This platform position-style trade is starting to shift to a momentum or swing-style trade, which happens frequently with platforming trends. Above is a daily chart so you can see the shifting daily patterns from platforming to momentum. The angle of ascent is getting steeper, which is best seen on a weekly chart, below. If you are holding this stock or others...
Triangle Breakout with Strong Volume & Momentum SL - 287 Nearest resistance- 350 to 365
Hello traders! We can finally see a shift in the momentum of GBPUSD, after a bearish year. The pair seems to create a nice impulse upwards on daily timeframe, and we can be looking for an entry after the price breaks the resistance on 4H. All the indicators that I use indicate a bullish move, the price is above EMAs, retesting them, the moving averages also...
Since mid June 2022 LTC has been steadingly increasing in sats value and from the start of November it has been increasing at a much greater pace. Big caps have started to move and are generally a precursor for more volaitlity incoming into other mid to small caps. BTC can still fall so this could take the momentum out of its rise however it would descend slower...
As analysed last week. GJ painted a massive double bottom and broke the high structures to the left. I thought that price would pull all the way down for a retest before pushing back up to continue the double bottom pattern. As we know price doesnt move in 1 direction indefinitely, so we always get a pullback. But if momentum is strong enough price doesnt always...
Using Bollinger bands with momentum on the 1 hour and 4 hour time frames for dollar cost averaging, it seems that Bitcoin is beginning to level out and stabilize in price action. This could be the bottom of this downward trend we have seen since the middle of November of 2021, however, I believe caution needs to be used and careful planning. Based upon the...
I'm using the ROC indicator w/ BB to measure statistically unique price changes. Impulses and retracements can end with climatic moves, quick large moves signaling exhaustion. A swing high or swing low may form after this kind of price movement. Using SPAQ for a couple of examples. Example 1 shows a climatic top produced by the large gap up far away from the...
BTC retested the white long-term trendline and confirmed support, which is a very bullish sign. Note that the daily TD-seq is approaching a 9 though. Expecting a short term (probably minor) reversal to retest the 10429 USD VPVR line. Green Ichicloud supporting "cushion" ascending higher and appears to be in the process of broadening. PRISM had registered a...
Normally I never try predict such short term movements to this accuracy.. This was more for fun and trying something new in regards to momentum analysis.