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Least Squares Moving Average (LSMA)

ADA - Ascending TriangleADA 4hr Chart update: ADA is in the Ichimoku Cloud Equilibrium Zone for this 4hr timeframe. ADA has found some resistance from its Ichimoku Cloud Leading Span B (Senkou Span B) cloud resistance. ADA needs to cross over turn this level into strong support for this 4hr timeframe. ADA is below its Bollinger Bands Middle Band Basis 20 Period SMA for this 4hr timeframe. ADA needs to turn this level into strong support. ADA is below its Volume Profile Visible Range VPVR Point of Control (POC) for this charts visible range. ADA is below its Volume Profile Fixed Range VPFR Point of Control (POC) for the range i have selected. Note that Volume is low for this 4hr period and the Volume Bar is below its Volume 20 Period Moving Average. The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating that the mid point of the short-term momentum is sideways at the moment. The Ichimoku Cloud Base Line (Kijun Sen) is indicating the mid point of the mid-term momentum is sideways. The Ichimoku Cloud Lagging Span (Chikou Span) is indicating momentum is downwards at the moment. Note that the Lagging Span (Chikou Span) is still above the price from 30 Periods ago. ADA is in an Ascending Triangle Pattern (Dashed Line). If any potential breakout happens to the positive side then we need that breakout to be on strong volume and the Triangle resistance turned into support. The Moving Average Convergence Divergence MACD is indicating that the MACD Line (Blue Line) has crossed back under the Signal Line (Orange Line) which is a potential sell signal and has created a new red histogram. Note that the MACD Line is still in the positive zone above 0.0. The Chaikin Money Flow (CMF) is showing that accumulation has dropped to 0.03 and note that the CMF (Green Line) is below its Least Squares Moving Average (LSMA) which is at 0.09. Note that the CMF is still in the Accumulation Zone. If the Bollinger Bands Middle Band Basis and Conversion Line (Tenkan Sen) cannot be turned into support then we may see another drop for ADA to the Ascending Triangle Upwards Trend-Line (Upwards Dashed Line), in which case there should be some good opportunities to acquire more ADA at slightly lower price if you are Dollar Cost Averaging (DCA). If you are waiting for full bullish confirmation on this 4hr timeframe to buy more ADA, a good sign will be when the Leading Span A (Senkou Span A) crosses back over the Leading Span B (Senkou Span B) creating a Cloud (Kumo) Twist into a new Green Bullish Cloud. I hope this is helpful with your Trading and Hodl-ing.
BINANCE:ADAUSDLong
by entertheroach
BTC - 4hr Chart UpdateBTC 4hr update: BTC is above its Bollinger Bands Middle Band Basis 20 Period SMA. BTC is above its Volume Profile Visible Range VPVR Point of Control (POC) for this charts visible range. BTC is above its Volume Profile Fixed Range VPFR Point of Control (POC) for the fixed range i have selected. Volume is relatively Low for this 4hr Volume Bar & the Volume Bar is below its Volume 20 Period Moving Average (Orange Line) so we may see a drop back to the VPFR POC. BTC is above its Schiff Pitchfork (A,B,C) Median Line. BTC is still within its huge sideways channel (Parallel White Lines). The Moving Average Convergence Divergence (MACD) is indicating theta the MACD Line (Blue Line) has crossed back above the 0.0 level indicating that a 12 Period EMA has crossed back over a 26 Period EMA on this 4hr chart indicating bullish momentum for this 4hr timeframe. Note that the green Histogram has lightened indicating a weakening of bullish momentum at the moment. The Average Directional Index (ADX DI) is showing that the +DI (Green Line) is at 21.94 and has crossed back above the -DI (Red Line) which is at 12.12. This indicates that positive momentum is now stronger then negative momentum for this 4hr timeframe. The Trend is a strong positive trend with the ADX (Yellow Line) is at 21.86 above the 20 Threshold (Dashed Line) and above its 9 Period EMA (White Line) which is at 20.37. The Chaikin Money Flow (CMF) is indicating strong accumulation with the CMF (Green Line) reaching 0.37 but now dropping to 0.29 on this 4hr chart. Notice that the CMF (Green Line) has dropped back under its Least Squares Moving Average (LSMA) which is at 0.34 so we may see a lessening of upwards pressure before the next leg up. When someone tweets, burps or farts “BTC will drop to sub $20K”, you have to ask yourself, is that a possibility? The answer is “yes” but rather then sh*t your pants, you have to set levels which will be a form of confirmation to you that such a drop might happen. My confirmation was the WEEKLY 50EMA. Remember that i stated many times before, “so long as BTC keeps closing WEEKLY candles ABOVE the WEEKLY 50EMA, then sub $20K will not happen”. Now, there is always a possibly an asset can produce a very big Wick upwards or downwards, but REMEMBER, its where the candle CLOSES that counts. and BTC never closed a WEEKLY candle BELOW the WEEKLY 50EMA. And that’s that. I hope this is helpful with your trading and hodl-ing.
BITSTAMP:BTCUSDLong
by entertheroach
4
ADA - 4hr chart updateADA Quick Update: ADA is still in the Bearish Zone of the Ichimoku Cloud for this 4hr timeframe. ADA is still below its 50EMA. ADA needs to eventually close above this level. ADA is still below its Bollinger Bands Middle Band Basis 20 Period SMA. ADA needs to eventually close above this level. ADA is in a triangle pattern and is approaching the apex so we need to keep an eye on if the breakout is upwards or downwards and if the potential breakout is on increased volume or not. At the moment of typing this, ADA is trying to get back over its Ichimoku Cloud Leading Span A (Senkou Span A) cloud resistance. At the moment of typing this, ADA is above its Volume Profile Visible Range VPVR Point of Control (POC) for this charts visible range. Volume is still relatively low and you can see that the Volume Bar is below its Volume 20 period Moving Average. The Moving Average Convergence Divergence (MACD) is indicating momentum is sideways, note that the MACD Line (Blue Line) is back above its Signal Line (Orange Line). Note that we have green histograms formed. We need the MACD Line to cross back over 0.0 for real bullish momentum for this 4hr timeframe. The Chaikin Money Flow (CMF) is indicating that we need to be a bit weary because ADA has dropped into the Distribution Zone for this 4hr timeframe. Note that the CMF (Green Line) is at -0.01 and below its Least Squares Moving Average (LSMA) which is at 0.05. Note that this is a 4hr timeframe so this can easily change to accumulation very quickly which will happen if ADA closes above the Leading Span A (Senkou Span A) cloud resistance which would take ADA back into the Ichimoku Cloud Equilibrium Zone for this 4hr timeframe. ADA has proven to be one of the strongest cryptos during this downtrend, but obviously we still have to keep an eye on what BTC is doing as sadly, alts still follow BTC's direction. I hope this quick update is helpful with your trading and hodl-ing.
BINANCE:ADAUSD
by entertheroach
5
BTC - Quick Daily Chart UpdateQuick BTC Daily Chart update: BTC is still ranging sideways within its Sideways Channel. BTC has found some resistance from its Weekly 50EMA, it is crucial that BTC closes THIS weekly candle above this level and turns it into strong support. BTC is still below its Bollinger Bands Middle Band Basis 20 Period SMA. BTC needs to closes above this level and turn it into support. BTC is still above its descending Pitchfork (A,B,C) Median Line. BTC is still below its Volume Profile Visible Range VPVR Point of Control (POC) for this charts’s visible range. Daily Volume is still relatively low and the Volume Bar is below its Volume 20 Period MA. The Chaikin Money Flow (CMF) is indicating BTC is still being accumulated and accumulation has increased from 0,02 to 0.14, notice that the CMF (Green Line) is back above its Least Squares Moving Average (LSMA) which is at 0.10. The Average Directional Index (ADX DI) is indicating the trend strength is sideways with the ADX (Yellow Line) at 39.29 below its 9 Period EMA (White Line) which is at 39.84. Notice that the -DI (Red Line) has dropped from around 33 to 28.52 and is pointing downwards. The +DI (Green Line) is pointing upwards at 13.16. This indicates negative momentum has dropped and positive momentum has increased on this 1D timeframe. We eventually need the +DI (Green line) to cross back ABOVE the -DI (Red Line) on this 1D timeframe. So tonight is a crucial WEEKLY CLOSE as we ideally need BTC to CLOSE THIS WEEKLY CANDLE above the Weekly 50EMA. I hope this is helpful with your trading and hodl-ing.
BITSTAMP:BTCUSD
by entertheroach
3
VeChain Daily Chart UpdateVeChain Daily Chart Update: VeChain is still below its 50EMA for this daily chart. VeChain 110% needs to close a daily candle above this crucial level on the daily chart. VeChain is still in the Bearish Zone of the Ichimoku Cloud. The Ichimoku Cloud Base Line (Kijun Sen) is indicating mid-term momentum is sideways within a range. The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating short-term momentum is downwards at the moment. The Ichimoku Cloud Lagging Span (Chikou Span) is indicating momentum at the moment is sideways. VeChain is below its Bollinger Bands Middle Band Basis 20 Period SMA. VeChain 110% needs to close a daily candle above this crucial level on the daily chart. VeChain is above its descending Pitchfork (A,B,C) Median Line. VeChain needs to stay above this level. VeChain is below its Volume Profile Visible Range VPVR Point of Control (POC) for this charts visible range. VeChain is below its Volume Profile Fixed Range VPFR Point of Control (POC) for the Fixed Range i have selected. Overall Volume is still relatively low and note that the Volume Bar is back below its Volume 20 Period MA. The Moving Average Convergence Divergence (MACD) is still negative & showing that momentum is sideways. Notice that the Signal Line is pointing slightly downwards and the MACD Line is pointing sideways, so we may eventually see the MACD LINE (Blue Line) cross back ABOVE the Signal Line (Orange Line) for renewed upwards momentum. Notice that the Red Histogram is decreasing in size for this daily chart. We eventually need VeChain to cross back above the 0.0 level for renewed positive momentum on the daily chart. The Average Directional Index (ADX DI) Is indicating negative momentum has dropped with the -DI (Red Line) dropping from 27.9 and is now at 23.35 but still above its positive momentum +DI (Green Line) which is sideways at 8.68. The ADX (Tellow Line) is still showing a strong downtrend withe the ADX (Yellow Line) at 35.01 still above its 9 Period EMA (White Line) which is at 31.84. We eventually need to the +DI (Green Line) to cross back above the -DI (Red Line) for renewed upwards momentum on this daily chart. The Chaikin Money Flow (CMF) is indicating VeChain is being distributed but notice that the CMF (Green Line) has increased from -0.16 to -0.05 and that the CMF (Green Line) is above its Least Squares Moving Average (LSMA) which is at -0.11. We eventually need VeChain to cross the Zero line into the accumulation zone for renewed upwards momentum. As always, this is not a price update but an update about what VeChain needs to do and what VeChain needs to get above and also to show what the indicators are indicating. I hope this is helpful with your trading and hodl-ing.
BINANCE:VETUSD
by entertheroach
ADA - 4hr chart updateQuick ADA update: ADA is below its 50EMA for this 4hr timeframe. ADA is below its Bollinger Bands Middle Band Basis 20 Period SMA for this 4hr timeframe. ADA is back in the Bearish Zone of the Ichimoku Cloud for this 4hr timeframe. ADA is below its Volume Profile Visible Range VPVR Point of Control (POC) for this charts visible range. ADA is above its Volume Profile Fixed Range VPVR Point of Control (POC) for the range that i have selected. ADA has also found some support from this level due to the buy volume located at the POC. The Previous 4hr volume bar was above its Volume 20 Period Moving Average but was lower than the previous so we may see volume dropping slightly. At the moment of typing this, ADA is in a new Descending Channel. ADA needs to close a 4hr candle above the new Descending Channel and above the Bollinger Bands Middle Band Basis 20 Period SMA and turn those levels into strong support. The Chaikin Money Flow (CMF) is showing that ADA is back in the Distribution Zone and has dropped to -0.07. At the moment the CMF (Green Line) is still above its Least Squares Moving Average (LSMA) which is at -0.11. But note that the CMF is pointing downwards and the LSMA is pointing upwards so we may see more distribution. We need the CMF (Green Line) to eventually cross back above the Zero Line into the Accumulation Zone. The Average Directional Index (ADX DI) is indicating a strong trend with the ADX (Yellow Line) at 29.13 above its 9 Period EMA (Blue Line) which is at 25.81. The -DI (Red Line) is at 23.72 an still above its +DI (Green Line) which is at 10.72. Notice that the -DI (Red Line) has dropped and is pointing downwards and the +DI (Green Line) is starting to pointing sideways, this is an indication of weakening negative momentum and we may see a possible increase of positive momentum. We eventually need the +DI (Green Line) to cross back above the -DI (Red Line) for this 4hr timeframe. At the moment, all cryptos are at the mercy of Binance & the market makers BTC manipulation, so we will have to see how BTC develops. I hope this is helpful with your trading and hodl-ing.
BINANCE:ADAUSD
by entertheroach
1
BTC - 4hr Chart update and the importance of where the candle......closes BTC has has said good riddance to the Bearish Descending Triangle it was in. BTC is back in the Bullish Zone of the Ichimoku Cloud for this 4hr timeframe. Note we have had a Cloud (Kumo) Twist into a bullish green cloud for this 4hr timeframe. BTC is back above its 50EMA for this 4hr timeframe. BTC is back above its Bollinger Bands Middle Band Basis 20 Period SMA. Note that the Bollinger Bands Upper and Lower Bands are expanding further apart indicating increased volatility and that the price found some resistance at the upper band. BTC is back above its Volume Profile Visible Range VPVR Point of Control (POC) for this chart set up. I have added a Volume Profile Fixed Range VPFR and as you can see, BTC is above that Point of Control (POC). Reason for adding the VPFR is that it gives a more clearer macro view of buyer and seller volume and where the key points are for the range that i’ve selected, whereas the VPVR gives you the amount for whatever length you have your chart set at which could be potentially misleading. Blue representing Buy Volume and Yellow representing Sell Volume. Note that the last 6 4hr candles closed above its Volume 20 Period Moving Average. The Average Directional Index (ADX DI) is indicating a strong trend with the ADX (Yellow Line) at 27.02 back above its 9 Period EMA (Blue Line) which is at 22.64. The +DI (Green Line) is at 32.90 and has crossed back over the -D (Red Line) which is at 10.77 indicating that positive momentum is now stronger than negative momentum for this 4hr timeframe. The Chaikin Money Flow (CMF) is showing that BTC is back in the Accumulation Zone with the CMF (Green Line) at 0.14 and back above its Least Squares Moving Average (LSMA) which is at 0.08 indicating renewed accumulation strength for this 4hr timeframe. As i mentioned in a few previous BTC post, a very CRUCIAL level for BTC was the Weekly 50EMA, a few traders were posting on TradingView saying that BTC was going to sub $20K, they ignored the fact that BTC would FIRST have to CLOSE this weekly candle below the weekly 50EMA, BTC did wick below it, but it did not close a weekly or a daily candle below the weekly 50EMA level. For whatever timeframe you are in, especially longterm, it is important to remember the IMPORTANCE of where the CANDLE CLOSES. Otherwise…. you’ll just be wick-ing about! :-) As you can tell, my post are not price prediction post as there are many more experienced traders on TradingView already posting their predications, my post are more educational, showing what these various indicators & squiggly lines that i use are showing me, so I hope this is helpful with your trading and hodl-ing.
BITSTAMP:BTCUSDLong
by entertheroach
3
ADA - updateQuick ADA update: ADA is in a Descending Channel. You can see the various support and resistance levels that ADA has had as resistance and support after it broke out from its previous Ascending Wedge. ADA has found support from its 2nd upwards support line. ADA is still in the Bearish Zone for this 4hr timeframe. Note we have had a Cloud Twist (Kumo) into a red cloud. ADA is below its Bollinger Bands Middle Band Basis 20 Period SMA for this 4hr timeframe. ADA is still below its 50EMA for this 4hr timeframe. The Average Directional Index (ADX) is showing the ADX (Yellow Line) at 36.55 dropping below its 9 Period EMA (Blue Line) which is at 37.92 indicating trend strength is dropping. The -DI (Red Line) is at 24.07 still above its +DI (Green Line) which is at 12.4. Notice that the -DI (Red Line) has dipped and the +DI (Green Line) is starting to slope slightly sideways. For the longterm, we need the +DI (Green Line) to cross back above the -DI (Red Line) to indicate positive momentum has overtaken negative momentum on this 4hr timeframe. The Chaikin Money Flow (CMF) is showing that the CMF (Green Line) is inside the Distribution Zone and at -0.16 and under its Least Squares Moving Average (LSMA) which is at -0.08. Notice that the CMF (Green Line) is now pointing upwards. For the longterm, we need the CMF (Green Line) to cross back into the Accumulation Zone fro this 4hr timeframe. ADA is still below its Volume Profile Visible Range VPVR Point of Control (POC) for this 4hr timeframe. ADA is still below its Volume Profile Fixed Range VPFR Point of Control (POC) for this 4hr timeframe. Volume is still relatively low and this 4hr volume bar is below its Volume 20 Period Moving Average. It’s a good thing that these dips are happening on low volume which indicates just a short-term dip from possible profit taking or week hands. I still believe that any dips with ADA should be used to accumulate more ADA to which you can stake your ADA to earn even more ADA. But if your trading & waiting for full bullish confirmation for this 4hr timeframe, then ADA needs to cross back above both Volume POC levels, the Bollinger Band Middle Band Basis, the Leading Span B (Senkou Span B), the 50EMA and then the Leading Span A (Senkou Span A) levels and turn these levels into strong support. For further confirmation, crossing into the Bullish Zone ideally needs to be on high volume. I hope this is helpful with your Trading and Hodl-ing.
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BINANCE:ADAUSD
by entertheroach
16
VeChain - a 4hr chart analysisVeChain 4hr Chart update: VET is still in the Bearish Zone of the Ichimoku Cloud. VET is testing the Ichimoku Cloud Leading Span B (Senkou Span B) cloud resistance. Which is also where the Bollinger Bands Middle Band Basis 20 Period SMA is located at the moment. We need VET to eventually close a 4hr Candle within the Equilibrium Zone of the Ichimoku Cloud, above the Leading Span B (Senkou Span B) resistance. VET is below its 50EMA. We should expect strong resistance at this 4hr 50EMA level. VET needs to close a 4hr candle above this level and turn it into strong support. Volume has increased with the Volume Bar above its Volume 20 Period Moving Average. Hopefully VeChain can end this 4hr candle green. VET is above its Least Squares Moving Average (LSMA) for this 4hr timeframe. VET is above both its Volume Profile Visible Range (VPVR) Point of Control (POC) and above its Volume Profile Fixed Range (VPFR) Point of Control (POC). VET 110% needs to stay above the POC for this 4hr timeframe. The Chaikin Money Flow (CMF) is indicating accumulation has dropped from 0.08 to 0.07 but the CMF (Green Line) is still in the accumulation zone and still above its Least Squares Moving Average (LSMA) which is at -0.04. We need the CMF store stay above the Zero Line and in the accumulation zone for this 4hr timeframe. The Average Directional Index (ADX DI) is indicating trend strength is sideways with the ADX (Yellow Line) at 25.53 above its 9 Period EMA (White Line) which is at 22.66. The -DI (Red Line) has dropped to 24.63 but is still above its+DI (Green Line) which is at 14.54. Notice that the -DI (Red Line) is indicating negative momentum had dropped with the =DI (Green Line) indicating positive momentum has risen but is now sideways on this 4hr timeframe. You all know how strongly i feel about the future crypto giant VeChain, so any major dips n drops should be used to DCA & acquire more VET before it does and ADA and gets over that crucial $1 mark. I hope this is helpful with your trading and hodl-ing.
BINANCE:VETUSD
by entertheroach
4
BTC - Don't get corrupted by the emotion of othersBTC Daily Chart update: BTC is still above its WEEKLY 50EMA. BTC is back above its Descending Pitchfork Median line. BTC needs to turn its Bollinger Bands Middle Band 20 Period SMA into strong support. Volume has increased and is now above its Volume 20 Period Moving Average. Hopefully BTC can close this day as a green bar. BTC is still in a Descending Triangle so BTC needs to close a daily candle above the downwards trend-line and turn it into strong support. I have added a Volume Profile Visible Range (VPVR), you can see the Point of Control (POC) for this charts visible range. BTC is trying to get above this POC. I have also added a Volume Profile Fixed Range (VPFR), you can clearly see that BTC is above the Point of Control (POC) for the fixed range that I’ve selected. The VPFR gives us a more clearer, macro view of buying and selling for an actual candle fixed range. The Chaikin Money Flow (CMF) is indicating an increase in accumulation withe the CMF (Green line) in the Accumulation Zone at 0.10. Note that the CMF (Green Line) is above its Least Squares Moving Average (LSMA) which is at 0.06. The Average Directional index (ADX DI) is showing the ADX (yellow Line) has dipped slightly at 54.13 and is slightly still above its 9 Period EMA (White Line) which is at 54.07. The -DI (Red Line) has dropped to 28.08 and the +DI (Green Line) has risen to 11.94. Notice that the -DI (red Line) is pointing downwards and the +DI (Green Line) is pointing upwards. An important point that I said in my previous BTC post when BTC wicked below the Weekly 50EMA was that BTC may WICK a few more times below that level, but that the real CRUCIAL thing is if BTC CLOSES THIS weekly candle BELOW the weekly 50EMA. if or until that happens, any post about BTC dropping to $20K and below is pure speculation and traders trying to convince you & the masses to join them in their short sell. Seriously its true, when BTC wicked below the Weekly 50EMA, some people on TradingView thought that this was the end, it clearly isn’t, and as I’ve said many times, if your longterm, its where the candle closes that counts not where it wicks to! Remember that BTC still has 4 1/2 days left on this weekly candle. Don’t let people make you emotional and make hasty decisions, try to study a bit of TA and FA, practice and do your own research as that is the only way to cut out the BS. Because remember, it’s your money! I hope this is helpful with your Trading and Hodl-ing.
BITSTAMP:BTCUSD
by entertheroach
4
BTC - Crucial times ahead for Bitcoin on the weekly chartBTC - A look at the Weekly Chart: BTC is still above it’s 50EMA on this weekly timeframe. BTC is below its Bollinger Bands Middle Band Basis 20 Period SMA on this weekly timeframe. Note that the Lower Band has risen up indicating volatility has slowed and now brought back into equilibrium for this weekly timeframe. Note that the Bollinger Bands Upper and Lower Bands are moving sideways. If we look at the Longterm Pitchfork Pattern (A,B,C), BTC is still above its Longterm Upwards Pitchfork Median Line. At the moment, BTC is still below its Volume Moving Average (Orange Line) for this weekly timeframe which is a 20 Period MA. Overall volume is still low for this week. I have added the 100EMA and 200EMA so you can see where these potential levels of support are at the moment of typing this for this weekly timeframe. The Average Directional Index (ADX DI) is showing that the trend strength has dropped with the ADX (Yellow Line) dropping to 50.33 and its below its 9 Period EMA (White Line) which is at 58.25. The -DI (Red Line) is at 22.97 above its +DI (Green Line) 15.59. Notice however that the -DI (Red Line) is pointing downwards indicating negative momentum has also dropped. We eventually need the +DI (Green Line) to start curving upwards and eventually cross back over the -DI (Red Line) that will indicate renewed longterm positive momentum for this weekly timeframe. The Chaikin Money Flow (CMF) is showing that accumulation has dropped massively from its high but the CMF (Green Line) is still in the Accumulation Zone at 0.03. Notice that the CMF (Green Line) is starting to curve slightly sideways. I have added a Least Squares Moving Average (LSMA) (Blue Line) to the CMF, note that the CMF (Green Line) is below its LSMA (Blue Line) which is at 0.15, a very good sign will be if the CMF curves upwards and gets back above the LSMA. This week and next will be very crucial for BTC, if you are longterm long then you need BTC to stay above the Longterm Pitchfork Median Line and the 50EMA on this weekly chart. If BTC cannot stay above the 50EMA & Pitchfork Median Line on this weekly timeframe then BTC may drop into the Distribution Zone on the CMF for this weekly timeframe. A very good sign to look out for is if this weekly candle and especially next week’s candle closes green with a higher high and a higher low and especially above that crucial support of the 50EMA and Pitchfork Median Line. Here is a closer look at the Chaikin Money Flow (CMF): Here is a closer look at the Average Directional Index (ADX DI): I hope this is helpful with your trading or hodl-ing.
BITSTAMP:BTCUSD
by entertheroach
2
VeChain - Ascending Triangle Breakout on the 4hrVeChain 4hr Chart Update: VeChain has broken out upwards from its Ascending Triangle. VeChain is now in the BULLISH ZONE of the Ichimoku Cloud for this 4hr timeframe. Notice that we have an Ichimoku Cloud Kumo Twist into a new Bullish Green Cloud for this 4hr Timeframe. Notice how the Bollinger Bands Upper and Lower Bands are moving away from each other and the Price is Walking up the outside of the Upper Band. VeChain is above its 50EMA and its Bollinger Bands Middle Band Basis 20 Period SMA. VeChain is above its Volume Point of Control (POC) for this 4hr timeframe. VeChain’s Volume has increased above its Volume Moving Average 6 4hr candle in a row. The Chaikin Money Flow (CMF) is indicating accumulation has risen slightly to 0.11. The Average Directional Index (ADX DI) is indicating a strong trend with the ADX (Yellow Line) at 27.6 above its 9 Period EMA (White Line) which is at 22.48. The +DI (Green Line0 is at 29.9 way above its - DI Red Line which is at 8.6. Notice that the =DI (Green Line) is pointing upwards and moving away from its -DI (Red Line) which is moving downwards. The future looks extremely bright for this future giant of the crypto industry. Here is a closer Look at the CMF. Here is a closer look at the ADX DI. I hope this is helpful with your Trading and Hodl-ing.
BINANCE:VETUSDLong
by entertheroach
4
BTC - Bearish Symmetrical Triangle Invalidated on the 4hrA Quick BTC 4hr Chart Update: BTC is above its Bollinger Bands Middle Band Basis which is a 20 Period SMA. The Upper and Lower Bollinger Bands are expanding away from each other indicating upwards volatility is increasing because notice the candle testing the Upper Bollinger Band. BTC is above its 50EMA for this 4hr timeframe. BTC is above its Volume Point of Control (POC) for this visible range. BTC is back above its Least Squares Moving Average (LSMA) for this 4hr timeframe. BTC is in the Equilibrium Zone of the Ichimoku Cloud for this 4hr timeframe. BTC is back above its descending Pitchfork Median Line. BTC is above its Volume Point of Control (POC) for this visible range on this 4hr timeframe. The Average Directional Index (ADX DI) is showing the ADX (Yellow Line) has crossed the 20 Threshold and is at 20.50 above its 9 Period EMA (White Line) which is at 18.05. The =DI (Green Line) is at 23.90 above its -DI (Red Line) at 11.88. Notice how the +DI (Green line) is starting to curve upwards and the -DI (red Line) is starting to turn downwards indicating increased positive momentum. Notice that the distance between the Leading Span A (Senkou Span A) cloud support and Leading Span B (Senkou Span B) cloud resistance has narrowed. If you are waiting for full Bullish Confirmation then you would wait for the Leading Span A (Senkou Span A) to cross back above the Leading Span B Senkou Span B) cloud creating a Kumo Twist creating a new green bullish cloud. BTC has broke out upwards from its Bearish Symmetrical Triangle for this 4hr timeframe. BTC has tested it as support and has risen upwards. This is is very good sign & has invalidated the Bearish Symmetrical Triangle on the 4hr. A very good sign will be if this Daily Candle closes above it which it looks like BTC will do. Next port of call is the upper Green Pitchfork Resistance Line, then the Leading Span B (Senkou Span B) cloud resistance & then hopefully BTC will get in to the Bullish Zone on the 4hr timeframe very soon. Here is a closer look at the ADX DI. I hope this quick daily chart post is helpful with your Trading and Hodl-ing.
BITSTAMP:BTCUSDLong
by entertheroach
3
BTC - Quick UpdateQuick and easy BTC 4hr chart update: On this 4hr timeframe, BTC is above its Bollinger Bands Middle Band Basis which is a 20 period SMA. BTC has found resistance from its 50EMA. BTC needs to close a 4hr candle above this crucial level. BTC is back above its Least Squares Moving Average (LSMA) for this 4hr timeframe. If we look at the descending Pitchfork (A,B,C), BTC is still below the Pitchfork Median Line. BTC needs to close a 4hr candle above this crucial level. The ADX DI is indicating that negative momentum has dropped with the -DI (Red Line) at 20.22 and the positive momentum has risen with the +DI (Green Line) now at 16.65. The ADX (Yellow Line) is at 22.76 and has dropped below its 9 Period EMA (White Line) which is at 24.09. The Chaikin Money Flow (CMF) is indicating that there has been a sharp increase in accumulation with the CMF Line (Green Line) at 0.12. BTC is in a Symmetrical Triangle on this 4hr timeframe. Symmetrical Triangles are mostly continuation patterns, the preceding movement before the Triangle was Bearish, that means there is a strong possibility of this triangle becoming a Bearish Continuation Symmetrical Triangle. It is not set in stone because there are other factors at play here, if BTC stays above the Bollinger Bands Middle Band Basis & manages to close a 4hr candle back above the 50EMA and turn the 50EMA into strong support then we may see another attempt at getting above the descending Pitchfork Median Line and back above the upper Symmetrical Triangle Trend Line which would invalidate the Bearish Continuation Symmetrical Triangle. A look at the Chaikin Money Flow (CMF) A look at the Average Directional Index (ADX DI) I hope this is helpful with your Trading or Hodl-ing.
BITSTAMP:BTCUSD
by entertheroach
2
VeChain - A quick 4hr chart updateQuick and easy VeChain 4hr chart update: On this 4hr timeframe, VET is above its Bollinger Bands Middle Band Basis which is a 20 period SMA. VET is back above its 50EMA and has managed to close 2 previous 4hr candles above it and looks like it will do the same for this 3rd 4hr candle. VET is still above its Least Squares Moving Average (LSMA) for this 4hr timeframe. I have added just the Ichimoku Cloud (Kumo) part to show that VET is now out of the Bearish Zone and back in the Equilibrium Zone of the Ichimoku Cloud. If you are waiting for FULL Bullish Confirmation for this timeframe, then you would wait for a Kumo Twist where the Leading Span A (Senkou Span A) moves back above the Leading Span B (Senkou Span B) levels creating the start of a new green cloud. The ADX DI is indicating that positive momentum has increased and notice that the +DI (Green Line) has crossed back above the -DI (Red Line). The +DI (Green Line) now at 19.68 & the -DI (Red Line) at 17.01. The ADX (Yellow Line) is at 17.9 and has dropped below its 9 Period EMA (White Line) which is at 20.39 indicating a weak tend at the moment. The Chaikin Money Flow (CMF) is indicating a steady increase in accumulation with the CMF Line (Green Line) at 0.08. VeChain is above its Volume Point of Control (POC) for this visible range. VeChain is in an Ascending Triangle pattern so we could see another attempt at getting back above the equilibrium zone & back into the Bullish Zone for this 4hr Timeframe. Here is a closer look at the Average Directional index (ADX DI). Here is a closer look at the Chaikin Money Flow (CMF). I hope this is helpful with your Trading or Hodl-ing.
BINANCE:VETUSDLong
by entertheroach
4
VeChain Daily Chart UpdateVeChain Update: What an absolutely crazy couple of days. Remind me never to buy a Tesla. At the moment of typing this, VeChain is still below its 50EMA on the daily chart. VET needs to eventually close a daily candle above this level and turn it into strong support. VET is above its 200EMA. At the moment of typing this, VET has found a support & resistance at its 100EMA. VET needs to close a daily candle above this level and turn it into strong support. Notice that VeChain came close but never actually managed to drop & close below its Pitchfork Hagopian Line indicating that this longterm upwards Pitchfork Pattern is still valid. At the moment of typing this, VeChain is still below its Bollinger Bands Middle Band Basis which is a 20 Period SMA. VET needs to eventually close a daily candle above this level and turn it into strong support. The Bollinger Bands Lower Band is starting to curve sideways indicating volatility is slowing. The Price has gone back above its LSMA and has closed a daily candle above this indicator yesterday. The Chaikin Money Flow (CMF) is indicating VET is back in the Accumulation Zone and heading sideways with the CMF Line (Green Line) at 0.02. The Average Directional Index/Directional Movement System (ADX DI) is indicating the -DI (Red Line) is at 26.2 still above its +DI (Green Line) which is at 12.2. The ADX (Yellow Line) a 36.8 still above its 9 Period EMA (White Line) which is at 32.2 indicating a strong trend but notice the +DI is pointing upwards and the -DI is pointing downwards so we may eventually see a +DI cross back above the -DI for renewed upwards positive momentum. Notice that the Volume is increasing and is above its Volume 20MA (Orange Line). During the recent Crypto drop, VeChain was one of the cryptos that was hit the worst but it is now showing signs of a possible strong recovery. It’s still too early to say for certain but a good sign for the entire crypto market will be if BTC manages to close a daily candle above $40.5K which is roughly where the 200MA is on the BTC daily chart and turn that level into strong support. It should be an interesting 2 months for VeChain with POA2.0 and possible DHL & Government carbon projects on the horizon. Also, congrats if you managed to accumulate more VET at $0.05 - $0.1 during the drop. I hope this is helpful with your Trading or Hodl-ing. CMF ADX DI
BINANCE:VETUSDLong
by entertheroach
10
VeChain - Potential Buy Signal on the Daily Chart MACD IncomingVeChain quick daily chart update: VeChain is still within its upwards Pitchfork Pattern (Points A,B,C). VeChain is back above its Lower Yellow Pitchfork Support Line. It looks like VeChain may soon attempt another crossing back above its Pitchfork Media Line. For this timeframe, there is no fear of VeChain crossing underneath its Pitchfork Hagopian Line anytime in the foreseeable future. VeChain is back above its Bollinger Bands Middle Band Basis which is a 20 Period SMA. The Bollinger Bands Lower Band has moved up indicating volatility has been borough into equilibrium & it is now moving sideways with the Upper and Middle Bands. VeChain is safely above its 50EMA (Yellow Line). VeChain is back above its Least Square Moving Average (LSMA) (White Line). It is a potential buy signal when the candle crosses & closes above the LSMA line & a potential sell signal when a candle crosses & closes underneath the LSMA line. Volume has also increased. The Chaikin Money Flow (CMF) is indicating the CMF (Green Line) has moved back in the Accumulation Zone & is now at 0.05. The Moving Average Convergence Divergence (MACD) is indicating that we may see a buy signal triggered because the MACD Line (Blue Line) is curving upwards and looks like it may cross back above the Signal Line (Red Line), which is a potential buy signal for some traders. I’ve done this analysis on a zoomed out chart to show just how far VeChain has come sine March 2020 & how much more potential its has, especially if that MACD buy signal kick in. The future really is looking very bright for the VeChain. I hope this is helpful with your trading and hodl-ing 👍
BINANCE:VETUSDLong
by entertheroach
7
VeChain - Longterm OutlookVeChain Longterm Outlook: I thought i’d do this post slightly differently, more neater with less indicators on it so you can see how far VeChain has come and what a crucial time VeChain is nearing at. VeChain is well above its 50EMA on the daily chart. The Bollinger Bands are indicating volatility has increased with the Upper and Lower Bollinger Bands expanding away from each other. VET is still above its Bollinger Bands Middle Band Basis which is a 20 Period SMA. VET is essentially walking the Upper Band upwards. The ADX DI SMA is indicating the upwards trend strength is huge with the ADX (Yellow Line) at 75.8 above its 10 Period SMA (White Line) which is at 68.7. The +DI (Green Line) is at 35.8 which is hugely above its -DI (Red Line) which is only at 2.7. If we look at the Chaikin Money Flow (CMF) we can clearly see VET is being accumulated with the CMF (Green Line) above the Accumulation/Distribution Line (Dashed Line) at in the Accumulation Zone at 0.13 at the moment. I have added a Least Squares Moving Average (LSMA) on this daly chart to show that VET is very strong and shows no sign of crossing back under its LSMA anytime soon. FYI the price crossing back under the LSMA is a sell signal. VeChain has found very strong support from its Lower Yellow Pitchfork Support Line. There is no fear of VET crossing and clossing a daily candle below its Pitchfork Hagopian Line in the short to mid-term. Very soon, VeChain will likely attempt a crossing back above its Pitchfork Median Line 🤯. We can expect massive resistance at the Pitchfork Median Line, and there should be some pullback expected because of this resistance……… or maybe it’ll breeze through, such is the nature of cryptos. Crossing and CLOSING a Daily Candle above this Pitchfork Median Line and turning that line into strong support will enable VET to set a new launchpad from which it can achieve its next challenge…….. crossing & closing a daily candle above $1. As you can tell, I’m very excited about this prospect. Just google VeChain and see just how much of a sleeping giant this crypto is. It has a real world partner & client base that would make any corporate jealous with envy. People have asked me, “why doesn’t VeChain promote & pimp themselves out like other crypto companies”?…… my answer is…. because they don’t need to. As i stated before, VeChain should be in your longterm portfolio & is definitely one to watch. I hope this is helpful with you trading and hodl-ing 👍🔥🚀🌍🌔🪐🛸👽
BINANCE:VETUSDLong
by entertheroach
12
volume : main force behind major market moves Volume is one piece of information that is often neglected, however, learning to interpret volume brings many advantages and could be of tremendous help when it comes to analyzing the markets. In addition to technicians, fundamental investors also take notice of the numbers of shares traded for a given security. Volume analysis can help to confirm the existence, or a continuation, of a trend - If trading volume increases, prices generally move in the same direction - or trend reversal - If there is no relationship between the trading volume and the price of a security, this signals weakness in the current trend and a possible reversal. Essentially, trading volume can legitimize a security's price action, which can then aid an investor in their decision to either buy or sell that security. So let’s begin by having a closer look at what volume is and how it can help traders! What is Volume? The volume represents all the recorded trades for a security that occurs in a given time interval. It is a measurement of the participation, enthusiasm, and interest in a given security. Think of volume as the force that drives the market. Volume substantiates, energizes, and empowers price. When volume increases, it confirms price direction; when volume decreases, it contradicts price direction. In theory, increases in volume generally precede significant price movements. However, If the price is rising in an uptrend but the volume is reducing or unchanged, it may show that there’s little interest in the security, and the price may reverse. A high volume usually indicates more interest in the security and the presence of institutional traders. However, a rapidly rising price in an uptrend accompanied by a huge volume may be a sign of exhaustion. Traders usually look for breaks of support and resistance to enter positions. When security break critical levels without volume, you should consider the breakout suspect and prime for a reversal off the highs/lows Volume spikes are often the result of news-driven events. Volume spike will often lead to sharp reversals since the moves are unsustainable due to the imbalance of supply and demand Important note: there’s no centralized exchange where trades are recorded, so the volume data represents what happens at a particular exchange only In most charting platforms, the volume indicator, one of the oldest market indicator, is presented as color-coded bars, green if the security closes up and red if the security closed lower, where the height of the bars show the amount of the recorded trades. Additionally, there are many custom studies, available on trading platforms as it is the case for @TradingView, where the volume information is presented with added additional insight, such as adding volume moving average, presenting relative volume with four colored histogram What Else? Apart from the volume itself, your ability to assess what volume is telling you in conjunction with price action can be a key factor in your ability to turn a profit in the market. It makes little sense to analyze the volume alone. To correctly interpret the volume data, it shall be seen in the light of what the price is doing. there are a lot of other indicators that are based on the volume data as well as price action. Analyzing those volume indicators has always helped traders and investors to better understand what is happening in the market. Here are some of the commonly used volume indicators: • On Balance Volume • Money Flow Index • Chaikin Money Flow Shortly; On Balance Volume The On Balance Volume indicator, is a technical analysis indicator that relates volume flow to changes in a security’s price. It uses a cumulative total of positive and negative trading volume to predict the direction of price. The OBV is a volume-based momentum oscillator, so it is a leading indicator — it changes direction before the price Granville, creator of OBV, proposed the theory that changes in volume precede price movements in a measurable way. He believed that volume was the main force behind major market moves and thought of OBV’s prediction of price changes as a compressed spring that expands rapidly when released. It is believed that the OBV shows the interactions between the institutional and retail traders in the market If the price makes a new high, the OBV should also make a new high. If the OBV makes a lower high when the price makes a higher high, there’s a classical bearish divergence — indicating that only the retail traders are buying. Another type of bearish divergence occurs when the price remains relatively quiet and fails to make a higher high but the OBV soars higher than the previous high — indicating that the institutional traders are accumulating short positions. On the other hand, if the price makes a lower low and the OBV makes a higher low, there is a classical bullish divergence, showing that the institutional traders don’t believe in that move Money Flow Index The Money Flow Index indicator (MFI) is a tool used in technical analysis for measuring buying and selling pressure. This is done through analyzing both price and volume. When the MFI rises, this indicates an increase in buying pressure. When it falls, this indicates an increase in selling pressure. The Money Flow Index can generate several signals, most notably: overbought and oversold conditions, divergences, and failure swings The MFI is essentially the RSI with the added aspect of volume Chaikin Money Flow The Chaikin Money Flow indicator (CMF) is a volume indicator that measures the money flow volume over a chosen period. The money flow volume is a measure of the volume and where the price closed relative to the trading session’s range. It comes from the idea that buying pressure is indicated by a rising volume and recurrent closes in the upper part of the session’s price range while selling pressure is demonstrated by an increasing volume and repeated closes in the lower part of the price range. Both buying and selling pressures are accompanied by an increase in volume, but the location of the closing prices are in accordance with the direction of price There are many others, that you may be interested to check further • Price-Volume Trend (PVT) • Volume Price Confirmation Indicator (VPCI), Dormeier’s awarded study • Ease of movement • Accumulation/distribution, base for Chaikin Money Flow • Volume-Weighted Average Price • Volume-Weighted Price Bars, present if price movements are supported by Volume • … Additional example custom studies to the one presented with the idea Conclusion Volume analysis is very important to traders and investors. There are numerous volume indicators out there, but we have discussed some of the commonest ones. Study them and add them to your analysis tools to improve your trading.
by dgtrd
20
4H BTC Waves+ Signal charting, full blindFully blind signal charting followup for Waves+, BTCUSD 4h. All horizontal lines/signals were plotted with the candlestick chart hidden and not visible. Additionally, this time, all directional trades and exits were determined with the chart hidden. Additional signal explanation and rationale is detailed in yellow text, annotated on the chart/indicators. 8/10 Trades closed in profit (green checkmark). 2 Trades marked with red X were below 2% profit margin, and are considered a loss unless high leverage is used. Setup/configuration: Initial setup with Waves+, DOSC (Derivative Oscillator) with signal line disabled. 1-2 bar delay on signals to provide accurate/realistic demonstration of entries/exits (on bar close). Waves+ has the LSMA line enabled (dark blue). Waves+ is a hybrid wavetrend fibbonaci oscillator. Waves+ components: Light blue line = Waves line Dark blue line = LSMA line Red line = Mmenosyne follower (fib line with medium speed) Green line = Mmenosyne base (fib line with slow speed) Shaded yellow zone = Explosion Zone warning (Ehler's Market Thermometer) Red/green center dots = TTM Squeeze Loose Fire(red), TTM Squeeze Strict Fire (green) Lower dotted line = 38.2 fib line Upper dotted line = 61.8 fib line Lower dashed line = 25 wavetrend limit Upper dashed line = 75 wavetrend limit Blue 1/2 height block = suggested TP from short/drop incoming 1-2 bars Orange 1/2 height block = suggested TP from long Chart markup: solid green = buy/long signal solid red = sell/short signal dashed red = early sell/short signal dashed green = early buy/long signal dashed orange = suggested exit from long signal dashed blue = suggested exit from short signal Trades closed in profit/loss, no stops, marked up on chart: Trade closed in profit = green checkmark Trade closed at a loss = red X. Trades that are less than 2% in profit will be considered a loss for scalping unless leverage is used. Incremental for this blind signal test will be documented below/updated as part of the trade idea/post.
BITFINEX:BTCUSDEducation
by auroagwei
2
[AU] Mnemosyne v04 Mnemosyne v04 Fibonacci oscillator with Lead-Follower-Base design and optional dynamic Caution Zones. Adjustable lengths and new defaults for Lead, Follower 1/2, Base 12 Smoothing options available: "SMA", "HMA (Hull)", "EHMA (Exponential Hull)", "EMA", "RMA", "WMA", "DWMA (Double Weighted MA)", "Ahrens MA", "ZLEMA (Zero-Lag Exponential MA)", "LSMA (Least Squares MA)", "JMA (Jurik MA)", "T3 (Tilson MA)" Shown here from top to bottom: Mnemosyne with SMA, Hull, JMA, LSMA. Each line has an adjustable length and configurable smoothing options available.
BITMEX:BTCUSD.PEducation
by auroagwei
Approximating A Least Square Moving Average In PineLeast Squares Moving Average, Running Least Squares, Regression Line or even Running Line, this method is among the most popular ones in statistics and technical analysis. The LSMA is extremely useful, it approximate the price pretty well and can be considered as one of the best low-lagging filters out there. Knowing how this filter is made can be really interesting. May the methods i share below inspire you to create great indicators or start coding in pine :) A Least Squares Moving Average is defined by Tradingview as : A line that best fits the prices specified over a user-defined time period. It is calculated using the least squares method. The result of this function is calculated using the formula: linreg = intercept + slope * (length - 1 - offset), where length is the y argument, offset is the z argument, intercept and slope are the values calculated with the least squares method on source series (x argument). Alright, we wont use the offset parameter for our approximations, so how to calculate a least squares moving average ? If you find the mathematical formula of it you will certainly ask yourself "what are all of those maths" . But its ok, in the Pinescript you can just use the linreg() function, or you could calculate it like that : slope = correlation(close,n,length) * (stdev(close,length)/stdev(n,length)) intercept = sma(close,length) - slope*sma(n,length) linreg = slope*n + intercept Ok, but can we use different estimation methods ? Certainly, the key of the LSMA is only the correlation coefficient after all, all the other parameters can be estimated. Standard Score Or Rescaling A Line To The Price Rescaling a line to the price is easy to do, it will give a similar result as the LSMA but it is faster to write, here the code : A = (n - sma(n,length))/stdev(n,length) * correlation(close,n,length) B = sma(close,length) + A*stdev(close,length) Easier no ? We first standardized a line (n) and multiplied it by its correlation with the price, our first parameter A is dimensionless . Then we rescaled the result to the price by multiplying our parameter with the price standard deviation and summing this result to the price moving average. here the difference between our method and the classic LSMA of both period 100 If you put both together you wont see any difference. Overshoots can be reduced by modifying the standard deviation size. Correlation Rescaling The correlation coefficient is the core of a LSMA, if we rescale it we can approximate a LSMA, here the code : a = (correlation(close,n,length) + 1)/2 b = sma(close,length) + stdev(close,length)*1.7 c = sma(close,length) - stdev(close,length)*1.7 k = c + a*(b-c) The correlation coefficient oscillate in a range of 1/-1, we first scale it in a range of 1/0. Then you may have recognized the b and c formulas, they are the one used in bollinger bands, the standard deviation is multiplied by 1.7 because it was the number who best approximated a LSMA, but it could be any number defined by the user, something interesting is that this method to can fix overshoots in a classic LSMA using lower multiplier. Since our correlation is in a range of 1/0 we can rescale it to the price thanks to the method used in k. In red our method, in blue the LSMA of both period 100. Here the standard deviation is not multiplied by a number, this result in less overshoot. In order to have even more manipulation over the LSMA i will try to estimate the correlation coefficient the best i can :) So here you go, i hope you will find a use for it.
Education
by alexgrover
6