Get started

Candles

Previous Bitcoin Red Candle Streaks = 61.8% Bullish RetracementsWe are in the midst of 7 straight red candles on the daily chart for Bitcoin. The last time this happened was in September of 2017. The longest before that was an 8 day streak in January of 2016. In BOTH of those instances, Bitcoin regained (fibonacci retracement) 61.8% of the loss within 4-5 days of the bottom. This is valuable info in setting a target if it has a similar bounce this time around. As I posted on another chart, there is actually some positive news out there... so whether the bearish momentum is that strong, or the market just has not digested the news, I don't know. But here it is... --Coinbase announced Ethereum Classic will be functional by August 7th, and trading to follow 2 days after deposits are accepted.https://twitter.com/coinbase/status/1025474348742660096 --Intercontinental Exchange Announces Bakkt, a Global Platform and Ecosystem for Digital Assets -Launch of regulated, physical Bitcoin futures contract and warehouse planned for November 2018 -Bakkt to draw on expertise from leading companies across regulated markets, risk management, technology and consumer experience including BCG, Intercontinental Exchange, Microsoft and Starbucks www.businesswire.com --Coinbase CUSTODY is exploring support for nearly 40 coins for storage. blog.coinbase.com In any case, this streak of daily red candles is getting into record territory, so I believe it is helpful to look to the left to see what happened in previous situations. I hope these two examples will help you set your stop and targets. I will add, a comparable level to where we are now, would be a target of $7700-$7800, which is actually a nice support/resistance zone. I could see it getting to there, then pulling back a bit, then continuing on bullish in the weeks ahead. Thanks for viewing. Please give a 'like' if you found this to be valuable. Travis JMJ - UIOGD
COINBASE:BTCUSDLong
by Procinctu
NEW Indicator: CCI Colored Candles / Bars w/ HistogramIndicator Overlay Color of your candles matches your CCI with Histogram indicator and trend line . CCI EMA or SMA based option, traditional or modern formula calculation options ect. Can change Length, source, Trigger Lines, colors of candles and histogram and more The CCI compares the current price to an average price over a period of time. The indicator fluctuates above or below zero, moving into positive or negative territory. While most values, approximately 75%, will fall between -100 and +100, about 25% of the values will fall outside this range, indicating a lot of weakness or strength in the price movement. A basic CCI strategy is used to track the CCI for movement above +100, which generates buy signals, and movements below -100, which generates sell or short trade signals. Investors may only wish to take the buy signals, exit when the sell signals occur, and then re-invest when the buy signal occurs again. The CCI compares the current price to an average price over a period of time. The indicator fluctuates above or below zero, moving into positive or negative territory. While most values, approximately 75%, will fall between -100 and +100, about 25% of the values will fall outside this range, indicating a lot of weakness or strength in the price movement. When the CCI is above +100, this means the price is well above the average price as measured by the indicator. When the indicator is below -100, the price is well below the average price. 1 CCI strategy is used to track the CCI for movement above +100, which generates buy signals, and movements below -100, which generates sell or short trade signals. Investors may only wish to take the buy signals, exit when the sell signals occur, and then re-invest when the buy signal occurs again. Long-term chart is used to establish the dominant trend, short-term chart establishing pullbacks and entry points into that trend. A multiple timeframe strategy is commonly used by more active traders and can even be used for day trading, as the "long term" and "short term" is relative to how long a trader wants their positions to last. When the CCI moves above +100 on your longer-term chart, this indicates an upward trend, and you only watch for buy signals on the shorter-term chart. The trend is considered up until the longer-term CCI dips below -100. When using a daily chart as the shorter timeframe, traders often buy when the CCI dips below -100 and then rallies back above -100. It would then be prudent to exit the trade once the CCI moves above +100 and then drops back below +100. Alternatively, if the trend on the longer-term CCI turns down, that indicates a sell signal to exit all long positions. When the CCI is below -100 on the longer-term chart, only take short sale signals on the shorter-term chart. The downtrend is in effect until the longer-term CCI rallies above +100. The chart indicates that you should take a short trade when the CCI rallies above +100 and then drops back below +100 on the shorter-term chart. Traders would then exit the short trade once the CCI moves below -100 and then rallies back above -100. Alternatively, if the trend on the longer-term CCI turns up, exit all short positions. Make the strategy more stringent by only taking long positions on the shorter time frame when the longer-term CCI is above +100. This will reduce the number of signals, but will ensure the overall trend is very strong. Entry and exit rules on the shorter timeframe can also be adjusted. if the longer-term trend is up, you may allow the CCI on the shorter-term chart to dip below -100 and then rally back above zero (instead of -100) before buying. This will likely result in a paying a higher price, but offers more assurance that the short-term pullback is over and the longer-term trend is resuming.
CME_MINI:ES1!
by stokedstocks
1
BTC (VOLUME STRENGTH CANDLES) **NEW INDICATOR***INDICATOR: Is Price Action Higher or Lower on STRONG or WEAK VOLUME from lookback (Strong or Weak Bulls // Strong or Weak Bears) Candles / Bars Indicate the Following (default 13 period lookback / Length) MAROON (I changed mine to purple) Bear Candle with STRONG VOLUME more than 150% of the lookback / length (13 default), STRONG Bear Candle Confirmed With Volume RED Bear Candle while VOLUME is BETWEEN 50% & 150% of the Lookback / Length (13 default), Neutral Bear Volume Neither strong or weak ORANGE Bear Candle with WEAK VOLUME (Less than 50% of the Length / Lookback) DARK GREEN Bull Candle with STRONG VOLUME MORE than 150% of lookback GREEN Bull Candle with Neutral VOLUME BETWEEN 50% & 150% of the lookback / Length AQUA Bull Candle with WEAK VOLUME less than 50% of the Lookback Is price confirmed by volume? Can Change the Lookback / Length from 13 Can Change the Colors and Transparency to easily see based off your chart background colors I recommend ZERO Transparency to easily identify volume strength (i use white background but many use black or other) FULL volume based LAYOUT: www.tradingview.com
COINBASE:BTCUSD
by stokedstocks
3
My VOLUME BASED layout below including VOLUME STRENGTH CANDLES Layout www.tradingview.com volume strength candles //StokedStocks Volume Strength Candles / Bars (VSC) //Is Price Action Higher or Lower on STRONG or WEAK VOLUME from lookback / Length (Strong or Weak Bulls // Strong or Weak Bears) //Candles / Bars Indicate the Following (default 13 period lookback / Length) //MAROON Bear Candle with STRONG VOLUME more than 150% of the lookback / length (13 default), STRONG Bear Candle Confirmed With Volume //RED Bear Candle while VOLUME is BETWEEN 50% & 150% of the Lookback / Length (13 default), Neutral Bear Volume Neither strong or weak //ORANGE Bear Candle with WEAK VOLUME (Less than 50% of the Length / Lookback) //DARK GREEN Bull Candle with STRONG VOLUME MORE than 150% of lookback //GREEN Bull Candle with Neutral VOLUME BETWEEN 50% & 150% of the lookback / Length //AQUA Bull Candle with WEAK VOLUME less than 50% of the Lookback //Is price confirmed by volume? //Can Change the Lookback / Length from 13 //Can Change the Colors and Transparency I recommend ZERO Transparency to easily identify volume strength
CME_MINI:ES1!
by stokedstocks
AAPL "Volume Strength Candles / Colored Bars" **NEW INDICATOR**Is Price Action Higher or Lower on STRONG or WEAK VOLUME from lookback (Strong or Weak Bulls // Strong or Weak Bears) Candles / Bars Indicate the Following (default 13 period lookback / Length) MAROON Bear Candle with STRONG VOLUME more than 150% of the lookback / length (13 default), STRONG Bear Candle Confirmed With Volume RED Bear Candle while VOLUME is BETWEEN 50% & 150% of the Lookback / Length (13 default), Neutral Bear Volume Neither strong or weak ORANGE Bear Candle with WEAK VOLUME (Less than 50% of the Length / Lookback) DARK GREEN Bull Candle with STRONG VOLUME MORE than 150% of lookback GREEN Bull Candle with Neutral VOLUME BETWEEN 50% & 150% of the lookback / Length AQUA Bull Candle with WEAK VOLUME less than 50% of the Lookback Is price confirmed by volume? Can Change the Lookback / Length from 13 Can Change the Colors and Transparency to easily see based off your chart background colors I recommend ZERO Transparency to easily identify volume strength (i use white background but many use black or other)
NASDAQ:AAPL
by stokedstocks
1
FB "Volume Strength Candles / Colored Bars" **NEW INDICATOR**Is Price Action Higher or Lower on STRONG or WEAK VOLUME from lookback (Strong or Weak Bulls // Strong or Weak Bears) Candles / Bars Indicate the Following (default 13 period lookback / Length) MAROON Bear Candle with STRONG VOLUME more than 150% of the lookback / length (13 default), STRONG Bear Candle Confirmed With Volume RED Bear Candle while VOLUME is BETWEEN 50% & 150% of the Lookback / Length (13 default), Neutral Bear Volume Neither strong or weak ORANGE Bear Candle with WEAK VOLUME (Less than 50% of the Length / Lookback) DARK GREEN Bull Candle with STRONG VOLUME MORE than 150% of lookback GREEN Bull Candle with Neutral VOLUME BETWEEN 50% & 150% of the lookback / Length AQUA Bull Candle with WEAK VOLUME less than 50% of the Lookback Is price confirmed by volume? Can Change the Lookback / Length from 13 Can Change the Colors and Transparency to easily see based off your chart background colors I recommend ZERO Transparency to easily identify volume strength (i use white background but many use black or other)
NASDAQ:META
by stokedstocks
VG - No Country for Weak Men - Big Boys Want You to SellThis is a new idea but relates to my earlier idea. Patience! I have drawn a a classic harmonic AB=CD pattern. I quote ( paraphrase ) from Carney's book, "....it's hard to make yourself believe the stock will reverse because the sell off has been dramatic and the stock appears weak....but you must sell at D...not believing this initially cost me a lot of money" So in addition to the pattern, you have Connors RSI approaching 10 level again. At this level you have bullish candle sticks - hammer, engulfing, and yesterday a doji. The director just bought some stock, not much, hey. And they just announced the Google thing. And then there is the Elliot Wave Count, which doesn't break any rules and meets many of the guidlelines for wave formation. Finally, this is an area of support that has held since the summer of 2015. So everyone says it's going down, but all signs point up. This is the time to buy, and sadly when most people sell and get out. Am I talking myself into staying in this trade? Perhaps, but my strategy is clipping along at 83% success, and one thing I know is - you must EXECUTE if your system says to. can't listen to the hand wringers and stock twits. If you're wrong, you are wrong, can't win em all. Look, for at least a move to the C point - the 61.8 fib level 7$. We could see $9 - the 1.618 level and a target for a wave III move.
VLong
by AuthenticTrader
5