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Waves+ signal charting, partial blindExample charting of signals from Waves+ with a partial blind - all horizontal lines/signals were plotted with the candlestick chart hidden. A full blind test with long/short signals plotted before the candlestick chart isn't hidden is in order - I'm fully aware that this potentially isn't realistic with the results on the signals due to them being placed after the fact - and I'm aware of that. This was merely a first step - nothing more. A few of these trades are easily invalid due to the fees being high - without leveraged positions, the profit percentage here is slim. down red arrow = short up green arrow = long green checkmark = position was closed in profit if you closed on that bar red X = trade closed at a loss orange horizontal line = early sell/short signal, or early exit from long signal blue horizontal line = early buy/long signal, or early exit from short signal Charts:
BITFINEX:BTCUSDEducation
by auroagwei
1
Sep 11 2019 My 1st Chart idea!! Bitcoin Chart & Price AnalysisAs you can see on my Bitcoin/USD Coinbase chart, the price of bitcoin is still below the 12 and 26 exponential moving average lines, which are represented in red and dark blue. In my opinion, the last candle stick which is red, "could" indicate that the price is temporarily headed back down. The yellow upwards trend line that i drew on the chart is acting as "one" of the possible support levels. The wick of the last candlestick is testing one of the support levels at the $9864 price point. The second support level in my opinion that i want to point out is at $9453 Also, I want to point out that the candle sticks are still inside the massive triangle which was drawn with a downwards trend line in green and upward trend line in green. The pattern of the candlesticks is getting very tight meaning the price could break out of the triangle very soon. We could have a price breakout to the downside or to the upside. The numbers in Pink on the chart, represent my ideas of 3 possible scenarios of my opinion of where the price could go. If we end up breaking out of the triangle upwards then a possible resistance level could be at $10,678. The second possible resistance level could be at $10,948 The MACD and RELATIVE STRENGTH INDEX "can" help determine where the price is going to go. As you can see we are about to have a cross over on the MACD, which means the price could go back down. Also, The relative strength index line is starting to trend sideways which "could" mean the price will stay the same for a little , before moving back up or back down.
COINBASE:BTCUSD
by chartcutie
6
LTCUSD Major Resistance Hello Traders, New Thesis on LTCUSD, Points to consider; - Uptrend Broken - Broke major support, now testing as resistance - Stoch crossing bearish - Volume climax on 4hr time frame - EMA crossing bullish, insignificant with all bearish indicators - RSI neutral on 4hr time frame LTC needs to break this major resistance for it to continue its uptrend, this will allow it to put in a healthy lower high. However, going short is looking more probable as BTC market structure is bearish, Major ALTs tend to follow BTC, thus the target for LTC from current resistance is more likely to be the support zone at around $50.00. What are your thoughts? Please leave a like and comment and remember, “Letting losses run is the most serious mistake made by most investors.” – William O’Neil
COINBASE:LTCUSDShort
by AzizKhanZamani
Bitcoin - Uptrend or Downtrend?It is Friday and again another analysis of BTCUSD. This week has been a rough week with the first red weekly candle in a long time. I've found the daily 30EMA has been a strong support, RSI is at a healthy 50 on the daily. Looking at the market and trying to predict an outcome is quite difficult. When I look at this chart I see the 30EMA as a good support, a small red bull hammer is forming on the 06/06/19 candle. The stochastic RSI is oversold and trying to reverse for a bull run. Volume on the red candles is depleting showing a loss in momentum. I feel the big indicator to keep an eye on is the 30EMA, if we see a significant drop below and a close to cement the bearish trend in action this would confirm a trend reversal to the bear side. If we keep an eye on the 30EMA and see on the 70/06/2019 candle open with a bullish formation we can expect this to be the new support/bottom. There is plenty of room for price action to move either way, so don't be fooled and keep an open opinion. As always please like this post if you agree and comment if you have a constructive opinion. This is in no way finicial advice and all care should be taken to carry out your own analysis and decisions before investing.
BITFINEX:BTCUSD
by IRApTOIR
1
Gold [1-3 days view]Short Gold Entry: 1291.50 SL: 1303.40 TP: 1247.75 Global markets are currently in a risk off environment given the recent trade-war escalation tweets by Trump. This also is in line with safe-haven currency such as JPY outperforming this week. Technically, market reacted below long term descending trednline resistance. Price is also currently testing what I would call the natural MA of the market. MACD shows a bearish crossover, however, do note that it is still within bullish territory. Update: Trade was triggered overnight, and market has moved quite a bit as expected. I've trailed my stop loss to protect the trade and some profits. This trade is now risk free.
FOREXCOM:XAUUSDShort
by laughingchartist
AEM Holdings (SGX)Market drop in progress towards Trend level at $1.00/$0.97 region. After which an intermediate bounce is expected. Market reacted below desceding trendline resistance RSI (21) reacted below 53% resistance level and has entered bearish territory below 50% level. RSI (21) 53% resistance level is also where price has reacted many times in the past, as seen by the yellow arrows. Buying area finds confluence with fibo retracement and strong supply and demand level. Just an educational post to show how a confluence of technical elements can give a good trade with much higher probability. Also, because there is no good risk reward to this, I'm posting this as an educational material.
SGX:AWX
by laughingchartist
Gold [1-3 days view]Short Gold Entry: 1283 SL: 1287.77 TP1: 1273.75 TP2: 1260.75 I expect a Gold to drop. Market close to descending trendline resistance. RSI also testing descending trendline resistance. Market has reacted below this resistance multiple times in the past (shown by yellow arrows). Long term, market within a descending wedge pattern. Market however is still holding above it's short term natural EMA. Once this EMA is broken, we should see a higher conviction of a deeper drop.
FOREXCOM:XAUUSDShort
by laughingchartist
Unusual (1D1 - SGX) [1-3 weeks view]Long 1D1 with low conviction Entry: $0.285 SL: $0.270 Market is forming a possible double bottom reversal pattern. Only when price surpasses $0.330 will this reversal pattern be confirmed. $0.330 is also a strong resistance level found twice via: - Descending trendline resistance - Double bottom neckline Should market break above $0.330, we can expect to see price rise towards $0.395 which is both 0.618 retracement level and a probable wave 4 target.
SGX:1D1Long
by laughingchartist