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Supports for SiaEven though riding the BTC waves, SIA respecting lines nicely like the top reversal perfect with resistance trend formed by previous two tops, making the supports formed more reliable, even in the face of BTC movements. Expect support at first purple and first red horizontal, next tried and tested supports would be the lower purple. Even if BTC drops to its 9-10k supports I doubt that SIA will test lower red. Green is a prediction - If SIA breaks purple, then visually, at this rate, green would form nice support to bounce from, from by the two previous intermediate lows. MA's and other indicators removed for clarity of LINES ONLY. Please leave a like, thought's and comments on how to improve analysis appreciated.
BITTREX:SCUSDShort
by FOREVERTRIP
TA Radial Scaffolding, BTC, 15 minutesCan anyone explain what underlying technical analysis principals define a pattern like this? Please explore this chart from present to past and let me know what you think. The origin point for this "radial scaffolding" is at $7,510.00 (2017-11-14 17:00:00). If you draw a trend line from that point through the chart history, you'll often find many matching points and oscillations around these trend lines going back as far as you want to look. Rather than matching only high, low, open or close points on the candles (the way most TA trend lines do), these trend lines will cut through the graph matching many areas. Some points will hit the trend line perfectly, other areas appear to be a tight consolidation around the trend line without necessarily hitting points exactly (reminds me of a tether ball swinging around the pole). In other places two adjacent trend lines will form a clear channel which the graph follows. It's the radial nature of the trend that's intriguing. Trend lines which match several recent points, will also match multiple points in the past. To me, it looks a lot like the way lightning crosses the sky, or water rolls down a window taking the path of least resistance. There's clearly a pattern here, but the way it jumps from one line to another seems random and probably not useful for predictions. Please scroll through this chart looking at different time intervals and dates (looks like the published chart won't allow you to change the time intervals so I'll publish a couple more versions at different intervals), notice the areas I've highlighted. In particular, notice how the top three trend lines intersect recent trends as well as trends all the way back to early 2015. I find it very interesting and I'd love to know more about it. I'm not a TA expert by any stretch or even a great trader. I've been learning some of the basics of technical analysis and this pattern has me scratching my head. I don't know how to interpret it, led alone draw any conclusions from it or make any predictions based on it. Hopefully someone can point out what principals this pattern works on and I can study up on it further. This chart represents only a single-origin radial trend, but I've got another chart that I'll publish showing other overlapping radial trends like this. The multiple origin charts however get very messy. It's all a very interesting mystery to me.
COINBASE:BTCUSD
by coffeetime
BTC 3848 consolidation on target BTC's 3848 two-week consolidations on target. Actually a tiny bit bullish, just a little. Short and sweet, take it with a grain of salt. ~Ji This is not advice. I don't need to be right or wrong. I don't care if the market goes up or down. Make your Own analysis and trade off of that. If you have positive, constructive criticism and wish to share Please do. Agreeing or Disagreeing is not personal and is welcomed in a positive way. This is not a therapy outlet for negativity. Go join MMA. Happy trading everyone.
COINBASE:BTCUSDLong
by JohnnyJi
Update on the Brent Crude Murray Math lines (Support/Resistance)Brent Crude performed a massive increase in the past couple of days. The previous analysis is still valid, long positions are favorable as long as the price does not break the upward trend. The chart was updated with the different Murray Math price levels, which fits very well the price movements. I think that Brent Crude will rise further since the refineries along the Gulf Coast slowly resume normal operations.
TVC:UKOILLong
by UnknownUnicorn853132
GBPUSD - ContextToo many information on charts. What's a trader to do? Put context around it to filter and see the important stuff. Price got rejected at the upper U-MLH (!) Here we are again. Another rejection will shoot price down to the centerline again (...maybe). If price can manage to crawl up to the orange line - I call this the 1-Line-Trade - I looking for signals to short it. But I'm never in a hurry and I also don't cry if I miss a trade...there are millions to come... Happy new week out there!
by Tr8dingN3rd