It's a joke ... ... ... but also not! Don't waste too much time my dears. Technical analysis is just like photography: No editing: average photo. 1 min edit: good photo. 2 min edit: great photo. 5 min edit: average photo. 10 min edit: bad photo. Replace edit for analysis and photo for trade and you've got the recipe! Don't forget that...
I was following the TD Buy Setup then TD Buy Countdown using the 15m timeframe. I got tired after seeing the 11 show up, went to bed..the 13 came around 4am, and I missed the buy. :-)
TSX:TD Nearing the 200EMA on the weekly chart. Acted as a nice bounce spot every encounter in the last decade. Considering market environment I will be playing this very safe and waiting for some kind of confirmation before entering a long position. Any kind of daily closes under that range will be enough for me to pass on this trade. Entry - $65.24 StopLoss -...
Looking at a daily close under $69.20 for a short opportunity. Price is testing a horizontal that acted as strong support twice recently. Coupled with a 100/200EMA cross and current market situation will lead to a break in my opinion. Entry: Would like to see a strong break of support and take the first retest to the $69 area. Stop-Loss: $70.10 Take-Profit: $67.66
Hello, A descending channel seem to be forming on the daily. I just drawed some previous resistence and support points, dating from August 2017, intersecting the channel. I'm watching those carefuly for a possible bounce. #Keeping it simple. Best regards, Alexandre Simões
TD-D-Wave(by Tom Demark) is similar to Elliot-Wave Theory but lessens the subjective "calls"/"changes" to wave counts done by most Elliot-Wave practicioners by implementing minimum requirements as far as candle counts (much like baseTD Indicator). Won't go too far into the rules in this series of posts but encourage people to poke holes in this analysis where...
BITFINEX:ETPBTC displaying bearish RSI divergence up here after the massive run it had this summer. TD counts on weekly and daily RED (bearish). Suspect this ticker was used for capital fleeing for Chinese (this is a Chinese ICO) this summer and explains the massive PUMP while everything else dumped. Finex (where massive volume was occuring) is putting in big...
NYSE:CSL came across our 9 in 9 scanners past 2 days (Daily 9 inside Weekly 9) and seems like interesting short opportunity. Spitballing here...but for advanced TDreasons that I don't wish to dig into here price should target the pink line on the weekly chart shown (low of candle 6 aka Swing Low). Priced bounced from there directly into a perfected Sell Setup 9...
NASDAQ:ENPH forming pretty big H&S here. What to look for the short: a Daily 8 / 9 TDsell SetUp not much higher than left shoulder or a bearish color flip on the daily candles without breaching daily swing high. Will Update if short taken.
Our scanners pulling up a LOT of shitcoins forming potential bottoms on various 9s, 9,13s AND consistently exhibiting RSI divergence. The following are just a few. Will update if I I get long any of these GEMS. Will be interesting to see how the lot of these perform on average. DARE say the Market is RUNNING OUT of SELLERS?! BITTREX:HMQBTC BITTREX:DYNBTC...
BITTREX:XEMBTC forming a nice rounded bottom. 1st target marked if this is just a dead-cat bounce...2nd target (flag) if we're going to see a true alt-coin season (~100% appreciation against BTC from these levels).
BITTREX:VTCBTC flashing perfected 9 Buy on Monthly timeframe per TD....also just happens to be consolidating very nicely near bottom range of a nice channel for 60+ days. Check mark on chart was when it went 110%ish in <6 hours thanks to a small pump-group (this thing moves very fast both directions due to lower liquidity AND IS why it's been the target for pump...
#LSK/BTC (Binance/Bittrex) Definitely still in risky waters, but we can try to play this uptick to our advantage. Daily Seeing the aggressive buy countdown 13 on current candle. as MACD is coming to convergence. pRSI shooting up with CMF yet a bit diverged from accum/dist giving a potential breakout signal. Trading below all EMAs, so with some movement and...
BITTREX:DASHBTC testing a critical level on the weekly chart this week. As you can see from the arrows, this level (black line) was tested multiple times before DASH had its massive breakout in 2017. Zooming in on the 12H time frame below...you can see how the 12H came down to this line on a Perfected Buy Set Up and then flipped before completing the Set Up...
We can see that we have green 2 above green 1 so this is possible good bullish entry. SEC delayed Bitcoin ETF decision, so this move could be good for altcoin market. everything is oversold LTC_BTC chart:
By connecting the latest Level 3 TD Supply Points on the US Dollar Currency Index Chart (4hrs), we see a long Trendline. The Continuation of the Trendline between both Points was drawn by the TD lines Script, while the Line that connects both TD Points (to be exact: the wicks/ the high-values of that candles are connected) was drawn by Hand to better illustrate...
While searching for use-cases for TD Lines based Strategies, I found out that CHFJPY seems to be sensitive to TD Lines/ Trendline-based Signals. Using TD Points Level 3 reduces the number of Signals but increases the Reliability. As a Strategy for taking Profit, I use the 3-Day-Trailing-Stop-Rule (3DTSR) by Peter Brandt. Here are the full Settings . Looking at...