Strong buyWe were stuck in the trading channel last week between 1.63000 and 1.64000.
I have pinpointed my strong buy sentiment on the charts. All very clear indications that the pair should continue towards top resistance and possibly breach to retest a new top resistance before reversal (most likely right at a whole number :) ). On the contrary we could see a significant breach following the second up trend after the first sideways breakout out following a downtrend.
Please comment with your thoughts and added ideas! Thank you and let’s crush this week!
Macd-v
Triple bullish divergence AMT
AMT Weekly:
The weekly shows a rejection candle that went up to -1 ATR, a point of reversal the last couple of weeks that often resulted in a pullback to the 21 EMA. MACD Histogram is ticking up, although EFI is hanging around its EMA and not showing much strenght yet. Stochastic RSI is bullish and its %D line is rising.
Daily:
There is a nice triple divergence here, on MACD-Histogram and Elder Force Index. Then a ATR channel divergence on the current decline as well. Stochastic RSI is coming from an oversold condition and supports the idea of prices going up here. Also, MACD lines are diverging as well, which is a strong sign.
Entry: 2.315
Target: 2.435
Stop: 2.24
R/R ratio: 1:1.6
Ethereum show bearish divergence in H4 timeframe; Daily chartEthereum was into this descendent triangle and then, was broke down in the past hours and right now it's make a pull back to then, continue the drop toward these 2 levels: $520 USD and $490 USD as point to take profit.
Now, very important it's to understand the key price action in Daily chart. Because the past candlestick was complete bearish and that show an indication that bulls are weakness and bears are here defending the $600 USD as resistance strongest in 3 occasions.
In this screenshoot are the anatomy of the chart and we see that Ethereum it's into the higher zone. So, a good point it's that Etherum could reach down to the key support trend line from May 2020.
And finally, we are into the correction #4 in the elliot wave analysis and it's so nice!!!
So, in summary we see bearish divergence in H4 and Daily using the RSI and MACD, and also the price action strategy!!!
So guys, at the moment I entry in short position around of $593 USD with a SL at $613 USD and then, my targets will be $520 USD and $490 USD
NOTES: MACD- MOMENTUM INDICATORMoving Average Convergence Divergence
Type of Indicator: Lagging Indicator
-Data used in MACD is based on the historical price action of the stock. Since it is based on historical data, it must necessarily “lag” the price.
Consist of 3 components
1) MACD Line FORMULA: EMA 12-EMA 26
2) Signal Line FORMULA: 9-day EMA of MACD Line
3) MACD Histogram: FORMULA: MACD LINE - SIGNAL LINE
Functions
1) Momentum indicator for Bullish or Bearish
2) Helps in determining long or short position
3) Entry ideas
TIPS (Must not be used as stand-alone Indicator)
-BUY: When MACD Line Cross over the Signal Line + Reversal Candle/ Pattern
-SELL: When Signal Line Cross over MACD Line + Reversal Candle/ Pattern
-READY: When the MACD Histogram does not show big changes, ready for incoming big momentum either bullish or bearish
Idea sourced from:
-Investopedia
-YouTube Rayner Teo: MACD Indicator Secrets: 3 Powerful Strategies to Profit in Bull & Bear Markets
Continue to buy within this channelI do not see anything that is going to intercept NZD’s momentum. We can be confident that finding buying points within the support of the presented channel is safe until we see a significant break out of the channel.
Current indicators are playing out for a buy. I place an early buy prior to the MACD signal cross. Do not take blindly and place entry points along support line.
I expect an overall push to .74000 as we saw last year in Nov-Dec 2018
BTCUSDT 4H | Bitcoin market overview: Bulls DominationHello, dear subscribers!
Since the previous review, the price of bitcoin has increased from $16,000 to $18,965 per 1 bitcoin. Overheated market did not prevent customers from continuing to increase the price of bitcoin without significant drawdowns.
The current price of bitcoin is $18,700. The current resistance zone is $18,800 - $19,000. Fixing the price above this zone opens for buyers the way to $20,000 - the historical maximum of the bitcoin price.
Support zones: $17,600 - previous corrections were approaching this level. Below this level is the support zone 1: $16,500 - $16,800, and below this level is the support zone 2: $15,500 - $15,900.
In recent weeks, we have seen an unstoppable rise in the price of bitcoin, on the daily chart accumulated large overbought on the RSI and OBV indicator. MACD is in the green zone since October 10, it is a very long period of buyer domination. Growing trend is still in force.
It does not matter if we continue to grow from our current positions or go to correction, and at the top and bottom we have a large free zone for the bitcoin price movement. Which direction the price will go in the next few days.
Subscribe to the channel and stay with us!
Direction watchWe are approaching key levels that offer strong supports. With NZD strength I think we may be able to push through these zones with retests at the key double zero points I mapped out.
I am looking for the MACD and signal on the 1 hr chart to make a 0 line cross with a candle close out. On the contrary I am looking for the 0 line cross to be rejected triggering the MACD line to cross back up through the signal for potential long entry. One of these key points will offer a strong reversal.
NVDA 11/16 Earnings Run and LongNVDA is one of my favorite stocks.
As for the earnings run I couldn't tell you if it will pump or dump after we hear earnings but here is why I like this stock for the following week:
1)MACD hit below -15.00. If we look at the last time it did that we had a month long bull run of +$100. The big unknown is earnings.
2)The support and resistance wedge is getting smaller just in time for earnings. We could be following either green line support. we will see as the week begins.
A technical end of year path to very high heights in 2021The RSI is clearly in the bull zone. And we appear to be essentially parabolic at this point. I believe all these ideas predicting pullbacks at every level up to 20k, are going to result in us squeezing straight through to a new high.
Fundamentally, bitcoin is win-win at the moment.
If coronavirus is cured and the markets propel forward on good economic recovery news, there's more money for bitcoin. If its all doom and gloom, governments print money to save their economies, then Bitcoin becomes the inflation safe haven and more money for Bitcoin.
Last time we were at this MACD level, opening up on the weekly, we went up 13k in 2 months. Which would put us at 24k target price over the next month or two. This should also drive the macd up to around it's previous all time high. At which point, you would expect the market to pause, perhaps retest the previous 19k high for support. And then we're free for the next run-up!
If that happens; then we're going to see the mother of all buy signals with an all-time MACD high touch, ease off, then power through. Historically when that has happened on larger indices the price never goes back below that point. And the markets rocket upwards. Which would give Bitcoin the technical fuel to achieve the more outlandish price predictions; 40k right up to lottery winner levels.
But this is just an idea at this point... based on 3 assumptions:
1) Bitcoin is experiencing the start of its next big bull run.
2) We power through, invalidating all these ideas for a significant pull back on/before 20k.
3) We touch the previous macd high, and then push through it a few weeks later!
If they're valid... then 2021 should be a very pleasant year provided you don't meddle too much and miss out on the easy bull money!
Hoag's 80% Value Play-Election "sell the news" (Short)Hoag's 80% Value Play
(Election Day Short-SELL THE NEWS)
Uber looks Toppy, Multiple Potential Dbl Tops
(Unconfirmed)
Reasons for Trade:
1. Have retraced to areas of .618-.786, and to + .786
of its range from IPO high and most recent high, respectively
2.At volume high rn, break back into value, and held for 2 consecutive 30m candles,
suggests price will revisit value low 80% of time. VL is at reload long levels
3. MACD internals Looking weak.
4. Was recently oversold, and is hovering near OS
5. Significantly decreasing buy volume impetus, very telling.
RR 4.22:1
Enter trade at confirmation of M top, at break through .786 level on downside
and acceptance into value at $35.96
Stop set at M Top* at $38.25
Move Stop to scratch at touch of value low near potential reload long levels, $26.30. If accepts into
value low, trail stops, 3 highs/Lows method.
Caveat: This is a short trade in the event of unfavorable election results where rideshare worker's rights (gig economy) is on the ballot in California. NYSE:UBER
For entertainment purposes only, not trade advice. DYOR!