AlphaBotSystem

AlphaBotSystem

Ripple (XRP/USD) is currently consolidating below resistance as defined by the bearish order block at R1. Our Directional Bias indicator currently has a long bias, so it would make sense to look for a long entry. The bullish order block at S1 is a logical place to find support and to enter long. The first target after that would then be the top of the range at...

AlphaBotSystem

Looking at the Euro’s value in US dollars (EURUSD) to find the general trend and potential entries and exits. We can see historically, due to the momentum of the trend, that using a trend indicator like our Directional Bias Indicator has led to having a rather successful long./ short bias. Above the yellow line, the bar color is green, and the bias is long....

AlphaBotSystem Updated 

Looking at the Dow Jones by charting Dow Jones Mini Futures (YM1!) to find exits and entries in the current uptrend on the 1 hour. We got a long signal from our Fractal Trend indicator (background color) plus our Breakaway Scalper (bar color) on April 5th. Since that trade is already well underway, and since the previous bearish order blocks were already used...

AlphaBotSystem

Looking at Ethereum (ETH/USD) on the 4 hour to find potential resistance after a recent long signal. We are using our Fractal Trend indicator to determine the trend (denoted by the background color) and using our Breakaway scalper to find trades in the direction of the trend (denoted by bar color). To confirm a trade, we want bar color and background color to...

AlphaBotSystem

Looking at ETH/BTC for potential support and resistance levels on the weekly timeframe. The goal will be to define the current range and to see what a breakout or breakdown from the current range might look like. First, let’s look at the current range. The current range has been established between the order blocks at S1 and R1 as illustrated by our Order block...

AlphaBotSystem

Looking at Commodities via the Thomson Reuters/CoreCommodity CRB Index (TRJEFFCRB), an index that tracks 19 commodities including coca, coffee, copper, corn, gold, orange juice, soybeans, unleaded gas, wheat, etc, to see if the 1999 bottom will continue to hold as support today. We can see price has currently found support on the bullish order block formed back...

AlphaBotSystem

Looking for potential support and resistance levels on the S&P (SPX500USD). The first idea is to look for how a bottom might look if formed here. Two likely situations are: 1. A higher low formed around here which creates a sort of “V” shaped bottom. 2. A “W” shaped bottom formed with a retest of the previous low. A failure to put at least a local bottom in...

AlphaBotSystem

Bitcoin (BTC) looks like it could be breaking to the upside from its current range. The next potential resistance would be the range created by the bearish order blocks shown on the chart at R1. If Bitcoin cannot rally, then support levels below include the bullish order block at S1 formed by recent price action and the order blocks below that created from price...

AlphaBotSystem Updated 

US Light Crude Oil Futures (CL1!) looks bearish by any measure, as you can for example see using our Fractal Trend indicator. Given this, we are looking for potential support levels. The first noticeable support is right around here. Price may try to consolidate and find support on the bullish order blocks at S1 formed in 2002. Looking at the green arrows on...

AlphaBotSystem Updated 

Looking at S&P 500 mini futures (ES1!) we can see some order blocks as realized and potential support and resistance. A bearish order block was formed at R1 in late February and acted as resistance in early March, while a bullish order block was formed at S1 in early March acted as support at first but eventually failed on March 5th. In that time a bearish order...

AlphaBotSystem Updated 

Gold (GOLD) is currently correcting from its March 8th and March 26th highs. Price was rejected at the upper bearish order block at R2 created by previous range highs. It is currently testing the range denoted by our Directional Bias indicator created in early 2020 at S1. If this range fails to hold as support we might look for the range at S2 created in 2019...

AlphaBotSystem

Looking for a potential bottom on ETH/USD. The question is: will ETH manage to maintain a higher low here, finding support on the bullish order block highlighted on the chart, or if we are looking at a retest of the order blocks below at roughly $50 and $16? Recent price action wicked down to the lower current bullish order block highlighted on the chart, and...

AlphaBotSystem

Looking at Bitcoin (BTC) since 2012 using BLX we can see a general uptrend since Bitcoin began trading which is illustrated by the white curved trend line on the chart. This uptrend can be looked at in cycles that are roughly broken up by pennant patterns in price action and having dates. Right now we are approaching the apex of a current pennant after testing...

AlphaBotSystem

Our Directional Bias indicator is giving a long signal for ES1! S&P 500 Mini Futures after giving a short signal on February 24th. In past bear markets, such as the one at the end of 2018, we have seen Directional Bias give a long signal during a bounce before the bear trend continued. Will this rally hold, creating an epic V shaped bottom, or are we going to...

AlphaBotSystem

Boeing (BA) remains bearish on longer timeframes by most measures. However, our Fractal Trend indicator’s short signal that began Feb 20th ended today, March 25th. Despite this, we are already seeing a reversal of the current bullish trend as price reacts to the previous range. Will be looking for reconfirmation of a short trend according to Fractal Trend in...

AlphaBotSystem

S&P 500 mini futures remain in a clear downtrend on higher time frames since February 24th according to our Directional Bias indicator. Meanwhile, our Breakaway Scalper indicator has given a short signal since March 9th. Today, March 24th, the built in trailing stop loss for the Breakaway Scalper was triggered. The market has rallied on hopes a coronavirus...