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Trendreversal

BTCUSD - Trend-reversal Today. Price Technical Analysis #70Market in last 24 hrs - BTCUSD price moved almost 9% between between $9,270 and $10,080 - Price at time of publishing: $9,990 - Price crossed important resistance level of $10,000 - BTC’s market cap: $182 Billion Today’s Trend analysis Price should trend downward today. Oscillators are neutral but compared to yesterday many have now flipped to indicate a downward trend. MACD is above 0 but RSI and CCI are in over bought zone, indicating that downward momentum has gained strength and a trend reversal is possible. Another interesting point to notice is the affect of Halving-Hype and the impact of the same on BTC and other Crypto tokens. We are observing an increased trade volume and price volatility . - Downwards today - ‘Oscillator‘ indicators are mostly neutral. RSI is at 71.5 - ‘Moving average‘ indicators indicating buying opportunity. Ichimoku Cloud is neutral ---------------------------------------------------------------------------------------- The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 4 hr candles. DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion. Note: Above analysis would hold true if we do not encounter sudden jump in trade volume . ---------------------------------------------------------------------------------------- If you find the analysis useful, please like and share our ideas with the community! - Mudrex
COINBASE:BTCUSDShort
by Mudrex
4
BTCUSD - Trend Reversal Today. Price Technical Analysis #61Market in last 24 hrs - BTCUSD price moved in a range of +/-100 around yesterday starting price of $7,660 - Price at time of publishing: $7,730 - BTC’s market cap: $149 Billion Today’s Trend analysis Price should see a trend reversal today. Oscillators are mostly neutral but with a stronger bias towards sell side. MACD is indicating a sell opportunity and CCI is in overbought zone. Bears are now gaining control and should act soon. Another interesting point to notice is the correlation between US stock markets (S&P500, etc) and BTC price, which is at currently trending at its all time high. - Downtrend today - ‘Oscillator‘ indicators are mostly neutral. RSI is at 66 - ‘Moving average‘ indicators indicating buying opportunity ---------------------------------------------------------------------------------------- The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 4 hr candles. DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion. Note: Above analysis would hold true if we do not encounter sudden jump in trade volume. ---------------------------------------------------------------------------------------- If you find the analysis useful, please like and share our ideas with the community! - Mudrex
COINBASE:BTCUSDShort
by Mudrex
2
Confirmed Trend Reversal - Needs to Break $7.90 and retest itAll, Upwork is definitely in an uptrend for now on the 1H etc. We have to confirm on a higher timeframe that it holds above $7.90 level with a re test. You of course could get in now, but absolutely make sure your trailing stop loss is 5-10% below the uptrend bottom support. Once it breaks it could be the start of a longer uptrend that could go on for weeks. REMEMBER UPWORK IS A FREELANCING COMPANY. People work from home...
NASDAQ:UPWKLong
by DigitalData
2
Momentum trumps aberrations; gauging power ahead of the resultsA week ahead of the results, the energy-centric company took a toll in lieu of the last trading session's underlying event. However, that doesn't deter the pent up short-cycle orders the company has been reaping on for the last few years. This alone can become a pivot of sustenance against the competitors. Now, pit this sentiment against the global cues of the principal sector and you'll get mammoth of momentum coming up. In this respect, we have spotted a constricted demand and supply zones on a swing time frame. Beyond those, to absorb the volatile triggers on either side, we have spotted two crucial supports and one resistance, synthesized with volume cluster analysis, as the peak potential for this particular idea to be closed on or before the earnings. Further, to capture precise entry's near the marked important levels we are using an Indicator that combines CCI limits with ATR smoothening. Open to interpretation this back-handed trick can open several interesting opportunities.
NSE:SIEMENS
by AdarshMotwani
Retest of Key Support LevelsLet me be clear that I am still overall BULLISH on gold in the long term. With the recent high volume of buying we've seen over the past few days, the rally is not being able to sustain and has slowed down immensely around the 1710-1730 levels. It has formed a top at these price levels. The buyers are slowing down and I expect a brief trend reversal to the downside to retest one of these key support levels, most likely 1680 or 1645, before breaking back to the upside. The upward trend shown by the red line is indicating that price is close to breaking this trend line. Thoughts? Make sure to follow for more!
OANDA:XAUUSDShort
by PerryWave
7
Western Digital.. Reversing Trend after $50? Short of the Year?Ok looking at the monthly where this is sitting at could definitely have some massive gains for the next WHILE. I personally think this may rally to $50, but after that if it can't hold this could completely break under and once it does... oh boy you could see a downtrend for .. well a while. Let me know your thoughts. This will be a long LASTING trade .. I am not long except for this potential rally. Trade position assuming it does drop out the bottom sooner than expected. IF it doesn't rally a short could be in play extremely soon.
NASDAQ:WDC
by DigitalData
2
Are we seeing signs of a trend reversal on EURGBP?I believe it's possible for us to see a trend reversal soon, but I cannot yet tell, what I can tell is that we are likely to see a small bounce off of this level. We have some strong support right below it, which I believe we will be hitting soon before bouncing from. What we could see right after is big green candles with big volumes, which would be one of the many indicators that we will have to look for to confirm a trend reversal. Leave any thoughts below on the comments. cheers, tonite
by tonite
AMC Bullish Divergence Potential, but watch the news.NYSE:AMC NYSE:DOW TVC:DJI TVC:NYA All, I am following AMC rather closely, but wanted to post again to cover something I see happening. I am seeing a bullish divergence on the weekly and along with that it has tested support where it current is 3 times. However, in my previous post there are some very strong resistance lines. I can see it making a decent run to $2.40-$3.15. Like I said thought if you are not buying options I think this is a great buy. I highly doubt anyone will let AMC go bankrupt. I actually stand by AMC as a movie, buff nerd and I really think most people will also. Sure they may over charge for popcorn LOL. I think before they go bankrupt they would sell to someone or a big name bank like Chase/Wells Fargo which would not be a bad thing either or some sort of deal. It's a strong industry, maybe not worth as much as airlines or things of that nature, but just my opinion. Not saying it can't drop lower but come 2021 on a long or long term option you should see profits IMO. Reasons to buy: -What I said above -Oversold on basically every timeframe Daily - Monthly -Bullish divergence possible about to happen unless some crazy virus news comes out and busineses are shut down till July. -Coronavirus checks are coming in first wave people may be recouping money and trying to invest in the market to make up for losses -Even if going "bankrupt", they are not the same. A company going bankrupt to due to the coronavirus is perfectly fine IMO in a company like AMC. They literally only make money from people coming in. So any investor or bank will come in and buy AMC and it will take off again seeing as virus is at fault. Also the government can bail them out. -Businesses will be getting relief wave 1-2 soon Reasons to wait or buy a different stock: -News they could go bankrupt if they stay closed for too long (kind of the case for every company) -Virus timeline is uncertain (could drop 1-2 range) -Volume may not be there with the news above so even if it does go up it may be in a drastically lower volume and take longer for a while to pump -Not a long term buyer month+ and want to make other investments for quicker profits.
NYSE:AMCLong
by DigitalData
Bitcoin Technical Analysis - Trend Reversal on the way?Hey everyone, As you can see on the chart, we got rejected at the 50% level, which is one of the most important levels in any trend, and if this current pullback is bigger than the biggest pullback we have had, that could be a sign of a trend reversal. Right before the rejection, we saw signs of a weak rally, as we pulled back, went back up, but right after we crossed the peak of the last wave, we had a secondary pullback. There is still a possibility that this is just another pullback and we will break 50% comfortably in the next move, but we can't forget that we've broken the trendline The levels on the chart are Gann levels, and not Fibonacci cheers, tonite
BITSTAMP:BTCUSD
by tonite
Who like Rainbows & Trends?Simple Strategy utilizing 3 Simple MA Channels Simple Moving Average Channel Settings ------------------------------------------------------------------------ First Channel: | 70, High | Colors: 70, Close | Green w/Red Borders for Up and Red w/ Green Borders for Down 70, Low | ------------------------------------------------------------------------ First Channel: | 233, High | Colors: 233, Close | Orange w/ Blue Borders for Up and Blue w/ Orange Borders for Down 233, Low | ------------------------------------------------------------------------ First Channel: | 610, High | Colors: 610, Close | Magenta w/ Yellow Borders for Up and Yellow w/ Magenta Borders for Down 610, Low | ------------------------------------------------------------------------ Momentum Settings ThreshHold is Set to level 0.0 Up Trend ThreshHold is set to 0.00100 Down Trend ThreshHold is set to -0.00100 ------------------------------------------------------------------------ First Mementum: | 34, Close | Colors: | Green when >= Threshold 0.00100 & Red when < Threshhold 0.00100 ------------------------------------------------------------------------ First Mementum: | 233, Close | Colors: | Orange when >= Threshold 0.00100 & Blue when < Threshhold 0.00100 ------------------------------------------------------------------------ First Mementum: | 610, Close | Colors: | Magenta when >= Threshold 0.00100 & Yellow when < Threshhold 0.00100 ------------------------------------------------------------------------ We use the MAs to determine when we are reversing. We use the Momentum(s) to determine when we are consolidating on what time frame and to confirm moves. Use at your own discression, but I myself get over 100 pips most days from this strat. If you need the Code for these custom Indicators, let me know and I'd be happy to help.
Education
by RagingSniper
Double MA ChannelsSimple strategy using 2 Simple Moving Averages channels, Momentum and ADX with Directional Movement First Channel: 70, High 70, Low 70, Close Second Channel: 144, High 144, Low 144, Close Momentum: 34 ADX: 14, 20 To use this strategy please refer to link related to previous post. The SMA 144 channel is used to determine the strength of a trend. Kind of like Bollinger Bands, the 144 will move farther or closer to the 70 depending on the strength of the trend. It's goo to tell you if you have incoming consolidation.
Education
by RagingSniper
Apple Full Trend Reversal W/ MA?NASDAQ:AAPL Apple might be in the middle of a full on reversal from this massive drop it's been on for awhile now. Follow the 20/50/150/200 MA from 1 minute all the way up to 1 hour chart and notice how they are all reversing trend. The key now is to follow the 2H-4H today maybe more to see if they complete the reversal on the 50 passing over the 150 etc. Could be an amazing sign for Apple. If it gets stuck though the downside would be a big sell off. I think Apple is bullish and people want it to be bullish in the market so my hopes are directed that way. Also is was massively oversold since Feb. Thoughts? Do you due diligence as always and make sure to keep up to date with all the market news and pre market buzz concerning the overall market and virus.
NASDAQ:AAPLLong
by DigitalData
6
Bears vs. Bulls - ConsolidatingSimple Triple 70 MA with Momentum and ADX Bears and Bulls are struggling for the lead as we're seeing consolidation in EUR/USD. Be sure to check your work on this one as we could see a possible reversal in the near future. However, for now, make sure if you've taken a Long position earlier today to stay in and don't fall for consolidation until you have confirmation from multiple sources. We could see a reversal and go down OR we could see another upward impulse move giving you more profit. Be sure tho, to mark your Stop Losses to maximize your profits. Want to know more about the strategy? See the Linked Post
Education
by RagingSniper
Reversal or Continuation? Thoughts?Simple strategy using: Simple Moving Average: 70, High Simple Moving Average: 70, Low Simple Moving Average: 70, Close Momentum: 34, Close ADX w/ +DM & -DM: 14, Threshold 20 We use the Simple Moving Averages channel to determine if we have a Long or Short Signal. The Momentum indicator is used as a confirmation indicator to confirm if we have a trend starting We use the ADX indicator with both Positive and Negative Movement to determine both the Direction and the Strength of said trend. We also use it to confirm if the pair is Consolidating or not. Here are the Rules: Long entry: Closing Price must cross above High MA AND Momentum must be above 100% level You can also use the ADX to determine the strength of the trend and when you should be pulling your trades out. Long Exit: You should be pulling out if you see consolidation or whenever you feel confortable. This is mainly a personal preference. I personally prefer pulling out after about 50 pips and I'm seeing a lot of consolidation. Short Entry: Closing Price Must be Crossing under the Low MA AND Momentum must be falling below 100% level Short Exit: Refer to Long Exit. If you have any questions, comments or ideas on improvements, feel free to leave a comment or send me a PM.
Education
by RagingSniper
2