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LITECOIN LTCUSD Trading Opportunities Review Since Jan 2019LTC LITECOIN has been one of the leaders among thIS bullish run of 2019.
This idea reviews the trading opportunities of LTCUSD since January 2019 according to signals given by "9 Seasons Rainbow Multiple Time Frames Pattern" Indicator.
Symbol: Kraken:LTCUSD
Ribbons of time frames: 15m - 11H
Red Arrows Down: Short Trade
Green Arrows Up: Long Trade
Blue Arrows: Close existing position
Please scroll the chart to see the history since January 2019, try to recognize the patterns of colors combination for the following trading signals:
Short Trade to follow the bearish trend, eg: Yellow - Green -Red
Long Trade to follow the bullish trend, eg: Lime - Green -Lime
Short Trade to reverse, eg: Yellow - Green -Lime
Long Trade to reverse, eg: Green - Red - Blue - Red
Please leave your opinions and PM the author asking for free trail of "9 Seasons Rainbow Indicator".
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
US Oil: A big challengeUS Oil presents some serious challenges for those looking to short this market.
This analysis is time frame dependent. Which way you might want to go depends entirely on trends in respective time frames.
DAILY PICTURE
1. On the daily time frame this is very much a bull market. We can see that in the ATR (amber trendline) and the green Guppy investor zone.
2. On the daily price has made a temporary retreat to near ATR support, in a parabolic limb of the curve.
3. If anything this is usually a place to go long (on this time frame).
4H - FOUR HOURLY PICTURE
1. There is an early trend switch for the south.
2. This is seen on the ATR and SQM (Squeeze momentum).
3. But it isn't as yet a Grade A or Grade B switch.
DECISION-MAKING (Speculative issues)
1. Finding appropriate entry point on a chosen time frame.
2. For a limited hit going long (north) on the 4H, taking a reasonable stop loss and taking only about a 26 or 38.2 Fib retracement of the most recent daily candle.
3. For a limited hit going short (south) on the 4H, a larger stop-loss is required.
4. Possibly going long on the daily and hold out.
As usual before starting any trade on any time frame common things need to be decided:
1. Time frame one will stick to (1D, 4H or something else).
2. Entry position.
3. Stop-loss.
4. Exit position.
Stop-losses on 4H and less need to cater for short spikes in price. So simply saying 2.5 times ATR may not be enough.
Based on experience only of US Oil, I can expect a recoil up on the 4H but of course, I can't predict how much. As mentioned above I can expect at least a 26% Fib on the length of the last daily candle. Expectation is not prediction.
Declaration : This post is for educational purposes only. Nothing here is intended as advice. Your losses are your own should you still construe this as advice, act on it, and lose money.
Forex Watch EURO PAIR 20190423 by 9 Seasons Rainbow IndicatorEURO is a weak as a whole, especially to USD, CAD, JPY, and GBP.
Euro Pairs being monitored:
EURAUD , EURCAD , EURCHF , EURGBP , EURJPY , EURUSD
Time Frame:
1H - 2D
EURUSD: Bearish (Red) across most Time Frames
EURCAD: Bearish (Red) on most Time Frames, Green on 1H, 85m, and White on 22H - wandering
EURGBP: Keep on range, Bearish Divergence / Resistance on 170m (3H), Yellow
EURCHF: Bullish (Green) across all Time Frames
EURJPY: Strong Pull back (Red) into previous support area
EURADU: Got valid support: Bull (Green) is filled on all Time frames between 1H and 11H, Bullish Divergence / Support on 680m (11H), Blue
DISCLAIMER
This is only a personal opinion and does NOT serve as investing advice NOR trading advice.
Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
Forex 9 Seasons Rainbow Indicator Watch: USD Pairs 20190423USD is strong as a whole.
USDAUD: as mentioned in my last idea "Forex Divergence Watch: USD Pairs 20190419", Bullish Divergence (Blue) has turned out to Crazy Bought (Lime)
Crazy Bought(Lime) in 1H, 85m, Bullish Run in high volatility.
USDCAD: is breaking out the resistance.
USD Pairs being monitored:
USDAUD , USDCAD , USDCHF , USDGBP , USDJPY , USDEUR
Time Frame:
1H - 2D
DISCLAIMER
This is only a personal opinion and does NOT serve as investing advice NOR trading advice.
Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
EOSUSD Day Trade Plan Apr 22 2019Bitfinex: EOSUSD
EN: 5.24 - 5.37 average: 5.305
SL: 5.491
Take Profit: 5.15, 5.1, 5.05, 5, 4.95, 4.9; Fib (0.5-0.382)
Expected Call Duration: 1 days to 4 days
Position Percentage: 20%
Leverage: 3.3
Risk Level: Medium
Call strength: Medium High
Indicator: 9 Seasons Rainbow Multiple Time Frames Pattern PRO
Signals:
Bearish (Red): 1H - 8H ribbans
Long Wick Bearish Hammer
Bitfinex: BTCUSD: Bearish Divergence, (Overbought / Resistance, Yellow) on Three ribbons > 2H and 15m, 22m
DISCLAIMER
This is only a personal opinion and does NOT serve as live trade call NOR trading advice.
Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
Watch Out for Possible BITCOIN PullbackBITCOIN is getting more and more dangerous for Bull. It may challenge the previous high, or even breakout into higher high. But the Marginal Revenue is decreasing for Long Trade.
So Bull gets to watch out for a possible Pullback.
It is still in Range, so it is up to the market.
Indicator:
9 Seasons Rainbow Multiple Time Frames Pattern PRO
RSI
Signals:
Bearish Divergence (Overbought /Resistance, Yellow) on 2H Time frame, which is strong short signal for Bitcoin, as discussed in my idea "Is Divergence the King or Queen of Crypto Technical Analysis"
Crazybought -> Overbought, Lime -> Yellow means the previous breakout is fading.
DISCLAIMER
This is only a personal opinion and does NOT serve as live trade call NOR trading advice.
Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
ETH DAY TRADE PLAN Apr 20 2019BITMEX: ETHUSD
EN: 173.5 - 178.5, average:176
SL: 180
Take Profit:170, 169, 168, 167, 166, 165 Fib(0.618-0.382)
Expected Call Duration: 1 days to 1 week
Position Percentage: 10%
Leverage: x 9
Risk Level: Medium
Call strength: Medium High
Indicator: 9 Seasons Rainbow Multiple Time Frames Pattern PRO
Signals:
Bearish Divergence, (Overbought / Resistance, Yellow) on 60m - 170m Time Frames
DISCLAIMER
This is only a personal opinion and does NOT serve as live trade call NOR trading advice.
Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
Forex Divergence Watch: USD Pairs 20190419USDCAD: Resistance in 1D, Yellow, Range
USDAUD: Conflict Signals
Bullish Divergence (Blue) in 339m (5.6H), Support
Bearish Divergence (Yellow) in 4D-5D Resistance
USD Pairs being monitored:
USDAUD , USDCAD , USDCHF , USDGBP , USDJPY , USDEUR
Time Frame:
1H - 2D
DISCLAIMER
This is only a personal opinion and does NOT serve as investing advice NOR trading advice.
Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
Forex Divergence Watch: EURO Pairs 20190419Euro Pairs being monitored:
EURAUD, EURCAD, EURCHF, EURGBP, EURJPY, EURUSD
Time Frame:
30m - 1D
EURGBP: Bearish Divergence / Resistance on 170m (3H), Yellow
EURADU: Bullish Divergence / Support on 680m (11H), Blue
EURGBP 170m MACD, RSI
EURADU: 680m MACD, RSI
DISCLAIMER
This is only a personal opinion and does NOT serve as investing advice NOR trading advice.
Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
Is Divergence Really Irresistible?Divergence is one of the best technical analysis theories. Although not 100%, a very high probability of profitability is well known.
This idea lists most of the instances of divergence on BTCUSD (Coinbase) since $19892 summit of December 2017 on 2H interval.
Indicators used:
RSI
MACD
9 Seasons Rainbow Multiple Time Frames Pattern PRO
Base Time Frame: 2H, most upper ribbon of "9 Seasons Rainbow"
Longest Time Frame: 90H (3D + 18H), most lower ribbon of "9 Seasons Rainbow"
Instances of Bullish Divergences (Green Arrows)
29 instances, probability of profitability > 85%
Signals:
Blue ascending arrows in RSI & MACD
Blue Ribbons in "9 Seasons Rainbow"
Instances of Bearish Divergences (Red Arrows)
17 instances, probability of profitability > 90%
Signals:
Yellow descending arrows in RSI & MACD
Yellow Ribbons in "9 Seasons Rainbow"
The value of divergence: it is not limited to fixed price and it happens on any Time Frame, when it encounters strong resistance or support.
The downside of divergence: high reward is coming with high risk, when the resistance or support being broken through, a breakout or breakdown may happen. Thus whales can use this to play with the market, with the recent case happened on April 1.
By using "9 Seasons Rainbow" Indicators, traders can monitor Divergence:
Visually
Cross Multiple Time Frames on a single screen, without necessary to change time intervals /sessions
Setting Alerts of divergence on All Time Frames on a click
DISCLAIMER
This is only a personal opinion and does NOT serve as investing advice NOR trading advice.
Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
The arrows and rectangles are added manually according to signals of the indicators.
Hidden Divergence is not included in this idea, because I feel the probability to win is not so high as normal Divergence. May be I don't find the right method to use hidden Divergence.
Is Divergence the King or Queen of Crypto Technical Analysis?Divergence is one of the best technical analysis theories. Although not 100%, a very high probability of profitability is well known.
This idea lists most of the instances of divergence on BTCUSD (Coinbase) since $19892 summit of December 2017 on 2H interval.
Indicators used:
RSI
MACD
9 Seasons Rainbow Multiple Time Frames Pattern PRO
Base Time Frame: 2H, most upper ribbon of "9 Seasons Rainbow"
Longest Time Frame: 90H (3D + 18H), most lower ribbon of "9 Seasons Rainbow"
Instances of Bullish Divergences (Green Arrows)
29 instances, probability of profitability > 85%
Signals:
Blue ascending arrows in RSI & MACD
Blue Ribbons in "9 Seasons Rainbow"
Instances of Bearish Divergences (Red Arrows)
17 instances, probability of profitability > 90%
Signals:
Yellow descending arrows in RSI & MACD
Yellow Ribbons in "9 Seasons Rainbow"
The value of divergence: it is not limited to fixed price and it happens on any Time Frame, when it encounters strong resistance or support.
The downside of divergence: high reward is coming with high risk, when the resistance or support being broken through, a breakout or breakdown may happen. Thus whales can use this to play with the market, with the recent case happened on April 1.
By using "9 Seasons Rainbow" Indicators, traders can monitor Divergence:
Visually
Cross Multiple Time Frames on a single screen, without necessary to change time intervals /sessions
Setting Alerts of divergence on All Time Frames on a click
Poll: Is Divergence the King or Queen of Cryptocurrency / Cryptoasset Trading Technical Analysis?
Please leave your comments.
DISCLAIMER
This is only a personal opinion and does NOT serve as investing advice NOR trading advice.
Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
The arrows and rectangles are added manually according to signals of the indicators.
EOS DAY TRADE PLAN Apr 15 2019BITFINEX: EOSUSD
Long entry: 5.425 - 5.52
Stop loss: Roughly 5.325
Take Profit: 5.7, 5.8, 5.9, 6, 6.5
Expected Call Duration: 1 days to 1 week
Position Percentage: 20%
Leverage: x 2
Risk Level: Medium
Call strength: Medium High
Indicator: 9 Seasons Rainbow Multiple Time Frames Pattern PRO
Signals:
Bull (Green), Bull Pullback(Light Green) across almost all the ribbons
One Overbought (Yellow) in 8H remind us resistance of previous high: 5.85-6.1
BCH BAB is leading the market with outstanding strength, so EOS, LTC is expected to follow.
AB - CD, a continuous run of yesterday's rise.
DISCLAIMER
This is only a personal opinion and does NOT serve as live trade call NOR trading advice.
Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
XBT - I'm a master the times. Timing is Perfection.Hey everyone,
I've been quite passive for the past few days and it's weekend again. In my last few posts, I kept shorting Bitcoin and I strongly admit that I wrong. However, I can say that it seems like I'm a God when it comes to timing.
Here's a little story for my few followers.
On the 12th of November last year, I told my colleagues and friends within the crypto circle that Bitcoin was about to plunge really hard. Some listened but didn't give it much attention. Some others laughed hard and told me that they respect my opinion but think I'm crazy for thinking that would happen.
Two days later, the crash happened.
On that night, the entire coin circle was silent. It was like a ghost town.
As expected, I started getting messages the next day. The next morning, I had so many of em talking to me. Some calls, some chats. It felt awesome! "How did you predict that!", "How did you know??", "Do you know some insiders?? some whales??" ... The answer was simple.
I'm a master of time. Timing is KEY.
If you go back and check one of my ideas on trading view, you can see that I also foresaw that Bitcoin would make a huge move between March 29 -> April 2 with emphasis on April 1st. Don't get fooled on April fools!!
You guessed it, yes. It surged on April 1st. I personally thought Bitcoin would drop, but it didn't. This time, my prediction on price movement was wrong. But the timing was right as always. I've always been accurate with timing.
I'm a master of times.
Here's my prediction on what would happen after this price hike.
The next wave is coming and it's also on an uptrend again. We are now in correction phase and in a "Bart Simpsons"-ish pattern. We are correcting that price drop from that of the November story.
I am expecting a price hike of about 30 to 40% in a period of around 6 days.
I'll try to update as often as possible. See you in the next one guys!
Please follow me and keep passing by!
Peace!
Prediction for for Bitcoins Actual Bottom using Bitcoin cyclesBitcoin cycle 1,
23 weeks bear/48 weeks bull=0.47
Bitcoin cycle 2
61 weeks bear/106 weeks bull=0.575
Bitcoin Cycle 3
-22.34% increase in the ratio, so we would do 0.575x1.22=0.7015 ratio
so 0.7015x152=106.6 as the the bottom, or weeks 107 basically for the bottom, which would be
between Dec 2019-Jan 2020
To be on the safer side it would be best to Dollar cost average 1-2 months before these intervals, so that would be like Oct 2019 to March 2020 you would start buying in intervals bitcoin/other alt coins and hold for a few years to come.
Bitcoin Price Action Update (day 341)Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to succeed long term. If you fall into the majority that tries and fails then I assume no responsibility for your losses. What you do with your $ is your business, what I do with my $ is my business.
Click here for my Comprehensive Trading Strategy | Click here for my Comprehensive Trading Process | Click here to learn about the 2 BTC' to 20 BTC' Trading Challenge
Consensio: Bullish. 50 EMA posturing for golden cross with 200 EMA.
Patterns: Phase 7 Hyperwave | 4h ascending triangle
Horizontals: R: $5,341 | S: 5,150
Trendline: 1h channel
Parabolic SAR: $4,800 and accelerating fast
Futures Curve: Contango
Funding Rates: Longs pay shorts 0.01%
BTCUSDSHORTS: Looks like an A&E bottom, starting to build significantly over the past few hours
TD’ Sequential: Daily G4 | Weekly just closed a perfected G9
Ichimoku Cloud: Fully bullish
Relative Strength Index: Testing all time highs
Average Directional Index: Weekly still trending down. Daily is very bullish
Price Action: 24h: +6.05% | 2w: +38% | 1m: +39.08%
Bollinger Bands: Hugging the top band
Stochastic Oscillator: Weekly entering overbought territory
Summary: It has been a very long time since we have seen a weekly candle like this!
Markets are moving and it is time to pay close attention but we do not want to get ahead of ourselves. The weekly just closed a perfected green 9 and there is major resistance overhead. It starts getting heavy around $5,600 and it will become much bigger at $5,800.
If prices get to that area while being this overbought then it will be the best selling opportunity of the year. That being said I did enter a small long this afternoon at $5,190 when the price confirmed the ascending triangle. The target from the triangle is $5,669 which is right in line with where horizontal resistance is marked.
If we reach that target then I will be taking full profit and looking to go short. Despite entering long I have market this update as neutral because I wasn’t to post it in time. At $5,190 the risk:reward was slightly less than 1:2 and now the price is testing $5,300. That makes it far less attractive.
If you missed out on this current pump then make up for it by preparing to sell very soon. If we rally to $5,600 - $5,800 then I do not expect those prices to last for long. The market will be extremely overbought at major resistance and that usually results in a strong / fast reaction. The risk:reward of opening a short in that area will be at least 1:5.
FTSE MIB Elliott Wave Analysis UpdateThe FTSE MIB has consolidated the double WXY correction of Minor grade that we were following. The longer-term scenario has affirmed the conclusion of the bearish movement started in May 2018 and the structure that seems to be forming is that of a triangle ABCDE. Therefore the main scenario is that of a triple correction of WXYXZ Minor grade, agreeding with the bull market scenario in the American markets. The Minor correction that has been formed so far is a double correction, composed of a flat (W), an expanding triangle (X) and a zig zag (Y). Inside we can highlight the following Fibonacci ratios: X = 0.382 * W and Y = 1.618 * W. Within Y, the sub-wave B retraced the 0.382 of A and C ended on level 0.618 of A. Within C Minute: 3 = 2.618 * 1 and 5 = 0.5 * 1. Currently, we are inside the first sub-wave of X Minor. From the central graph we note that the correction has already touched the 0.236 level from which it rebounded. At least another short-term move is expected in the short term before the end of the first sub-wave of X Minor.
BTCUSDT H4 Uptrend ContinuationThe pair have a good uptrend run since it's sharp decline on 23 Feb 2019. I am seeing it to continue somemore if it breaks and closes above the immediate resistance line (blue dotted line). Major supply level at 4162.
If price comes down to my prz levels between 3892 - 3912 I am interested to take a long position. Take note these harmonics completion levels are also near the bottom of the trend channel. For those who studies Supply and Demand will know this range is around the Demand Level as well.
Do like, share and follow me for more analysis like this.
Up, Up & away for USDCADI use multi-frame technical analysis to support my set-ups as higher time-frames are always more reliable. Therefore, lets look at UC by starting on the monthly time frame.
Monthly time-frame:
The ascending trendline, indicates that the current trend is bullish, thus looking for longs will be better than shorts
Weekly time-frame:
When dropping down to the weekly time-frame, it can be seen that the pair is moving in an ascending channel, due to its consecutive higher highs (HH) and higher lows (HL). further approving that looking for longs will be better than entering any short trade.
daily time-frame:
The last daily candlestick in the yellow bubble (15/03), indicated a reversal of the downtrend that the pair was currently in from the weekly key level 1.34500 to the monthly key level 1.33250. therefore a long position is now finally presenting itself.
Explanation for long-prediction:
1. the pair is showing an uptrend on both the monthly and weekly timeframes (higher time frames = more reliable & never trade against the trend)
2. the reversal candle around the resistance-turned-support key level 1.33250
3. last daily closure indicated a reversal in trend
long trade setup:
in the long term, i predict the pair reaching the 1.38750 (trendline), or the next major monthly key level 1.40000
however, in the short term, multiple TP's will be placed at the upcoming weekly and monthly key levels of
1.34500, 1.36500 and the final TP (that of the long term prediction)
i will look for an entry on the 4hr time frame, once it rejects the 1.33250 region again.
risk:reward ratio is within my trading plan.
EUR/USD: Weekly overview! Timelines and technical details!#SellHey tradomaniacs,
welcome to a weekly overview of Euro / US Dollar.
It`s been very boring during the past weeks and the market had to choose a path
fighting inside a range of the wedge.
Neither EURO or USD had the final say yet but it looks like the EURO is going to loose this fight since
we`ve seen another attempt to break out of the range and stopped at the previous support which could be an
evidence of an S&R-Flip.
The previous two weeks do look like a desperate "try hard" of the bulls to push the euro towards north but did not even make
it to the strong tested resistance at 1.14525.
The defense of team bulls at yard 1.13 was very strong but at the end not good enough to prevent team bears to
shot the next goal.
The big picture shows an S/H/S-Pattern which should be a strong evidence for another sell-off after this breakout
towards parity down to a possible price of 1.06.
Timelines:
The timelines are pretty accurate and harmonic and do indicate time for a downtrend.
Comparing the divergences of them do show us a common happening.
During a trend we`ve seen at least 2 waves with a "settlement" with Wave A which indicates the time of the primary trend.
The right shoulder shows a settlement of Wave B, Alpha and Beta and indicates a correction of Wave A.
Amplitude and lenght are pretty accurate.
After that correction we`ve see a harmonic agreement of Wave A, B and alpha.
The next attempt to correct indicated by the Alpha-Wave did not get its support of Wave B anymore and wasn`t able to break out of the wedge.
This divergence often confirms the weakness of the opposite direction of the Wave A + Wave B combination.
Right now we will head into an another "agreement" of all waves.
Overall we see a very bearish chart and can expect a new sell-off to start soon in ordewr to complete the S/H/S-Pattern.
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LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
S&P 500 Elliott Wave Analysis UpdateThe scenario dictated by Elliott Wave Theory remains bullish. In particular, as in the last update, the American index is in Intermediate wave 3, but with the difference that the sub-wave 3 seems to have ended. The latter has an extension greater than that of Minor 1, this will allow wave 5 to be longer than 3. The main scenario implements the wave formation of Minor 4 and its sub-wave C. On the graph central, the lower trend line of the channel should act as a dynamic support and target of Minor 4. Moreover, respecting the principle of alternation since wave 2 was a zig zag, now wave 4 seems to be a flat, or at least a lateral correction like a triangle.