Liking the XLM/BTC bullish look!The bounce off the 61.8% Fibonacci retracement support was key and a great sign for the bulls. The Average Directional Index (ADX), which measures the strength of trend momentum, is maintaining strength for the bulls.
Since the green positive directional index line did not cross the red negative directional index line the 61.8% level becomes a nice floor.
I am looking to buy on dips with a stop below the marked support level. New highs expected.
Happy trading!
Thoughts?
ADX
The Long-Term Trend Shows Some Hopium For The Bulls In $BTCWhen you take the long-term trend lines into consideration, the bulls still have a chance here.
Back in late 2015 the Average Directional Index (ADX), which measure the strength of trend momentum, was turning to the upside as the green positive directional index line also increased.. a sign for the bulls to take control.
The trend line was being tested in early 2017 and the ADX was staying elevated for trend strength. The positive directional index was dropping, but failed to cross down through the red negative directional index line to switch trend, so this was a signal for the bulls to continue control.
The next trend line break was in early 2018 where price started to drop, but instead of turning strongly bearish it was a more sideways trading look. The ADX was dropping low to show a weak trend as the bears took over. This created the range-bound wedge moving forward.
To current day, the ADX is still low, but it is still a picture of who is going to take over. If the wedge holds true we should continue higher and resume the bull trend from before. If we break and I am placing a stop, the bears will likely gain momentum and drop the market hard and create the top of the wedge as a continue bear trend.
Buy here, but place a stop of protection.
Still a tough call.
Breaking the Downtrend on BABAWe've seen quite the downtrend on BABA since Spring/Summer '18 and I think a lot of people are wondering when it will end. I think a turnaround will happen sooner than later. Following a bullish divergence on the 1Hr we had earnings that slowed our roll. With a "not-so-great" guidance from the online giant, we fell again to our last support. But what I'm seeing now here is that we are creating a HIDDEN bullish divergence. BABA has seemed influenced by $SPY and the way it moves. But today BABA showed some strength while SPY fell to new lows. I believe we are going to break the long term trend soon (yellow descending line). We will need a pretty strong move and I think if SPY and the rest of the market doesn't cooperate we might not get it. Keep an eye on the longer term and play cautiously. I'm also looking for some strength/crossover on the ADX as well to confirm movement.
Bulls for DINnerI've been watching DIN for a bit waiting for a break of trend. It was recently upgraded to "strong buy" and is right at ATH's. Nonetheless there's quite the bearish trend on the indicators setting up. Major bearish divergence on the 4HR, 2HR, and 1HR. What I'm waiting for is a break of trend BUT keeping an eye on the resistance level. If there's a major push upwards and the RSI creates a new high the setup is broken. But historically, DIN likes to have heavy movements of almost $10 up and down. As usual I'd like to see the ADX crossover on a longer term chart before thinking it'll make a big move south.
[ADXBTC] AdEx Long Term [650% - 1600% PP]AdEx (ADXBTC) touched bottom on the 12th September, it has been moving up slowly every since increasing 50% in price through slow and steady growth.
Let’s position ourselves for massive future earnings.
Trade instructions for Alan Masters followers
Buy in: 0.0000326 – 0.0000358
(Wait for retrace to buy in)
Next support: 0.0000253.
Targets for ADXBTC by Alan Masters:
Mid to long term:
(0) 0.0000445
(1) 0.0000504
(2) 0.0000583
(3) 0.0000652
(4) 0.0000761
(5) 0.0000899
Short term:
(1) 0.0000370 * Target hit 20-Oct. *
(2) 0.0000390 * Target hit 20-Oct. *
(3) 0.0000445 * Target hit 20-Oct. *
Stop loss: Close weekly candle below 0.0000230.
Capital allocation: <5%.
Note: Buy some ADX long term. Leave it there and come back later. Good potential.
CONSISTENT LONG TERM SUCCESS
Consistency can work on your favor for long term success.
Be consistent with what you do, even the wish/desire for more will require a constant injection of energy, consistently, if you want long term success through the evolution of your soul.
You need consistency for long term growth.
I use consistency for my long term success.
I am consistent in what I do, what I ask for, what I want and what I get.
Namaste.
Validation for a bullish call in $BTCThis is a rare pattern that makes a large descending triangle a reversal pattern and not one for a continuation of the bearish trend. In Elliottwave theory when two triangles nest inside a large descending triangle and has 9 hits into the apex of the pattern, and on falling volatility, the pattern favors the bears. So far the pattern is holding true with a breakout to the upside where trend line D becomes our guide of support moving forward.
Momentum is low as the black ADX line drops (why it did not moon on the break), but the trend still favors a near-term bull trend as the green positive directional index line does not cross down through the red negative directional index line. According to this indicator this market turned bullish on the breakout at point 9 on the chart.
As price dropped this last time to test trend line D the RSI did not drop as far showing less sellers on the latest price drop. This should add support to trend line D as we going into next week. The gap on the RSI is a nice bull signal with a lot of room to move before we get concerned about overbought conditions
ADX momentum building Targets set/ entry now Target is projected to be reached before November 25th.
Entry: .0000330-.0000342
Target #1: .00004014 ( investment allocation divide 50% )
Target #2: .00004172 ( investment allocation divide 25% )
Target #3: .00004252 ( investment allocation divide 15% )
Target #4: .00004411 ( investment allocation divide 10% )
stop-loss: .0000315
This opportunity is very solid and is at prime by levels with a tight stop-loss.
Once targets are reached - all I ask is for support and I will continue to give Secret Sniper play calls and help you achieve positive trades -
Early Signs of Nice Support Validation for BTCPrice is on an intersection of support after the latest drop this week.
The RSI is starting to loop up to stay inside a bullish zone - which could bring buyers
The ADX is starting to loop up to keep the indicator in a strength for trend zone. The directional index lines are starting to diverge from each other with the bulls taking control.
Thoughts?
XRP gearing up for a popPrice has been in a tight trading range, but a couple of indicators are showing the red bullish trend line to hold with buying interest likely to succeed.
The ADX is starting to stabilize and turn higher inside the 20-30 strength building zone for trend as support is being tested and the bulls maintain control. The RSI held inside the green bullish zone on the last drop attempt and should stay within the bullish realm with room for buying interest.
Buying should start to come back into this market this week and into next (with protective stops just underneath the red bullish trend line) to pop this market toward previous highs.
Thoughts?
Small Bullish Pattern Signals for BTCSticking with the same chart this week as I posted last week.
Price broke through the black bearish trend line and retraced back to the line, which so far has held as support. With the price staying above the trend line, the bulls maintain control of the near-term trend.
Momentum is easing back, but market sentiment remains as a "buy on dips" near the trend line scenario, or ~$6400.
Protective stop should be placed on a new low under $5800. If support holds the upside objective has a nice look to it!
Thoughts?
ADX | Gunbot trading strategyThis is an example of Gunbot trading with the ADX strategy. Gunbot is a multi platform crypto trading bot.
About this strategy
This strategy is based on ADX , enabling Gunbot to buy when prices are moving up and ADX indicates a strong uptrend. Sell orders are placed when prices move down and a strong downtrend is measured.
Settings used
This example uses the "pure" version of the ADX strategy, meaning both the buy method and sell method are set to use ADX . No additional confirming indicators are used.
The following relevant settings were used, all other settings were set to the defaults:
PERIOD: 15
DI_PERIOD: 14
ADX_LEVEL: 50
Full disclosure
I am the author the Gunbot wiki. This content is only meant as educational material to show an example of how Gunbot can be used, disclosing the full strategy settings used.
Disclaimer:
While every effort has been made to ensure these simulations of Gunbot contain the same logic as Gunbot, they will not always buy or sell at the exact same time or prices as Gunbot (because of TradingView's inability to use ticker prices). This is close as you can get in TradingView to the real thing. Backtesting the past does NOT guarantee profit in the present or future.
Please don't use these exemplary settings without doing your own research. Results can vary depending on the chosen market and it's conditions.
SPX looking interesting for the bearsTwo key indications on the long-term SPX weekly chart to watch.
First, there is a clear divergence between the price and the RSI... a bearish signal
Also, the ADX, which measures internal trend momentum, has been falling as the price was rising. So, no momentum for the bullish move was building on the rise. This is a signal to stall out.
Both of these together could be a precursor to a nice dump.
Thoughts?
ADX / BTC analyticsThe project to create a decentralized blockchain platform, uniting the interests of advertisers and publishers, bypassing intermediaries. An easily scalable idea, but needs to be worked out.
At the end of July, the AdEx project’s token added in the UBCI advertising industry index and the trade volume has grown many times, remaining up to this day. At the same time, the asset continued to fall along with the market and update the bottoms. So, on September 12, the price reached 0.00002319, against the market has already started to gain momentum and grow.
Technical analysis does not work at the token’s chart. Inside platform payments only with it's own tokens occur, then the assets are frozen until the completion of the contracts, which can be quite long. During the day, volatility reaches 3-10%, while there are trades with large volumes periodically. Note that by increasing volumes, volatility is also growing. When opening intraday position, be sure to set stop-losses.
The character of trades on this asset is rather applied in fact, tokens are purchased for operating activities. Not suitable for speculative operations.
There may be good prospects in the long term, but you should wait for the release of the commercial version of the platform.
$ADX 's Price is Suppose to Enter My Juicy Buy ZoneAt least is on advertising business. This token almost having 3/4 of it's total supply in circulating. Has been listed on Bittrex, Binance and Upbit will quite giving a lot of exposure on this project.
Technical parts:
1. As I draw the Elliot Wave it looks like it pretty much at the final of it and look for retrace ment.
2. The first bottom target which is 2711 sats was quite strong for a couple of bounce. Which i can tell, if it should be retraced then it should bounce from that level.
3. The same pattern as before, you can see it breached the box.
4. RSI level heading south, an additional bearish bias.
My next target of ADX sell order should be around 3919 sats and above, on this case, we're at least in mini alt season or ADX listed on big exchanges like Bithumb. Boom.
Safe Trade!
Careful with LTCWatch for a test of the trend line drawn on the chart. As price recently made a new high it made it on a divergence against the RSI. This is a bearish signal that should continue to drop the price this week. Also, trend momentum has been losing strength based on a falling ADX.
If momentum for the bears builds strength as the trend line is tested, be careful of a re-test of the previous low, or even a new low could be imminent (arrows on chart).
Questions let me know.
Yawn...Low momentum is still the call here for ETHUSD.
More range-bound to lower trading ahead.
With near-term Fibonacci resistance holding, and no momentum to break to the upside, look for more selling interest to come to market this week. The recommendation is to hold until there are bullish signals coming across the internal indicators, otherwise wait for more downside opportunity.