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Trendfollowing

S&P Bull Trend Still IntactThe S&P 500 started off the year volatile but we are starting to see price organise itself with the aid of the weekly 50 simple moving average. The last time price came into contact with the 50sma was in June 2020, near the start of the current bullish rally. It wasn’t a surprise to see price run out of steam as it had been such a strong run. We identified multiple levels of support that price could come down to and you can see that the 50sma has held well. Price has traded below the weekly 50sma in the recent pullback but has not closed below it which is a good sign that this indicator is acting as a strong level of support. Price is looking bullish so far this week so we want to continue to see bullish momentum and a continuation to the upside. We are holding back from entering any new positions until we have clear signs that there is strength in the market once again. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:SPXLong
by Sublime_Trading
Bitcoin Pattern Signalling The Next Trend?A pattern is forming in Bitcoin if you know where to look so could this signify what will occur next for this highly traded cryptocurrency. In April 2021 price declined from circa $65,000, dropping 55% to below $30,000 in June 2021. Then after a rally, price declined from just under $70,000 in November 2021 to circa $33,000 in January 2022 and this drop was 51%. The percentage moves is the first of the similarities between the two declines as they both saw a drop of just over 50%. Price pulled back around $36,000 in both cases and the duration of the declines was not far apart. The first decline lasted 10 weeks and the second one was 11 weeks. Bitcoin is making good progress now and the next hurdle in the way if price is going to keep heading up, is the 50 simple moving average followed by the $50,000 round number. Let’s see how this cryptocurrency performs over the next few months. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
BITSTAMP:BTCUSD
by Sublime_Trading
BTC up almost 15% 47,000-48,000 USDT incoming? BTC pumped 14% after breaking out of the ichimoku cloud. Price is above the cloud, which is bullish. This is supported by the Supertrend Ninja clean (green vertical line). Also this was the area where the price moved to the upper part of the Bollingerband. RSI is above 70, this is where the gains usually are made. The VPVR is showing heavier resistance around 47-48K. The bearish orderblock is around 46,600 USDT as well. RFight now the next (grey) resistance is around 45,500 USDT. the Constance Brown RSI is showing bearish divergence at this moment. The CCI is oversold as well. A retrace before another leg up, or sideways action before another leg up is likely. Supports and Resistances are highlighted as grey blocks. Thank you for reading. Namasté 🙏 Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
Long
by Kch28
JST pumps 45%, whats next?Small update: JST pumped 45% after breaking out of the ichimoku cloud, and bullish signal of the Supertrend Ninja - Clean (green vertical line). It crushed several resistances. Currently RSI, Constance Brown RSI and the CCI are all over overbought. Taking positions right now is extremely dangerous and have an unfavorable risk to reward (R:R). I would expect a correction first before possible another leg up. Currently JST is on wave C. Supports and Resistances are highlighted as grey blocks. Thank you for reading. Namasté 🙏 Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
by Kch28
Small update: Neo not done yet with the pump?Small update: NEO is finding resistance from the (orange) orderblock on the 4 hour chart. A slight correction to 20.30 USDT, before resuming its C wave uptrend to 21.80 - 22.50 is very possible. Claiming 21 USDT is key. RSI and Constance RSI Brown are not showing any signs of bearish divergence just yet. Price broke out above the ichimoku cloud. The Supertrend Ninja Clean (green vertical line) is indicating the trend is still bullish. If RSI breaks 70, more action is likely. NEO doesn't care what BTC wants today. Supports and Resistances are highlighted as grey blocks. Thank you for reading. Namasté 🙏 Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
Long
by Kch28
GBPUSD - Purple War Zone!Hello everyone, if you like the idea, do not forget to support with a like and follow. GBPUSD is overall bearish trading inside the brown trendlines. Moreover, the zone 1.36-1.365 is a strong support turned into a resistance. So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper brown trendline. (acting as non-horizontal resistance) As per my trading style: As GBPUSD approaches the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break, and so on...) Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
15
BTC analysis - What's next?BTC bounced from 34,300 USDT order block. General trend is still bearish according to the Supertrend Ninja clean (red vertical line). Price is below ichimoku cloud as well. Based on the weekly chart reclaiming 44k, is where I would start to be bullish. I would wait on the Supertrend Ninja clean to give a bullish signal (green vertical line). The RSI is around 40. This could be the start of a range (40 to 60 is considered to be in a range). The Constance Brown RSI showed a small bullish divergence. While the CCI moved below −100, which indicates a new, strong downtrend is beginning, signaling a sell. I wouldn't be surprised if BTC would go sideways in February. Which would be a good opportunity for alts to pump. Then again if BTC goes down another leg. Alts will go down as well. Breaking the orange order block. Then BTC will head to 29K. Then I expect the Constance Brown RSI to show a stronger bullish divergence. Supports and Resistances are highlighted as grey blocks. Thank you for reading. Namasté 🙏 Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
BITSTAMP:BTCUSD
by Kch28
British Pound Beating The Euro!When price approaches a level of support or resistance that has not been broken in years, we must take note because a huge trend usually follows a break of such levels. If we take a look at the consolidation zone for the EURGBP, it began from the October 2016 high at 0.9225. A low was then formed in April 2017 at 0.8297. Since then, price has mainly been trading within this price zone but it has spiked above and below the high and low several times since then. The last time the low was tagged by price was in February 2020 and price is making its way to the low once again. Unless a major decline happens today, being the last trading day for January, the breakdown, if there is any, may happen in February. We are not interested in the first breakdown of support as this may be a fake breakout. We would need to see a pullback to resistance then another breakdown below the consolidation zone. A pattern of lower lows and lower highs will confirm a bearish trend is in play. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
by Sublime_Trading
BNB done correcting or ready for another leg down?BNB bounced from 340 USDT support level . Which was an oversold bounce. There ain't no trend reversal yet. Currently BNB is sitting in a support block (grey block). Which is usually a bearish sign. It needs to hold here, or we gonna have a drop to 359 and thereafter 340 USDT. Before possibly making a bullish divergence . CCI is still oversold. Price is below the Ichimoku cloud which are bearish signs as well. I will evaluate once the monthly price closes. Right now BNB is in a no trade zone for me. Another leg down or sideways chop is what I expect. Personally I don't try to buy bottoms, I prefer to see a strong bullish candle first. I will wait for the 'Supertrend Ninja - Clean' to give a bullish signal (green vertical background color). Before making any Long trades. Otherwise I prefer to wait the correction out. Currently the trend is still bearish (red vertical background color). Supports and Resistances are highlighted as grey blocks. Profits can be taken at each level. Thank you for reading. Namasté 🙏 Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
by Kch28
1
S&P 500 At Strong ResistanceWhen the decline began in early January, the 20 and 50 simple moving averages were the obvious levels of support. After those levels were broken and price gained momentum to the downside with big bearish candles, the next level of expected support was the 200 simple moving average. On January 21st, price sliced through the 200 simple moving average with ease and formed a low at $4222, 12% below the recent high from January 4th at $4774. Price went into a mini consolidation a few days after forming the low, and attempted to break back above the 200 simple moving average on January 26th with a fake breakout. On Friday, price attempted another breakout above the resistance but fell 3 points short of this level. The day did close with good momentum, as seen from the big bullish candle. If the momentum continues into this week, we may see price trading above the 200 simple moving average. The bias is still bullish until we see a pattern of lower lows and lower highs below the 200 simple moving average. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:SPXLong
by Sublime_Trading
BTC done correcting or ready for another leg down?BTC bounced from 34k USDT support level. It looks like an oversold bounce. It definitely ain't no trend reversal. Currently its consolidating under a resistance level (grey block) around 36.5k. BTC price needs to reclaim 38k USDT level for more bullish continuation. Reject at this level. And we are heading for 32k first, thereafter 30K USDT. Before possibly making a bullish divergence. CBrown is showing a small bullish divergence. CCI is still oversold. Price is below the Ichimoku cloud on this chart. Another thing I want to mention is the price on the weekly charts, the price is below the Ichimoku cloud as well. Which is a bearish signal. Personally I don't try to buy bottoms. I will wait for BTC to reclaim 38k and for the 'Supertrend Ninja - Clean' to give a bullish signal (green vertical background color). Before making any Long trades. Otherwise I prefer to wait the correction out. Currently the trend is still bearish (red vertical background color). Supports and Resistances are highlighted as grey blocks. Profits can be taken at each level. Thank you for reading. Namasté 🙏 Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
by Kch28
2
Confirming Trends with the Lower Time Frames GBP/USD ExampleHey Guys! As you guys know, I'm currently waiting for a pullback to the 1.3313 levels for a long entry on the GBP/USD. In order to know whether or not I will get this pullback, I look to the lower time frames to see how much long strength or short strength there is. Now in this case, I want price to come down to my entry level, thus am looking for signs of short term short strength on the lower time frames. As you can see in the chart, during the initial move long, there were constant signs of long strength on the 1h chart with the trendline break out, then immediate break back into the trendline. ( Immediate break back in means: the break out candle's close and the break back in candle's open is at the same price level) Almost giving the "sense" of a "fake" break out. Then at the peak of the long move, another 1h trendline had a break out, however no immediate break back in. Showing waning short term long strength. (A good thing for me!) Then soon after, a 4h trendline was broken out with no immediate break back in, showing waning long strength on the 4h chart also. Then to top it off, there was a 15m fake double bottom that formed igniting 15m short strength. ( I cannot go into detail about fake price patterns here. ) In this way, I use lower time frame break outs to confirm strength in either direction which by default, confirms which way price will go on the higher time horizons. In this case, I used this method to confirm whether or not I will get the pullback to 1.3313 for a long entry however, this method can also be used to confirm trends. For if a trend analysis says that the trend is long; the lower time frame's price action should move in a "long trend way". Just a cool trick for you guys! Have a great day! Ken Disclaimer: This is not Personal Financial Advice.
Education
by TradingForexPriceAction
Bitcoin Heading Sideways and Down!Bitcoin is again proving how volatile and unpredictable the cryptocurrency market can be. The start of 2021 was bullish, then after a 55% decline from April to June 2021 price rose to create another new all-time high at $69,000 in November 2021. Since then, another decline has developed, seeing a dro of 51% so far. What we can see now is a consolidation zone forming. When price consolidates, the behaviour can be unpredictable as there is no clear trend direction, just a lot of sideways movement. The high is at $69,000 and the low is at $28,600 formed from the June 2021 low. Within this zone, price is displaying weakness and heading towards the low support zone. Sideways movement in the market can last from months to years and there is no way of telling how long they will last. The primary confirmation that they are over is when price breaks and closes above the consolidation high or below the low. It is best to stand aside from the cryptocurrency market for now until a trend starts to form again. Right now, the conditions are too volatile. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
BITSTAMP:BTCUSD
by Sublime_Trading
EURUSD - STILL bearish My last 2 ideas on EURUSD have been bearish, and while the structure of the bearish continuation pattern continues to shift, my sentiment remains. We are still in a larger downtrend, price is struggling to gain traction to the upside, the recent strength that many were touting as the breakout indicating the start of a bullish trend has floundered. Price has returned to what is, in my eyes, the lower channel boundary of a bear flag. At this point though I need to see not just a break below this boundary but a break below the late November low - that is the point at which I will feel confident that price will have broken it's ranging/consolidation period and is set to continue the trend down. As it stands, while my directional bias remains, I don't want to underestimate how long this ranging period could last. Remember, you can be right about the direction, but if your timing is wrong then the trade is wrong. My posts are largely ideas, the concepts behind trades. If I'm making a trade, it will contain the Stop Loss and Take Profit levels on the chart.
Short
by HayeTrading
34
Stocks Weak At The Start Of 2022The markets are displaying weakness which usually kicks in during the month of February but came early this year. We started to see declines from early January but for now, the overall market remains bullish. The Nasdaq and the Dow Jones broke and closed below the daily 200 simple moving average on January 20th. The S&P lagged behind and closed below the daily 200 simple moving average on January 21st. With all three US indices now below this indicator, we need to keep a close eye on the markets. The ideal scenario is for a quick reversal back above the 200 simple moving average and a continuation of the bull trend. If we see further moves to the downside, all is not lost as we may be offered shorting opportunities in weak stocks, but we need to be patient before jumping into any positions for now. This week will be crucial in determining our next move so keep on the lookout for updates on the market. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:SPX
by Sublime_Trading
BTCUSDT Don't be a hero!If you enjoy the idea please leave a like 👍 In my last 2 posts on BTC I've shown a strong bearish bias, as seen in the charts below. First with an idea of bearish continuation of the developing trend and then more recently with the Head and Shoulders idea, looking for a break of the neckline which we've recently seen with a sharp break down of the market, dragging the entire crypto market with it. So now that we've seen a huge drop, where do we expect to go from here? In the H+S idea I listed 30k as a potential target, and I still believe that's reasonable. As the trend continues the risk/reward begins to shift and a relief rally may be coming soon, but it may be short lived. As the title says - don't be a hero! We saw the peak price on the 10th November, and when we zoom out we see a steady decline since. For those looking to go long, what are the odds that you pick the exact bottom here? If you want to be long, I can understand using this as an opportunity to DCA in, or waiting for a rally on shorter timeframes to try and catch a small leg up. But don't enter this market thinking you're going to catch a perfect bottom - it's highly unlikely, and especially if you're using leverage you will likely get burned. Trust the trend. If you're late to the party, there's still further room to run. If you'd rather wait for a pullback before going short there's a decent chance we could see the 38-40k range again in the coming days, but make no mistake - Crypto is in a bear market right now.
Short
by HayeTrading
8
ETH - Come On Bulls!Hello everyone, if you like the idea, do not forget to support with a like and follow. ETH is overall bullish from a long-term perspective trading inside the brown rising channel. ETH is now approaching the lower brown trendline so we will be looking for buy setups. Before we buy, we want the bulls to take over by breaking above the previous major high. on DAILY: ETH is forming a trendline in gray but it is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated, ETH would be overall bearish from a medium-term perspective and can still trade lower till the 2000.0 support in green before going up. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BITSTAMP:ETHUSDLong
by TheSignalyst
28
KCS - Let's Go!Hello everyone, if you like the idea, do not forget to support with a like and follow. KCS is overall bullish trading inside the brown channel. KCS is now approaching the lower brown trendline and 15.0 horizontal support in green, so we will be looking for buy setups. Before buy, we want the bulls to take over by breaking above the previous major high. on DAILY: KCS is forming a trendline in blue but it is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated , KCS would be overall bearish from a medium-term perspective and can still trade lower. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
7
600 points in 5 hours - how?In this short video - 3 minutes - I show how small time frames can be useful if following a trend to best completion. Trend following - the true kind - can deliver far more - than any other system of trading. It depends on your knowledge and skill of course. The video shows 'you' could have extracted close to 600 points in one go. Of course you have to be watching a screen or react to alerts that you set on Tradingview charts. Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
WHSELFINVEST:USTECH100CFD
by Captain_Walker
DAX: Head and Shoulders pictureIt looks like a head and shoulders to me on the 4H time frame, but always debatable. Sentiment changed on this index many days ago, as seen in the 4H ATR line (on this time frame only). This short setup is for true trend followers (not trend continuation). That means it is much higher risk to much higher reward ratios. There are stop losses in trend following, but no predefined exit points. The markets decide the exit. As usual you take your own risk and your own losses. Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
FX:GER30
by Captain_Walker
1