Get started

Heikin-ashi

Daily Heikin Ashi time frameHeikin Ashi candles are a great and powerful tool to determine the trend of the market. Their structure is somewhat complicated so let’s keep things simple. Only when Heikin Ashi candles start turning green can we start thinking of safely longing bitcoin. Pay attention to the red Doji stars, they are the first harbingers of a possible trend reversal. Currently all the daily candles in the current run are red. Further downside is thus still very much possible.
BITSTAMP:BTCUSD
by CryptoTradeAcademy
SPY Inverse H&S Bull Trap?Rule #1 of Head & Shoulder pattern, entry should be only after the pattern has been established. The SPDR trapped a lot of bulls in October. Is is getting ready to trap more or is the web too heavy? Everyone is excited about the Inverse Head & Shoulders pattern that is forming and they are waiting for the SPY to climax above 280. But all other indicators are speaking a different story. Close < EMA20 < EMA50 < EMA100. Close < EMA200. EMA200 has repeatedly failed to support the bulls. On the DMI, +DI (green) is sinking indicating a bearish movement. MACD is going to cross downwards onto the Signal line. Histogram continues to shrink and submerge. RSI continues to dip. Heikin Ashi Candles indicate bearish trend Awesome Oscillator indicating bearish trend The only way the Inverse H&S pattern plays out as everyone expects it to is by SPY gaining 10$ with conviction in the next 3 days. Not cheating by gapping up, but by steady growth in volume and neutral/bullish candles on a Thursday and a Friday! Usually by end of week, the big guns sell off and party. I'm expecting strict average bullish volume and price action by the end of this week for the Inverse H&S to succeed and a reversal/correction to conclude, else I will continue to short SPY. What do you think?
AMEX:SPY
by imzeeshan
1
Break 21eMA $303.75 Mth + 9eMA $304.50 DConsolidate/Buy Opp into eMA 4 Long-term Swing Missile/Defense Budget Zero Party Bias Recent Pull back creates buying opportunity with Break past $300, to the eMA Lines mentioned (for conviction), NOTE Heikin-Ashi Candle Potential Sentiment/Swing Trade Setup on Daily Chart #tekmunnee Strategy would be to play Long Shares, if Options, At The Money or near Strike out 6+ Months My Optimistic Case would be to test ATH, and Potentially $385 Target as a Swing Trade Historically, Congress, has zero political bias on Military Spending Hyper-sonic Missile Threat is Critical for USA and Pentagon Funding supporting expansion and expediting as Russia has deployed & India has technology + Capability to deploy. BONUS: Barron's Cover Story Pump 11/3/2018 $RTN $NOC benefit from Missile Spending
NYSE:LMTLong
by tekmunnee
Signals from Crypto-Sticks TRIX STIX - caught the GOBTC Pump!Another entry for you all in the public library Crypto-Sticks series. More STILL to come! What I particularly love is these indicators give you an added 3rd dimension to viewing them otherwise. You can see how much fluctuation occurred, get better divergence signals, find higher/lower extremes, and use in combination for secondary confirmation! Here's an example of how to use the Crypto-Sticks TRIX for trading signals. I also plotted this range's signals the indicator would've generated. TRIX is a slightly lagging indicator meaning it catches trends better than it catches absolute bottoms and tops. So using something like Bottom Top Finder can help you pinpoint an even better entry and exit. Please remember that you will potentially have to adjust the TRIX overbought and oversold levels to suit the volatility of the instrument you are working with. In the future I will implement a feature that does this automatically, but for now its manual. The OB/OS zones are given in two levels, because often you can find a line of best fit that will hit "small movements" and one that will hit "big movements." Heiken Ashi (default setting) candles adds some more clear trend changing points which can be executed at the second candle going in either direction. Other coins/charts will require their own strategy - you could potentially have to tweak that parameter. In this example you would enter on 2nd green, exit on 2nd red. Volume weighting the HA candles adds a different dimension to the indicator which I have to explore more fully. Please note on this indicator i believe it provides no additional value, but I left it is as An example of VW+HA: Enjoying this indicator or find it useful? Please give me a like and follow! There are many more indicators to be released in this series, not to mention I post crypto analysis and other free indicators regularly. Questions? Comments? Want to get access to an entire suite of proven trading indicators? Come visit us on telegram and chat, or just soak up some knowledge. We make timely posts about the market, news, and strategy everyday. Our community isn't open only to subscribers - everyone is welcome to join.
by theheirophant
Big experiment (part 8). Heikin Ashi and the conclusionBITFINEX:BTCUSD Dear friends, This is the final part of the educational block, devoted to my big experiment of comparison of unusual price charts, identifying their advantages and disadvantages. The last chart described was Heikin Ashi candlesticks. In the last educational post, I found out that the indicator is often late; I also divided all possible Heikin Ashi candlesticks into three groups. As I already noted in the last training article, the first and the second candlestick types send many false signals (see the zones in red circles in the chart above). The third type indicates changes more accurately, however, it is extremely seldom at the beginning of the price movement; so, if you enter a trade according to this signal, you will be rather late and may miss a lot of profit, or you might even face losses. To filter off sideways trends in the Heikin Ashi candlestick chart, you need to apply trend indicators and charts. It may sound a little strange, as the Heikin Ashi, itself, is suggested to be a trend indicator. First, let’s study the technical analysis tools, applied to the Heikin Ashi candlesticks. MACD is a trend indicator; however, it is clear that its signals lag far behind the price and, in fact, it sends a buy or a sell signal too late. When you switch to a shorter timeframe, the lag is getting less; however, in in the zone of sideways trend, there are more false signals. That is, the problem of random signals of sideways movements is still not solved. There will be still many random signals when trading flat. To be fair, I must note that moving averages won’t provide the needed result as well. First, moving averages themselves are a lagging indicator; second, they also send a lot of false signals in trading flat; and applying a lagging indicator to the lagging Heikin Ashi chart is a double lag. Therefore, to solve this problem, you need to utilize other price charts together with the Heikin Ashi candlesticks. First, let’s analyze the marked period in the charts of Renko, Kagi, Line Break and Tic-Tac-Toe. As you see, the studied zone in these charts looks much shorter than that in the Heikin Ashi chart. It is because there you can remove the market noise from the chart, that is, in these charts, you should ideally see only the trend moves. In practice, it is not that simple of course. The matter is that none of the charts does it in way I’d like. Each chart has certain sensitivity to the price changes. But, unfortunately, this sensitivity is often static and can’t be adjusted to the market situation, so, when the volatility is low, it wouldn’t indicate any changes, as the whole market movement may not reach the needed value. First of all, it is about the Line Break chart, where the price change unit is always constant; that is why it sends too many random signals in the sideways trend. The same problem is with the Range chart that doesn’t take time into consideration , but also has a set unit of the price change, which doesn’t consider the market real situation. The other three chart types – Renko, Kagi and the Tic-Tac-Toe are more convenient with this respect and apply a dynamic variable as the price change unit; it is set by the ATR index (Average True Range). This ability lets the indicators adjust to the market changes; however, it also has some drawbacks. The matter is the whole history in the chart is constantly changing due to variable ATR index; it doesn’t change the displayed market situation fundamentally, but the signals, sent before, can disappear, making it more difficult to analyze the trading history of an instrument accurately. In addition, each of these price charts has unique properties that can be applied to trading. First, look at the Renko chart in the top part of the window (you can learn more about it in my first post, devoted to this experiment). I marked the sell and buy signals with arrows. I’d like to emphasize that the arrow is not at the first box, but at the second one, as the signal itself is sent only after the box is complete and the next one emerges. As it is clear from the Heikin Ashi chart, the buy signals, like the sell ones, mostly come with a long lag. If you followed such signals, you would obviously lose. Therefore, you should be extremely careful when using Renko to filter off the sideways signals. A more interesting situation is painted by Kagi (see a more detailed description in article Big Experiment (part 3). Kagi chart). The key levels to buy and sell are marked with the lines of shoulders and waist there. If the chart has completed the waist and goes up, there is a buy signal. If there is the shoulder and the price goes down, it is a sell signal. The projection of these signals in the Heikin Ashi chart can be used to prove the candlesticks of type one and two to trade inside the channel. The last chart to study here is the Tic-Tac-Toe chart that indicates the trend moves the best of all. In the studied range, there are no clear buy or sell signals; however, the Tic-Tac-Toe chart clearly shows the entire consolidation process, which in general looks like a symmetric triangle. The pattern breakout from above has proved the sell signal, giving an opportunity to stop the loss at the right time. Summary Eventually, the experiment results suggest that each of the nonstandard price is lagging behind the actual market price. The degree of lagging is directly related to the indicator sensitivity. Each of the studied charts spots trends quite well, but the most interesting, in my opinion, are the Kagi chart and the Tic-Tac-Toe. Kagi helps you identify the key levels and mark the signals of the trend reversal. The Tic-Tac-Toe is good for the global analysis and indicates the technical analysis patterns that are not clear at the first sight. Taking into account that all the charts are lagging, applying moving averages to them send even later signals, compared to the general market trends. This fact suggests that there is no point in using additional indicators, based on nonstandard charts. The best results in the tests have been performed by the combination of the common trading systems in the Japanese Candlestick charts and the charts of Kagi and Tic-Tac-Toe. You can also apply Heikin Ashi as a confirming signal. All the signals must be checked in the shorter timeframes. An example of a good combination of different charts is shown in the picture below. There is a combination of charts, consisting of three windows, to analyze different timeframes. In the left window, there is a common Japanese candlestick chart of the 4-hour timeframe, supplemented with a number of indicators – it is the trading strategy, providing signals to enter and exit trades. In the central chart, there are the support/resistance levels, indicated by the Kagi chart. In the given example, the ticker has touched the support levels and is rebounding. By means of the Tic-Tac-Toe chart in the BTCUSD 4H timeframe, you can easily identify the global patterns, having the strongest influence at the moment. Finally, there is a complete picture, showing the merging global pattern of the symmetric triangle. It is clear that the BTCUSD ticker has closely approached the support zone and suggests the growth potential as high as 6670 USD. In the Japanese candlestick chart, there is a buy signal that is proved by both the Kagi chart and the Tic-Tac-Toe. In addition, there is a clear risk zone, indicated by the triangle bottom leg and the support levels in the Kagi; this suggests the place to put stop losses. That is just an example of how these charts can be applied, rather than a standard scheme. I think it is possible to find a better use of these charts and to fulfill their potential by 100%. But you must always remember that none of the described charts indicates the price extremes – highs and lows; and so, to put stop losses and profit targets you still need to consult the common Japanese candlestick chart. This concludes my big experiment with unusual price charts on BTCUSD example. I really hope that you find this information interesting and helpful. I wish you good luck and good profits! ________________________________________ PS. If you agree with my ideas, write “+” in the comments; if you don’t agree, put “-”. If you liked the post, just write thank you, and don’t forget to share the post. It is easy for you and I will be very pleased :)
BITFINEX:BTCUSDEducation
by Hypov
2
BTC Daily Thoughts BITMEX:XBTUSD BITFINEX:BTCUSD BTC Daily Thoughts :dancer: 5min. Dane with EMA. As we see the dump occured yesterday night PA still trying to get to strategy EMA's everytime but atm cannot break and close above it on this TF. If this TF breaks it might open doors to continuation of larger TF. 10min. Low volume easy manipulation for both sides :eyes: on RSI 15min. short SIgnal for this TF but no volume atm. notice RSI is at middle and stoch rsi is still got headroom for maybe a breakout 30min. Price is looking for support. And so do we but pay attention to stoch rsi IF RSI will drop this is not a good sign as STOCH RSI can get into the bottom level with pressure of seelers rising. 1H. Volume volume volume. Volume is decreasing - Manipulation Is increasing :eyes: on STOCH RSI :upside_down: 4h. Will it hold support? all indicators show bear. BUT if buy volume enters than MACD lines will get further away from each other and STOCH RSI will curve upwards along with RSI itself. On this TF I give more weight to MCAD as it is harder to "PAINT" 6h. What is this a reversal candle after reversal candle?? (speculating) :eyes: on stoch rsi 12H. take a look how candle closes at exact 100 EMA line. Will bulls have enough steam to push this and break the red line (100 EMA)..... 1D. Volume we need volume My entry is 6539.5. Follow for more
BITMEX:BTCUSD.PLong
by BitcoinMF
2
BTC Daily Thoughts BITMEX:XBTUSD BITFINEX:BTCUSD BTC Daily Thoughts Start the :dancer: 5min. Brave scalp TF. look slike strategy EMA are about to be tested for support/resistance. 15min. low volume - easy manipulation. STOCH RSI is at bottom there is a chance for a new cycle if pumps soon 30min. after nice Short signal we see volume decrease. :eyes: on macd If PA returns upwards it will start to get back to positive hist. 1h. large selling pressure on this TF. we broke support and seems like we heading more down from here. 4h. aggressive macd dump. :eyes: might be a bear trap. in case of move up RSI will be the first to react 12H. seems to me like this is a stop haunt of this TF. question is are we cooling off or heading down? 1D. sometimes after getting a strong signal bot and algos first contra trade everybody making us change our mind and fomo after they succeed market turn to original signal movement and underwater all who is confuse. no advice. Please follow I post and Share as much as I can. ATM im long on Bitmex @ 6539.5 no advice thank you for reading
BITMEX:BTCUSD.PLong
by BitcoinMF
BTC Daily Thoughts Hello everybody BITMEX:XBTUSD BITFINEX:BTCUSD 1min. I don't trade 1min but everything has to start from something. Here we can see The new purple line plotted into script which gives us Trailing Stop. 5min brave scalp TF. :eyes: on STOCH 15min. SHORT signal. :eyes: on RSI it will be first to react if PA up. 30min. notice STOCH it seems to break downwards. question is will it find support on second line of strategy's EMA. 1h. After LONG signal now we get double edged wicked candle suggesting a reversal retrace in about to occur . 4H. low volume but also only the start of TF. :eyes: on STOCH RSI as it wants to curve down if it breaks and curves down then RSI itself will follow. atm the RSI seems to be going up but this is also because of lagging factor of indicators and actually move up already occurred. 6H. seems like bulls steam is near end at this TF. notice the STOCH RSI which is pressed to the top but at the same time RSI is slowly pointing for downward movement. low volume and if new volume is not generated by bull bots PA will not sustain. 12H. looks bullish after we get LONG signal. :eyes: on macd it wants to get to positive HIST which is a good sign for BULLS. but double attention on the RSI itself as it is curving down. so in case that RSI breaks down and price starts to drop the macd will actually draw us the bull trap I anticipate. AS many traders atching MACD and wait for positive HIST confirmation I believe that ALGOs will push price down. 1D. long signal on the Daily. Bullish sentiment in the air. but pay attention that PA is still trapped at strategy's EMA (48) a real move up will occur if those EMA breakout on the Daily, til then it could wind us up but no substantial move up will tke place. :eyes: on volume today is the KEY. no new (fake) generated volume - NO PA UP. Thank you and make sure to check the script that I base my analysis on:
BITMEX:BTCUSD.P
by BitcoinMF
1
BTC Daily Thoughts BITMEX:XBTUSD BITFINEX:BTCUSD BTC Daily Thoughts 1d. nuff said all in screen shot. 12H. clearer view of the breakout/fakeout. Can see that lots of pressure on high leveraged shorters as "close short signal" kicks in. BUT price retraces to strategy's EMA's Indicators looks bullish to the naked eye but imo MACD will get lines a bit closer then DUMP. 6H.Break it down some more...Nice candles but volume atm of screen shot is lacking suggesting that steam is about to be over for BULLS. 3h. grenn double edged candle suggesting that reversal is playing out. :eyes: on strategy's EMA's (16,48) as they are the support or resistance 2h. tested first support and found it. :eyes: on stoch. will it only coll off or will it dropo to new cycle? 90min. SELL volume is rising, if no buys will enter that would trigger a dump imo 30min. dont be greedy :sunglasses: 15min. Brave decision making TF. :eyes: that volume is very low therefor manipulation is easily executed for both directions buy and sell. NEVER HIGH LEVERAGE. 5min. Shall we scalp?
BITMEX:BTCUSD.PShort
by BitcoinMF
BTC Daily Thoughts BITMEX:XBTUSD BITFINEX:BTCUSD BTC Daily Thoughts 1D. if you follow my last posts on BTC so far market moves as planned. After getting LONG signal and one day of what turn to be to this moment a fake growth, we see the heikin rev candle and after we see confirmation of dump. PA found support at yellow trend line I follow. Lower volume of this day should indicate further dump IMO, but if high volume will suddenly enter might get candle to almost open price imo. its hard for me to belive it will turn green. BUT you know bitcoin.....anyways moving on... 12H. not much to say after SHORT signal those who were patient enough did get a nice move down. Volume is rising, indicators are curving down suggesting BEARISH sentiment. please notice that all indicator have lagging factor so in higher TF such as this it has more weight so of you see the curve down it means it already happened and actually now already PA is up but still is not shown in indicator because of lagging. makes sense yes? 6h. new candle is forming. still hard to see where is going. I watch the yellow line main chart because me personally want it to break and PA trade below it. no advice. still got HEADROOM for further down on indicators. 4H/ Price met support at yellow trend line. volume is rising. RSI slowly curving down. still more headroom on stoch for down also. macd also seems bearish the negative HIST doesnt seem to get smaller. 2H. red double edged heikin ashi candle often indicating trend reversal. I drew here a line on RSI as it also has support and resistance levels and levels that its highly active. so I watch it. I want RSI to meet this line and price keep dropping. 1H. is picked up by support and looks almost bullish, notice the volume it is low (easy manipulation) 30min. price struggles to get above strategy's EMA. only BIG volume will break it UP. indicators suggest imo also UP. BUT RSI is my :eyes: as I want it to break and fall again 15min. SHORTS are sweating. close order signal and volume is rising. 5min dance. volume volume volume Please follow for more Thank you and Trade safe
BITMEX:BTCUSD.P
by BitcoinMF
BTC Daily Thoughts BITMEX:XBTUSD BITFINEX:BTCUSD BTC Daily Thoughts 1W. We start the week with green candle but momentum seems to be weak for now. Price has difficulty breaking the RED resistance trend line and this is even before we got to strategy's 48 EMA (red dotted line). As I said before I expect a "bull" entry for the start of week but Bears are strong and pull the price down. 1D. after we get a LONG signal there is a slight move up but resistance is met on the RED line and now I watch the daily volume because it is key if we want to go more up. 12H. a clearer view of daily volume as we can see it is decreased from last 12h so if no new "buy" volume enters price will not sustain. worrth to mention that it works both ways for manipulation to kick in the volume in many cases is low making it easier to move price either way by large BUY/SELL MARKET orders. :eyes: on macd for as long as it stays in negative hist price will not go up. 6h. after LONG signal we get heikin ashi double edged candle which may suggest correction. look at indicators as well as they seem to start curve down. BUT BUT BUT also price is above Strategy EMA so indicates support. 3h. slight correction on the red candle and continue move up. seems to me like bull trap already. NO ADVICE. 2H. seems like support on both strategy EMA ans RED resistance line I follow. Notice how Stoch RSI is curving down but RSI and MACD are kind of showing already UP. this is because of the way the indicators are calculated. Because of how they work they always actually lag a little bit. sometimes there is a clearer view on this like here imo, where more weight I give to macd and stoch as they are harder to "paint" because of their calculation. hope it makes sense to you. 1H. looks bullish by all indicators on chart. BUT what about volume? low volume = easy for manipulation 30min. fight for Bulls. PA wants to get above strategy EMA, indicators support bullish move for now. 15min. LONG signal, but also green double edged heikin ashi candle with low volume. very dangerous as might pump as well as easily dump. my guess DUMP. no advice. 5min. short scalp TF seems to be support on strategy ema. must follow to see how plays out. Please comment what you think and thank you for reading.
BITMEX:BTCUSD.P
by BitcoinMF
BTC Daily Thoughts COINBASE:BTCUSD BITFINEX:BTCUSD BINANCE:BTCUSDT BITMEX:XBTUSD BITSTAMP:BTCUSD BTC daily tgoughts 1W. I see continuration of down trend. Price is Below EMA 50 . STOCH RSI indicating there is much more for FALL. Macd is also struggling to get to positive HIST. PA will not go UP siginificatly without these two factors IMO. 1D. PA cannot break 50 EMA and continue to fall. Today morning seems like RSI is heading UP, but If you look at STOCH RSI could conclude that RSI cycle hasnt finished yet and taking the lagging nature of indicators in affect, the small bump in RSI is actually all PUMP price action that we had yesterday as day went on in feeling of waiting for break out instead we sideways....none the less all is possible as crypto super volitaile and VOULME is key so :eyes: 12H. Same concept as 1D but here IMO we can see bull trap being set as it seems like green candle and maybe reversal, but IMO its just the STOCH RSI picking itself a bit from bottom for it to have room to DUMP hard 6H. VOlume is key if we dont get more volume soon PA will fall because clearly seen that is fighting to get back to 50 EMA area. 3H. "close long signal" seems like a breakout is about to occur but I still dont buy it....at least if we have "LONG"signal is worth checking. imo it will fakeout and not break out because there is headroom in RSI but STOCH RSI says it's in the end of movment. 1h. after yesterday's pump we have few hours of side ways... PA is still holding @ 50 EMA but IMO not for long. STOCH is at top and Macd seems to finish positive hist phsae so I expect Price to fall. 30 min a more cear view on this sideways action. this is the TF is important as if reaches the top on all parameters 1H will come to play more. 15min more sideways....good for scalping signal IMO as pumps and dumps occur on 15 min many times as I notice. 5m. Scalp - watch when 15min TF is "steamed-out" 1min. its just beautiful. GOOD DAY will try to update with day unfolds follow on discord for full updates: discord.gg Thank you
BITMEX:BTCUSD.P
by BitcoinMF