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Centered Oscillators

USD/CAD: bearish movement is coming.Hello every one U.S. Dollar / Canadian Dollar USD/CAD has formed a rising wedge pattern .this means it is time for bears to take control .after the break out happens the price can fall to the support levels shown in the picture. There are also regular bearish divergences on both MACD and RSI indicators which makes the bear market more reliable. after the break out we can take sell position with ease. Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Thank you for seeing idea . Have a nice day and Good luck.
Short
by CobraVanguard
22
Bitcoin Bear Market Confirmed on the MonthlyPreamble There is quite a debate as to what constitutes a bear market generally and what constitutes a bear market in crypto specifically. Having pondered this question at length for myself and experiencing the pain of indecision this is what I have developed. This determination is very important because in bull markets bullish formations overperform and even bearish formations can break upward. In bear markets bullish formations fail to trigger and bearish formations over-perform. In the linked ideas you will see that I rang a warning bell when the three day condition was met at 50k and I called the bear market at 43k and look at us now, struggling to stay above 33.5k. I have been at sundry times mocked for my call, in person and online. Meh. We see the system is now printing a bearish close on the monthly timeframe and that is going to be extraordinarily difficult to overcome. The System The key components to this system are the VSTOP and the MTF VSTOP, which are based off the Average True range, a most valuable indicator for its use at finding lows in markets, and its use in measuring volatility for stops and the Keltner Channel. When both are flipped bearish or bullish the uptrend is extraordinarily resilient and despite viscous retracements there can be a lot more continuation potential. As they have both flipped bearish I continue to foresee a lot of bearish continuation. The monthly 20 SMA will very likely (above 90%) fall as support. Price may chop around there on the weekly chart for weeks but ultimately downside targets are going to be reached. The monthly MACD cross is almost upon us and in short order I foresee that happening as well. On lower time frames I can add the Ichimoku cloud or On Balance Volume with EMAs, but due to the high time frame those are unworkable now. Targets I continue to think that BTC will see some wicking below the monthly Keltner channel. We may even close a candle body below it before chopping sideways and then up. Please review the linked idea for more details on that. Final Thoughts If you are still bullish please let me know, technically, why. MY system lets me change my biases and my behavior as soon as the 3 day or weekly conditions are met. This monthly post is to help people understand the scope of that we are dealing with, and the forces that are at play. It is not possible for me to chart the 20 month wrong, or the VSTOP wrong. There is no squinting and seeing a falling wedge that isn't there or misreading divergences. The bias is bearish.
BITSTAMP:BTCUSDShort
by This_Guhy
29
BTCUSD Daily 13CCI tbl and triangle apex still Short until..In a big picture, standing aside until price breaks above $41.5k or below $28.5k can save a lot of whipsaw unless one is nimble, has low fees on trades, has limit and stop orders available, and is a good chart reader. For those wanting to use 13CCI signals to trade in/out during this extended consolidation, daily CCI is currently on a short signal. It would change to a long signal when 13 CCI crosses up thru the last shown down-trendline. We would also expect to see that the apex of triangle drawn on CCI would have its apex at or above zeroline
BITSTAMP:BTCUSD
by nicker
4
BTC Eve and Adam suggest one is forming on ETHBTCI got a scratching in my head again when looking at the ETHBTC chart and it was beginning to resemble the bitcoin chart and a bit more tinkering has resulted in this post. I see myself doing a couple of editions of this basic concept over the next couple of days. The fib levels show that BTCUSD had a more powerful move as BTC was able to reach the 0.786 Fib retracement level and ETHBTC did a good showing of breaking 0.618 before getting rejected. It is a bit to early to guess now, but that could mean that ETHBTC may not reach the full 1.618 fib extension on its upleg if the Eve and Edam pattern develops and we may have to settle of a mere 1.414 extension. Likewise, the very bullish Eve and Adam had a higher low on the Adam. No guarantee that the Adam low will be lower or higher than the eve on ETHBTC at this point. Quick reminder on Divergences Normal Divergence (Trend Reversal) Bearish: Higher highs on price action but lower highs on the indicator Bullish: Lower lows on price action but higher lows on the indicator Hidden Divergence (Trend Continuation) Bearish: Lower high on the price action and higher highs on the indicator Bullish: Higher low on the price action and a lower low on the indicator The BTCUSD high on the main chart looks a bit deceptive on the log scale, in part because that 90% move doesn't look that impressive. Below it makes things a bit clearer were I focus more on the Eves and not a wider picture. BTCUSD has a technical double top from the weekly candle bodies from the beginning of 2018 to the middle of 2019 and the divergence tore the uptrend to pieces. I also was torn to pieces looking for a short entry too soon and not just being patient and buying the dip. By the time the dip fell to my level I was so pissed off at myself I didn't buy crypto, I had been too burned out on it. ETHBTC is off to the left and the hidden bearish divergence is much clearer. There can be some considerable chop over the next six to nine months as everything comes to order. I called the top on BTC when everyone else was looking for upside continuation and I still remain steadfast on my downside targets on BTCUSD reaching around 14-16k until such time as the 20 week SMA is no longer acting as resistance. So I am operating under the assumption that ETH will fall faster than BTC and perhaps BTC will recover quicker as well and then ETH will have a huge run, appreciating 10x against BTC from its current position. I also called the local top in 2019, but as I mentioned, shorted to soon, repeatedly, and it burned me. I developed my stop and short strategies a bit since then so I may give it another college try in the future. My linked idea from August 2019 is one of my most frustrating ones because, despite the chop it reached my long term target and I tore my account to pieces. I suspect with patience ETHBTC will reach the box below around 0.019 to 0.023. My recent idea on BTC has some target setting for BTC any my target setting for eth is along the same lines (Below the monthly Keltner channel).
Short
by This_Guhy
Amazon Harmonic - Daily & Hourly Bearish BatThere isn't much more to say other than that if the 0.886 retracement holds on both the hourly and daily timeframes into Tuesday's morning session, this Bearish Bat harmonic could end up confirming an enormous reversal that has been nearly a year in the making. I remember reading that some dude had a 2M put position going into Amazon's 2020 Q2 earnings report... despite the fact that this was the first blow-out earnings beat (10 times street expectations top and bottom!) the put position wouldn't have bankrupted him in a day. I know this because I speculated with reasonable calls into that ER, thought I had won the lottery, only to watch this thing selloff like hotcakes on the open. Point is that Amazon runs like hell both randomly and seldomly. Thus, the odds of it making all-time highs is actually much slimmer than one would believe - especially if they were to also look at the volatility that is implied by last week's options. Sometimes black-box financial engineering methods employed by machines lack the human intuition to know when a financial asset is ready to turn. The implied volatility assumed into Amazon's near-term contracrs is one such example that can be exploited for an easy volatility flip on the first break of harmonic support. That, or you could try for the almighty dime-bagger that this harmonic structure implies in the mid-term, the likes of which would produce some of the most expensive same-week options that have ever been printed. -AmazonianSwine NASDAQ:AMZN AMEX:ARKK NASDAQ:AAPL CURRENCYCOM:US100 TVC:IXIC TVC:NDX TVC:SPX CURRENCYCOM:US500
NASDAQ:AMZNShort
by UnknownUnicorn5511258
6
$GTT Target 4.42 for 49.83%$GTT Target 4.42 for 49.83% Or double position at 1.54 Here's another one you might want to stay away from unless you just love adrenaline 😏🤓 — On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average. I start every position with 1% of my account and build from there as needed and as possible. I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading. I finally added my YouTube Training Video to my profile tagline since I’m not allowed to on here. It’s a quick 15 minute training video on how to set up your chart and how to spot opportunities. So check here first but If you have questions just message me.
GLong
by SPYder_QQQueen_Trading
3
What's The Outlook For Bitcoin? - June 20th, 2021Bitcoin is holding just above the Yearly Open Price. I would expect some massive selling if we get under these levels, as large positions have been publicly taken by large companies, institutions, and hedge funds around this price area. However, that could also mean that these large position holders may be looking to accumulate more at a lower price point. Either way, I expect this to be a volatile couple of weeks-months. We can expect to see COINBASE:BTCUSD fluctuating in price quite a bit. Ultimately, the Yearly Open is a powerful level for Investors and Traders, and I will be watching this level closely. Regards, @DayTradingOil
COINBASE:BTCUSD
by DrCatherineHalsey
1