Heiken-ashi
Bitcoin returns bearish, using Heiken Ashi & Ichi Moko CloudsI've discovered a new momentum trading style and liking the simplicity of the Heiken Ashi candle sticks, also starting to use the Ichi Moko Clouds indicator. Very clear signs here as BTC never broke through the cloud on the daily.
Also the Heiken Ashi sticks defs pointed out that the support on the bottom trendline of the large daily symmetrical triangle wouldn't hold. I was waiting for a bounce off that line for an entry... with these new sticks it was clear that bounce wouldn't have happened.
Very new styling, enjoying it atm :)
Aug 10th-15th approaches, interesting days ahead for Bitcoin and the whole market.
BTC bull trend confirmed on 4hHeiken Ashi chart on both 4h and 1-day chart validated a bull trend.
Looking at indicators across both time frame, Relative momentum still holds above 50 and Money Flow Index still maintains a positive slope overall.
_1st scenario is we slowly break 8600 and make it a support level (less likely since intraday charts has shown some overbought signals)
_2nd scenario is that we have a small retrace back to 8100 before bouncing back up again. (more likely)
There I recommend watching the next close on 4h candle on candlestick, if we see 2 consecutive 4h red candles and lower low on 30m and 1h chart, then it might be wise to watch 8000 - 8100 to buy back.
Else, any spike in buying volume now will signify a strong bull run, reaching the next test at 8900.
*The past G20 has put a relief on the bulls, the bull break yesterday confirmed this.
Just some opinion by your boy Kidze. Like if you want to receive more update on this idea.
Bitcoin behavior after high volumes.After high volumes, marked as blue arrows BTC has high movements. Beside the red volume bar after first 2 arrows, the prices go up. The third one also red but after it, prices went short up and drop down dramatically. 02-06-2018 the 4th bar is the highest one and the color red again. In my opinion, 6000 BTC/USD is the turning point of BTC. I expect 11500 COINBASE:BTCUSD , 12800 COINBASE:BTCUSD , 14700 COINBASE:BTCUSD and 17000 COINBASE:BTCUSD . As it happened before, between high volume bars 2 months passed each. COINBASE:BTCUSD may go 17000 in 2 months. This is only my expectation(opinion).
BTC 4HR TrendI've marked bullish signals in green and more neutral ones in orange. There are some bearish things you could point out, but this method only considers the signals pictured.
As in my previous bitcoin ideas, the idea is to look for the best long entry over the next few hours. Breakouts from the cloud are usually followed by a period of consolidation before making another move up. There's rarely a need to FOMO into position with this method.
The flat kumo at 3850 suggests a potential return to this area soon. But I think anywhere near/under 4k would be a good entry for this trade.
Until the next low is formed, stoploss is below 3600 (marked yellow horizontal)
Trade will remain open until stop is hit (moving stops up to significant lows and dojis along the way) or we print two red candles in a row where the second one closes with its body below the previous candle's range.
USDJPY Long (HA-GANN strategy) 15min ScalpingI should have bought long HERE when the Heiken Ashi changed direction, but I missed it.
But I'm still in profit. I entered on the big green arrow. "Buy the dip" on a bullish run.
Use Heiken Ashi for a smoother entry.
There's only 3 rules for this method.
1.Define Trend
2. Wait for pullback
3. Enter on first candle after the pullback.
So if you have an overall bullish trend, wait for the first bearish pullback. After price crosses Gann upward, then take the trade at the close of that first bullish Heiken Ashi candle.
Set Target Profit to 30% and Stop Loss to 10%, ALWAYS INCLUDE A STOP LOSS!
(More) Bitcoin Trend ContinuationAs crazy as it seems, recent price action suggests that the bulls aren't finished yet.
It's pretty typical for us to consolidate for a few bars after a big candle like this, so I'm scaling in my long over the next few hours.
The risk on this trade is definitely higher than the previous one. We're much further from support making a drop more likely, and meaning stop-loss has to be set further away from entry. So I will be trading a smaller position than usual to offset these risks.
As before, there's plenty of technical reasons to be bearish, but I'm choosing to trust price action over indicators.
LONG ON STR
It seems really oversold in daily
Currently retesting EMA 200
Volume increasing
4 hours shows a Doji Heiken ashi candlestick followed by two green candlesticks
If a third candle forms on 4h things may get interesting
4 Hours chart:
NatGas Falls Below Bollinger Band Mid PointIn a clear sign of a continued downtrend, Natural Gas moved lower on the day to close below the miid point of the Bollinger Bands. Following a Heikin Ashi doji on Monday, the solid red Heikin Ashi today left little doubt of a continued downward trajectory. You can also see the 7 day moving average turning downward as well. Baring unforeseen events, my current price target is at 3.00, the lower outer Bollinger Band.
Note: as we start this downward trend, I am showing the Heikin Ashi charts so we can follow the trend.
Disclaimer: This post is for educational purposes only. Trading is at your own risk.
Natural Gas Moves SidewaysNatural Gas today stayed range bound, unable to break the 3.087 price. That price is also at the middle Bollinger Band. Support for the day is provided by the 7 day moving average, the purple crosses on the chart. There are some signs that price wants to go higher. The Heikin Ashi Delta indicator is blue, signaling an upward move. And usually you would expect a touch of the outer Bollinger Band, currently at 3.16. However, if price can't move up in the next couple of days, then I would expect another downward leg.
For now, I am flat and remain neutral.
Disclaimer: This post is for educational purposes only. Please trade at your own risk.