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BTCUSD Daily 13CCI tlb cautious LongFinally BTCUSD Daily has a solid 13CCI trendline break for a Long signal. However, be cautious because 1) BTCUSD just had a abnormally strong candle up 2) price is about to run into strong resistance at 50 sma 3) I need to see clear divergence on CCI relative to the CCI low on the time cycle to the left, followed by a rest of the low, before a Long can go far. Some might argue that these are already in, and may look rushed relative to te more common divers, which may be true Watch for a possible rejection at the 50 sma. Watch for any cross of CCI back down thru an uptrendline, then watch for a diver, retest of low, then be ready for strog Long after a CCI tb of any down trendline The reason I'm giving this CCI tlb some quarter s that the price patterrn down from Nov can qualify as a measured move, 5-3-5
BITSTAMP:BTCUSDLong
by nicker
4
How can we draw a plan for every movement ? Each ''top trader'' should know about every movement of the price on chart. For instance we have to find major highs & lows and compare levels for finding breaks. As you can see on the #usdjpy on 4h time frame, all of the breaks has a powerful basement that we mark them " Supply and Demand zones ". If traders can find these areas and also guess the way of the last movement, then they will have a great chance to execute on lower time frames like 15 minutes. However the parameter of the "volume" can improve your analyzing the long term way of the charts.
Education
by goldstrategist
BTCUSD $56-58k action area Likely BuyBTCUSD tagged April highs and immediately began a zigzag retracement down, which may be near completion. A common target for a retrace is -38.2%. Expect either a strong bounce and move to new highs, or a drop to -50% to -61.8%. If below -61.8%, expect further breakdown. Check previous post commentaries added below main entry to anticipate. We took most profit above $66k and have been awaiting the -38.2% retrace for adding all in. Looking to add around $56 to $58,000. I've been posting preemptively so you can be ready and not need for me to post again If 13 CCI crosses up thru a Down trendline that will be the Long signal. If that happens, the next plan is to watch for any CCI short signal, which would be CCI crossing down thru an Up trendline, and a sell
BITSTAMP:BTCUSDLong
by nicker
BTCUSD H4 neutral heads-upsLast post warned likely bounce up off 50sma. There was indeed a 13 CCI tlb Long signal shortly after and ran up $2000 to retest swing high. I held off posting not wantingto overtrade, but as price pulls back possibly to fib. 38.2% retracement, if it bounces up from there I'll take that long signal. I have not marked it on chart, so look at the fib retr. tool there. So far there is no 13CCI divergence, suggesting more upside. To avoid overtrading, consider breakout trades long above swing high, or short below the 50sma
BITSTAMP:BTCUSD
by nicker
1
MSTR Daily Long 13CCI tlb triangle apexMSTR Daily -13 CCI has a Long signal just triggered with a cross up thru a down trnedline on CCI for an aggressive Long at 773. The continuation of Up is favored by location of two CCI triangle apices being above zeroline. More conservative traders may wait for a breakout above the swing high dotted line, to avoid any possible continuation of zigzag retracement down to the swing low solid line or lower. Check out 16 Apr 750 Call for 107.00, 21 May 780 Call for 145.00. Feb 20021 high was above $1300 Reversal would be a 13 CCI break down through an Up trendline (not shown, to retain clarity)
NASDAQ:MSTRLong
by nicker
2
EUR.USD H4 Short 13CCI tlb, fib trgtH4 13CCI crossed down thru an up-trendline on the CCI. Given that, the entry short on EUR.USD is immediate for experienced eyes, or as soon as CCI came below +100 on CCI for conservative traders. The price now is on S/R going back thru July, and is on or close to a median line for pitchfork starting Aug 18, depending on your software. The S/R area may hold price up temporarily. A break below might aim for a 38.% retracment of move up from mid-June to Sept 1, 2020, possibly near price intersection of the 38.2% retr. line and the lower median line possibly the end of this week or early next week ~~~1.17-1.166 The exit would be a CCI tlb of an up-trendline or a fib target
Short
by nicker
10
USDCHF Daily This is why we should waitThe price move in these situations is not convincing for a downmove , even if CCI crosses an uptrendline, until CCI gets below +100. This was described on previous chart. I pushed the short entry because I was sleepy, and stopped out. Actually I'm happy that happened, to show you why I need to wait for CCI to get inside +100 before I short. I'll be ready to short again should CCI cross below 100 soon But no need to post it because you now now what to look for.
Education
by nicker