Cryptocurrency correlation with BTC, ETH, NASDQ and S&P 500This chart is intended to help visualize the possible correlation of a cryptocurrency with BTC, ETH, NASDQ and S&P 500.
It was designed on a daily timeframe.
The histograms are set on two different scales: the darker one on 7 candles and the lighter one on 30 candles.
When the histogram is above the zero line, the correlation between it and the main asset is positive.
Centered Oscillators
Leaders within Leadership (a.k.a. Fish where the Fish Are!)As breadth deteriorates across major indices, managers look to hold outlying leadership. This week it has been performance in tech and consumer discretionary holding up the S&p 500. If you drill into the top holdings of $XLK, the info tech sector, you see selling pressure in Adobe $ADBE, Salesforce $CRM, Microsoft $MSFT and others. There are only a few leaders within the leading sector. Apple Inc. $AAPL and NVIDIA Corporation $NVDA are standouts.
The GoNoGo Chart above shows the trend conditions of NVIDIA Corp.'s relative strength against the tech sector $XLK. Unlike $APPl which has a choppy relative trend, $NVDA has steadily outperformed the sector. In turn $XLK has outperformed other sectors in the S&P of late. With 84% outperformance of the technology sector since the "Go" was flagged in May, NVIDIA Corporation is checking boxes for both absolute and relative performance.
Note, GoNoGo Oscillator(R) is testing the zero line where we will look to find support if this trend is meant to continue. GoNoGo Squeeze(R) is beginning to build the amber grid. The longer momentum is at neutral the greater the likelihood for a high vol move in the direction of the break.
SOLANA show us up movement to next targetHello my friends
for now I want to talk with you about SOLANA
as you see guys market was testing Support(180.1050) Then MARKET began to rise towards the resistance and whats happened he broke it
Now after the break, the market will start to accelerate in the coming days to next target (260.0000)
This is article not financial advice, always do your own research.
If you have any questions, you can write it in comments below and I will answer them.
And please dont forget to support this idea with your like and comment, thank you.
My unique indocatorHey guys hope you are doing well at this idea, im going to teach you my indicator, it's made by MACD and RSI indicators it a mix of two indicators which you can use it for making money !
at first you add RSI indicator to your chart, then you go to the settings of RSI the you face to another indicators you should select MACD ,
as you can see if the RSI line breaks down the higher line the price will get down and reverse , you could take your money to short or long positions , this tutorial hasn't finished yet ,
if i see that you loved this indicator i will teach that fully ,
don't forget that this indicator raises down the risk to lower than %10;
thanks for reading !
XAU/USD: divergencesGold showing us bullish divergence in the price action and both indicators (RSI and MACD)
We look in the price actin making a lower low and RSI making a lower high. Meanwhile, in MACD it's appear that we continue in up direction.
Now, I want to share you this analysis in H4 timeframe we're we look indicators oversold and we could to look a bullish reversal in the price.
NIO could break the downtrend line upwards NIO has been in a decreasing trend since the beginning of the year, which has been confirmed with a couple of bounces. Nevertheless, chances are that the price of these shares break this trend line and starts increasing, having as a first objective attaining $49-50 per share.
The MACD indicator is right now pointing upwards, which means that the two lines that provide its signals could cross in the following trading sessions, providing a more clear buying signal to the market. Therefore, we will be waiting for a breakout signal.
On the other hand, whether the downtrend continues, a triangle figure could end up being created.
BTCUSD Daily decision pointsThe chart is marked with three decision points. Two CCI decisions are already short. I had "hoped" price would turn north again around 62,000. I am aa bit concerned now. If price drops thru -38.2% I'll be sidelined.
There are many factors upcoming that you should watch. Generally speaking, markets are positive between Thanksgiving and Year end. But we have a week before that, which may be lower due to options and positioning. Another thing is "proofing day" Jan 3, when some crypto owners may be required to have notification given to the government that they own crypto. I am ignorant about this. another possible effect on price could be a "short squeeze" on companies which have borrowed cryptos at very high interest rates, and may be forced to pay back at much higher prices than they had planned.
I have NO idea your best course of action. Heads up and best wishes
Quickpost on ThetaTheta has finally broken its resistance and I see a lot of upside for the rest of the year, maybe into Q1 next year. I am looking to take profit at about $40 and if/when I see some consolidation patterns I will double up at major fib levels with some of the margin I create in the move.
Quick look at technicals
We are above the SMAs on this break out and the MACD is positive and above the signal line, and both are above zero. Also, the 9 seasons rainbow shows we have established a base and afterwards have established a clear uptrend.
On a higher time frame the volatility indicators suggest we are in a uptrend and we have broken above the 20SMA.
On the 4 hour we can see that the price action has retested the resistance line as support. It may need to retest further but the lower time frame volatility is likewise favoring a uptrend.
Trade Management
I am keeping my stop where it is for now until it seems that the chop around finding support on previous resistance is done then I will move my stop loos to guaranteed profit while I let this run. I do expect more chop around each fib level as we move up but I have a good entry for what I feel is a good RRR on a long shot.
DENT don't panic.As you can see we're still in an uptrend.
Ascending triangle structure is still in play.
The 50SMA worked as great resistance.
Finally we can see that 0.006 has worked as support and resistance multiple times lately, so we can see that's a point were people are interested in buying.
This market correction could be the last one before we head towards the proper alt-season.
$IOST - Bullish Pinbar formed in Daily. Entering LONG#IOST has formed one of the most beautiful chart formations for me, consisting of a Daily pinbar in a strong support zone plus the MACD forming a twist in its MA’s, indicating a strong exchange in market direction.
ADX is super strong also, indicating the strong power of the current trend.
Placing Long positions from right here.
**WILL BE UPDATING**
DENT golden cross.I think I've been looking at DENT from the wrong perspective. In the longer time-frames I can see how DENT did a golden cross in the daily chart. Last time it did that DENT went up almost 100x since the signal.
Don't get too caught up in the lower time-frames, the price is way too unpredictable there, I think.
But what do you guys think? Opinions?
Has Bitcoin made it to the top yet??Hi!
In this analysis, I present the arguments to show what many renowned traders already claim:
Bitcoin is only at the beginning of an uptrend.
Why do we have a strong uptrend?
In the red lines of the Bitcoin graph, we have the historical tops.
Below, I configured the CGO (Center of Gravity Oscillator) with a period of 200 days, using a Fibonnaci retraction that goes from 100 to -0.382.
In this indicator, we can see that we still have a lot of room to rise.
Why haven't we made it to the top yet?
We have a very interesting indicator developed by David Puell called "The Puell Multiple".
Basically in a nutshell, it identifies when miners are taking an abrupt and very unusual profit taking.
When we have a peak on this indicator above the red dotted line, we clearly have a top.
In the marked rectangles we can consider a possible exit point.
In the fall we had a few months ago, we can see that it didn't happen, so we still have a new top to discover.
John B. says 90% chance for a brake outI'm looking at TXMD again. Still bullish.
Only TA, no fundamentals this time:
The Bollinger band is an interesting tool that tells us now -as price is at the lower band (oversold) and in a situation when the band is very contracted (squeezed)- that likely a brake out will follow.
Add a positive divergence to it on the MACD and on the the RSI along lately (in relation to the price) and you get the idea: we are going UP.
But don't get too excited too soon when price moves, as last time (see my link below) traders sold off at about the 100% profit mark. And as supply/demand determines price...we fell back. Now the opportunity is even bigger. I'm expecting a 10x on this one long term. Speaking of time frames, the chart we are looking at is a 10 year period. We are now at all time lows (and as just mentioned above, at an all time narrow squeezed scenario), so the odds we are going to the moon are quite good.
Some fellow retards on Reddit talked about this before, that it's going to $24. I'm not sure why that number, but I can't say it's impossible.
BTW, I like the stock !
Pro analysts consensus is above $5 (for 12 months), my own mid term PT is still $7 (for the next 2-3 years) and right now the stock is worth about $4 IMO.
Ethereum in clear uptrend(ℹ) Perhaps the best way to analyze the value of an asset is with Bitcoin, and not with a government-owned coin that only loses value over time...
The long uptrend we're in started in January/2020.
We can consider that we are in wave 4, and in this wave 4 we are in an ABC correction, where the drop was rejected, corroborating the beginning of wave 5.
By plotting the Fibonacci projection, we can reach the price of 0.10 BTC per Ether at the 61% target, and 0.14 BTC at the 100% target.
Pitchfork demonstrates rising bottoms and possible tops.
In the Center of Gravity Oscillator configured with a 21 week period, we can see a weakening in the falling movements.
Added to that, on the fundamentalist part we have the rapidly expanding DeFi ecosystem, and the crypto market as a whole that will sooner or later swallow up the traditional market, protecting us from corrupt politicians who throw money into the hands of a few bankers who pay bribe.
CherrySwap (CHE) with bullish divergenceCherrySwap is the DeFi platform with the highest TVL (Total Value Locked) on the OKEx blockchain.
On the chart we can see a bullish divergence, which could break up.
The OKT and OKB cryptocurrencies native to this blockchain also appear to be upside potential.
Consider the BTC.D (Bitcoin Dominance) graph. When it's going up, it's not a good time to be on Altcoins.
Riot Potential Second WindLooking at a strong entry point for a long trade on a second leg formed.
Looking for a price target of $30.
Signs of oversold conditions starting to appear on the RSI & MACD . Also seeing some divergence.
While I see pullbacks on BTC to $50k & ETH to possibly $32-3500, RIOT seems to suddenly making a breakout.
Could be profit taking and traders seeing higher profit % potential here in the meantime?
I'll bite. Let's see where this goes.