BAND ANALYSIS (RETRACE IN PROGRESS!)BAND ANALYSIS:
BAND has been rejected since hitting a top at over 3870 sats! BAND is now struggling to maintain above the 50MA after one small bounce. I expect BAND to retrace a bit further down to a potential buy zone and what could be a short term support line at 3000-3150 sats. This is a great entry point, as a double top would then be expect at T1 of 3602 sats, and lastly T2 at 3710 sats. The volume saw a major sell wick and has been decreasing along side the retrace. The current relief rally should give out and fall further into the buy zone. Stagger long bids inside this zone!
Potential buy zone: 3000-3150 sats
Band
BAND : Upto 75% Profits Opportunity In The Mid TermAccumulation Area : 2800 sats - 3150 sats
Distribution Targets :
Short Term :
🎯 Target 1 : 3385 sats
🎯 Target 2 : 3699 sats
🎯 Target 3 : 4014 sats
Mid / Long Term Targets
🎯 Target 4 : 4462 sats
🎯 Target 5 : 5033 sats
🎯 Target 6 : 8124 sats+
Stop Loss : 2300 sats
Invest: 3%
Risk/Reward: 20% / 100%
$BAND, Crossing over ~3000 sats resistance$BAND
Crossing over ~3000 sats resistance on a volume spike, reaching to EMA50 on the 1D
UCTS Slowly showing buy signals on LTFs...
Holding this level or R/S Flip as potential entry
Breaking above descending trendline could be also a trigger
~4k sats as target (30%)
#BAND
BAND Starts To Move | Great Potential Long-Term (160%+)BAND (BANDBTC) just broke above EMA10 on high volume.
Here we can see the potential path mid-term and also the next short-term move.
BANDBTC can climb up straight and 0.00004792 or even 0.00005969 before retracing.
After breaking above EMA10, there is also the possibility of a short retrace, multiple days long, before the next strong bullish move.
The early signals though are telling us that December can be a really good month for BANDBTC.
Stay tuned, as this will grow a lot like the other altcoins that are going full green.
Namaste.
BAND on Binance (BANDBTC) Young ChartBAND (BANDBTC) has a young chart... While charting we use past history (chart data) in order to determine the different support and resistance levels, as well as to corroborate the different signals we get from the indicators and charts.
We also use past history to study the behavior of an asset over time and compared to other assets in the market.
So a young chart is a huge disadvantage as there is no past history so we can only focus on what happens next...
BANDBTC is now trading above EMA10, we consider this to be bullish. But if it moves lower we become bearish... Each candlestick on this chart goes for 1 hour... The charts are always changing.
Above the magenta line, which is the last peak and resistance, BANDBTC can move higher. Below it, it can do sideways consolidation.
The blue dashed line is the support, if this one breaks then BANDBTC moves lower and tests EMA50 (0.00006818), if EMA50 breaks it will go lower to test the big dashed blue line. Below this level, it would go for the next support.
Each support/resistance level offers the opportunity for a bounce.
Two potential scenarios are drawn on the chart with green and red arrows.
The numbers on the chart are the Fib. proportions from low to the last peak. Below the current price, these numbers can work as support levels, above the current price, we call them resistance levels or targets.
Any questions?
Feel free to leave a comment and share with me/us your thoughts.
This is Alan Masters...
Thanks a lot for your continued support.
Namaste.
BTCUSD still on an upward trajectory.Guide band range set to = 4 on the weekly chart.
LVDT levels changed from "LINE" to "Area" and colors adjusted accordingly for those levels.
Price needs to stay within the green band shown.
If price moves to the upper bound within the green band, it is more likely to come down.
If price move to the lower bound within the green band, it is more likely to rebound upwards.
If price breaks significantly into the upper red zone above the green band, it is very likely to get strongly rejected downwards (i.e. during the past ATHs).
For price to advance higher, the collective LVDT band levels needs to first climb higher first to provide the upward "channel" for sustainable growth.
Right now, the LVDT bands looks to be on a healthy steady growth trajectory.
SPY Price Target 248.21 within the next 3-6 monthsThe correction continues. China Downgraded our Credit on January 25th and we finally saw the first correction of the year.
The trade war is just starting to heat. Expecting SPY to touch 248.21 in the near future with a year end target around 308.00
Buckle up bulls or come back near 248.21
DAILY: Long GBPUSD - Short/Medium Term PlayHi, my first idea here. Please feel free to share where you think I can improve. Thank you!
I believe in using fundamentals to set my direction and technicals to time my entry.
Fundamentals: Long GBPUSD
- The 4 rate hikes in 2018 and 2 more in 2019 is almost fully priced in. The USD has enjoyed its bull run, but I believe it's time for it to come to an end.
- GBP strength has firmed Thursday after Carney expressed stronger conviction on inflation in the UK. Hawkish sentiments within the BoE continues to materialize, signalling greater possibility of an impeding rate hike. GBP still looks undervalued after the selloff that begin in Mid april.
Technicals: Enter now if risk appetite is high, or enter when price closes above 1.3340 out of the inner upper bollinger band
- Small green/red arrow indicates upward/downward trend exhausting, big green/red arrow indicates upward/downward trend beginning
- Downward trend has exhausted > 29 June the pair shot from below the 2nd outer bollinger band to inside the inner bands
- Upward trend is about to begin > bullish divergence between price action and RSI
Conclusion: Bag your winners quick
- As kathy lien always emphasizes: dont be too greedy. I typically stick to a 2:1 risk ratio and do a T1-T2 approach.
- Set stop loss near recent lows
USDJPY BUY opportunityLooking at the USDJPY pair's daily chart in a wide view, the price is in a wide consolidation between 108 and 115 for more than a year. After the price bounced off from the resistance zone in November 2017, there has been a slow decline towards the support zone at 107.30 -108.30.
Today movement has slowed down after today's strong price drop for over 100 pips. There is a high probability that the price will go up again from this area, so we are trying to open a USDJPY BUY order here. If there we will not see stron demand soon, we will exit.
BTC correction idea for this monthSo a correction is in play now, and BTC likes to do 30-40% corrections in this runup since the end of 2015.
This woul coincide with the middel 1d bollinger band, and would allow the 1d stoch RSI to cool down again from overbought levels to oversold levels. This would lead to an exceptional entry point within the next few days to go long.
However, I strongly advise against shorting, because there is a not so low probability that BTC will just continue the rally on monday, and the full correction will not play out.
This is a scenario to which I attribute a probability of about 60-70%. Since BTC is in ultra bull mode, the whole correction might not even come to pass.
However, the indicators say that it is quite possible, so I will position myself accordingly, as this would be a perfect entry for a new long position. The next days/week till the 18th, and on the 18th especially, might show some insane volatility, so be careful :)
ETHUSD scenario Since there is significant pressure in the cryptos until Aug 1st, I expect ETHUSD to sell a bit more. Not that it is not enough. There is significant buying at 180s, and orders at 160s.
Scenariocast is: The key levels of significance 120 and 220 to become a band whilst keeping its move within the falling wedge until reaching August 1st.I find it likely to see a dip at 120 usd and a bounce back to 160s. And an uptrend from 160s, first facing profit taking at key level 220s. If for some reason it does that, there will have been an inverted H&S with a neckline at 220s and 320s target, which is another key level.
Short and Long Trade Filter for Finding Price Extreme PivotsOnly short when shorter moving average (80 SMA) is over the upper thick bollinger band (400 SMA square root of 2 standard deviation band). Only long when it's below the lower.
The actual entry trigger is one of six things (in order of most importance):
1.) test of major horizontal resistance line
2.) break of a pattern that supports the bias (e.g. M pattern for short; W pattern for long)
3.) test of an hourly, 4 hour, daily, monthly, or yearly pivot (classical pivots) level: S1,S2,S3,R1,R2,R3, etc.
4.) test of a major fibs extension level (1.414, 1.5, 1.618, 2.0, 2.618, 3.0, etc.)
5.) RSI divergence AND a favorable MACD cross
6.) a test of one of the bands under (for long) or over (for short) the thick band - this is a really aggressive entry when used by itself.
The more of #'s 1-6 that happen simultaneously, the higher the probability that price will pivot favorably from that level and the easier it becomes to decide on a logical stop loss (price patterns and horizontal S/R levels give structure to base stop losses from).
This set-up is especially strong when the 400 SMA bands are squeezing. The theory is that the price should, more often than not, explode out of the squeeze on the side that the 80 SMA is in relationship to the 400, or in the direction that the 400 SMA is moving at the time of the squeeze, UNLESS the 80 is near the thick band (within 10% distance between it, the thick band and the 400 SMA). If the 400 bands are squeezing and the 80 SMA is near to touching, or moving outside of, one of the thick bands, then price is more likely to shoot out of the squeeze in the opposite direction.
So this set-up is best used for two things:
1.) finding price extremes, from which price is likely to pivot into decent gains as a counter-trend play, if not getting us in at the start of a new trend altogether.
2.) increasing the odds that we get in on the right side during a long-term price range (400 SMA bollinger band squeeze), on fast moves with high percent gains.
I've only tested this set-up on shorter time frames for SPY, with decent results in back-testing the idea. Whether or not it is useful at longer time-frames and other stocks, forex, etc., is yet to be seen.