DODG - just maybeLooks like DODG may be getting closer to finally moving back to the upside.
Volume profile is bullish and looks like significant accumulation has been occurring since around late June of 22. Selling appears to have all but completed dried up. Price is moving/staying away from the center line of the longer-term regression trend signaling that the downtrend may be over/ending.
Bollinger Bands width staying super low for over a month on the daily signaling a decent move could be in the works, and the OBV showing that the extended drop in price of DODG has not resulted in longer-term holders giving up/selling this coin.
With significant support in this price range from early 2021 (that has been tested many times now) I expect DODG could begin moving to the upside again. Obviously the macro picture may have other plans for all of us, so just nibbling here and waiting/watching for further confirmation...
NFA.
Bolligerband
BTC: ~ $ SYSTEMCTL START DEPLOY.CAPITALBTC: ~ $ /PRICE/BOTTOM/STRATEGY.PH
Script started on SATURDAY 18 JUN 2022 08:13:33 PM UTC
DCA="Weekly"
DURATION="Price is sideways"
EXCEPTION="BTFD!"
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
$$$$$$$$$$$$$$$$$$$$$$$
BTC: ~ $ ^C
BTC: ~ $
BTC: ~ $
BTC: ~ $ /ETC/INIT.D/WYCKOFF_ACCUMULATIOND STOP
Continue? (y): Y
DXY.TOP.......................................................................................................
BOLlINGER_BAND.SHRINK..................................................................................
BTC: ~ $
BTC: ~ $ SYSTEMCTL START BTC.PAMP -T 30K+ | ECHO "YELLOW_PATTERN"
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#PS: Do you recognize that YELLOW PATTERN? It is copy of the price action from May-August 2021!
# I have put it there in June when I felt THE BOTTOM MIGHT BE IN = still nearly mimics it so far =)
# Was expecting to see a Lower Low fakeout for the so called "SPRING" to trigger the pump but....
# PURPLE LINE = ATOM -> it has been outperforming BTC and everything last few months! ⚛️🚀
SMA, EMA & Bollinger Bands on S&P500Current Price = 4072.17
💲EMA 20 = 4048.62 (below CP, Buy territory)
💲SMA 20 = 4022.81 (below CP, Buy territory)
💲SMA 50 = 4249.27 (above CP, Sell territory)
💲SMA 200 = 4450.25 (above CP, Sell territory)
💲Bollinger Bands = Middle Band SMA 20, 2 SD (4022.81) (below CP, Buy territory); Overbaught (4196.95); Oversold (3848.68);
🚀 Overall sentiment =
1. Go Long for short term trading,
2. Go Short for intermediate and long term.
Potential Gain
= 9.28% + 4.35% + 1.74%
= 15.37 %
Potential Loss
= -5.49 %
BTC expected to move sideways (1D) | Bollinger Band squeezes Market in last 1 week
-BTCUSD saw a slight uptrend and then moved sideways
-Price volatility was very high. The market moved ~7.81%, between $11.99k and $11.12k
Today’s Trend analysis
-BTCUSD expected to see a sideways movement as Bollinger Band squeezes
-Price at time of publishing: $11,857
-BTC’s market cap: $219 Billion
-Oscillator indicators are mostly neutral. RSI at 65
-Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral
-Volume indicators observed a decrease in the last few candles with a constant increase in the 20-candle moving average
Price expected to see a sideways movement as Bollinger Band squeezes after the gap up that was observed. Most of the Oscillator indicators are neutral. MACD crossed below the signal line with histogram size increasing in the negative direction suggesting a bearish bias. RSI at 65, above the midline, still in the neutral region. CCI is around 90, also in the neutral region. Another interesting point to notice here is that the volumes increased at the starting of gap and down which was pretty higher than normal and now has started to decrease back to the normal level.
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 1 D candles.
DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter sudden jump in trade volume .
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- Mudrex
GBP/JPY IDEADo your own analysis ...
Dont Forget Moving StopLoss At Breakeven
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. You must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.