BTC - 4hr Chart UpdateBTC 4hr update:
BTC is above its Bollinger Bands Middle Band Basis 20 Period SMA.
BTC is above its Volume Profile Visible Range VPVR Point of Control (POC) for this charts visible range.
BTC is above its Volume Profile Fixed Range VPFR Point of Control (POC) for the fixed range i have selected.
Volume is relatively Low for this 4hr Volume Bar & the Volume Bar is below its Volume 20 Period Moving Average (Orange Line) so we may see a drop back to the VPFR POC.
BTC is above its Schiff Pitchfork (A,B,C) Median Line.
BTC is still within its huge sideways channel (Parallel White Lines).
The Moving Average Convergence Divergence (MACD) is indicating theta the MACD Line (Blue Line) has crossed back above the 0.0 level indicating that a 12 Period EMA has crossed back over a 26 Period EMA on this 4hr chart indicating bullish momentum for this 4hr timeframe. Note that the green Histogram has lightened indicating a weakening of bullish momentum at the moment.
The Average Directional Index (ADX DI) is showing that the +DI (Green Line) is at 21.94 and has crossed back above the -DI (Red Line) which is at 12.12. This indicates that positive momentum is now stronger then negative momentum for this 4hr timeframe. The Trend is a strong positive trend with the ADX (Yellow Line) is at 21.86 above the 20 Threshold (Dashed Line) and above its 9 Period EMA (White Line) which is at 20.37.
The Chaikin Money Flow (CMF) is indicating strong accumulation with the CMF (Green Line) reaching 0.37 but now dropping to 0.29 on this 4hr chart. Notice that the CMF (Green Line) has dropped back under its Least Squares Moving Average (LSMA) which is at 0.34 so we may see a lessening of upwards pressure before the next leg up.
When someone tweets, burps or farts “BTC will drop to sub $20K”, you have to ask yourself, is that a possibility? The answer is “yes” but rather then sh*t your pants, you have to set levels which will be a form of confirmation to you that such a drop might happen. My confirmation was the WEEKLY 50EMA. Remember that i stated many times before, “so long as BTC keeps closing WEEKLY candles ABOVE the WEEKLY 50EMA, then sub $20K will not happen”. Now, there is always a possibly an asset can produce a very big Wick upwards or downwards, but REMEMBER, its where the candle CLOSES that counts. and BTC never closed a WEEKLY candle BELOW the WEEKLY 50EMA. And that’s that.
I hope this is helpful with your trading and hodl-ing.
Vpvr
VeChain - A traditional analysisA look at the VeChain Daily Chart using some traditional methods.
VeChain is still below its Bollinger Bands Middle Band Basis 20 Period SMA on this daily chart.
VeChain is still below its 50EMA level on this daily chart.
VeChain is in a Descending Channel (Dotted Line) on this daily chart.
VeChain is also in an Ascending Triangle (Dashed Line) on this daily chart. The Ascending Triangle has a small upwards trend-line and a potential longer upwards trend-line. We can expect strong resistance at the resistance of the Ascending Triangle. We need the upwards breakout to be on strong volume and if there is a retest after the breakout, that resistance needs to be turned into strong support.
Volume is still relatively low on this daily chart and the Volume Bar is still below its Volume 20 Period Moving Average.
VeChain is still below its Volume Profile Visible Range VPVR Point of Control (POC) for this charts visible range.
VeChain is above its Volume Profile Fixed Range VPFR Point of Control (POC) for the range i have selected. VET needs to stay above this level.
The Moving Average Convergence Divergence (MACD) is showing the MACD Line (Blue Line) is pointing upwards and the Signal Line (Orange Line) is pointing sideways. So we may see the MACD Line cross back ABOVE the Signal Line on this daily chart which would form new Green Histograms and is a potential buy signal. A full Bullish trend is confirmed when the MACD Line crosses back over the 0.0 level, this will be a signal that a 12 Period EMA has crossed back above a 26 Period EMA on this daily chart and would bring the MACD into the positive zone.
The Relative Strength Index (RSI) is showing upwards momentum has increased and note that the RSI (Purple Line) is above its 9 Period EMA (Orange Line). The RSI is showing that VeChain has a huge amount of room to move up before becoming overbought.
You all know how passionate i am about VeChain and it's future in the world of Blockchain. There is a possibility that VeChain might drop more within its Descending Channel before any potential breakout, so any dips should be used to accumulate more for your Dollar Cost Averaging (DCA).
I hope this traditional analysis is helpful with your trading and hodl-ing.
ADA - 4hr chart updateADA Quick Update:
ADA is still in the Bearish Zone of the Ichimoku Cloud for this 4hr timeframe.
ADA is still below its 50EMA. ADA needs to eventually close above this level.
ADA is still below its Bollinger Bands Middle Band Basis 20 Period SMA. ADA needs to eventually close above this level.
ADA is in a triangle pattern and is approaching the apex so we need to keep an eye on if the breakout is upwards or downwards and if the potential breakout is on increased volume or not.
At the moment of typing this, ADA is trying to get back over its Ichimoku Cloud Leading Span A (Senkou Span A) cloud resistance.
At the moment of typing this, ADA is above its Volume Profile Visible Range VPVR Point of Control (POC) for this charts visible range.
Volume is still relatively low and you can see that the Volume Bar is below its Volume 20 period Moving Average.
The Moving Average Convergence Divergence (MACD) is indicating momentum is sideways, note that the MACD Line (Blue Line) is back above its Signal Line (Orange Line). Note that we have green histograms formed. We need the MACD Line to cross back over 0.0 for real bullish momentum for this 4hr timeframe.
The Chaikin Money Flow (CMF) is indicating that we need to be a bit weary because ADA has dropped into the Distribution Zone for this 4hr timeframe. Note that the CMF (Green Line) is at -0.01 and below its Least Squares Moving Average (LSMA) which is at 0.05. Note that this is a 4hr timeframe so this can easily change to accumulation very quickly which will happen if ADA closes above the Leading Span A (Senkou Span A) cloud resistance which would take ADA back into the Ichimoku Cloud Equilibrium Zone for this 4hr timeframe.
ADA has proven to be one of the strongest cryptos during this downtrend, but obviously we still have to keep an eye on what BTC is doing as sadly, alts still follow BTC's direction.
I hope this quick update is helpful with your trading and hodl-ing.
BTC - Quick Daily Chart UpdateQuick BTC Daily Chart update:
BTC is still ranging sideways within its Sideways Channel.
BTC has found some resistance from its Weekly 50EMA, it is crucial that BTC closes THIS weekly candle above this level and turns it into strong support.
BTC is still below its Bollinger Bands Middle Band Basis 20 Period SMA. BTC needs to closes above this level and turn it into support.
BTC is still above its descending Pitchfork (A,B,C) Median Line.
BTC is still below its Volume Profile Visible Range VPVR Point of Control (POC) for this charts’s visible range.
Daily Volume is still relatively low and the Volume Bar is below its Volume 20 Period MA.
The Chaikin Money Flow (CMF) is indicating BTC is still being accumulated and accumulation has increased from 0,02 to 0.14, notice that the CMF (Green Line) is back above its Least Squares Moving Average (LSMA) which is at 0.10.
The Average Directional Index (ADX DI) is indicating the trend strength is sideways with the ADX (Yellow Line) at 39.29 below its 9 Period EMA (White Line) which is at 39.84. Notice that the -DI (Red Line) has dropped from around 33 to 28.52 and is pointing downwards. The +DI (Green Line) is pointing upwards at 13.16. This indicates negative momentum has dropped and positive momentum has increased on this 1D timeframe. We eventually need the +DI (Green line) to cross back ABOVE the -DI (Red Line) on this 1D timeframe.
So tonight is a crucial WEEKLY CLOSE as we ideally need BTC to CLOSE THIS WEEKLY CANDLE above the Weekly 50EMA.
I hope this is helpful with your trading and hodl-ing.
VeChain Daily Chart UpdateVeChain Daily Chart Update:
VeChain is still below its 50EMA for this daily chart. VeChain 110% needs to close a daily candle above this crucial level on the daily chart.
VeChain is still in the Bearish Zone of the Ichimoku Cloud.
The Ichimoku Cloud Base Line (Kijun Sen) is indicating mid-term momentum is sideways within a range.
The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating short-term momentum is downwards at the moment.
The Ichimoku Cloud Lagging Span (Chikou Span) is indicating momentum at the moment is sideways.
VeChain is below its Bollinger Bands Middle Band Basis 20 Period SMA. VeChain 110% needs to close a daily candle above this crucial level on the daily chart.
VeChain is above its descending Pitchfork (A,B,C) Median Line. VeChain needs to stay above this level.
VeChain is below its Volume Profile Visible Range VPVR Point of Control (POC) for this charts visible range.
VeChain is below its Volume Profile Fixed Range VPFR Point of Control (POC) for the Fixed Range i have selected.
Overall Volume is still relatively low and note that the Volume Bar is back below its Volume 20 Period MA.
The Moving Average Convergence Divergence (MACD) is still negative & showing that momentum is sideways. Notice that the Signal Line is pointing slightly downwards and the MACD Line is pointing sideways, so we may eventually see the MACD LINE (Blue Line) cross back ABOVE the Signal Line (Orange Line) for renewed upwards momentum. Notice that the Red Histogram is decreasing in size for this daily chart. We eventually need VeChain to cross back above the 0.0 level for renewed positive momentum on the daily chart.
The Average Directional Index (ADX DI) Is indicating negative momentum has dropped with the -DI (Red Line) dropping from 27.9 and is now at 23.35 but still above its positive momentum +DI (Green Line) which is sideways at 8.68. The ADX (Tellow Line) is still showing a strong downtrend withe the ADX (Yellow Line) at 35.01 still above its 9 Period EMA (White Line) which is at 31.84. We eventually need to the +DI (Green Line) to cross back above the -DI (Red Line) for renewed upwards momentum on this daily chart.
The Chaikin Money Flow (CMF) is indicating VeChain is being distributed but notice that the CMF (Green Line) has increased from -0.16 to -0.05 and that the CMF (Green Line) is above its Least Squares Moving Average (LSMA) which is at -0.11. We eventually need VeChain to cross the Zero line into the accumulation zone for renewed upwards momentum.
As always, this is not a price update but an update about what VeChain needs to do and what VeChain needs to get above and also to show what the indicators are indicating.
I hope this is helpful with your trading and hodl-ing.
$HOL $ASTR Big WeekBeen a bull in this company, but with it hitting the $10 range I did buy some at 10.02 and Friday bought more at 10.77. This week in Holicity/Astra is pretty massive and I believe the upside out weighs the risk. With getting about a 480mil on their balance sheet, this gives a somewhat fair value of $13, which at current price would be about 20% move this week or even more depending on other factors.
News
-Merger is this week on June 30th and Ticker change on July 1st to ticker "ASTR"
-Astra acquired Apollo Fusion, which will give Astra a boost in their Thursters. This will help low orbit and other orbits of Earth while also giving the possibility of sendings their Rockets too the Moon for SATS according to the interview with Astra and Apollo Fusion.
-Has Planet Contract to send SATS
-Was awarded the TROPIC NASA contract, which starts in Q1 of 2022
-Their monthly rocket will be ready around Q4
-Pipe investors can't sell in a 6 month period. Warrents are exchange at $10, not sure on the deadline.
TA: I know the news sounds amazing and theres more to come like the ANN of the summer launch, which no date is available at the time of writing this. It's suppose to launch this Summer.
-Prime Target in the short term is $13.
-Sideways movement is between the zones of 10.76-11.05. Below 10.76 is key buying and above 11.05 is lots of sellers.
-RSI is oversold and could see a bounce Monday with merger coming soon.
-MACD is looking to flip Bullish
-VPVR levels 10.84-10.90 with next high vpvr levels being in our trading zone of sellers. if we break above 11.26 next level is 11.37 than 12.28
-EMA's are consoldating, but squeezing suggesting a pretty big move ahead.
Final Thoughts:
I'm bullish on this stock in the short term and long term with it hitting my value of investing. Does the company make it cheap? Does the company help others? Who are they competing with? The last question is just 1 which is Rocket Labs, yet they failed to get the NASA Contract due to it not being cheap to use. ASTRA is a game changer and will only get better, but also tougher as other companies try to do it better and cheaper than them. As of now this stock is a buy in the short and long term.
Total crypto market (CRYPTOCAP:TOTAL) 1D timeframe +1W preludeGreetings,
At this point price action on 1 week time frame supporting, last confirmed total market cap value with 1.355 T $, and respected price box, same as 1D.
This point of total market cap was confirmed as previous support, as we see on chart this level was accepted as support on - 01 may, and confirmed for all way up to around ~1.79T total market cap.
Other facts - Critical:
1W timeframe - Relative strength index – testing 48 points from above (that wasn’t happen all way up from 27 april 2020 – potentially trampoline to way up, or to bury hope.
1D timeframe - Relative strength index – moving up to average 50 points, supported at 40 but rejected more important level at 50. (hidden divergence?)
Other facts - Cons:
1W timeframe - MACD momentum directed down since 12 may
1D timeframe – VPVR – struggle around 1.5T total market cap
Other facts – Pros:
1W/1D – price action – supported crucial 1.355T lvl – confirmed, lets check where it will close,
1D timeframe - MACD momentum directed upward since 01 june rejected by price action – for this time (20 june), price action supported 1.35lvl.
1D – Bollinger bands – supported lower band,
Next week should show where we gonna be in next month.
Do we may see next curious Thursday on 24 june?
Still waiting to break out box for bullish movement. Next break 1.5T total market cap – stop on 21 Moving average.
Shortly..
VeChain - Update with a Falling WedgeQuick VeChain 4hr chart update with the Ichimoku Cloud:
VeChain is still in the Bearish Zone of the Ichimoku Cloud for this 4hr timeframe.
The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating Short-Term momentum is downwards at the moment. Note that the Conversion Line (Tenkan Sen) is only sloping slightly downwards.
The Ichimoku Cloud Base Line (Tenkan Sen) is indicating Mid-Term Momentum is downwards at the moment.
The Ichimoku Cloud Lagging Span (Chikou Span) is pointing upwards indicating momentum is upwards, but be aware that this is a fast reacting indicator.
Note that the Leading Span A (Senkou Span A) is pointing downwards and the Leading Span B (Senkou Span B) is starting to slope downwards but note that the cloud gap between the Leading Span B (Senkou Span B) and Leading Span A (Senkou Span A) is still quite large. When the Leading Span B (Senkou Span B) is on top, we do not want that gap to shorten into a thing gap unless you are short selling.
VET is below its Bollinger Bands Middle Band Basis 20 Period SMA. Note that VET is back above its Lower Band, this is indicating negative volatility has slowed.
VET is below its Volume Profile Visible Range (VPVR) Point of Control (POC) for this 4hr timeframe.
VET is below its Volume Profile Fixed Range (VPFR) Point of Control (POC) for this 4hr timeframe.
VET is in a Falling Wedge pattern. A Falling Wedge pattern is a possible bullish reversal pattern, but because all alts are still at the mercy of BTC, Exchange & Market Manipulation, its debatable as to whether or not the potential reversal will be realised. The bottom trend-line of the wedge is a crucial support line as VET has bounced off it 4 times. VET needs to close this 4hr candle above this support line and turn it into strong support, if not, then VET may see $0.092 again and possibly much lower so there could be another opportunity to acquire more VET at a cheaper price.
VeChain is still the most criminally undervalued crypto out there, so if it does drop more, then i’ll just DCA more at an amazing cheap price before the next crypto leg up.
I hope this analysis is helpful with your trading and hodl-ing.
ADA - 4hr chart updateQuick ADA update:
ADA is below its 50EMA for this 4hr timeframe.
ADA is below its Bollinger Bands Middle Band Basis 20 Period SMA for this 4hr timeframe.
ADA is back in the Bearish Zone of the Ichimoku Cloud for this 4hr timeframe.
ADA is below its Volume Profile Visible Range VPVR Point of Control (POC) for this charts visible range.
ADA is above its Volume Profile Fixed Range VPVR Point of Control (POC) for the range that i have selected. ADA has also found some support from this level due to the buy volume located at the POC.
The Previous 4hr volume bar was above its Volume 20 Period Moving Average but was lower than the previous so we may see volume dropping slightly.
At the moment of typing this, ADA is in a new Descending Channel. ADA needs to close a 4hr candle above the new Descending Channel and above the Bollinger Bands Middle Band Basis 20 Period SMA and turn those levels into strong support.
The Chaikin Money Flow (CMF) is showing that ADA is back in the Distribution Zone and has dropped to -0.07. At the moment the CMF (Green Line) is still above its Least Squares Moving Average (LSMA) which is at -0.11. But note that the CMF is pointing downwards and the LSMA is pointing upwards so we may see more distribution. We need the CMF (Green Line) to eventually cross back above the Zero Line into the Accumulation Zone.
The Average Directional Index (ADX DI) is indicating a strong trend with the ADX (Yellow Line) at 29.13 above its 9 Period EMA (Blue Line) which is at 25.81. The -DI (Red Line) is at 23.72 an still above its +DI (Green Line) which is at 10.72. Notice that the -DI (Red Line) has dropped and is pointing downwards and the +DI (Green Line) is starting to pointing sideways, this is an indication of weakening negative momentum and we may see a possible increase of positive momentum. We eventually need the +DI (Green Line) to cross back above the -DI (Red Line) for this 4hr timeframe.
At the moment, all cryptos are at the mercy of Binance & the market makers BTC manipulation, so we will have to see how BTC develops.
I hope this is helpful with your trading and hodl-ing.
BTC - Quick daily chart updateVery quick BTC daily chart update:
BTC is below its Bollinger Bands Middle Band Basis 20 Period SMA for this 1D timeframe.
Note that at the moment, the Bollinger Bands Upper and Lower Bands are NOT extending outwards for this 1D timeframe. The Upper and Lower Bands extending outwards means increased volatility.
BTC is below its Schiff Pitchfork (A,B,C) Median Line. BTC needs to eventually close a daily candle above this level.
At the moment of typing this, BTC is below its Volume Profile Visible Range VPVR Point of Control (POC) for this chart range.
At the moment of typing this, BTC is below its Volume Profile Fixed Range VPFR Point of Control (POC) for the range i have selected.
Note that Volume is still relatively low for this 1D timeframe and the Daily Volume Bar is still below its Volume 20 Period MA.
BTC has found some support from its Schiff Pitchfork (A,B,C) Lower Yellow Support Line. Note that BTC has bounced off this support line twice before on this 1D chart. This is a crucial level to CLOSE a daily candle above.
Note that the 50MA is getting really close to the 200MA. If you don’t know, It is called a death cross if the 50MA crosses below the 200MA.
Now for the good news…….. BTC is still above its Weekly 50EMA.
The weekly 50EMA is the one to watch, even if the death cross happens on the daily, from my perspective that is not the end game, the weekly 50EMA is the deciding factor for me. If BTC keeps CLOSING WEEKLY candles ABOVE the WEEKLY 50EMA then all will BE WELL and we’ll just see sideways ranging within a range until the next run up. If BTC CLOSES a WEEKLY candle BELOW the WEEKLY 50EMA, then all will NOT BE WELL for BTC. Remember that BTC wicked 3 times below the WEEKLY 50EMA but did not close below it! If your longterm, its where the candle closes that’s important, not where it wicks to.
I hope this is helpful with your trading and hodl-ing.
A quick look at Volume Profiles using the VET ChartA quick beginners introduction to Volume Profiles.
I have added 3 different Volume Profile indicators to this VeChain 4hr chart as well as the normal volume bar.
Volume Profiles are made up of Histogram Bars which display buyer and seller trading activity. The volume Profiles are default Blue for Buy Volume and Yellow for Sell Volume. This buy and sell trading volume can be for your charts Visible Range (VPVR), a Fixed Range (VPFR) of your choosing, or a Session Range (VPSV). A session range is 24hrs so 1hr will be 24 Candles, 4hrs will be 6 Candles, 1D will be 1 Candle. Volume Profiles can also give you a sense of if the price may encounter potential resistance or support at certain price levels due to increased sell or buy volume located in certain price levels on the chart.
The Volume Profile Visible Range VPVR gives you trading activity values for whatever length you have your chart set at in whatever timeframe you are in, which is good for an overall feel but not good for a macro view of where the key volume areas are. Note that as you zoom in and out of your chart, the Volume Values and VPVR POC level will adjust. You can see that VET is below its Point of Control (POC) for this chart’s visible range.
The Volume Profile Fixed Range VPFR gives you a more macro view in a range of your choosing, you can clearly see that the VPFR gives you a better view of where buyer & seller volume is located and clustered in the range that you’ve selected, compare that with the VPVR at the same level, which doesn’t really give a clearer macro view of recent buyer and seller volume values.
The Volume Profile Session Volume VPSV, for this chart, gives volume levels for each 6 4hr candles or whatever timeframe you are in. A session is 24hrs so 1hr would be 24 candles, 6hrs would be 4 candles and 1D would be 1 candle. The VPSV gives you a more macro view of buyer and seller volume trading activity and where it is clustered. As you can see, each session has its own POC but i have only labelled the most recent one. VET is below its Point of Control (POC) for this 4hr timeframe. There is a HD version of the VPSV called VPSV HD, this version automatically adjust the histogram detail level when you zoom in and out of the chart.
A few extras you can add to any of your Volume Profiles are the Developing POC and Developing Volume area, i don’t really use these as i find a quick glance at the Volume Profile you are using can give you a sense of where the developing volume areas are located, but some of you may find these useful. You can also add the numerical values to any of these Volume profiles as i have done. You can also add or remove rows to increase or decrease the histogram size and smoothness to suite your preference.
Each Volume Profile tool is very useful, but the fixed range VPFR is my favourite because you can place it on any candle range of your choosing, even on just one candle which can give you even more of a macro view, which could be very useful to you especially if you are a scalper.
The volume bar at the bottom shows how each candle for whatever timeframe you are in closed with regards to buy or sell volume gaining the upper hand. Its default is Green for Buy Volume & Red for Sell Volume. You can also add a Moving Average to your Volume Bar as an indicator of potentially increasing or decreasing volume compared to your Volume Moving Average. I just keep the default 20 Period MA but you can change it to a period of your liking.
A very important thing to note is that any Volume Profile you use will only gives you the Volume traded for the Exchange Chart that you are using. So if you are using Binance’s chart, it will just show the buyer/seller trading volume for Binance, if your using a Bitfinex chart, it will show you just the buyer/seller trading volume for Bitfinex and so on.
An interesting thing to note is that when most other exchanges are strong buying such as Bitfinex & Bittrex, Binance is usually going completely in the opposite direction and strong selling. Binance is the biggest exchange and has the most Volume going through it, so when the market makers & Binance themselves short sell the market, all other exchange volume is irrelevant as Binance’s traded volume completely controls the direction of the market. You can clearly see this on ByBit Long vs Shorts, sometimes you’ll see most exchanges are over 50% long, but because Binance’s Longs will be below 50% the crypto asset you are trading…… drops like a tonne of bricks. You can also clearly see this when comparing the Binance, Bitfinex & Bittrex charts I’ve added, the massive buying volume meant nothing from these charts because Binance is mainly shorting. Quite a few times, I’ve seen an exchange on ByBit at 95% long & most others over 50% long for BTC, but because Binance was at 48% long so 52% short, BTC dropped. Crazy & this is just my opinion but that’s how it is.
Here is a comparison of Binance, Bitfinex and Bittrex charts:
Binance:
Bitfinex:
Bittrex:
Anyway enough of that rant. From my experience, Volume Profiles are very useful tools and should incorporate it into your trading strategy.
I hope this post hasn't been too boring or complete boll*x ;-). I hope this is helpful with your trading and hodl-ing.
BTC - 4hr Chart update and the importance of where the candle......closes
BTC has has said good riddance to the Bearish Descending Triangle it was in.
BTC is back in the Bullish Zone of the Ichimoku Cloud for this 4hr timeframe. Note we have had a Cloud (Kumo) Twist into a bullish green cloud for this 4hr timeframe.
BTC is back above its 50EMA for this 4hr timeframe.
BTC is back above its Bollinger Bands Middle Band Basis 20 Period SMA. Note that the Bollinger Bands Upper and Lower Bands are expanding further apart indicating increased volatility and that the price found some resistance at the upper band.
BTC is back above its Volume Profile Visible Range VPVR Point of Control (POC) for this chart set up.
I have added a Volume Profile Fixed Range VPFR and as you can see, BTC is above that Point of Control (POC).
Reason for adding the VPFR is that it gives a more clearer macro view of buyer and seller volume and where the key points are for the range that i’ve selected, whereas the VPVR gives you the amount for whatever length you have your chart set at which could be potentially misleading. Blue representing Buy Volume and Yellow representing Sell Volume.
Note that the last 6 4hr candles closed above its Volume 20 Period Moving Average.
The Average Directional Index (ADX DI) is indicating a strong trend with the ADX (Yellow Line) at 27.02 back above its 9 Period EMA (Blue Line) which is at 22.64. The +DI (Green Line) is at 32.90 and has crossed back over the -D (Red Line) which is at 10.77 indicating that positive momentum is now stronger than negative momentum for this 4hr timeframe.
The Chaikin Money Flow (CMF) is showing that BTC is back in the Accumulation Zone with the CMF (Green Line) at 0.14 and back above its Least Squares Moving Average (LSMA) which is at 0.08 indicating renewed accumulation strength for this 4hr timeframe.
As i mentioned in a few previous BTC post, a very CRUCIAL level for BTC was the Weekly 50EMA, a few traders were posting on TradingView saying that BTC was going to sub $20K, they ignored the fact that BTC would FIRST have to CLOSE this weekly candle below the weekly 50EMA, BTC did wick below it, but it did not close a weekly or a daily candle below the weekly 50EMA level. For whatever timeframe you are in, especially longterm, it is important to remember the IMPORTANCE of where the CANDLE CLOSES. Otherwise…. you’ll just be wick-ing about! :-)
As you can tell, my post are not price prediction post as there are many more experienced traders on TradingView already posting their predications, my post are more educational, showing what these various indicators & squiggly lines that i use are showing me, so I hope this is helpful with your trading and hodl-ing.
ADA - updateQuick ADA update:
ADA is in a Descending Channel. You can see the various support and resistance levels that ADA has had as resistance and support after it broke out from its previous Ascending Wedge.
ADA has found support from its 2nd upwards support line.
ADA is still in the Bearish Zone for this 4hr timeframe. Note we have had a Cloud Twist (Kumo) into a red cloud.
ADA is below its Bollinger Bands Middle Band Basis 20 Period SMA for this 4hr timeframe.
ADA is still below its 50EMA for this 4hr timeframe.
The Average Directional Index (ADX) is showing the ADX (Yellow Line) at 36.55 dropping below its 9 Period EMA (Blue Line) which is at 37.92 indicating trend strength is dropping. The -DI (Red Line) is at 24.07 still above its +DI (Green Line) which is at 12.4. Notice that the -DI (Red Line) has dipped and the +DI (Green Line) is starting to slope slightly sideways. For the longterm, we need the +DI (Green Line) to cross back above the -DI (Red Line) to indicate positive momentum has overtaken negative momentum on this 4hr timeframe.
The Chaikin Money Flow (CMF) is showing that the CMF (Green Line) is inside the Distribution Zone and at -0.16 and under its Least Squares Moving Average (LSMA) which is at -0.08. Notice that the CMF (Green Line) is now pointing upwards. For the longterm, we need the CMF (Green Line) to cross back into the Accumulation Zone fro this 4hr timeframe.
ADA is still below its Volume Profile Visible Range VPVR Point of Control (POC) for this 4hr timeframe.
ADA is still below its Volume Profile Fixed Range VPFR Point of Control (POC) for this 4hr timeframe.
Volume is still relatively low and this 4hr volume bar is below its Volume 20 Period Moving Average. It’s a good thing that these dips are happening on low volume which indicates just a short-term dip from possible profit taking or week hands.
I still believe that any dips with ADA should be used to accumulate more ADA to which you can stake your ADA to earn even more ADA. But if your trading & waiting for full bullish confirmation for this 4hr timeframe, then ADA needs to cross back above both Volume POC levels, the Bollinger Band Middle Band Basis, the Leading Span B (Senkou Span B), the 50EMA and then the Leading Span A (Senkou Span A) levels and turn these levels into strong support. For further confirmation, crossing into the Bullish Zone ideally needs to be on high volume.
I hope this is helpful with your Trading and Hodl-ing.
ETH/USD H&S breakout trade !Hello trader,
Nice weekend and profitable deals 💲
4h chart ETH/USD
H&S -breakout bullbacktrade in LTF
Entry-SL-TP-R/R can you find in the chart
BTC:D vs OTHERS.D
I would like to mention that all I post are just options and my own opinion !
Always trade with SL, and do not risk more than 1% of your portfolio (max 3%) per trade.
Unfortunately, my english is not so good and I work with google translate, but if you have any questions I will be happy to answer them .
➡️If you like my posts smash the like👍👍 button, comment or follow me.⬅️
Thanks for reading my ideas,
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Total crypto market (CRYPTOCAP:TOTAL) 1D timeframe bull scenarioIn this case ill try to show my perspective for bullish scenario.
Before last drop of total market cap value we get some signs from RSI which shows hidden bearish divergence, and break through 48 points level to fall even lower to 30 points. In the same time Bitcoin did 1224D from last top. BTC charts on weekly time frame shows VPVR volume held at 36k$ - 32k$ after this levels could see even 20k$ elevator - as last stop (2017 highs) - strongly dissapointing level, at this time.
Meanwhile on total crypto market cap chart we are forming ascending triangle on Relative Strenght Index close to 48 points. Crucial thing for me is to see higher volume at Fibonacci 0,236 lvl (1.648T Total Market Cap), breaking RSI 48 points line, and get some confirmation from lower time frame, like bullish pattern , engulfing candle at line or each other.
Regards
VeChain - a different style post - enjoyVeChain 4hr Chart update using support and resistance lines:
VeChain is Below its 50EMA on the 4hr chart. VeChain needs to eventually close a 4hr Candle above this crucial level and turn it into strong support.
VeChain is below the Bollinger Bands Middle Band Basis 20 Period SMA. VeChain needs to eventually close a 4hr Candle above this crucial level and turn it into strong support.
Both the Bollinger Bands Upper and Lower Bands are pinching inwards indicating volatility is still slowing.
Note that VeChain had dropped out on the downside of its Bearish Rising Wedge Pattern.
VeChain is testing the 1st Upwards Support Line. This is a very crucial support line and VeChain 110% needs to close a 4hr candle above this support line.
VeChain is in a new Symmetrical Triangle on this 4hr timeframe.
VeChain is still above its Volume Point of Control (POC) for this visible range. We need VeChain to close above this POC as it is a crucial support. On the VPVR you can also see the amount difference between the buying and selling trading activity for this visible range.
Volume has risen slightly and is now above its Volume 20 Period Moving Average. Hopefully VeChain can close this 4hr candle green.
The Relative Strength Index (RSI) is indicating momentum has dropped and is now slightly pointing upwards but be aware hat the RSI is a fast reacting indicator.
If VeChain manages to stay above the 1st Upwards Support Line and the VPVR Point of Control (POC) then we may see another attempt at getting above the Bollinger Bands Middle Band and the 50EMA. If VeChain drops below the 1st Support Line and the VPVR POC, the VET will possibly drop to the 2nd upwards support line. It’s looking hopeful that VET will stay above the 1st support Line and the VPVR POC, but note that it is also still dependant on what BTC does.
If you are uncertain as to whether or not to place a long, its best to wait until VET closes above the Bollinger Bands Middle Band Basis, 50EMA and the New Symmetrical Triangle Resistance Line and turns the ST Resistance Line into strong support for this 4hr timeframe.
I decided to post this chart differently from my usual style of Ichimoku Clouds, Pitchforks, CMFs ect ect, so i hope you have found this helpful with your Trading and Hodl-ing.
VeChain - a 4hr chart analysisVeChain 4hr Chart update:
VET is still in the Bearish Zone of the Ichimoku Cloud.
VET is testing the Ichimoku Cloud Leading Span B (Senkou Span B) cloud resistance. Which is also where the Bollinger Bands Middle Band Basis 20 Period SMA is located at the moment.
We need VET to eventually close a 4hr Candle within the Equilibrium Zone of the Ichimoku Cloud, above the Leading Span B (Senkou Span B) resistance.
VET is below its 50EMA. We should expect strong resistance at this 4hr 50EMA level. VET needs to close a 4hr candle above this level and turn it into strong support.
Volume has increased with the Volume Bar above its Volume 20 Period Moving Average. Hopefully VeChain can end this 4hr candle green.
VET is above its Least Squares Moving Average (LSMA) for this 4hr timeframe.
VET is above both its Volume Profile Visible Range (VPVR) Point of Control (POC) and above its Volume Profile Fixed Range (VPFR) Point of Control (POC). VET 110% needs to stay above the POC for this 4hr timeframe.
The Chaikin Money Flow (CMF) is indicating accumulation has dropped from 0.08 to 0.07 but the CMF (Green Line) is still in the accumulation zone and still above its Least Squares Moving Average (LSMA) which is at -0.04. We need the CMF store stay above the Zero Line and in the accumulation zone for this 4hr timeframe.
The Average Directional Index (ADX DI) is indicating trend strength is sideways with the ADX (Yellow Line) at 25.53 above its 9 Period EMA (White Line) which is at 22.66. The -DI (Red Line) has dropped to 24.63 but is still above its+DI (Green Line) which is at 14.54. Notice that the -DI (Red Line) is indicating negative momentum had dropped with the =DI (Green Line) indicating positive momentum has risen but is now sideways on this 4hr timeframe.
You all know how strongly i feel about the future crypto giant VeChain, so any major dips n drops should be used to DCA & acquire more VET before it does and ADA and gets over that crucial $1 mark.
I hope this is helpful with your trading and hodl-ing.
BTC - Don't get corrupted by the emotion of othersBTC Daily Chart update:
BTC is still above its WEEKLY 50EMA.
BTC is back above its Descending Pitchfork Median line.
BTC needs to turn its Bollinger Bands Middle Band 20 Period SMA into strong support.
Volume has increased and is now above its Volume 20 Period Moving Average. Hopefully BTC can close this day as a green bar.
BTC is still in a Descending Triangle so BTC needs to close a daily candle above the downwards trend-line and turn it into strong support.
I have added a Volume Profile Visible Range (VPVR), you can see the Point of Control (POC) for this charts visible range. BTC is trying to get above this POC.
I have also added a Volume Profile Fixed Range (VPFR), you can clearly see that BTC is above the Point of Control (POC) for the fixed range that I’ve selected. The VPFR gives us a more clearer, macro view of buying and selling for an actual candle fixed range.
The Chaikin Money Flow (CMF) is indicating an increase in accumulation withe the CMF (Green line) in the Accumulation Zone at 0.10. Note that the CMF (Green Line) is above its Least Squares Moving Average (LSMA) which is at 0.06.
The Average Directional index (ADX DI) is showing the ADX (yellow Line) has dipped slightly at 54.13 and is slightly still above its 9 Period EMA (White Line) which is at 54.07. The -DI (Red Line) has dropped to 28.08 and the +DI (Green Line) has risen to 11.94. Notice that the -DI (red Line) is pointing downwards and the +DI (Green Line) is pointing upwards.
An important point that I said in my previous BTC post when BTC wicked below the Weekly 50EMA was that BTC may WICK a few more times below that level, but that the real CRUCIAL thing is if BTC CLOSES THIS weekly candle BELOW the weekly 50EMA. if or until that happens, any post about BTC dropping to $20K and below is pure speculation and traders trying to convince you & the masses to join them in their short sell. Seriously its true, when BTC wicked below the Weekly 50EMA, some people on TradingView thought that this was the end, it clearly isn’t, and as I’ve said many times, if your longterm, its where the candle closes that counts not where it wicks to! Remember that BTC still has 4 1/2 days left on this weekly candle. Don’t let people make you emotional and make hasty decisions, try to study a bit of TA and FA, practice and do your own research as that is the only way to cut out the BS. Because remember, it’s your money!
I hope this is helpful with your Trading and Hodl-ing.
Total crypto market (CRYPTOCAP:TOTAL) 1W timeframeSome widther perspective.
Pros:
- Historical Fear,
- Support at 1.35T Market Cap – 3th retest,
- Global corporations/ governance are in matter more, than we propably think,
- Visible range VPVR volume held, on last support1.35T ~ 1.45T Market cap,
- RSI held at around 48 points which point was important in all way up,
- Stochastic RSI – bottom of the cycle,
- Some news from world (inflation, adoption).
Cons:
- 21 Moving average broken,
- BTC long positions (leverage),
- VPVR held at ~1.35T, next drive down will be close to 1T (market cap decrase 60% from top) ,
- BTC 42k$ broken, struggle for 32k$,
- Some news from world (banning, regulations).
Neutral:
- Choppiness index – we are prepared to next shaking in few weeks,
- Lost after last price drop,
To go up:
- Climb above famous 21 Moving average,
- I want to see some bullish strong formation from inside at lower time frame (W bottoms maybe),
- BTC held at 32k,
- longterm,
- Elon Musk twitter ban :P
To go down:
- break 1.35T support level, next station 50 Moving average
We can see potentially (risk to reward next move) market value on price range from 1.35T. Now We was – 45% from top – next move down will get to 62% from top – if it happen, imho what would be the last move down – if not – You will still have this same amount of coins.
Shortly
BTC - It's going to be a very interesting weekQuick BTC daily chart update.
BTC is below its Bollinger Bands Middle Band Basis 20 period SMA on the daily chart.
The Bollinger Bands Lower and Upper Bands are expanding apart indicating volatility has increased.
BTC is way below its Volume Point of Control (POC) for this visible range on this daily chart.
BTC has broken downwards out of its Symmetrical Triangle on this daily chart.
BTC had wicked out of its Descending Triangle pattern but has managed to close a daily candle back inside the pattern. The bottom of the descending triangle pattern is at the same level as where the WEEKLY 50EMA currently is.
This BTC weekly 50EMA is a very crucial level. Remember that we are at the beginning of the week so the weekly candle has a possibility to wick below the weekly 50EMA as it has done so tonight, but it’s crucial that BTC CLOSES THIS WEEKLY CANDLE above the weekly 50EMA.
The Chaikin Money Flow (CMF) is indicating BTC is still in the Accumulation Zone with the CMF Line (Green Line) at 0.06 and above its Least Squares Moving Average (LSMA) which is at 0.03.
It should be a very interesting week.
I hope this is helpful with your trading and hodl-ng.
ADA - A true sign of strengthA Quick ADA Daily Chart:
ADA is above its Bollinger Bands Middle Band Basis which is a 20 Period SMA.
ADA is above its 50EMA.
ADA is above its Ichimoku Cloud Conversion Line (Tenkan Sen).
ADA is above its Ichimoku Cloud Base Line (Kijun Sen).
The Ichimoku Cloud Lagging Span (Chikou Span) is indicating momentum is upwards.
ADA is above its Volume Point of Control (POC) for this visible range.
Now to the juicy stuff, the point of this post is to show that ADA has shown real strength during the recent crypto drop. If you scan from the left to right of the chart, you will see that ADA DID NOT CLOSE A DAILY CANDLE in either the Equilibrium Zone or the Bearish Zone. ADA was the only crypto in my portfolio that managed to stay in the Bullish Zone of the Ichimoku Cloud using the 20,60,120,30 crypto settings. This is a real sign of strength for ADA and shows that ADA has the possibility to recover fast when BTC & the crypto whales drag the crypto market downwards.
Just so that sinks in, i’ll say it again, ADA closed every daily candle during the recent crypto drop above the Leading Span A (Senkou Span A) cloud support and in the BULLISH ZONE of the Ichimoku Cloud…… Truly amazing! The future really looks bright for ADA.
I hope this quick daily chart post is helpful with your Trading and Hodl-ing.
ADA - Quick 4hr chart updateQuick ADA 4hr chart update:
ADA is back in the Bullish Zone of the Ichimoku Cloud.
ADA is above its Volume Point of Control (POC) for this visible range.
The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating short-term momentum is sideways.
The Ichimoku Cloud Base Line (Kijun Sen) is indicating mid-term momentum is upwards.
The Ichimoku Cloud Lagging Span (Chimkou Span) is indicating momentum is sideways with a slight slope downwards but be aware that it is a fast reaction indicator.
The Ichimoku Cloud Leading Span A (Senkou Span A) is moving upwards indicating we may get a Kum1 Twist where the Leading Span A (Senkou Span A) crosses back above the Leading Span B (Senkou Span B) creating a new green cloud which indicates bullish confirmation.
The Chaikin Money Flow (CMF) is indicating accumulation has risen with the CMF Line at 0.11.
ADA is in a Schiff Pitchfork Pattern (A,B,C), ADA has attempted to get back above the Schiff Pitchfork Median Line and has found support from the Leading Span B (Senkou Span B) cloud support so we may see another attempt at getting above the Schiff Pitchfork Median Line.
During the last few weeks, ADA has proven to be very resilient and also recovered from the dip way faster then most other cryptos.
I hope this is helpful with your trading and hodl-ing.