAs crazy as it seems, recent price action suggests that the bulls aren't finished yet.
It's pretty typical for us to consolidate for a few bars after a big candle like this, so I'm scaling in my long over the next few hours.
The risk on this trade is definitely higher than the previous one. We're much further from support making a drop more likely, and meaning stop-loss has to be set further away from entry. So I will be trading a smaller position than usual to offset these risks.
As before, there's plenty of technical reasons to be bearish, but I'm choosing to trust price action over indicators.