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Negativedivergence

DJI end of the upwards momentum & signals for an explosive move!Squeeze Momentum Indicator implies that the upwards retracement after the bottoms has come to an end. However, it has not given a clear signal of the direction of the next momentum in the market. By combining this information with the Volume Flow Indicator (VFI) we can see that the upwards trend is really losing its vitality. Besides this the occurring negative divergence with the price gives a bearish signal that may signal a major negative price move. However, you should notice: Divergence isn't to be relied on exclusively, as it doesn't provide timely trade signals. Divergence can last a long time without a price reversal occurring. About the Squeeze Momentum Indicator This is a derivative of John Carter's "TTM Squeeze" volatility indicator, as discussed in his book "Mastering the Trade" (chapter 11). Black crosses on the midline show that the market just entered a squeeze ( Bollinger Bands are with in Keltner Channel). This signifies low volatility, market preparing itself for an explosive move (up or down). Gray crosses signify "Squeeze release". About the Volume Flow Indicator (VFI) VFI, introduced by Markos Katsanos, is based on the popular On Balance Volume (OBV) but with three very important modifications: Unlike the OBV, indicator values are no longer meaningless. Positive readings are bullish and negative bearish. The calculation is based on the day's median (typical price) instead of the closing price. A volatility threshold takes into account minimal price changes and another threshold eliminates excessive volume.
DJ:DJIShort
by krisu619
3
BTCUSD Bitcoin to $5200 by August-September?Greetings Traders, As you know, I post very little on TV lately. This is mainly due to the fact that I have transitioned my trading style from shorter term (days, weeks) swing trades to longer term (weeks, months) swing trades. I have found myself to be much more accurate, in terms of charting analysis, in this style of trading, and thereby, more profitable. That being said, I thought I'd jot out another quick summary for Ole' BTC, as we are coming up on another very important decision point and BTC will be facing AND IS facing some very major resistance points ahead. Now, I know that a lot of the PROS are calling for us to finally break out of this two year+ triangle we've been enclosed in since 2017. But as I look at BTC in correlation with the S&P and the DOW and BANKS, I can not help but note how parallel the movements have been. I don't know that I see BTC breaking that correlation just yet. As of now, the BANKS are all leading the way down. DJI follows. And then, of course, SPY. BTC seems to watch what all (3) three do before making it's move to follow. One day BTC will grow up and stop being a follower. I don't think that time is just yet. You can see from the chart that BTC has been stuck in a fairly narrow channel trending up since March. This move up, again, has correlated with the larger markets. As stated, these markets have all started their direction change and are moving down. I have SPY, DJI, BAC all charted and following trends as expected. If any of you would like for me to post these charts, just request and I will do so. The channel up looks to be at the end for BTC. Again, as I have noted, BTC has always followed the larger market, which has started to descend. Additionally, as noted in the charts, we are facing major resistance levels: 1) the top of our multi-year triangle (I will post a zoomed out view in a follow-up comment), 2) RSI resistance. Finally, note the declining volume as we have ascended these last several months. I do believe volume will return, and when it does, I believe the bears will win. I see BTC descending to at least the 200ma (currently at $8000). Below that we have a level at around $5900. And if the broader markets continue their descent and BTC continues to follow, I see BTC down to the bottom of our triangle once again by the end of August ($5200). I will post updates here as my views progress and/or change. This is a strange time we exist in and right now, ANYTHING IS POSSIBLE. I am counting on people in this great country to make a big difference in the direction of our collective future. As these changes occur, the markets will reflect them. This is a very news driven time we live in. Stay tuned. Best of luck traders!
COINBASE:BTCUSDShort
by stewdamus
3