Bullish Divergence printing that could easily target >11kBINANCE:BTCUSDT one of the most reliable risk/reward setup printing. Specifically, if we do see not only a closing bar above the mid-point. A close on the top will end the day higher than yesterday's close. Re-confirming the initial upcycle with a stronger signal weight and ideally supportive cycle momentum strengthening. That the reported $3 billion ponzi scheme in China that sold off recently on Houbi- will not be able to counter.
Bill Williams Indicators
Williams Alligator indicando venda, mas preço rebatendoBMFBOVESPA:JBSS3
A JBS (Friboi) está com indicação de venda pelo Williams Alligator, porém preço rebateu na zona de resistência. Isso pode significar que o mercado já absorveu a saída do BNDES dos investimentos da empresa e o preço deve flutuar acima deste patamar.
Porém, especialmente no curto prazo, deve-se observar com cautela se o preço ficará no "canal" de Fibonacci entre as linhas branca e amarela, o que indica compra, ou desce indicando venda até a linha vermelha. Havendo rebote na linha vermelha, o papel entra novamente em compra.
Confusing Market ConditionsThere are two possible outcomes of the recent crash, the same two as always; a further negative price action, or a trend reversal to the upside.
The flat EMA200 is not a very positive omen, typically looks like that when it is about to fall off a cliff with the price.
The horizontal white line is a historic support line (5900-6700USD) and has been tested several times in the past and has only once before been a level of resistance.
The colors represent scenarios, red being to the upside and orange to the downside. Starting from the bottom, the Williams' Awesome Oscillartor (AO) indicates a swing low, which if followed by a higher swing low is a key indicator of a upwards trend that will then show up in the momentum and subsequently the price. However if this second swing is lower than the first that indicates a selloff and will be needed to be followed by a higher swing low to indicate seller exhaustion and a trend reversal.
The confusion comes with that small uptick in momentum diverging from the AO which indicates momentum should still be downwards. Likely just the shorts cashing in from the spike to 10k just 1.5 weeks ago.
The only real question right now however is do you buy now or do you buy in a week? not a bad place to be either way market is going to trend upwards in the long run and we are all still quite early in the game.
Only time will tell.
Will Bitcoin break 9.5K resistance area?Hello crypto friends,
As Bitcoin consolidates in a falling wedge pattern, which usually, but not always, breakouts to the upside, we see a strong convergence on different oscillators .
RSI and Bill Williams Awesome Oscillator show convergence of the price moving to the downside and indicators moving upside. Such action usually tells us about trend reversals which might happen in the future. Concerning the fact that price is moving an a falling wedge with convergence gives a good chance of a quick move up.
But how far can Bitcoin grow in that local uptrend?
First strong resistance will be in a 9.5K area which corresponds to 0.382 Fib Retracement level. Advice for traders: the biggest share of profits should be fixed at this level to enter a break-even position.
If BTC can break 9.5K level then our next targets will be at 10K and 11K levels which correspond to 0.5 and 0.618 Fib Retracement levels.
What will happen next the price will tell.
This idea is not a financial advise, but you probably know that already ;)
SHORT BTC/USDT HARD - The 5 Clear Technical IndicatorsHello Trader!
I hope your trades have been going well and always will.
I’ll keep this short because we're all busy people, here’s the 5 key takeaways in the order that I would weight the advice:
1. Simple MACD indicator just had two large waves of buy pressure in a row and crossed 0 earlier today going down with a signal line confirm. I expect all the buy pressure from last month to aggressively flip over to high sell pressure, starting literally right now. Hit that order button.
2. MMAR is all red. Like, ALL RED.
3. Squeeze momentum looks to cross 0 soon as well, indicating explosive price in one direction or the other. I’d bet a lot on it being a short given the strong signals from 1 and 2. I already did, by the way.
4. Vix Fix is nowhere near the green so needless to say this is not the bottom price. But I didn’t need to tell you that, right?
5. Good o'l Bill William's 3 lines show a downward trend in the near future, but this shouldn't be the point that convinces you.
Yeah, so just open a short right now, check back in the beginning of December: that’s my estimate for when the MACD will cross 0 going up.
We’ll check back in then...
Hit me with a follow if you want more short lists so you can get the important info fast.
Until next time,
Alvin
Oscilator Williams R% in ETHUSDIn the Following chart we can see the potential of williams R% and how it works on the market.
Each time the line below on the williams R% reaches the top or bottom (-20 =-80) we can say its the beggingin of a change of the trend because of the overselling or overbuying price of the market.
As you can see every time the price touches the lower band of the Williams R% we can say that the cripto currency is oversold and hope for a trend change.
As well as if the price touches the highest part which is -20 we can say that the crypto currency is overbought.
Each time that the R% shows us that is touching either side at its maximum we can tell if the market is being overselling or overbuying the crypto currency.
Depending on the chart and the R% we can place orders keeping in mind that is not necessarily have to touch and instantaneously change the trend.
Williams R% indicator on COSTThe Williams R% makes the read of the trend line changes easier. This chart for example, demonstrates that each time the indicator goes over the top in whichever direction it follows, a change of the trend line may occur.
Here, in point A goes from a upper trend followed by the indicator to a down trend immediately the R% shows that the trend changes is happening. The moment the R% shows that the trend is followed then we can place our order.
ETH for the Next Couple DaysHi everyone,
Taking a bit of a guess right now that ETHUSD is forming a bearish diamond diametric, where we currently are beginning Wave-E, taking us upwards again of $190, but likely not higher than $195.
If this in the case, it will take a couple days for this to play out, and then will be followed by a more sizeable downmove, so it's still looking overall bearish for ETHUSD.
Not financial advice.
Will the snake fall off from the rope?Hello Traders!
Decisive moment for the Bitcoin or long time of accumulation?
Looking for final confirmations short/long:
Price: defend or brake the upward trend line
DMI - ADX boost needed for declare movement direction
BB - squeeze break needed
AE - momentum increase needed
Alligator - ready for eating some candlesticks after defend or brake the upward trend line
Roger out.
It's getting HOT in here!Hello Traders!
HOLO is almost ready to take off...
Looking for final confirmations:
DMI - positive cross
AE - positive side green bar
Alligator - ready for eating some candlesticks
Fractal - above the Jaw
Roger out.
Presentation of variations of the Awesome OscillatorHi,
I'd like to present some variations i've made of the Awesome Oscillator. FIrst of all, i'd like to remind you what is the Awesome Oscillator :
"The Awesome Oscillator is an indicator used to measure market momentum. AO calculates the difference of a 34 Period and 5 Period Simple Moving Averages. The Simple Moving Averages that are used are not calculated using closing price but rather each bar's midpoints. AO is generally used to affirm trends or to anticipate possible reversals."
Here we have a chart of the FX:EURUSD .
There are three indicators on this chart :
- The first one is the conventional Awesome Oscillator.
- The second one is the Awesome Oscillator with EMA. I simply replaced SMA by EMA in the calculus and added, as an option, smoothing with a variable period. It reduces greatly lags and is more efficient when the price moves big.
- The third one is again the Awesome Oscillator, but with a Hull Moving Average. It gives the indicator way more precision about the trend. I added smoothing as an option too.