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Moneyflowindex

BTC BearishSince the fear of extraordinary high inflation and the corresponding provisions against it are shocking investor's sentiment, I want to warn from "unexpected happenings" in the near future. I would not believe, that current levels will be held. We might see a continuation of up's and down's for a few weeks, but after March (point of time where the FED will stop its balance sheet expansion), I can't see prices being sustained at this level. The Money Flow Index is near it's overbought range, which indicates a broader top-ish area, as well as we are still below the Cloud. Passiveness is recommended.
by FallenxAngel
LRC possible Ascending TriangleHello Traders and Happy Valentines Day! I hope you all enjoyed the Super Bowl game! I am from Detroit so this was great for me as it is probably the closest we will get to seeing a Super Bowl! Thanks Stanford, you deserve it! Analyzing Loopring we are hoping to see a formation of an ascending triangle. The last swing down presented a small amount of bullish divergence on the MFI on a daily time frame which often sends the price in the opposite direction reversing the trend. Of course this is only possible if the lower ascending trend line holds and price bounces from this line growing above the top resistance and holding it as support. Trading this pattern you’d want to look for volume growth of buyers coming in every time the price bounces off the lower ascending line. You can enter this trade in two areas. Both labeled on the chart. Entering at the bottom of the structure at the first labeled entry will get you a greater risk to reward within the trade. Adding to your trade after the break of the upper resistance is how I generally approach this pattern. One thing to note is this pattern will often present a false breakout of the top of the pattern as shown here. Keep this in mind when measuring the target which is just the distance of A to B added to the top of the pattern when and where the price breaks out. Generally this pattern is a continuation pattern yet, can be found in reversals also. Best luck with this trade and I hope this information has helped you understand this pattern better. Savvy
Long
by Savvythe1
2
Bitcoin Weekly Buy SignalBitcoin had a nice retracement to the 0.382 Fib level and bounced back over the Base - line. The Stochastic RSI confirms a buy signal in the oversold area, which shows nice room for growth in the next weeks. As long as we are above the cloud and inside of this "ascending broadening wedge", this should be safe. I am expecting Bitcoin to rise to old highs in the near future, riding this wave till indicators show signs of weakness. Stop Loss is targeted at 2x the ATR, so 5781,42 x 2 = 11562,84 points from 44815.
Long
by FallenxAngel
ADA MFI oversold levels, fib levels and fractalToday MFI daily has reached the same oversold level as the bottom of July-September capitulation period. Fractal of July-September fall looks interestingly similar to the fall of September. Both drops reached the golden pocket fib levels of around 0.6 which is not surprising. Will ADA repeat the same story? Are there enough fundamental news coming up in the near future to compensate for the bearish price action of today after e-toro delisting it? I'm personally bullish on Cardano at these prices, but is not clear how long we will remain bearish in the short term. Are you accumulating or dropping the bag now?
Long
by TheTradingParrot
3
Vivint Smart Home is on saleAt relevant support at $ 15, the next level is at $ 13.5. It has the potential to go up to $ 20 and a maximum of $ 25 in the medium term. 50% below the peak of March last year. Stochastic and RSI at the oversold point. It is a company that has struggled to be profitable, although I highly doubt that it will disappear, on the contrary, I see that its technology is part of a growing sector, so it still has to keep going. "Vivint Smart Home, Inc. is a public smart home company in the United States and Canada. Vivint delivers an integrated smart home system with in-home consultation, professional installation and support delivered by its Smart Home Pros, as well as 24/7 customer care and monitoring." NYSE:VVNT
VLong
by amateur_trad3r
EDUCATION: Money Flow Index (MFI)Hello, dear subscribers! The topic of this article is Money Flow Index Strategy (MFI). Definition This is the oscillator type indicator, which looks like RSI, but takes in account the volume. Thus it demonsrates not only the price momentum, but also the money volume. It is calculated as a ratio of the positive or negtative money volume divided by the total money flow. MFI indicates the overbought and oversold conditions. The asset is overbought when its value is above 80 and oversold, when below 20. The strategy Let's take a look at how to execute the long positions. Initially we should make sure that the market is in global uptrend now. For this purpose we will use the 200 period SMA. If the price is above the SMA, which has a positive slope the market is in uptrend now. The second step is the bullish hidden divergence identification. As we told in the previous education article the hidden bullish divergence with the oscillators means the uptrend continuation. The third point of this analysis is that the asset now is in oversold zone according to MFI.
Education
by Skyrexio
Tezos still consolidating! 🥱I've readjusted de bottom line of the symmetric triangle (white lines) in order to cover the latest price movement. The price has tested many times the support line of the symmetric triangle (white lines), so the breakout should be close to happening. The symmetric triangle usually breakout in the direction of the current tendency (the one before entering the triangle), so in our case, that should be bearish. There are also other occasions (less frequent) where the symmetric triangle acts as a reversal pattern. I really believe Tezos is undervalued. It's a great project technically speaking, and it also has good fundamentals nowadays. The squeeze momentum in the daily time frame has been showing a bearish momentum every day weaker. The ADX in the daily is also moving down, but still far (currently at 32.39) from the 23 levels. The other variable is keeping me Bullish is the Bearish Harami in the Market Cap BTC Dominance, in the daily time frame. When Bitcoin is rising and the BTC Dominance is decreasing (hopefully), this is usually a good moment to hold altcoins. I'm already in profit with this trade, I've been buying the bottom (doing cost-average). But this is taking too long in the same area of price, and I don't like that. Especially inside a symmetric triangle coming from a bearish movement. ☝️ That's why I'm placing a stop loss to break-even. Even more, forgive the redundancy, with a bearish divergence (see above) in the MFI (Money Flow Index). If Tezos price finally breakout bearish (with hight volume) I would wait (limit buy) for the price at $1.5648 and $1.4346. Do you have something to share? I would like to read your opinion on this! That's all folks! ⌛️ This isn't trading advice. I've no idea what I'm talking about 😉. Trade with caution! 🚨 Have a good day! 🤟
Long
by UnknownUnicorn12013771
2
SLV is presenting a buying opportunityTechnically while I am long SLV in the big picture I think there may a little but of downside left to complete a healthy retracement. The tool I've used here depends on identifying divergence (in this case MFI but RSI is fine as well), you then measure the duration of that divergence, and lastly project it (duration) off the price low (as this is bearish divergence) within the period the divergence was identified. The notion is that this is the average time it will take for that low to be tested. What this means is that we *may* see a low in SLV on 8/14 and the general price range I'm looking for is 21.4 - 20.84 (prior low and pivot point) with a .618 retracement of the massive rally falling in that range. If the .618 retracement doesn't hold I will then look at the .5 mark visible on the graph. Please ask if you have any questions.
AMEX:SLVLong
by TNasr
BTCUSD Technical Indicators pointing to Oversold - 7200 up nextI've used the DMI to gauge the upcoming convergence between buying and selling volume, and as highlighted, they're moving closer together quite quickly. The MFI indicates higher selling volume and highlights oversold conditions at current prices. This is prime time for whales to start feeding. Last the ParaSAR is displayed to indicate overall strength of the upcoming reversal. The further below current prices the marks are, the stronger the buying trend highlighted by the two technical indicators above. Lastly, given the justified upward trend, I've applied Fib retracement to justify support and resistance levels. They match up quite nicely. Price will be retested at 7200, and if breached, there's a good chance for it to move up to 7370, at which point non-whale volume could drive price up to 7500+ to match the upward trend.
BITSTAMP:BTCUSD
by formalrisk
Ethereum - How we conduct Technical analysisTechnically I refer specifically to ETH in this post but this analysis should help guide analysis on other securities, crypto or otherwise. I hope the chart is self explanatory and if not please ask. We are basically looking for bullish divergences which I have highlighted using angled lines and also utilizing the Fibonacci tool. Please look up videos on youtube if you don't know how to use it. However I have provided arrow tipped lines showing how it can be used to predict retracement as well as extension levels. In placing the 0 and 100 points *beginning and end of Fibonacci spread) we basically need to look for and identify our impulse wave, a clear movement in any direction, up or down. Lastly never forget to utilize volume, we can see from the horizontal bars towards the right of the screen that the path of least resistance is up. Thanks for reading and I hope this helps.
COINBASE:ETHUSDEducation
by TNasr
3
$BTC! Expected price action projection of this corrective wave 4Hey everyone, Details in the chart. Look up the Money Flow Index indicator if you're not familiar with it. It's a very effective indicator on the daily chart - basically combines RSI and Volume. Expected Price action of this ~35% correction is outlined roughly in magenta color, along with the expected MFI movement. Target of correction is around the $6,000 levels. Of course, this is not how things will play out exactly, but helpful to put things in perspective: big correction this month followed by strong rally higher (wave 5) going into July. P.S. This is by no means financial advice, and may be far from how things play out. Trade/invest safely. Cheers, Leb Crypto
COINBASE:BTCUSD
by Leb_Crypto
HOW TO TRADE ETHEREUMEthereum Trading Strategy All we need for this trading strategy is two technical indicators: The MACD – This is a momentum indicator that can help us spot a trend. The MFI or the Money Flow Index an overlooked but critical technical indicator that measures the money flow into or out of a cryptocurrency. The MACD is one of the most common indicators used by traders around the world in a variety of different markets to spot trades before they happen. The MFI indicator is based on price action and it incorporates Volume in its calculation, which is quite similar to other oscillators. In other words, we can use the MFI indicator to measure buying and selling pressure. We can use the MFI indicator to trigger entries and to take profits. The easiest way to interpret the MFI indicator is that a reading above the 50 level represents an inflow of money into the cryptocurrency, while a reading below the 50 level represents an outflow of funds from the cryptocurrency. The other critical MFI thresholds are 20 and 80. An MFI reading of 20 is considered bullish and oversold while a reading above the 80 level is considered bearish and overbought. Step #1: Wait until the Money Flow Index drop below the 20 level The first rule is that you always want to wait for the Money Flow Index to be in oversold territory. In other words, we need to have an MFI reading below the 20 level. An extreme MFI reading below 20 suggests that there is very heavy money outflow from Ethereum. As history has repeatedly shown, this information can be used as a contrarian indicator. The MFI indicator is not a standalone indicator. There are plenty of good cryptocurrencies that have high MFI reading, and most bad ones have low MFI reading. So, in order to use the MFI indicator, we need to check it against other technical indicators which are the reason why we also use the MACD indicator. Step #2: Wait for MACD histogram to break above the zero level The second rule is to wait for the MACD histogram to turn positive. This is a confirmation that the bullish momentum is starting to build up. Now, we have two rules in place, but these are still not enough to trigger an entry. Indicator-based strategies are very unpredictable which is the reason why we’ve added another confirmation signal before to enter and buy Ethereum. Now, we’re going to lay down a straightforward entry technique for Ethereum trading system. Step #3: After MACD turned positive, Buy after MFI also breaks above the 50 level. As an extra measure of caution, we also like to wait for the MFI indicator to break above the 50 level before to buy Ethereum. A reading above the 50 level represents an inflow of money into Ethereum which is the moment when smart money is stepping into the market. We want to trade alongside smart money to really make a profit trading the cryptocurrency market. Step #4: Place Protective Stop Loss below the Previous Swing low In order to minimize our potential loss we want to place our protective stop loss very close to the market price but at the same time at a price where it should really invalidate our trade signal. For the Ethereum strategy, the ideal place to hide the stop loss is just below previous swing low. You can always add a buffer to protect yourself in case of a false breakout. Step #5: Take Profits when the MFI enters Overbought territory or above the 80 level When it comes to our Ethereum take profit trading strategy we want to cash some profits at the first sign that the market is about to turn against us. Otherwise, we risk given back some of our hard earned gains. The first indication that the market is about to turn is when the Money Flow Index enters into overbought territory. In other words, when the MFI breaks above 80 levels, we take profits. Use the same rules for a SELL trade – but in reverse. Ethereum has fundamental advantages that hopefully will help Ethereum price suppress Bitcoin in the coming years.
BITFINEX:ETHUSDEducation
by Tradingstrategyguides
BTC 1h still has momentumDear day traders, RMI still above 50, as I have commented on previous idea, the price will only go down when the RMI shows a massive negative slope. Money Flow still confirms solid buying power. Still, the 15min chart already signaled some weakness. I would still hold on to BTC position and have a stop loss at 8090, but I don't advise against going short now. I am closely watching 8400 resistance and 8100 support level. If we see a bull break the next test levels would be the previous 8600 and then 8900. Otherwise 7800 should be our next resistance, but if we form a higher low (higher than 7800) this would look very bullish, at least on an hourly perspective. I will update as soon as I wake up tomorrow. Just my 2 cents. Hope you guys find it helpful.
COINBASE:BTCUSD
by UnknownUnicorn2547327