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Heikin

COIN : STUCKCOIN is still stuck in the downward channel that it's been in for awhile now (atleast, from this perspective). It shifted upwards a bit yesterday, and is currently lodged underneath the 0.50 fib. The 0.50 fib appears to be COIN's heaviest resistance within the channel (and although COIN did break through the 0.50 fib temporarily twice before, it was rejected at the 0.618 fib just above). The 0.50 fib also hasn't offered much in terms of support when retested... it appears that most of the support is coming from the 0.382 and 0.236 fib levels. As with everyone else (I suppose) who might be considering COIN, I'm still keeping an eye out for some significant upward price action, or atleast something that resembles a price base. I discovered a fascinating horizontal at $291.11, but I'd obviously still need more before confirming anything. Who knows, it could be weeks before it stops dropping... or one day soon it could just start rolling uphill, while I'm still looking for a bottom, never to come back. No matter... for now, I'm still learning and having fun charting COIN. And my outlook on COIN is still long long-term. Enjoy! // Durbtrade
NASDAQ:COINLong
by Durbtrade
10
COIN : OUTCOIN bounces out of the descending channel that it's been rolling in since the beginning of the week. Has a base of COIN been established at 300? Starting with a horizontal ray at 310 (the bottom of the big drop), I began using rays to connect the higher wicks together, and then the lows together. After that, I extended some rays to the left and looked at where all the lines intersect. Using these lines and points, I placed pitchfans, lining the outside edges up to the rays. Once I established the main placement of the pitchfans, I removed some unnecessary rays and then edited the divisions of the pitchfans in the settings, lining up the divisions to wicks of the inner candles in the most meaningful ways that I could. If you zoom in you can see that every single line on the chart aligns with atleast 2 wicks or 2 candle bodies, other lines line up with quite more. Each line is specifically placed while considering wick importance and # of wicks aligned. Fib spirals too. 2 triangles were then placed forming a pyramid structure in order to express the fact that one of the reasons that I am currently analyzing the trends in COIN price action in this way is to try to establish a possible price base of COIN after its IPO fallout to use as justification for a possible and timely buy in. And here we are, 50 cents above that initial low point after the IPO. Will COIN continue to roll downhill, or will it start bouncing higher? I am not completely sure, and tomorrow this chart may look quite different than it does now. It's fascinating. Got my eye on COIN... watching for a "heads bulls win, tails bears lose" scenario. //Durbtrade
NASDAQ:COINLong
by Durbtrade
9
Heikin-Ashi system, how to get out and take profitIn this idea you are shown when the uptrend is showing signs of weakness and when it’s a good time to take your profits before the trend change. It can also be a good place to short a market. Indicator 1= stochastic is overbought and ready to head down Indicator 2= Price has hit upper band of donchian channel Indicator 3= CMF heading back towards 0 line Indicator 4= red doji is also a very strong indicator along with the green doji before it
WEducation
by Major-Heikin-Ashi-Legend
Second example of Heikin-Ashi system, legendary profitsHere is another example following on from my first post. Another indicator that’s important is when the CMF is below the 0 line and starts to turn towards the 0 line. this is a sign of strength and a sign that the weakness in the market(downtrend) is coming to an end. The change comes at the exact point of the Heikin-Ashi doji which means that this is a strong entry. As you can see this trade worked out and proves that Heikin-Ashi can be very profitable if it is followed properly.
NASDAQ:TSLAEducation
by Major-Heikin-Ashi-Legend
1