Bollingerbandstrategy
Down for 5 of CAll waves appropriately subdivide on lower TF's and as you can see, what looks like should be Wave3 doesn't make the 1:1 so Wave3 hits the 1.227 to the tick. Which means Wave5 should hit the median line of the 605 BB around $8,150 (green box) at the minimum IF it's a very short Wave5. If Wave5 is a 1:1 of Wave3 it will fall to the 2.227 fib ext (red box) at $7,067
The 605 BB has been an incredibly effective band on all TF's since....as far back as I can tell
The last time price fell below it on the 1 hour was Nov, 2018
Hope my count is wrong, cuz I don't wanna be right
But I'm pretty confident I am
On the bright side, more to buy cuz we all know where it's going and the moon is short-sided thinking IMO cuz we've already been there. Or have we?
UUU with Bollinger Bands & Bollinger Band StrategyVOLUME! The yellow arrows showing the spikes come with volume. Its a low float / low volume penny stock. However the bollinger bands are tight. Im playing with this bollinger band strategy seem to predict some upcoming spikes. Seems to predict some moves with UUU. Also just had good earnings report, looking for this to make a move higher
Corrected my count, confirmed w confluence I have wave 5 shooting for the corner pocket in the golden zone if Wave4 is complete which is also previous support. If the algos don't buy it up there, it should continue to the bottom band of the 225 period BB around $8,500 for a possible bounce. If not, down to the median line of the 605 period BB around $8,000
BTC wound up tighter than a $5 watch. But is it going up/down?BTC has been in a wedge for over a week and its range is narrowing each day. It is wound tighter than a $5 watch. If you look at the Bollinger Bands Width you will see when it gets to 0.07 or lower, there usually follows a violent price swing. But we can't tell which direction it is headed. I'd like to see it retrace back to 9.5k so I can buy more, but hoping for it doesn't make it so.
We will have to wait for it to break out of the wedge to determine the direction it is headed. It should happen in a couple of days because it seldom waits until the point of the wedge (July 14) before breaking out.
Once out of the wedge, we need to make sure it doesn't fall back into the wedge because that would indicate a false breakout.
You may have noticed many YT crypto pundits are calling for 15k BTC this week, and they claim it is a sure thing. That to me means the exact opposite. It's going down. Why? If these youtube talking heads knew how to forecast cryptos, they wouldn't be on youtube. They'd be on a beach in the Bahamas admiring their yacht instead of relying on youtube ads to support their income while living in their parent's basement. Seriously though, the price could go either way and we need to be prepared for either direction.
It should not be too long now! Flip a coin to see which direction it is going.
Selling 160/170 Strangle VisaThere is a solid long-term support at 156 on Visa. This is buttressed by the .236 Fib retracement near 155 as well. The 155/156 area is strong support in case of a bearish move. Also, the recent up-days have had lower volume than the recent down-days, indicating stronger bearish sentiment. The stock is also trading near its ATH (all time high). Today's candlestick's upper wick penetrated the bollinger bands, indicating Visa is due for mean reversion. We are selling the July 160/170 srangle for credit and are thus slightly delta negative.
ETHUSD - Hotly 50 SMAETHUSD has been hotly contested around the Daily 50 Simple Moving Average . A meaningful or violent 'close' below the Daily 50 could see some challenges to static support below, yet the Slope of Volatility is anything but down (a small disagreement in assuming a micro level downtrend here with the 50 sloping upwards - yet the current 50 BB are nearly flat sloped). Losing this nearby order block and the Daily 50 SMA could spell more disastrous than the even simpler upward 'trend-line' could handle.
I do like that the 'trend-line' is positioned again at the 50 Period Bollinger Bands 1.2 empirical constant, and the slope of the 50 Mean is tilted upwards, creating a hotly contested pivot.
The 50 Period Length is in fact the upward trend line since December. The 1.2 StdDev has been reliable in regards to mean reversion. Each time PA breaks inside the 1.2 Upper or Lower band, or even nicks it, with relative certainty, PA returns to the Mean of the 50 Bollinger Bands.
This will be one to watch.
If you want to learn quite a bit more about Advanced Volatility Theory, head on over to Shark Charts - I will link below.
sharkcharts.live
Good luck, Traders. May you find yourself on the profitable side of it.
ETHUSD - Case of the DoJi + PivotsSimple observation, ETHUSD Case of the DoJi . This pivot has been clutch, will it hold, or revert to the mean?
Moving into a Shorter Time Frame like the 4H, there is a much nicer pivot point to be concerned with - 920 Length Bollinger Bands @ 1.25 StdDv, a period identified through Volatility Theory. Take a gander yourself.
If Volatility Theory or Distribution Sets sounds like something of interest - go visit DadShark on TradingView, he has an amazing article on Price Volatility , very interesting and profitable strategy.
The Holy Grail of Trading, Advanced Volatility Theory
Good luck, Traders! May you find yourself on the profitable side of it.
ETHUSD - Daily Fork and Slope, No FOMOOne thing a Modified Shiff and Bollinger Bands can agree on, is that from a daily time-frame , the slope is pitched ever so gradually up against a larger current. To expect ETHUSD Price movement to extend upwards against a 200 Period Bollinger Bands , and the weight of the 200 Avg in a single volatile action, would be wildly irrational.
ETH Price action did make a convincing pop over the 200 MA, but the first order block was nearby. ETHUSD has shed a considerable amount of mass with respect to the 200/100 and 50 Period Distribution Sets (more the latter two than the former), making high volatile moves in the future more impact-full.
The reality is, the driver in the ' Short-Term-Volatility-Distribution-Set-Lane ' just pulled into oncoming traffic, a large 18 wheeler or maybe a family sized ' Large-Distribution-Set-Winnebago '. Price action could find it more comforting to reload along the 200 MA, though there seems to be 2 large supporting wicks around the 153 area . Possible too, that ETHUSD finds a nice trading channel to nestle into along the top side of the Pitch Fork Median Line while the 200 MA Benchmark turns up, and the bands find a new altitude to their slope (upward).
With the 100 and 50 Period Band @ 1.2 StdDv Lifting their slope - ever so moderately and coming to meet the 200 MA, the road may be altering slightly. To think we could not, or will not return to the $100 range to retest some lows is not out of the question. We are within the 200 Period Distribution Set, smack right in the middle (mean) @ a 68.2% probability chance that data can trade within this range of the mean with the lower 200 band sitting, mobile I mind you, at the $97 mark.
The 200 Period Bands have taken 2 months to change their mind, the lower band is not sloping up, and the upper band is still pitched down.
Can it hit $200, sure, but sitting directly over the upper 200 Band @ 1.2 StdDv is also a large order block, conveniently.
If you want to learn more about Volatility Theory, go Visit DadShark @ Shark Charts. I'll link him below.
Good Luck, Traders. May you find yourself on the profitable side of it.
Ultimate '19 Bear Market Target >>$1350 (Bollinger Bands weekly)If you check out the Bollinger bands on the weekly BTC chart, you would see how over extended they become when BTC hits its all-time highs.
Using a basic analysis on the Bollinger Bands bottom (lows) at each all time high, gives a very good projection/indication of the lowest price range of BTC in each following bear market.
Projecting the above theory to the December 2017 bubble, we can project that the BTC bottom will be around the $1350 price (ranging between $950 and $1755) within the March-May 2019 window .
My best guess is a quick shot down to the $1350 target from the $3k levels sometime in late Feb/early March, followed by a swift U-shaped recovery back to the $3k levels in April to begin the new consolidation phase & Bull market...
LTC/BTC Price Analysis & Short Term ProjectionHello Everyone!
I've also been doing analysis on the COINBASE:LTCBTC however, most of us are trying to grow the amount of $BTC we own. Here is a quick analysis of the COINBASE:LTCBTC pairing:
Lower timeframes up to the 25 period are currently expanding which is resulting in the current movement down. While some are short term bullish on $BTC (myself included), I believe COINBASE:LTCBTC still has to show price holding to get the proper buy conditions.
Since COINBASE:LTCBTC has entered the 230 containment zone and is currently holding support at the bottom, I do expect a short term mean reversion to approximately 1065 sats once buy conditions have been met.
I will continue to update this pairing.
DISCLAIMER: This information is for reference only and is NOT financial advice.
0% MagicI've only seen one 'popular' trader use this divine combo of overlays, (they also cook bacon and eggs together in one pan so maybe it's some sort of fetish or something in their case) but I've dabbled with it for a while as well. The Bollinger Bands and Ichimoku cloud were the first two indicators that I came to use and understand, the fact that they can be used simultaneously without getting too ridiculous is a huge bonus.
Since I do not believe in a wrong way to trade, other than losing a lot; I'll keep my point of view on this combo as straight-up as possible.
Bollinger displays the 'mood' of the price, while the Ichi gives S/R levels as well as providing profit and stop targets a la the 'edge-2-edge' play or the 'c-clamp', giving oversold/bought signals, and bull/bear/indecisive signals via the kumo and the TK. The Ichimoku creates a structure that the Bollinger puts into context by portraying the relative momentum.
Either one of these on their own could arguably do all the things that the other one could in their own way: But, because of this, by hybridizing the two of them the resulting complex can be used like one supercharged indicator.
It's about that simple, and this 4h chart shows a stunning example of the edge-2-edge play mentioned earlier, which is simply when the price enters the kumo/cloud and travels from one edge to the other, either bullishily or bearishly. Here, it was bullish of course.
Adding a Fib to the mix merely enhances the metrics of the Ichi/BB overlay. Any horizontal S/R is going to be 'wedging' with the Ichi/BB on a routine basis, allowing for breakout-trade setups and the usual triangle/wedge patterns. Plus, whatever cosmic Fib voodoo you may happen to worship can also be applied with more context.
This brings me to my final point before this gets too long: The Ichi/BB isn't a substitute for price action analysis, rather it provides a map of the territory. Keeping ones eyes open to price action in whatever form you may already be using it in is a major boon to the Ichi/BB approach.