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Bollinger Bands (BB)

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 :)
BITSTAMP:BTCUSDLong
by SebastianofMoon
BTC Correction - Rapid Short - Is that it?Hey Guys, After Bitcoin reaches i highest price after the bullrun to 11.250 we see market testing it´s support to 8752 and as a beast that BTC is we see a market going up again and trying to re-test the 8752 but bearly passes 8900. Is this bulltrap or market will keep going down trend to start December falling. As you can see if market continious to Bear we are gonna see possibility of shorting this market until the 7928. Elliot waves ABC landing, Down the cloud and not recovering as this Beast does. Watchout supports and reversal trend possibility. Able to short for a bit and get a breath to the next resistance level. Cheers!
Short
by cryptonion
5
IOTA LONG, RSI + Cycle RepeatIOTA been on a nice bull run these past few days, looking to break $1 and perhaps stabilize around $1.20+ in the upcoming weeks. Analyzing chart and RSI's we see a similar pattern happened on November 10 (highlighted) during which after a nice bull run we had a minor correction and then kept rising the next day. It seems like IOTA should have a bit of a correction during the next day or so, which should serve as a nice dip to buy in at. Other option is we break through resistance without correcting, since IOTA doesn't seem to like correcting very much, and then we'll be seeing values above a dollar in the next few days. Overall profit target around $1.30 - $1.60 - gives us a nice 2x if it happens. After a bull run like this i would set a stoploss if the price starts dipping below 0.65 and RSI confirms down movement, as it could mean a downtrend/major correction starting.
BITFINEX:IOTUSDLong
by deniskov
6
XEM-BTC analysisI fast analysis from NEM crypto-currency (XEMBTC) mainly based on Pitchfork trend, where Pitchfork is all about to respect the zones blue and green, and lines such as median line, bottom and top blue lines and their intersection between the blue and green region. So, bases on 4hrs time-frame it is possible to see that we have a interesting trend. Until it is possible to notice, the market is about to test the region where is located the Exponential Moving Average (EMA) 50 periods. Then, in case this EMA 50 hold the the price, it is possible to make a entry in this asset; nevertheless, a short time-frame analysis in necessary to refine the entry. However, it is still necessary (in my opinion) wait for a reversal signal based on MACD . Even though MACD and RSI do not show divergence, it is clear that at least MACD did not show a change in its signal line, which means that the price will keep falling/testing EMA 50. Bollinger Bands show us the price bellow its base/median line, which means a possible continuation of bearish movement. To interact with this chart, please click below in RELATED IDEAS For analysis based on Ichimoku Cloud , please click on the reference link below RELATED IDEAS.
by lc_parente
Crude Oil Continues Moving LowerCrude moved lower on Monday but ended the day in the middle of the daily range, unable to break through Friday's low of 46.74. Price also tested the weekly Pivot Point above at 48.13 but was not able to break above that mark. As long as crude trades below that Pivot Point, it indicateds that price wants to keep moving lower. The Heikin-Ashi chart showed a slowing of the downward movement with an inside candle today. However, the trend is still solidly red. If you like this post, please click the Like button, tell your friends, and re-Tweet! Disclaimer: This post is for educational purposes only. Trading is at your own risk.
NYMEX:CL1!Short
by GoldBands
Crude Tests Higher After Inv RPT but Falls Below Key LevelsCrude tested higher this morning after the weekly inventory report showed a bigger than projected sell-off of inventory. However, WTI Crude failed to maintain it's bullish run and ended the day below the 2 important key levels. Those levels are the 21 day moving average @ 48.41 and the monthly pivot @ 48.13. And while the Elliot Wave Oscillator has not yet crossed below the 0 line, the haDelta indicator has printed a new magenta dot which indicates a new downward wave is starting. This gives the confluence of 3 technical indications to support the move down to the 45 to 45.50 price area. Nice downtrend now on the Heikin-Ashi chart. If you like this post, please click the Like button, tell your friends, and re-Tweet! Disclaimer: This post is for educational purposes only. Trading is at your own risk.
NYMEX:CL1!Short
by GoldBands
Crude Oil Moves Down $1 but Fails to Close Below RangeCrude oil closed down $1 today. During the day, my first price target @ 48.36 was hit (I mentioned that in last night's post). Crude did hit a low of 47.73 but was unable to stay below the 48 price level, and in a something of show of strength, rebounded almost a dollar off the day's lows. The closing price of 47.73 was just 2 cents shy of the 21 day moving average. So while the late day rally did show signs of strength, the technical indicators are still showing a more bearish outlook. First, there's the haDelta which has just printed a new magenta dot. That indicates a high probability of another downward wave. Second, the EWO indicator has been moving down since May 25 and is close to a zero line cross. Third, the Heikin-Ashi candles are red and starting to show signs of a continued downward trend. The key levels right now are 21 day moving average and the Primary Pivot Point (orange lines). I've added the standard Pivot Point indicator to the chart and set the type to Fibonacci. The P level is currently at 48.13. A break below this level will increase the odds of a continued move down to the lower Bollinger Bands. Crude Oil inventories come out tomorrow at 11 am EST. This is on Thursday this week due to the Monday holiday in the US. There is also other news tomorrow morning including Jobless Claims at 8:30 am EST and ISM Manufacturing PMI at 10 am EST. Expect some news generated volatility and protect your trades accordingly. If you like this post, please click the Like button, tell your friends, and re-Tweet! Disclaimer: This post is for educational purposes only. Trading is at your own risk.
NYMEX:CL1!Short
by GoldBands
Gold is Range BoundHi all, I've just gotten back from my extended vacation. The precious metal is range bound and looks like it wants to move down before completing a move up to tag the upper Bollinger Band. The weakness is appearing in the haDelta indicator at the bottom of the chart. A magenta dot just printed which means that the smoothed delta SMA is crossing over the non-smoothed delta. And since this is the second magenta dot in the latest upswing, it does suggest the price will either consolidate or move down. The Heikin Ashi chart below is also showing a slowing of the uptrend. Let's see if we get some clarity over the next few days. In case you're wondering about the new yellow Bollinger Band, I was watching a video that John Bollinger had posted on YouTube and it that video he mentioned that one should try using Bollinger Bands of different periods. So I've added a new Bollinger Band (the yellow one) and set the period to 50. This creates some interesting technical levels with the 21 and 50 BBs crossing and interacting with each other. If you like this post, please click the Like button, tell your friends, and re-Tweet! Disclaimer: This post is for educational purposes only. Trading is at your own risk.
COMEX:GC1!Short
by GoldBands
Crude Oil is Range Bound But Looking to Hit Support AgainHi all, I've just gotten back from my extended vacation. Boy has there been a wild ride for crude, starting last Thursday. However, since then, crude has been stuck in the lower part of the range, which by the way, retraced to 38% of Thursday's range. Crude has already the 21 day moving average and it looks like it wants to test it again. If have a take profit order sitting at that 21 day moving average but will then let the rest of my position ride and see if price wants to break through and hit the lower Bollinger Band. I was listening to a video that John Bollinger had posted on YouTube and it that video he mentioned that one should try using Bollinger Bands of different periods. So I've added a new Bollinger Band (the yellow one) and set the period to 50. This creates some interesting technical levels with the 21 and 50 BBs crossing and interacting with each other. For instance, notice how now the 21 and 50 BBs are stacked at the lower end of the range. That makes the 45.50 price are a very interesting target! The Heikin Ashi chart is confirming that price is range bound and as you can see in the chart below, we've had a green doji followed by a red doji. Hopefully we will get more clarification from the Heikin Ashi in the days to come. If you like this post, please click the Like button, tell your friends, and re-Tweet! Disclaimer: This post is for educational purposes only. Trading is at your own risk.
NYMEX:CL1!Short
by GoldBands
sbux breakout lookoutlong term trend is in uptrend with trend strength increasing intermediate time frame is showing increasing uptrend with slightly flattening longer term moving average might be indicating consolidation...forming a tight symmetrical flag in uptrend move should lead to breakout past resistance area of 63.5x area and into areas of least resistance target is the .618 extension level at 65.85 volatility is contracting setting up for a major move possible breakdown due to negative divergence in rsi so remaining cautious- setting stop at 62.9x area volume is showing strong positive pressure
NASDAQ:SBUXLong
by inco1
Crude Oil Breaks Through Support @ 47Crude Oil broke through support during the overnight session with a strong push down. Now would be an excellent time to book profits and move stops lower. I've added some new targets marked by the cyan horizontal lines. The next target @ 46.09 is the confluence of the red, lower Bollinger Band and the yellow Bollinger Band. The red BB is our standard one with the period set to 21. The yellow BB is a new one I added last night which is based on a longer period of 50. I added this after watching a video with John Bollinger where he said that interesting patterns emerge when you have multiple BBs set to different time periods. All this being said, crude is getting very oversold sold so their may be a pullback either now, the last hour before the market opens, or when the market actually does open. In any case, know your own tolerance for risk and trade your plan!
NYMEX:CL1!Short
by GoldBands
Crude Closes Down .57 After Inventory AnnouncementCrude Oil had another down day on Wednesday, declining sharply after the inventory report was released. You can see the sharp selloff on the 30 minute chart below. Attempts to buy up crude at discounted prices were meet with renewed selling. All the indicators on the chart are red and pointing down. As I am going on vacation Friday, I'm hoping for a tag of the 47 level tonight or tomorrow. The Heikin Ashi chart is clearly in a down trend. If you like this post, please click the Lick button, tell your friends, and re-Tweet! Disclaimer: This post is for educational purposes only. Trading is at your own risk.
NYMEX:CL1!Short
by GoldBands
Natural Gas Stalls, Bollinger Bands ContractIn a clear sign that Natural Gas is range bound, the Bollinger Bands have flattened out and are contracting. Yesterday's closing price was trapped between the 7 and 21 day moving averages and today it is trading slightly above them. Monday's tag of the cyan Bollinger Band (1.5 standard deviation) signaled a potential renewal of selling but the lack of follow through supports the idea that price will be range bound for the time being. If you like this post, please click the Lick button, tell your friends, and re-Tweet! Disclaimer: This post is for educational purposes only. Trading is at your own risk.
NYMEX:NG1!
by GoldBands
Gold Closes Lower, Dollar Strengthens on FOMC AnnoucementGold closed down almost 20 points today as the FOMC announced it would not raise the Fed interest rate in May but left a rate hike on the table for June. But regardless of that news, let's look at the technical aspects of the precious metal's chart. First, the tag of the lower Bollinger Band was what I've been discussing during this bear selloff began in Mid April. This is what I call the 'Coast to Coast' trade, moving from one end of the Bollinger Band to the other. Second, the haDelta indicator printed a magenta dot on Tuesday when the Delta crossed down under the smoother Delta average. This was a bearish signal and combined with the proximity of the lower Bollinger Band, gave statistical weight to holding onto a short position. Third, the Heikin-Ashi candles are in a long red downward trajectory. Although last week ended with 2 weak HA candles, the candles have become stronger the last 2 days which indicates a possible resumption of the sell-off. Now that the lower Bollinger Band has been hit, what is next? We need to watch price action over the next couple of days. If Gold is in an oversold state, then expect a correction to take place. This may result in some sideways action or in a sharp buying spurt. Or, there may be continued sell-off over the next couple of days. Watch the Heikin Ashi candles. If the trend is about to reverse, you will see Dojis and color changes. Also watch for a cross back over the 0 line of both the haDelta Indicator and Elliot Wave Oscillators. I will be out on vacation for the next couple of weeks so I wish all of you good luck trading and protect your profits! If you like this post, please click the Lick button, tell your friends, and re-Tweet! Disclaimer: This post is for educational purposes only. Trading is at your own risk.
COMEX:GC1!Short
by GoldBands