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Doji

Update on SPYEnded up taking a small loss on SPY calls in the morning as I was quick to cut the loss as I realized tons of selling pressure as well as the break of support trendline in the morning of todays open. If anybody took puts at the open as I mentioned I would do, you should be sitting on some nice profit right now, I would lock that profit here as SPY is at another inflection point. This is now an hourly chart and a clear doji candle has formed currently meaning we are looking at a good fight between bears and bulls. Break and candle close below yellow box is bearish or break above blue line known as 5ma and candle close above is bullish.
AMEX:SPYLong
by Vickk
Education post 13/100 – How to trade doji candlestick pattern?– A Doji is a small bodied Japanese candlestick pattern whose opening and closing are at the same or nearly the same price. – A Doji is usually part of common Japanese candlestick reversal patterns like the bullish Morning Star and bearish Evening star patterns – Because Dojis are found in a large number of reversal patterns, traders automatically think that the single doji is a reversal candlestick. But in fact, the doji by itself represents indecision in the marketplace. – A Doji breakout setup provides an excellent risk to reward opportunity for forex traders. The lowly doji is very unassuming in appearance. Typically, it looks like a plus sign but can appear as a capital “T” in the Dragonfly doji pattern or the shape of a nail in the Gravestone Doji. We are going to be discussing the first two types of dojis found in the “cheat sheet” above. These small candles can lead to large breakouts that either continue trends or reverses them. We are going to look at the way to trade these power packed price patterns with limited risk for maximum potential gain Typical candlesticks consist of a body that may be one of two colors; blue or red. A candle is blue if buyers were able to push prices above the opening price and were able to hold it until the close of the candle. A candle is red or bearish is sellers were able to push prices below the opening price and hold it there until the close. On the other hand, the doji candles have no color. The doji and long-legged doji illustrate the battle between buyers and sellers that ended in a tie. The opening price and closing price are in the same place as bulls were unable to close prices higher and bears were unable to close prices lower. How to Trade the Doji Breakout Ideally, you want to find a doji that has formed near a level of support like a trend line. You want to identify the doji high and the doji low as this will determine the support and resistance levels of a potential breakout.
Education
by GroundStoneHoldings
Bitcoin Daily Update (day 239)I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business. My recent Bitcoin Bubble Comparison - 3 Day Chart led to the following calls: < $5,750 by 11/15/2018 & my prediction for the bottom is $2,718 by 1/20/19 | My Bitcoin Bubble Comparison - Monthly Chart closely mirrored my price and time targets | Calling for $35 ETH before the end of 2018. Previous analysis / position: “The 1h triangle comes to a head in about 13 hours. I can’t imagine consolidating $6,400 any longer than that.” / Short USDT:USD from 0.968 and short ETH:USD from $200.50 Patterns: Wyckoff hinge Horizontal support and resistance: S: $6,383 | R: $6,419 BTCUSDSHORTS: Current candle is entirely below bottom or triangle, will be interested to see if it closes that way Funding Rates: Longs pay shorts 0.01% Short term trend (4 day MA): Hovering on it / neutral Medium term trend (4 week MA): Weekly candle that just opened is well above / bullish Long term trend ( 32 Week): bearish Overall trend: Neutral Volume: Lowest weekly volume since the price has been > $1,000 FIB’s: 0.618 = $6,530 | 0.5 = $6,441 | 0.382 = $6,351 Candlestick analysis: Weekly doji | back to back daily dojis with tweezer top and tweezer bottom (never seen that before) Ichimoku Cloud: 4h cloud with strong support at $6,400 is starting to thin TD’ Sequential: Weekly r4 | If Oct close < $6,390 then will be a r3 | 4h g2 is > g1 at $6,420 Visible Range: Looking back to September 6th' (when this range started) point of control at $6,400 and two high volume nodes from $6,386 - $6,464 | This is also the highest liquidity zone for all of 2018 Price action: 24h: +0.14% | 2w: -0.34% | 1m: -2.99% Bollinger Bands: Price back above MA and top band in line with bear trend line. Indicates retest is likely Trendline: At $6,520 Daily Trend: Chop Fractals: 2 Up: $6,471 | 2 Down: $6,354 RSI: Stuck at 50 Stochastic: Monthly < 25 and looks like it is about 5 months away from bullish cross. Did a great job of calling the bottom of the last bear market Summary: After the last couple days didn’t lead to any solid significant conclusions I thought it would be best to heed some age old wisdom: when in doubt, zoom out I do not like the monthly chart other than for calling extremes (tops/bottoms) and the current environment made me think it was worth another look. That led to the following post: Bitcoin Bubble Comparison - Monthly Chart Using the Stochastic and TD’ Sequential I came to surprisingly similar conclusion as I did in the 3 Day Comparison where I used mostly moving averages and trendlines. That has given me more confidence in my target but I will not allow it to cloud my judgement. I have not added any more to my position and I have not changed my overall game plan. I did call for the $6,400 trading range to come to an end by now and that turned out to be a bolder prediction that I thought. Meanwhile the traditional markets are really heating up and I will continue focusing on them while waiting for this range to break. Orders are still set to add to my ETH position at $198.4 | $194.9 | $187.7
BITSTAMP:BTCUSDShort
by Sawcruhteez
GBPAUD formed a doji starA doji star formed at daily chart so I placed two stop orders: 1- Buy stop at doji high, Stop loss at doji low and take profit at fibonacci level 61. 2- Sell stop at doji low, stop loss at doji high, take profit at 1.7900 just to have risk/reward ratio above 1 (1.03 in this case) and a round number acts very often as a support/resistance. ADVICE: This idea is based on my researches, do your own study and don't invest based on this idea only. If you like my scripts and ideas and find it usefull to you, please consider to offer me a coffee: Donate 1$ or BTC equivalent at my blockchain wallet 1M4evumNsLBqrovYLpqATiQTLQZXUKZGYU&amount=0.00016041. Thanks Please use comment section for any feedback.
by 03.freeman
NZDUSD doji starA doji star formed at daily chart so I placed two stop orders: 1- Buy stop at doji high, Stop loss at doji low and take profit at weekly high; then, if position goes well, TP can be moved to resistance area and SL at fibo 23. 2- Sell stop at doji low, stop loss at doji high, take profit at 75 pips just to have risk/reward ratio above 1 (1.1 in this case). ADVICE: This idea is based on my researches, do your own study and don't invest based on this idea only. If you like my scripts and ideas and find it usefull to you, please consider to offer me a coffee: Donate 1$ or BTC equivalent at my blockchain wallet 1M4evumNsLBqrovYLpqATiQTLQZXUKZGYU&amount=0.00016041. Thanks Please use comment section for any feedback.
by 03.freeman
USDCAD: doji star on weekly chartA doji star formed at weekly chart so I placed two stop orders: 1- Buy stop at doji high, Stop loss at doji low and take profit at resistance 2- Sell stop at dojii low, stop loss at doji high, take profit at a support formed in May 2018 ADVICE: This idea is based on my researches, do your own study and don't invest based on this idea only. If you like my scripts and ideas and find it usefull to you, please consider to offer me a coffee: Donate 1$ or BTC equivalent at my blockchain wallet 1M4evumNsLBqrovYLpqATiQTLQZXUKZGYU&amount=0.00016041. Thanks Please use comment section for any feedback.
by 03.freeman
AMAZON - Buy opportunityAmazon stocks where retracing in last few days and weekly chart is forming a doji star. Slow stochastic confirms a rebound to oversold line. Good opportunity for buy. There are two possible entries. Conservative: - Place a buy stop just few pips above doji star high; - Stop loss at low of previous week; - Take profit with a risk/reward ratio above 1.5. Aggressive: - AMZN pre-market session is negative; - Enter long at market open; - Stop loss at low of previous week; - Take profit with a risk/reward ratio above 1.5, better if 2. ADVICE: This idea is based on my researches, do your own study and don't invest based on this idea only. If you like my scripts and ideas and find it usefull to you, please consider to offer me a coffee: Donate 1$ or BTC equivalent at my blockchain wallet 1M4evumNsLBqrovYLpqATiQTLQZXUKZGYU&amount=0.00016041. Thanks Please use comment section for any feedback.
NASDAQ:AMZN
by 03.freeman
IWM: Path of least resistance is upDear all, it should be evident from IWMs recent price action that this level and pressure of selling is not consistent at all. She is way oversold and ripe for an upward bounce please see verbiage in the chart to see exactly why. While I would not be surprised to see sideways consolidation or potentially even a new bottom (not likely) it should be clear the path of least resistance is up. Based on the horizontal volume profile (represents levels of volume at any given price range) IWM should levitate towards the upper 160s at least but I do not have a specific price point at this time. Thanks for reading please leave questions and comments below.
AMEX:IWMLong
by TNasr
A short term ideaThis is what I see. The ADX line shows us the BTC is in accumulation phase and also it shows the past 23 days of BTC moves was not a Bull trend the ADX didn't go higher than 25%, Thats very bearish. Currently price consolidates in a rising wedge which is made between uptrend line and the 25% level line of fan, this is also bearish. At the end of chart we have 3 Doji, one green and next of it is the yesterday's red Doji candle and today's candle which is not closed yet but if it close as a Doji then it is very bearish too. They can be a Bearish Tristar pattern or if we don't consider the first one as a Doji (it is a little taller than others) then the 2 other can make 2 Doji in row which is bearish too. I think today we will know which way BTC will go, up or down. In my opinion in next 4-5 days BTC will go to 6000-6200 region or it can go lower, then the trend will change to a upward trend. This is very good for Bitcoin, I really like to see it oversold on daily chart, it can be an excellent rocket fuel for Bitcoin. Closer look of rising wedge:
by nDman_sk
Bitcoin Daily Update (day 199)I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business. My most recent Bitcoin Bubble Comparison led to the following predictions: 1 day - 28 days = < $5,750 | bottom prediction: $2,860 by 10/30 Previous analysis / position: Identified resistance cluster from $6,67 - $6,887 that I believed will be the top of this bounce / Short ETH:BTC from 0.03143 | Short EOS:ETH from 0.0252326 Patterns: Descending triangle Horizontal support and resistance: R: $6,539 | Weak S: $6,450 BTCUSDSHORTS: Looks toppy with hanging man and then extended range. Funding Rates: Shorts pay longs 0.0384% 12 & 26 EMA’s (calculate % difference): 12 is being tested for resistance | 26 = -2.05% 50 & 128 MA’s: 50 = -4.28% | 128 = -7.53% Volume: Declining volume while price rises on 1h FIB’s: 0.618 = $6,637 | 0.786 = $6,414 Candlestick analysis: Daily doji | 4h bearish engulfing tweezer top Ichimoku Cloud: 4h cloud providing resistance. Thick cloud with flat top says it will be strong from $6,500 - $6,750 | Add this to the resistance cluster mentioned in yesterday’s post TD’ Sequential: Daily on a green 4. Top on the 4h 9 mentioned yesterday. Visible Range: Looking back to February when we have continued to test this price makes the most sense and it shows the point of control at $6,514 and a high volume node up to $6,724 BTC’ Price Spreadsheet: 12h = -0.02% | 24h = - | 1w = +1.38% | 2w = -9.98% | 1m = +4.49% Bollinger Bands: A return to the MA at $6,743 is to be expected after bouncing from the bottom band Trendline: At this pace we will test the top of the descending triangle at $7,031 Daily Trend: Chop Fractals: Up = $7,475 | Down = $6,065 On Balance Volume: Moving with price / no div’s ADX: ADX fell below 25 indicating trendless market. Chaikin Money Flow: Bouncing from oversold zones on weekly. Pulling back from overbought zones on daily. RSI (30 setting): W = 48.98 | D = 46.51 Stoch: Daily buy signal is trending up. Summary: I am starting to think that we are going to see the price resist below the original cluster that I was looking at. I would be surprised if we break through that daily doji from yesterday. That is when I expected the rally to $6,700+ Instead we were unable to test $6,660 and now the 4 hour chart is showing serious signs of a top. The high volume sell off followed by the bearish engulfing tweezer top is a strong indication that we will continue down from here. Nevertheless the shorts remain at all time high territory and are showing significant signs of a top themselves. Will be get one more squeeze that takes us to $6,700 - $6,800 or will we sell off from here? I would say it is about 55%:40% and 5% other. Here is my ETH:USD chart. The pale red box is where I want to build my next short position. The dark red boxes are shorts that have been called on this blog. I also have an order set to short EOS:BTC at 0.0007474 and I am 66% entered on my EOS:ETH short at 0.0252326. Click here for my EOS analysis.
BITMEX:BTCUSD.PShort
by Sawcruhteez
Be aware of this crucial BTC signal in the next few daysThe Stochastic RSI is a very powerful indicator of momentum in the market, and on the daily Bítcoin chart it is clearly showing that the bulls have likely run out of momentum. This is backed up by the low volumes the bulls are offering as they struggle to pass the strong $7120 historical resistance level , plus a Relative Strength Index which had been rapidly approaching oversold territory. The Stoch RSI (like all indicators) is an indicator of what has happened and not what will happen... although as is the nature of technical analysis , we can look to history and infer what is most likely. Like a ball thrown up in the air (buying), it will eventually lose momentum, slowing to a temporary halt (think Doji candle), before coming back down (selling)... and so the cycle continues. You just need to recognise when this is happening. When the Stochastic RSI crosses down over the 80 line after a strong bullish period, it usually always confirms a period of substantial selling is underway. Following the most recent examples of the Stoch RSI crossing bearishly below 80: In early July we dropped from $6820 to $6072 (an 11% drop) In late July we dropped from $8497 to $5880 (a 31% drop) If (and it's a big if) we cross down below 80 in the next few days... we could easily see BTC -2.07% drop from our recent high of $7125 back to our recent low of $6140 (a 14% drop). On the plus side, this presents a fantastic buying opportunity for all in Bítcoin, but especially in altcoins such as Ethereum -3.86% , Ripple XRP, Cardano, Stellar 0.00% and Litecoin. For these reasons, I highly recommend you keep an eye on the Stochastic RSI . Ultimately I see $100,000 as a very conservative estimate for Bitcoin -2.07% in just the next two years, with $250,000 far more likely. We just need to hit the true bottom (likely in the $5000 area) before we can get there. Please give me a thumbs up and follow me if you found my analysis interesting. This is for educational purposes only and not a recommendation to buy or sell.
BITSTAMP:BTCUSDShort
by BCryptological
GBP/AUD Short Setup GBP/AUD could see a bearish reversal as price seems to have rejected the daily resistance level of 1.8185 and as a result forming a dragonfly doji on the H4. Along with the early hours of today where price failed to break this key area of resistance yet again. There is bearish RSI divergence occurring on the H4 which suggests the strong bullish momentum could be coming to an end as it may not be sustainable. Even if you consider this bearish move as a retracement, looking at the previous correction that took place around the start of September, price went to the 50% fibonacci level and consisted of around 220 pips. Therefore in this situation aiming for the same fibonacci level would give us around 160 pips minimum to the downside. 160 pips target with 80 pips stop, 2:1 risk/reward.
Short
by Shivam_93