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BTC - D1 - TRIANGLE TARGET @ 23590 - SELL ON RALLY!D1 : Yesterday's price action , a long black candle with an intraday low @ 28800 ! and a closing price # 30818 confirmed a clear breakout of the triangle pattern, calling for a technical target @ 23'590... Nevertheless, after this sharp decline, it is likely to see some technical recovery which is expected to be relatively limited and which should be seen as a CORRECTIVE move only in a BEARISH trend and not as a trend reversal yet ! Indeed, in order to neutralise the ongoing bearish price action, BTC should at least recover above KS, currently @ 33915, which is also the middle of yesterday's black candle, ahead of TS @34456 and finally MBB @ 35975; only a move above the latter level would force to a view reassessment of the expected bearish scenario calling for a move, towards first 27426, which is the 38.2% Fibonacci retracement (3850-42000) and then towards the triangle pattern target @ 23590, also daily clouds support area. I mentionned several times in my previous post the importance of both MBB and TS as leading indicators ! Have a look at W1 price action, which for the time being does not look very encouraging...
BITSTAMP:BTCUSDShort
by Ironman8848
1
TTC - D1 - TRIANGLE BREAKOUT - YES OR NO ?D1 : Yesterday^s closing below both TS and MBB with an intraday low @ 33400, close to my technical target of 33250 mentioned yesterday morning in my previous post. On going price action is showing a POTENTIAL downside triangle breakout which should be confirmed on closing basis this evening. A closing outside of the triangle would be the first signal of a trend reversal, calling for lower levels. (pls see H4 update after 9am, Swiss time) :-) May your long goes up and your short goes down. Have a great trading day All the best
BITSTAMP:BTCUSD
by Ironman8848
1
BTC - D1 - POTENTIAL TRIANGLE BREAKOUT IN PROGRESS !!!D1 : Recent price action triggered an intraday move towards a low so far@ 34'800 Currently traded below both Tenkan-Sen (TS) and Mid Bollinger Band (MBB) ! Uptrend triangle support line currently under attack... Watch closely today's closing for clues A failure to stay and hold inside the triangle pattern would give a warning of a potential trend reversal calling for a move towards 33250 (KS) as the first significant technical target ahead of the psychological 30'000 area ! Interesting to note that the 23.6 % Fib ret is @ 32987 and the 38.2% @ 27403...
BITSTAMP:BTCUSD
by Ironman8848
BTC - H1 - DOUBLE TOP IN PROGRESS - MBB under attackH1 : Trigger level of the double top @ 35430. Targe @ 33410 3rd consecutive failure to hold above support trend line MBB currently under attack a failure to hold above it and above KS @ 36113 which is also the current intraday uptrend line support would give a bearish signal, calling for lower levels.(with clouds support zone,slighlty lower, bottom, also coinciding with the double top trigger level !!! Finally, a move below 35430 would : 1) Activate the double top formation 2) Invalide the recent intraday uptrend in broking the support trend line
BITSTAMP:BTCUSDShort
by Ironman8848
BTC - H4 - SECOND SHOOTING STAR !H4 : Last candle triggered a second "shooting star". Important to note that both patterns took place following the failure to upside breakout KS Moreover, clouds support is very thin = fragility ! In addition, MBB and TS also coincides with the clouds support area. Watch also the first uptrend line support (the one which rely the closing lows) as the first significant support line, ahead of the one relying the low of the candles. There is also a double top formation in progress (shooting stars top !) with its trigger level @ 35430 A failure to hold above 35430 would open the door for a target @ 33410 On the upside, in order to neutralise further downside risk, we need to see a recovery above former highs (37450 & 37320) Finally, as long as we stay below the former downtrend line resistance (in red) the trend remains BEARISH ! Currently, in a broad triangle pattern where a breakout should occur over the coming hours, either on the upside or on the downside... Wait and see
BITSTAMP:BTCUSD
by Ironman8848
5
BTC - D1 - CAUGHT BETWEEN MBB AND TENKAN-SEN ...D1 : Still holding above MBB which remains one of the trend leading indicator with Tenkan-Sen. Yesterday's price action triggered a "Doji" pattern which confirm indecision and uncertainty. As long as we hold above MBB, that should be seen as a constructive and consolidation price action calling for higher levels with renewed focus on recent peak @ 42'000. On the other hand m a failure to stay above MBB would this time confirm a TREND REVERSAL, an trigger heavy selling pressure as the mood will move from BULLISH sentiment to a BEARISH one ! Next important supports being 32350 (KS) ahead of the psychological 30'000 area. (interesting to note that the former low is @ 30261 and the 38.2% Fibonacci retracement @ 29776
BITSTAMP:BTCUSD
by Ironman8848
BTC - H4 - Below Tenkan-Sen and MBB...H4 : Currently traded below both Tenkan-Sen and MBB. Moreover, the uptrend support line is under attack !ü Clouds support zone looks quite fragile. A failure to hold above the 36250-36000 area would direcly put the focus on lower levels towards, first 34'800 which is the clouds support area ahead of the congestion zone support @ 33800. On the upside, as already mentioned previously on my D1 comment, 39150 (which coincides roughly with the downtrend line resistance) and more important the former high @ 40112 remains the levels to break in order to reverse the bearish price action currently in place. Sell on rally
BITSTAMP:BTCUSDShort
by Ironman8848
BTC - D1 - BEARISH ENGULFING PATTERN...D1 : Yesterday's price action triggered a Bearish engulfing pattern. Intraday recovery failed to upside breakout the downtrend line resistance which remains an important area to clearly break which if done, would confirm further upside. 36130 (Tenkan-Sen) remains, as already mentioned several times in my post one the main leading indicator. 34400 ( MBB ) is the second support which should be seen also as a very good barometer, as already seen in the past. 32191 is the ultimate support, a failure to hold above that important level would trigger a sharp downside move Conclusion : on D1 basis, BTC , need, in order to stabilize the downside risk, quickly recover and hold above at least 39150 (closing & opening of former sessions) which would confirm an upside breakout of the current downtrend line resistance. Sell on rally towards the downtrend resistance line See H4 post which will posted in the next couple of minutes for intraday clues Have a great weekend. Best Ironman
BITSTAMP:BTCUSDShort
by Ironman8848
BTC - D1 - H4 - H1 : Tenkan-Sen remains the leading indicator...D1 : From the peak around 42'000, 3 successives black candles confirmed a trend reversal ! More important Tenkan-Sen, which I mentioned several times, should be seen as the leading indicator is tested and under attack A failure to recover and hold above it would trigger further downside selling pressure, openning the door for the 32000 area (32151 being the 38.2% Fibonacci retracement of the rally from 16218 torwards the peak ! Below the MBB (currently @ 31355) is the next support to watch at very carefully as you can see in the past. H4 : Breakout of the MBB triggered a strong downside move (Both Tenkan-Sen and Kijun-Sen broken !!) Clouds support area... for the time being hold and rejected downside breakout on a H4 closing basis H1 : Failure to hold above the clouds triggered a first sharp selloff, then pullback towards the clouds again, failure to recover above the clouds and second selloff Conclusion : watch carefully Tenkan-Sen and MBB on all time frames ! Bullish above and Bearish below
BITSTAMP:BTCUSDShort
by Ironman8848
BTC - D1 - Tenkan-Sen = GOOD BAROMETER !D1 : Very impressive price action Tenkan-Sen, currently @ 29642 should be seen as the first significant support on a Daily basis analysis, ahead of Kijun-Sen and MBB H4 : Same picture than D1, first support @ 32050 and of 31064 and 30680 H1 : Watch MBB , ST bullish above and ST bearish below M15 : 50% Fib ret of last upside move is @ 32'400 which is roughly the middle of clouds support zone Conclusion : As long as BTC stays and hold above Tenkan-Sen, which worked, so far, perfectly well as a support indicator the trend remains bullish on a daily basis for higher levels. Only a clear breakout of Tenkan-Sen, currently @ 29642 would force to a reassessment view of the expected bullish scenario
BITSTAMP:BTCUSDLong
by Ironman8848
1
BEST 15M TRADE STRATEGY USING MOST CURRENT PROGRAMED INDICATORS THIS SHORT TERM TRADING STRATEGY IS USING THE MOST CURRENT PROGRAMED INDICATORS TODAY IN THE MARKET. Trade pairs with no news that trading session. Trade daily trend of either the current 4H or Day chart (MACD/SIGNAL LINES, 5/10EMA LINES SHOW DIRECTION). US session - trade anytime after CLOSE of 1st 15m bar as NYSE opens - 9:30 am ET. Asian session - trade anytime after CLOSE of 1st 15m bar as JPY opens - 8 pm ET. UK session - Trade anytime after CLOSE of 1st 15m bar as GBP opens - 3 am ET. Add Kijun-Sen indicator - The Kijun-sen also means "base line" and is the mid-point of the 26-period high and low. When the price is above Kijun-sen then short- to medium-term price momentum is up (price below momentum is down). This indicator determines trade directional bias. Add volume indicator - check volume MA box: shows you the average atr value line (choose whatever color). Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. We look for the volume bar to have reached the volume ma line to trade 100% position size or at least reach. 75% to the volume ma line to trade 1/2 position size. Do not trade if these rules are not met. (Reset setup). Add %R indicator - Period 10, levels -20/-80, add -50 level, your own line color preference. Williams %R, also known as the Williams Percent Range, is a type of momentum indicator that moves between 0 and -100 and measures overbought and oversold levels. The Williams %R may be used to find entry and exit points in the market. We look for oversold condition below -80 level to confirm short entry or over bought condition above the -20 level to confirm long entry. This is contrary to past training but this works best on smaller time frames for the %R indicator. Add Macd - faster settings of 12 - 17 - 9, Histogram only, make all bars red & green, uncheck macd & signal lines. We look for histogram bars to be moving towards the zero line or a cross over of the zero line to confirm entry. Trade Management: trade anytime after trading session candle CLOSED. 1 - Position size (compare volume bar to volume ma line). a - Candle must have reached the average volume line 100% for a full position size. b - If 75% of average volume line then ½ position size. 2 - Enter two trades. 3 - SL for both trades will be 5 pips above Kijun-Sen+ line. 4 - 1st trade TP will be 12 pips or 1 x ATR of pair. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price or exit if price stalls. EURAUD 15m Short Trade - 1st 15m candle close of NYSE open. 1 - Price below Kijun-Sen+ base line so bearish bias. 2 - Volume bar at ATR average line so price has momentum - trade 100% position size. 3 - %R oversold below -20 level confirms entry. 4 - Macd with red bar below 0 line confirms entry. 5 - 1st TP hit - 2nd trade SL moved to breakeven. 6 - As price continued to fall 2nd trade SL followed highs of previous candle to current price candle. 7 - Either SL was hit or exited trade because price candles stalled sideways.
Short
by Tradingstrategyguides
7
What do you do Mr. Bitcoin ?Hi guys. How are you ? What do you do in the market fluctuations ? In these days, many people are afraid of the fall of the bitcoin and ask me what will happen ? If you remember, in my last analysis I had predicted this conditions and prices. I said before the uptrend started, price will touch the bottom of descending triangle pattern. And now with look at weekly time frame, I think we will have 2 scenario for the future. 1) In weekly time frame we have nice falling wedge. If strong Marubozu candle break out top of the falling wedge pattern and descending triangle, we can be optimistic about the future of the Bitcoin and trend reversal. After that we can estimate that the Bitcoin will go up to 10800$ level at first step and then to 15600$. I have more reason for this scenario ! Look at the retracement fibonacci. The price is close to 78.6 level and we have multi layer resistance at this zone. Crossing this area is not easy for the bears ! 2) If the price fails to break the patterns we can expect bitcoin drop to the bottom of the falling wedge and then get ready for uptrend. I have more reason for this scenario too :-) The candles are under Kijun Sen and Tenkan Sen on Ichimoku indicator. Tenkan Sen plays the role of a resistance and Kijun Sen has pull down its head and goes to the candles. In this case, until Kijun Sen reaches candles, the price may fall further to 4600$ ! So in these days, we must carefully monitor the chart. What do you think ? Have a good and profitable trades.
BITFINEX:BTCUSDLong
by UnknownUnicorn1255647
IOTA could be potentially ready for a REVERSAL (Part 3)My series on IOTABTC continue here. As predicted in Part 2 (scrolling down the post) after the upside move driven up by Bitcoin yesterday, IOTA move downside aprroaching the Kijun-sen of the Ichimoku Cloud at around 0.00014880; If IOTA on the 4H chart found support on that yellow line, it can go sideways for a couple of days and then move to the next resistance level at 0.00017000. All depend on Bitcoin in the next days; If BTC wiil crash, all the other alt coins will follow. Simple. P.S.: Sorry guys, I have forgot to tell you in previous charts that I'm using the Log scale. For the Ichimoku Cloud: set the periods on 20-60-120-30 and you will have a smooth and less confused cloud on chart (follow @crypto_rand on Twitter & @CarpeNoctom on both Twitter and Youtube - the last on his YouTube Channel shows very well how to use the Ichimoku Cloud and other indicators - He has been very useful at least for me). LINKS: twitter.com twitter.com www.youtube.com
Long
by AlbertoRossi
XLMUSD Likely Hourly Kumo Breakout Setup XLMUSD is setting up for a strong follow-through breakout following a healthy pullback. The hourly chart shows a bullish double bottom candlestick pattern during accumulation phase. The Ichimoku cloud system shows price broke through the white Kijun-Sen (along with a T/K cross) and has now re-tested the line without a close below. The cloud top will act as resistance, but the bullish cloud twist and Chikou-Span line being supported by the cloud suggests a breakout is eminent. Likely to see higher prices in the next 6-36 hours.
BITTREX:XLMUSDLong
by Red_Ben
5
EM-BTC analysis (Ref.)TO Ichimoku Cloud system is focuses on equilibrium, moving averages, and dynamic support and resistance zones. So, for a instance when you look fast for the actual moment for this asset, it appears that it is possible to make a entry; however, there are three things that highlight-me a no-entry: The Lagging Span IS NOT above the price, the price is between Tekan-sen and Kijin-sen , and a short time-frame analysis is necessary for a better entry. For those that have 'balls of steal', it is possible to leave bids on Kijun-sen in an attempt to get some money and sell it at the instance that the price goes up. (I dot not have that courage. So, I do not recommend this craze strategy, lol.) It is possible to notice that there is a Pivot (P) that shows a possible support region. So, let's see whether the probability works in our favor. To interact with this chart, click on it of in RELATED IDEAS below.
by lc_parente
2