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BTC - 4hr chart with 2 Pitchforks and a cloudBTC is below its Bollinger Bands Middle Band Basis 20 Period SMA for this 4hr timeframe. Note that the Upper Bollinger Band is moving downwards and the Lower Bollinger Band is starting to curve upwards indicating volatility has slowed on this 4hr timeframe. At the moment BTC is back ABOVE its Least Squares Moving Average (LSMA) for this 4hr timeframe. A successful close ABOVE the LSMA is crucial for a recovery. BTC has found support from its support level at around $56,540. BTC has bounced off this level before on the 28th Oct 2021. BTC needs to stay above this support level, failure to do so will prob lead to a drop to the 2 support line at around $52,900. Using the Ichimoku Cloud Settings of 20,60,120,30 but note time only using the cloud portion, we can see that BTC is in the Bearish Zone of the Ichimoku Cloud for this 4hr timeframe. Note that we have had a Cloud (Kumo) Twist, the Leading Span A (Senkou Span A) has crossed back UNDER the Leading Span B (Senkou Span B) creating a new Red Bearish Cloud for this 4hr timeframe. Note that both Leading Spans are pointing downwards at the moment. Volume has increased on this Binance 4hr chart and note that the last 5 Volume Bars have been ABOVE its Volume 20 Period Moving Average. BTC is BELOW its Volume Profile Fixed Range Point of Control (VPFR POC) for the fixed range of 5 4hr candles that i have selected. BTC is also BELOW its Volume Profile Visible Range Point of Control (VPVR POC) for this chart’s visible range. BTC has 2 potential Pitchfork directions on this 4hr chart. BTC needs to CLOSE this 4hr candle ABOVE its descending Pitchfork Pattern Median Line (Black A,B,C). If BTC closes above the descending Pitchfork Median Line then we may see BTC follow an upwards or sideways trajectory following the ascending Pitchfork Pattern (Red A,B,C). The Average Directional Index (ADX DI) is showing a strong trend with the ADX (Orange Line) at 38.32 and ABOVE its 9 Period EMA (Black Line) which is at 34.04. The +DI (Green Line) has dropped to 7.71 and the -DI (Red Line) has risen to 31.62 indicating Negative Momentum is stronger than Positive Momentum on this 4hr timeframe. We need the +DI (Green Line) to cross back ABOVE the -DI (Red Line) on this 4hr timeframe for any upwards recovery to hold. The Moving Average Convergence Divergence (MACD) is indicating negative momentum, note that the MACD Line (Blue Line) is BELOW its Signal Line (Orange Line) and is also BELOW its 0.0 Base Line in the Negative Zone. Note that we also have increasing Red Histograms. Even if the MACD Line (Blue Line) crosses back above the Signal Line (Orange Line) we still need the MACD Line (Blue Line) to cross back over and ABOVE the 0.0 Base Line into the Positive Zone for any longterm BTC recovery to become sustainable. It should be an interesting weekend for BTC. I hope this is helpful with your trading and hodl-ing. Notes: LSMA = Black Squiggly Line on chart. Bollinger Bands = Grey Bands on chart. Support and Resistance Lines = Horizontal Black Dashed Lines on chart. VPFR POC = Short Horizontal Red Line on chart. VPVR POC = Long Horizontal Red Line on chart. Descending Pitchfork = Black A,B,C Pattern on chart. Ascending Pitchfork = Red A,B,C Pattern on chart. Volume MA = Orange Line going through Volume Bars on chart.
BITSTAMP:BTCUSD
by entertheroach
2
BTC Elliott waves prediction for next months (expanded flat)Since 65k top in April 2021 we made a severe correction to 30k as an ABC , since then we pumped to 40k as an A then we corrected as a B and then we started a five waves up as a C. We can see that wave iii is more than 1.618 of wave 1 and if we analyze wave iii we can see that waves proportion are respected (3 isnt the smallest wave) and that wave 4 is a triangle that gave us an accurate target for wave 5 of iii, now we are retracing to the 0.382 0.5 region: the low 50k (typical for a fourth wave) that is top of wave i and bottom of the upper range based on VPVR Then we will pump to the 75k region (wave v is 0.618 of wave i+iii) After that we will retrace to 45 35k (hard to tell where it will stop) to end macro wave 4 as an expanded flat and then start wave 5.
BYBIT:BTCUSD.P
by OthmaneAo
Bearish crossover on 4hr will we retest the 61000Tenkan-sen just crossed over the Kijun-sen on the ichimoku, indicating further downside. As noted in my previous charts the 62300 level will confirm the markets trend to continue down to the support at lower levels or reverse price action. We begin to push into the EMA ribbon here at the 63000 level which could provide some reversal action on the lower time frames for traders. The VPVR is still showing volume support at 61000. Good luck to all. Please like and follow.
COINBASE:BTCUSDShort
by RickSanchez187
BTCUSD in consolidation after bullish impulse We can always expect a SFP for BTC during a push from the ALTS. Currently consolidating with upside potential. The SFP is common in uptrends as well as downtrends. We do not know if the possibility of lower prices will arise but we can prepare for it in case there is a chance. A daily close below 53200 would confirm a reversal on the daily timeframe. We would love to get acceptance above 66289 and consolidate shortly. Targets are 71889 and 77213 if we get there too soon. On the off chance to get to 80950 this month. In this case we should expect a rejection. TA on BTCUSD this time, other ideas to follow. Stay tuned for more. The future is automation and Flip Safari is a Bot renting platform designed to diversify your portfolio. Our BOTS renting platform is launching soon and this TA was a hybrid between a bot and an analyst. Please comment, like and follow if you found this idea helpful. Website coming soon!
BITSTAMP:BTCUSDLong
by Flip_Safari
BTC - Potential Price Prediction/Education using Ichimoku = $94KLet’s have a look at the BTC 1d chart using the Ichimoku Cloud system with the 20,60,120,30 settings. Note that BTC is still in the Bullish Zone of the Ichimoku Cloud System. The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating that the mid point of the short-term momentum is sideways at the moment. The Ichimoku Cloud Base Line (Kijun Sen) is indicating that the mid point of the mid-term momentum is sideways at the moment. Note that the Conversion Line (Tenkan Sen) is still above the Base Line (Kijun Sen) on this 1d timeframe. The Ichimoku Cloud Lagging Span (Chikou Span) is indicating that momentum at the moment is upwards. It’s important to note that the Lagging Span (Chikou Span) is still safely ABOVE the price from 30 Period ago. Note that BTC is still above its Conversion Line (Tenkan Sen) on this 1d timeframe. A daily close back ABOVE this level will be crucial for continued upwards momentum. Note that the Ichimoku Cloud Leading Span A (Senkou Span A) and Leading Span B (Senkou Span B) are both moving sideways. Using the Ichimoku Wave Analysis we could possibly be witnessing an N WAVE (A,B,C,D) on this 1d timeframe. Using the Ichimoku Price Analysis, there are 4 calculations that can be used for POTENTIAL price targets, those are V, E, N and NT. For this chart I’m using E Calculation. If C is the bottom, we can take the pips or range from A to B, add that to B & that give us our target D, which is a price range target of around $94,000 give or take. Note that we need a successful break ABOVE the B neckline of the E pattern! This is absolutely crucial for this E Calculation predication to become true. If BTC cannot break above the B Neckline, then this predication will turn out to be false. This Calculation is called E because as you can see, it’s in the shape of an E ;-). A few other notes: At the momentum of typing this, BTC is above its Volume Profile Visible Range Point of Control (VPVR POC) for this charts visible range. BTC is back above its Volume Profile Fixed Range Point of Control (VPFR POC) for the fixed range of 9 daily candle that i have selected. A daily candle CLOSE back ABOVE this level is crucial. Note that Volume has increased and both yesterday and today’s Volume Bars are back ABOVE its 20 Period Moving Average. I have added a Schiff Pitchfork Pattern (1,2,3), as you can clearly see, BTC found strong support from its Schiff Pitchfork Median Line. At the moment of typing this, BTC is back above its Upper Yellow Support Line and found some resistance from its Upper Green Resistance Line. For many of you, this will be the first time that you've seen the Ichimoku Wave and Price analysis so i hope you enjoyed it, the Ichimoku Kinko Hyo or Ichimoku Cloud is a complete trading system, it is so much more than just the Cloud Indicator, it has its own Timespan, Wave and Price Theory which i will plan to go more in-depth on in a later post if people are interested. I decided to do something different tonight and introduce a tiny bit of Ichimoku Kinko Hyo Wave and Price Theory so I hope this quick chart is helpful with your trading and hodl-ing.
BITSTAMP:BTCUSD
by entertheroach
9
Ethereum - 1d chart analysisETH is in a Rising Wedge Pattern on this 1d timeframe. A Rising Wedge Pattern is a Bearish Chart Pattern. ETH needs to invalidate this Bearish Pattern. At the moment of typing this, ETH is still above its Bollinger Bands Middle Band Basis 20 Period SMA. At the moment, ETH is below its Least Squares Moving Average (LSMA) on this 1d timeframe. Note that a close below the LSMA and a successful retest as resistance is a potential sell signal for this indicator. ETH is still above its VPFR POC for the fixed range of 13 daily candle that i have selected. Note that ETH is also still above its VPVR POC for this charts visible range. Volume is low on this Binance chart & note that the Volume Bars have been decreasing in size and also note that the last two Volume Bars have been below its Volume 20 Period Moving Average. The Average Directional Index (ADX DI) is indicating the trend strength is strong with the ADX (Orange Line) at 27.18 and still safely above its 9 Period EMA (White Line) which is at 23.30. The +DI (Green Line) has dropped to 18.61 and the -DI (Red Line) has also dropped to 7.24. This indicates that while Positive Momentum has dropped, Negative Momentum has also dropped. The OnBalanceVolume (OBV) is indicating positive momentum has dropped. Note that the OBV (Blue Line) has dropped below its 9 Period EMA (Orange Line) indicating a weakening of positive momentum. The OBV (Blue Line) needs to stay above the Ascending Dashed Line, if the OBV cannot stay above this line, then ETH will drop out of its Rising Wedge Pattern to the downside. If the OBV (Blue Line) breaks back above the 9 Period EMA (Orange Line) then we may see ETH invalidate the Rising Wedge Pattern. ETH needs to invalidate the Rising Wedge Pattern. If ETH cannot invalidate this bearish pattern & if it eventually drops downwards out of the Rising Wedge, the VPFR POC and Bollinger Bands Middle Band may become a crucial support levels. If the BB Middle Band fails as support, then ETH may drop to its 50EMA level. As always, we also need to keep an eye on what BTC is doing. It should be a very interesting week for ETH. This is my very first Ethereum chart post, so I hope this is helpful with your Trading and Hodl-ing. Notes: LSMA = White dots on chart 50EMA = Yellow dots on chart Bollinger Bands = Grey bands on chart VPFR POC = Short horizontal red line on chart VPVR POC = Long horizontal red line on chart Rising Wedge = Ascending converging dashed lines on chart Volume MA = Orange Line going through Volume Bars on chart
BINANCE:ETHUSD
by entertheroach
1
BTC longterm 1w chart analysisBTC has invalidated its very long Descending Triangle indicated by the 2 large black dashed lines. BTC is still in its Longterm Upwards Pitchfork Pattern on this 1w timeframe, note that BTC is back above the Pitchfork Median Line (The Thin Dashed Line) on this 1w timeframe. BTC is still safely above its 50EMA on this 1w timeframe. BTC is still above its Least Squares Moving Average (LSMA) on this 1w timeframe. At the moment, BTC is still above its Bollinger Band Middle Band Basis 20 Period SMA and also still above its Upper Band. Note that we have had expansion of the Bollinger Bands Upper and Lower Bands and the Middle Band is sloping upwards on this 1w timeframe. Note that BTC is above its Volume Profile Fixed Range POC for the fixed range of 4 weekly candle that i have selected. Note that BTC is still above its Volume Profile Visible Range POC for this charts visible range. Volume is worryingly low on this Bitstamp 1w chart compared to what BTC was getting in Dec 2020 to Jan 2021. Note that the last 22 weekly Volume Bars have been below its Volume 20 Period Moving Average. This is something to keep an eye on. For your viewing pleasure, i have added various support and resistance areas indicated by the black parallel lines with yellow shading. You can clearly see the interaction with these various areas. The Average Directional Index (ADX DI) is showing that the trend strength is strong on this 1w timeframe with the ADX (Orange Line) at 23.45 and is curving upwards and is getting very close to crossing back over and above its 9 Period EMA (Black Line) which is at 26.02. We have an increase in Positive Momentum with the +DI (Green Line) at 29.12. The -DI (Red Line) has also continued to drop to 14.13 indicating Negative Momentum has dropped. If the ADX (Orange Line) crosses back over the 9 Period EMA (Black Line) and stays above it, we can expect continued upwards momentum on this weekly timeframe so long as the +DI (Green Line) stays above the -DI (Red Line). The OnBalanceVolume (OBV) is showing strong upwards momentum and note that the OBV (Blue Line) is still above its 9 Period EMA (Orange Line) for this 1w timeframe. Using the OBV indicator, the OBV line needs to stay above the Ascending Dashed Line, the 9 period EMA and the Horizontal Dashed Line. The OBV also needs to break above its Ascending Dotted Line which when combined with the Ascending Dashed Line actually looks like an Ascending Wedge on the OBV indicator. This is something to keep an eye on. A few scenarios to think about: 1: BTC may continue to walk up the Upper Bollinger Band like we saw before from the week of 19th Oct 2020 up until the week of the 15th Feb 2021. 2: BTC may consolidate sideways within a range between its new ATH and its 2nd support and resistance area before continuing upwards. 3: BTC may drop back to either its VPVR POC or its VPFR POC as potential support levels. 4: BTC may drop back to its LSMA as a potential support. 5: BTC may drop back under the Bollinger Bands Upper Band, consolidate above the Middle Band and then continue upwards. 6: BTC may drop back to its Bollinger Bands Middle Band as potential support. 7: BTC may drop back to its 50EMA (which is a worse case scenario but unlikely at the moment). The volume shown on this chart doesn’t take into account volume from other exchanges, but we need to keep an eye on the Volume Bars and whether or not the Volume Bars can cross back above its Volume 20 Period SMA on this 1w timeframe. We also need to keep an eye on whether or not the ADX can cross back above the 9 Period EMA as well as what I’ve mentioned above regarding the OBV indicator. We also need to keep an eye on how BTC closes this weekly candle. Here is a wider view of this longterm 1w chart. Note that this post is just focusing on the very longterm and not taking into consideration or analysing what is happening on lower timeframes, which you should be doing. I hope this is helpful with your trading and hodl-ing.
BITSTAMP:BTCUSD
by entertheroach
4
Bitcoin analysis in Daily Chart, Fibonacci Levels and Trend LineHello traders! I bring you this Bitcoin technical analysis after a couple of weeks when news made an impact in the market in general, but specially in Crypto. El Salvador adopting Bitcoin as legal tender, and later on the Evergrande situation. But after taking mid or long term decisions, we need to see the bigger picture. First of all, the important levels to consider - 40500 - Support level being tested, it matches with 50% Fibonacci Retracement - 34200 - Volume Profile´s most important level - 49000 - Next importante resistance By this time the daily candle is leaving a large wick, that may mean the end of the pullback. Although there isn't a big volume yet, we should wait for confirmation. The rsi is also testing a support level, after showing bearsish divergence in past few days. So if this levels are respected, and we see a bounce on price and in the oscillator, the uptrend may go on. Then we would have to take a look at the resistance in 49 - 51 k, and in the downtrend line (the biggest green line), and see if the price is rejected. In the bearish scenario (what we always have to consider) we can see a lower high made in September 6, after the higher highs between april and may. So its important for the price to break the resistances ahead, otherwise it might be the beginning of a bear market. This is not a financial advice, always do your own analysis, and always manage your risk in every position you open. If you have any opinions of this analysis, please leave it in the comments, I'll appreciate it.
by Trading_Solutions_
3
2021.09.29 VWAP + Volume Gap I am not able to conclude anything but 1. there are 3 huge gap/demand in traded BTC volume - Gap 2,3 are to be filled but no one is going to get hurt - if Gap 1 is going to be filled, there must be a big dump to reach the level. 2. Bulls that accumulates BTC after 2021.1.1 are at even at this point 3. Bulls that accumulate after 21.7.1 are in deficit 4. Bulls that accumulate from the capitulation are at even *Please feel free to share your ideas on mine I see vwap as the avg.price of a trader who start at a certain point of time then participate every transaction as a same portion of his/her fund to the volume traded.
BITMEX:BTCUSD.PLong
by ChartistQ
VeChain - still in its Symmetrical TriangleVeChain is still within its massive Symmetrical Triangle on this 1d timeframe. Note that VET is still ABOVE its Longterm Upwards trend-line. Note that VET is back ABOVE its Least Squares Moving Average (LSMA) on this 1d timeframe. VET is still below its Bollinger Bands Middle Band Basis 20 Period SMA. Note that the Lower Band is moving upwards indicating weakening volatility and a possible Bollinger Bands Squeeze/Pinch. Volume on Binance has decreased and note that the last 4 Volume Bars have been below its Volume 20 Period Moving Average. VET is back above its Volume Profile Fixed Range Point of Control (VPFR POC) for the fixed range of 4 daily candles that i have selected. VET is still below its Volume Profile Visible Range Point of Control (VPVR POC) for this charts visible range. If we look at the On Balance Volume (OBV) the OBV (Blue Line) has increased but note that it is still under its 9 Period EMA (Orange Line). If you are waiting for confirmation of renewed upwards momentum STRENGTH then you need the OBV (Blue Line) to cross back above the 9 Period EMA (Orange Line) and stay above it. The Average Directional Index (ADX DI) is indicating the trend strength has increased with the ADX (Orange Line) at 32.49 and ABOVE its 9 Period EMA (Black Line) which is at 30.46. The -DI (Red Line) has increased to 26.70 and the +DI (Green Line) has dropped to 10.52. This tells me that Negative Momentum has increased and Positive Momentum has decreased on this 1d timeframe. The Moving Average Convergence Divergence (MACD) is indicating VET still has a very long way to go on this 1d timeframe before we see the MACD Line (Blue Line) cross back over the Signal Line (Orange Line). Note that we do have lessoning Histograms but note that the MACD Line (Blue Line) is still under the 0.0 Base Line and it is still in the Negative Zone. The ascending trend-Line of the Symmetrical Triangle is a major support level. If VET ends up dropping more, a good spot to buy extra VET would be around $0.076 - $0.069. I wouldn’t get excited until VET crosses and closes a daily candle back ABOVE the Descending trend-line of the Symmetrical Triangle and turns it into strong support. Also, be on the lookout for when the OBV (Blue Line) crosses back above the 9 Period EMA (Orange Line) as well as a CLOSE back ABOVE the Bollinger Bands Middle Band Basis on this 1d timeframe. Here is a closer look at this 1d chart. I hope this is helpful with your trading and hodl-ing. Notes: Symmetrical Triangle = Black Lines on Chart Longterm Upwards Trend-line = Dashed Line on chart LSMA = Black Squiggly Line on Chart Bollinger Bands = Grey Bands on Chart VPVR POC = Long Horizontal Red Line on Chart VPFR POC = Short Horizontal red Line on Chart Volume = Red and Green Bars bottom of Chart. Volume MA = Orange Line going through Volume Bars bottom of Chart.
BINANCE:VETUSD
by entertheroach
5
ADA - 1d chart updateADA is still in a Descending Triangle on the Daily Chart. Note that a descending triangle is a bearish pattern. ADA needs to break back above the descending trend-line for renewed upwards momentum. ADA is fighing to stay above its Bollinger Bands Middle Band Basis 20 Period SMA. ADA is back above its Least Squares Moving Average (LSMA) for this 1d timeframe. A candle above the LSMA is considered a buy signal for traders who use this indicator. Today’s Binance Volume is lower than yesterday’s and note that the Volume Bar is back under its Volume 20 Period Moving Average. ADA is still below its Volume Profile Visible Range Point of Control (VPVR POC) for this charts visible range. ADA is back above its Volume Profile Fixed Range Point of Control (VPFR POC) for the fixed range of 5 daily candles i have selected. If we look at the On Balance Volume (OBV) the OBV (Blue Line) has increased but note that it is still under its 9 Period EMA (Orange Line). If you are waiting for confirmation of renewed upwards momentum then you need the OBV (Blue Line) to cross back above the 9 Period EMA (Orange Line) and stay above. The Average Directional Index (ADX DI) is indicating the trend strength has dropped with the ADX (Orange Line) at 29.83 still below its 9 Period EMA (Black Line) which is at 32.67. The -DI (Red Line) has dropped to 17.92 and the +DI (Green Line) has dropped to 13.18. This tells me that both Negative Momentum and Positive Momentum has dropped and that the trend strength is still uncertain until the ADX (Orange Line) crosses back above the 9 Period EMA (Black Line) on the id timeframe. The Moving Average Convergence Divergence (MACD) is indicating ADA still has a while to go on this 1d timeframe before we see the MACD Line (Blue Line) cross back over the Signal Line (Orange Line). Note that we do have lessoning Histograms but note that the MACD Line (Blue Line) is still under the 0.0 Base Line in the Negative Zone. The Descending Trend-Line of the Descending Triangle is a major resistance level. I wouldn’t get excited until ADA crosses and CLOSESs a daily candle ABOVE this level, and unless the OBV (Blue Line) crosses back above the 9 Period EMA (Orange Line) on this 1d timeframe, then ADA will continue to create Lower Highs. I hope this is helpful with your trading and hodl-ing. Notes: Descending Triangle = Dashed Lines on Chart LSMA = Black Squiggly Line on Chart Bollinger Bands = Grey Bands on Chart VPVR POC = Long Horizontal Red Line on Chart VPFR POC = Short Horizontal red Line on Chart Volume = Red and Green Bars bottom of Chart. Volume MA = Orange Line going through Volume Bars bottom of Chart.
BINANCE:ADAUSD
by entertheroach
6
VeChain - Longterm Weekly Chart AnalysisLet’s have a look at the weekly chart for the most criminally undervalued crypto EVER. A Blockchain that is actually being USED by some of the words top companies and has a client base that would make any corporate jealous & salivate with envy. It HAS and IS everything every other Blockchain wishes it was. Worthy of note it that the behemoth PwC is an actual shareholder! I’m talking of course about VeChain. VET is below its Bollinger Bands Middle Band Basis 20 Period SMA. A weekly CLOSE ABOVE this level is crucial. VET is still above its 50EMA on this 1W timeframe. VET is still above its Least Squares Moving Average (LSMA) and note that the last weekly candle bounced off the LSMA as support. Note that overall Volume is still relatively low and the last 16 weekly Volume Bars have been below its Volume 20 Period Moving Average. VET is still above its Volume Profile Visible Range Point of Control (VPVR POC) for this charts Visible Range. VET is below its Volume Profile Fixed Range Point of Control (VPFR POC) for the fixed range of 9 Weekly Candles that i have selected. A weekly Candle CLOSE ABOVE this POC is crucial. I have added a few support and resistance areas. At the moment, VET has found some support from its lower support area located at around $0.107 - $0.113 . A weekly CLOSE ABOVE the support are is crucial but not the end of the world if we don’t as there is still a lot of support below. Note that VET is in a massive Symmetrical Triangle on this weekly timeframe. Note that the APEX is around the week of the 13th December. The Moving Average Convergence Diveragnce (MACD) is indicating momentum is downwards at the moment and note that the MACD Line (Blue Line) has crossed back under its Signal Line (Orange Line) creating a Red Histogram. Note however that the MACD Line (Blue Line) is still above the 0.0 Base Line in the Positive Zone. A drop below the 0.0 basle line on this 1W timeframe will be very bad so its crucial VET stays above the 0.0 base line in the positive zone. The On Balance Volume (OBV) is indicating momentum is downwards within a range at the moment. Note that the OBV (Blue Line) is below its 9 Period EMA (Yellow Line). We need the OBV (Blue Line) to cross back above the 9 Period EMA (Yellow Line) as well as break back ABOVE the dotted line at around 162.8B and then at around 163.72B for upwards momentum confirmation. The OBV indicator needs to stay above the 160.079B level. Looking at this longterm chart, even if VET does drop lower, it would still be in a longterm uptrend so long as VET CLOSES ABOVE its Longterm Trend-Line (Dashed Line). Unless BTC massively shits the bed again down to $28k then VET won’t drop to $0.07 but VET may possibly drop to $0.099 - $0.0934 if downwards pressure continues and VET cannot make a higher low or higher high next week. Hopefully, after the release of POA2.0, we’ll see VeChain added onto other major exchanges & platforms like Kraken, Coinbase, Phemex, eToro and Bitstamp which will bring much needed liquidity and exposure. I mean FFS, if ShibaInu & Dogecoin are good enough for Coinbase & eToro, surely VET must be. ;-) I hope this is helpful with your Trading and Hodl-ing. Notes for those who don’t know: LSMA = Black Squiggly Line on Chart 50EMA = Yellow Squiggly Line on Chart Bollinger Bands = Grey Bands on Chart Longterm Trend-Line = Dashed Line on Chart VPVR POC = Long Horizontal Red Line on Chart VPFR POC = Short Horizontal Red Line on Chart Volume Bars = Green and Red Bars Bottom of Chart Volume 20 Period MA = Blue Line going through Volume Bars on Chart Support and Resistance Areas = Black Lines with Yellow Shading on Chart Symmetrical Triangle = Ascending dn Descending Trend-Lines
BINANCE:VETUSD
by entertheroach
8
ADA - Keep an eye on the MACD 1D timeframeADA is still below its Bollinger Bands Middle Band Basis 20 Period SMA. Note that we have had expansion of the Lower Bollinger Band. ADA is below its Least Squares Moving Average (LSMA) fo this 1D timeframe. Note that ADA has also found some resistance at this level. ADA is still ranging sideways within a support/resistance area. Using the 20,60,120,30 settings note that ADA is still in the Bullish Zone of the Ichimoku Cloud. The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating the mid-point of the short term momentum is sideways at the moment. Note that ADA is below this level. The Ichimoku Cloud Base Line (Kijun Sen) is indicating the mid-point of the mid-term momentum is sideways at the moment, The Ichimoku Cloud Lagging Span (Chikou Span) is indicating momentum is downwards at the moment. Note that The Lagging Span (Chikou Span) is inside the price from 30 periods ago indicating uncertainty at the moment. Volume is still relatively low on this 1D timeframe, note that the last 5 daily Volume Bars have been under its Volume 20 Period MA. The Average Directional Index (ADX DI) is indicating the trend strength has dropped with the ADX (Orange Line) at 32.86 below its 9 Period EMA (Black Line) which is at 39.50. The -DI (Red Line) has increased slightly to 19.00 and the +DI (Green Line) has dropped to 13.78. This indicates that Negative Momentum is still stronger than Positive Momentum on this 1D timeframe. The Moving Average Convergence Divergence (MACD) is one to keep an eye on. Note that the MACD Line (Blue Line) is still below its Signal Line (Orange Line). If the MACD Line (Blue Line) drops below the 0.0 Base Line then we may see a big drop in price on this 1D timeframe. Note that the Red Histogram has been decreasing in size so a drop is not set in stone yet. So what is all this telling me………… at the moment there is uncertainty in the air for ADA, if the MACD Line (Blue Line) crosses under the 0.0 base line then we may possibly see a big drop as that may also bring the Lagging Span (Chikou Span) under the price from 30 Period ago, if this happens then the price may drop the price under its support/resistance zone turning that area into resistance. If there is a drop, ADA will possible drop as far as its Ichimoku cloud Base Line (Kijun Sen) level or Leading Span A (Senkou Span A) support levels.. So the MACD Line (Blue Line), Ichimoku Cloud Lagging Span (Chikou Span) and the upper Support/Resistance area are crucial to watch on this 1D timeframe as there may be opportunities to acquire ADA at a cheaper price. I hope this is helpful with your Trading and Hodl-ing.
BINANCE:ADAUSD
by entertheroach
VeChain - 4hr Chart UpdateVeChain 4hr Chart Update As usual with the massive Longs Liquidation yesterday, our beloved VeChain got hit with one of the worst drops compared to other assets, basically erasing all the gains from 31st August. More on this later. VET is still within its upwards Pitchfork Pattern (A,B,C), it actually dropped all the way to its lower blue support line and bounced back up. VET eventually needs to make it back ABOVE the Pitchfork Median Line. VET is below its 50EMA on this 4hr timeframe. VET is below its 200EMA for this 4hr timeframe. At the moment of typing this, VET has found some resistance from its Least Squares Moving Average (LSMA) Level. We need a successful 4hr candle CLOSE ABOVE this level for continued upwards momentum. VET is way below its Bollinger Bands Middle Band Basis 20 Period SMA, we have had massive expansion of the Upper and Lower Bands but note that the Upper Band is starting to point downwards and the Lower Band is starting to curve around indicating we may see some consolidation and reduce volatility. VET is still above the Volume Profile Visible Range Point of Control (VPVR POC) for this charts visible range. VET is back above its Volume Profile Fixed Range Point of Control (VPFR POC) for the Fixed range of 10x 4hr Candles that i have selected. We have seen increased Volume on this 4hr timeframe and note that the last 2 4hr Volume Bars have closed green and above its Volume 20 Period MA. The Average Directional Index (ADX DI) is indicating the trend strength is strong with the ADX (Orange Line) at 45.40 above its 9 Period EMA (Black Line) which is at 40.72. Note that the +DI (Green Line) is pointing upwards at 9.94 and the -DI (Red Line) is pointing downwards at 37.29. This tells me that while Negative Momentum is strong, it has lost some momentum and Positive Momentum is starting to increase. We need the +DI (Green Line) to cross back over and ABOVE the -DI (Red Line) for renewed positive upwards momentum strength. The Chaikin Money Flow (CMF) is indicating that VET is back in the Accumulation Zone. Note that the CMF (Green Line) is below its Least Squares Moving Average (LSMA) which shows a lack of accumulation strength. We need the CMF (Green line) to cross back ABOVE the LSMA (Blue Line) for renewed upwards momentum. I got asked yesterday, “why does VeChain suffer the most when Binance Futures gets liquidated? is it because of weak hands?” It’s nothing to do with weak hands, from my opinion VeChain suffers because it doesn’t yet have the liquidity cushion of other exchanges like Coinbase, Bitstamp, Kraken and many other major exchanges that BTC, ETH and ADA have to help cushion any major drop, so when Binance Longs gets gutted by Binance themselves, VET suffers greatly. This is just my opinion, but it actually makes sense, so it's probably true ;-). Hopefully after the release of POA2.0, we’ll see VeChain and VTHO added onto some of other major exchanges increasing liquidity. I hope this is helpful with your Trading and Hodl-ing. Notes for those who don’t know: LSMA = Black Squiggly Line on chart 50MA = Yellow Squiggly Line on Chart 200MA = Red Squiggly Line on Chart Bollinger Bands = Green Bands on Chart Pitchfork = A,B,C Pattern on Chart VPVR POC = Long Horizontal Red Line on Chart VPFR POC = Short Horizontal Red Line on Chart Volume Bar = Bottom of Chart Volume 20 Period MA = Orange Line Going through Volume Bars
BINANCE:VETUSD
by entertheroach
1
BTC - Let's have a look at the Daily ChartBTC Update: BTC has finally made it above its major resistance area and turned that level into support. BTC is back below its Pitchfork (A,B,C) Median Line. BTC is still above its Bollinger Bands Middle Band Basis 20 Period SMA. Note that Volatility is actually still low on this 1D timeframe because we do not yet have expansion of the Upper and lower Bollinger Bands. Note that the Upper Band is starting to point Downwards and the Lower Band is still moving upwards indicating we may see a Bollinger Bands Pinch on this 1D timeframe. At the moment of posting this, BTC has dropped below its Least Squares Moving Average (LSMA). A close above this level is crucial. A close below the LSMA will probably mean a drop back into the support area and possibly the BB Middle Band Basis. Using the 20,60,120,30 settings for the Ichimoku Cloud, note that we now have a Cloud (Kumo) Twist into a new Bullish Green Cloud for this 1D timeframe. Note that BTC is still above its Volume Profile Fixed Range Point of Control (VPFR POC) for the fixed range of 7 daily candles i have selected. BTC is still above its Volume Profile Visible Range Point of Control (VPVR POC) for this charts visible range. Note that Volume today is still low and the Volume Bar is still under its Volume 20 Period Moving Average, that could change as the day ticks on. Using Simple Moving Averages, note that the 50MA is still rising and it looks like we may very soon see a 50MA cross back over and above the 200MA creating a GOLDEN CROSS for this 1D timeframe. The Average Directional Index (ADX DI) is indicating the trend strength has increased with the ADX (Orange Line) at 28.17 heading sideways but very close to crossing over and above its 9 Period EMA (Black line) which is at 28.20. The +DI (Green Line) has dropped to 23.21 and the -DI (Red Line) has increased to 11.47 at the moment. This means that Positive momentum has dropped and Negative momentum has increased on this 1D timeframe. Note however that there is still a big gap between the +DI (Green Line) and -DI (Red Line) so the price would have to drop substantially for Negative momentum to become dominant on this 1D timeframe. The Relative Strength Index (RSI) is indicating momentum is downwards on this 1D timeframe at the moment. Note that the RSI (Purple Line) is back below its 9 Period EMA (Red Line) indicating increased strength for negative momentum at the moment. So key levels to watch for a daily close ABOVE or BELOW on this 1D timeframe are the LSMA, VPFR POC and the Upper Support Zone. The Bollinger Bands Middle Band Basis becomes the next crucial level to watch if those previous levels mentioned fails as support. I hope this is helpful with your Trading and Hodl-ing. Notes for those who don’t know: LSMA = Black Squiggly Line on chart 50MA = Yellow Squiggly Line on Chart 200MA = Red Squiggly Line on Chart Bollinger Bands = Grey Bands on Chart Pitchfork = A,B,C Pattern on Chart Ichimoku Cloud = Red and Green Cloud Pattern on Chart VPVR POC = Long Horizontal Red Line on Chart VPFR POC = Short Horizontal Red Line on Chart Volume Bar = Bottom of Chart Volume 20 Period MA = Black Line Going through volume Bars Support Areas = Horizontal Parallel Black Lines with Yellow Shading
BITSTAMP:BTCUSD
by entertheroach
5
BTC - could we soon witness a GOLDEN CROSS?BTC Update: BTC is still safely above its 50MA and its 200MA. Note that the 50MA is pointing upwards and the 200MA is pointing sideways. If the support levels hold strong and if and when BTC is able to push above the Upper Resistance Zone and the Pitchfork Median Line then........ we will witness a GOLDEN CROSS on this 1D timeframe. BTC is back above its Bollinger Bands Middle Band Basis 20 Period SMA for this 1D timeframe. Note that the Upper Band is starting to point downwards and the lower Band is pointing upwards indicating volatility has slowed on this 1D timeframe. With this consolidation, we are seeing the start of a potential Bollinger Band Pinch, which could lead to a big volatility induced move. BTC has found some resistance from its Least Squares Moving Average (LSMA). Note that a daily close ABOVE the LSMA is a potential buy signal. BTC is above its Volume Profile Visible Range Point of Control (VPVR POC) for this charts visible range. At the moment, BTC is fighting to stay above its Volume Profile Fixed Range Point of Control (VPFR POC) the the fixed range of 14 daily candles that I’ve selected. Volume has increased and note that yesterday and today’s volume Bar are above its Volume 20 Period Moving Average. BTC is still in an Upwards Pitchfork Pattern (A,B,C). Note that BTC has crossed under the Pitchfork Median Line (Middle Dashed Line). The Pitchfork Median Line is a crucial level to cross and close back above. BTC has found strong resistance from its Upper Resistance Area of $50,604 - $49,087. BTC has now found strong support from its new Support Area of $46,693 - $46,231. If i just use the Ichimoku Cloud (Kumo) without the other IC indicatiors, you can clearly see that BTC has found VERY STRONG support from the Ichimoku Cloud Leading Span B (Senkou Span B) support Level. This level also coincides with the new Support Area I’ve added. If we look at the Average Directional Index (ADX DI) we can see the trend strength has dropped with the ADX (Orange Line) at 26.50 and still under its 9 Period EMA which is at 31.22. The +DI (Green Line) is pointing upwards at 18.46 and the -DI (Red Line) is pointing downwards at 14.86. This means that while the Trend strength has dropped, Positive Momentum has actually increased and Negative Momentum has decreased. The further the +DI (Green Line) gets away from the -DI (Red Line) the better. The Relative Strength Index (RSI) is indicating Momentum is upwards at the Moment. Note that the RSI (Purple Line) is pointing upwards and looking like it may cross back above its 9 Period EMA (Red Line), this will be a good sign of upwards momentum strength for this 1D timeframe if that happens. Note that the RSI still has plenty of room to move up before becoming overbought on this 1D timeframe. If you are uncertain to go long, then confirmation will be when BTC successfully crosses ABOVE and CLOSES a daily candle ABOVE the Upper Resistance Area. If you are uncertain to go short, then you would wait for BTC to successfully break UNDER and CLOSE a daily candle UNDER the New Support Area and the Leading Span B (Senkou Span B) support Level. Remember that a close ABOVE the LSMA is also a potential BUY signal for this indicator. Full Bullish Confirmation on this 1D Timeframe will be when the Leading Span A (Senkou Span A) crosses back above the Leading Span B (Senkou Span B) cloud support creating a Cloud (Kumo) Twist a new Bullish Green Cloud for this 1D timeframe. Also, don't forget to get your cameras ready for when that 50MA & 200MA Golden Cross happens. ;-) I hope this is helpful with your Trading and Hodl-ing..... cause it does take a while to type it all up :-) Notes for those that don’t know: 50MA = Yellow Squiggly Line on chart 200MA = Red Squiggly Line on chart LSMA = Black Squiggly Line on chart Bollinger Bands = Grey Bands on chart on chart Ichimoku Cloud = Red and Green fluffy Cloud on chart Pitchfork = A,B,C Lines on chart VPVR POC = Long Horizontal Red Line on chart VPFR POC = Short Horizontal Red Line on chart Volume Bars = Bottom of Chart Volume Moving Average = Black Line going through Volume Bars Support and Resistance Areas = Horizontal Black Lines with Yellow Shading
BITSTAMP:BTCUSD
by entertheroach
6
VeChain - Quick updateVery quick VET 6hr chart update VET has broken UPWARDS from its Triangle Pattern. A successful 6hr candle close above the descending trend-line is crucial. A successful retest of the descending trend line as support will also be another great positive sign. With the Long Horizontal Support Area, VET was also in a potential Descending Triangle, so it's a really good sign that VET has broken above the descending trend-line. A successful close above will also invalidate the potential Descending Triangle pattern. VET is back above its Least Squares Moving Average (LSMA). A successful close ABOVE the LSMA is a potential Buy Signal. VET is back above its Bollinger Bands Middle Band Basis 20 Period SMA. VET is back above its Volume Profile Visible Range Point of Control. (VPVR POC). Note that Volume has increased and the last 4x 6hr Volume Bars have been ABOVE its Volume 20 Period Moving Average. The MACD Line (Blue Line) is still in the Negative Zone but note it has crossed back over the Signal Line (Orange Line). Expect a big move up if the MACD Line (Blue Line) crosses back over the 0.0 Base Line into the Positive Zone on this 6hr timeframe. A 6hr Candle close ABOVE the BB Middle Band, LSMA, VPVR POC and Descending Trend-line is crucial for continued upwards momentum. I hope this very quick post is helpful with your trading and hodl-ing. Notes: LSMA = Black squiggly line on chart Bollinger Bands = Grey Bands on chart VPVR POC = Long Horizontal Red Line Trend-Lines (Triangle Pattern) = Dashed Lines Support Area = Black Lines with Yellow Shading Volume Bar & Volume MA = You know where that is ;-) MACD = Bottom Indicator
BINANCE:VETUSD
by entertheroach
1
Quick VTHO 1D updateQuick VTHO 1D chart update: VTHO is still in the Equilibrium Zone of the Ichimoku Cloud for this 1D timeframe. The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating the mid-point of the short-term momentum is slightly upwards. The Ichimoku Cloud Base Line (Kijun Sen) is indicating that the mid-point of the mid-term momentum is sideways. The Ichimoku Cloud Lagging Span (Chikou Span) is indicating momentum is upwards at the moment. VTHO has found support from its Ichimoku Cloud Base Line (Kijun Sen) and has bounce off this level twice over the last 3 days. VTHO has found some resistance from its Conversion Line (Tenkan Sen) level. VTHO is still in its triangle pattern walking downwards, keep an eye on if the breakout is upwards or downwards. We may see VTHO head to its triangle pattern APEX before we see a breakout. A successful break ABOVE the descending resistance line and re-test as support is crucial. Volume is still relatively low and VTHO is below its Volume 20 Period Moving Average. It’s a good thing that this period of downwards movement over the last couple of days has not been on huge volume. VTHO is still above its Volume Profile Visible Range Point of Control (VPVR POC) for this charts visible range. VTHO is still below its Volume Profile Fixed Range point of Control, (VPFR POC) for the fixed range i have selected. VTHO is still below its Least Squares Moving Average (LSMA) if you are waiting for LONG confirmation then a close above the LSMA and successful retest of it as support is crucial. VTHO is above its Bollinger Bands Middle Band Basis 20 Period SMA at the moment. A daily close ABOVE this & successful re-test as support is crucial for renewed upwards momentum. The Average Directional Index (ADX DI) is showing the trend strength has weakened with the ADX (Orange Line) at 44.63 crossing under its 9 Period EMA (Black Line) which is at 48.63. The +DI (Green Line) has dropped to 22.87 and the -Di (Red Line) is sideways at 16.81. This indicates that while we have seen a drop in Positive Momentum, Negative Momentum has not increased but is sideways at the moment. The Relative Strength Index (RSI) is confirming that momentum is upwards at the moment. Note that the RSI (Purple Line) is still below its 9 Period EMA (Orange Line), a cross back above the 9 Period EMA will be a sign of renewed upwards momentum strength. Note that VTHO has room to move up on this 1D timeframe before it becomes overbought. I hope this is helpful with your trading and hodl-ing.
by entertheroach