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Breadth Indicators

My 2 Cents on #BitcoinHi All, I do have some long Bitcoin trades on at this time... The #OBV is testing resistance on the hourly chart, So if it doesn't brake it... The #RSI is looking at the resistance and support on the hourly chart. I have a feeling that we can see a break out to the upside... Because for now, we have been in a very powerful bull run... The price action on the hourly chart, has found support for now... Support is in the blue box with the white outside... I can see it re-test $91,00.00 USD soon, I hope it go's to $10,000 USD then come back down... Guys and Girls, What do you think... Do you agree or not?
COINBASE:BTCUSDLong
by ADHDing_
1
Market internals - NYSE TICKThe NYSE Tick Index gives us the relationship of stocks up ticking versus down ticking. The Tick is an extremely useful tool for intraday traders. For Example: If there are 3000 stocks trading on the NYSE and 1500 trade higher from their previous price and 500 trade lower than their last price the Tick will read +1000. But wait what about the other 1000 stocks? They could be unchanged from their last price. When using the Tick we are looking for extremes to enter or exit a trade. Tick readings of +1000 or -1000 are considered very strong as we typically trade between 1000 most of the time on the NYSE. Tips for Using the Tick: Tick readings within |400| indicate chop, ignore them On a range day you can look to fade tick extremes A 1 period moving average can make it easier to see the trend of the Tick Note the extreme tick readings for the day: When we get a high tick and a high in price at the exact same time, this could indicate the high of the day. When a high tick prints without a simultaneous high price we can continue to make new highs, until a new high tick is reached (the reverse is true for a low tick followed by new lows).
USI:TICK.US
by JZ_Trading
DUAL STRATEGY : Bitcoin and BNB - Live Trading Report Hi guys, Before I explain the strategy, here is a little story. Not earlier than yesterday, I got a very constructive comment: " Why should I buy your scripts ? If really they were working you would be on permanent vacation. " The guy was right and I think the same towards people who sell their knowledge on the internet. However what he didn't know is that I was a finished my studies not long ago and that my capital for trading right now is exactly... 393.84 USDT. This means that in order to make a living with it I'd have to make 300% a month using 100% of my equity. But he is right. DO NOT buy my scripts yet ! Let's see if I can become rich using my own script. In this idea I will post below all my trades, even if they are catastrophic. This is why I will ask you to smash the like button in order to receive updates and see what happens ! (And if you don't like you can always tell me you how much you hate me in the comments) Note: I use a trading bot for placing my orders on Binance. Thanks to the TradingView and Autoview teams, I do not have to manualy place the orders. Let's move on to the strategy. DUAL STRATEGY : Bitcoin and BNB Rules: as a hobbyist in trading, I prefer not to use leverage or shorts. This is why I will only buy and sell on Binance. Initial Capital : 393.84 USDT Goal : Beat Buy & Hold ie. perform better than a holder during the whole period of the strategy. How it works : It is called the Dual Strategy because I use two strategies in parallel. The idea is to make a bit more Bitcoin than a single strategy would do. 1. a strategy for BTC/USDT in 4h. When a Buy Alert triggers, I buy BTC with my USDT. e=binance s=btcusdt b=buy t=market q=97% (Autoview Syntax) When a Sell Alert triggers, I sell BTC for USDT and I sell BNB for USDT. e=binance s=bnbusdt b=sell t=market q=97% e=binance s=btcusdt b=sell t=market q=97% 2. a strategy for BNB/BTC in 5m When a Buy Alert triggers, I buy BNB with my BTC. e=binance s=bnbbtc b=buy t=market q=97% When a Sell Alert triggers, I sell BNB for BTC. e=binance s=bnbbtc b=sell t=market q=97% As you can see, the 2nd strategy will automatically stop working when Bitcoin is crashing, because I will simply not have any BTC on my account. Last signal on the BTC Strategy was a sell so right now I am in USDT : 393.84 USDT Let's get started ! What will happen next ? I can't wait.
by cyatophilum
4
Ethereum Long Strategy - Bands Pro Trader V3Hello, If you trade Ethereum ( ETH/BTC ) on Binance and want to make more BTC even when the bears take over ETH, then this strategy is for you ! The goal as we do not use shorts or leverage, is to beat the Buy & Hold line ! ( see backtest below ) For this you can use my script Bands Pro Trader : The configuration is simple. Set the Bands Lookback to 58 and keep the smoothing to 10 (default value). Activate a 2% Stop Loss with a Trailing Speed of 1. Activate a 6% Take Profit. Note: Profitability ( % profitable) can be increased to 55% by reducing Take Profit to 1% Get access to the Cyatophilum Indicators today ! Join my Discord channel for more configurations ! Leave a comment and a like if you want a free trial, thanks !
by cyatophilum
1
$SPY - Weekly Chart Analysis Heading Into Easter Long Weekend$SPY - with its consistent grind for the month of April, we have finally found ourselves approaching ATH (All time highs) from back in October 18'. All indicators illustrating market breadth is exhausted and due for a pullback. With earnings and volatility arising in the majority of S&P names, we will be mindful of both directions the market can take. For healthy longs, we would like to see a slight pullback to $285-$290 level of consolidation to let the market catch it's breath and overbought sentiment. Main focus for day trades have been day 2 continuation plays off highly correlated news-based plays moving irrelevant to the market conditions. Other focus setups have been on the earnings reports and pre-market gappers that also tend to more irrelevant to the market conditions. Still keeping a mindful approach to how the $SPY is acting in conjunction with my watch-list. On gap up days, market tends to give less opportunities at the open and for longs. Key is to be patient, let the pullback/dip take place and base out, then look to attack the healthy long setups that have bullish support from the overall market. If we do hit doomsday mode where media and major names start to tank during earnings season, will look to focus my watch-list on the inverse ETF's (UVXY, TVIX) as they are my bread and butter during volatile market dips. Have a great long-weekend everyone and I will see you all Monday!
AMEX:SPY
by BullsOnWallStreet
Price Momo ReversalNEPT finally filled the gap to 2.98, the trendline held support, and it has been in a strong recovery ever since. DPMO crossed above signal line, RSX crossed above midline. The last three trading days, NEPT has been testing the downward trendline resistance that has been forming since September. Although "technically" the TTM squeeze did not fire, you can see the bands squeezing the keltner channel on the chart. On watch for a breakout above the downward trendline resistance and Ichimoku cloud. I'm buying the breakout above 3.50.
NLong
by LDC870
$SPY - Market Analysis and Game Plan Going Into The Week$SPY - still not seeing the strength I wanted to see in my watch-list last week. This is especially true in the smaller caps. Pre-Market gains are consistently getting faded off in the morning, making it tough for market open traders to see follow through on their momentum based gapper setups. Some points for me going into the new week: - Wait 10-minutes after market open to find the trend and wait for market to base out - Refrain from trading small caps if possible, stick to higher priced names that are moving off earnings & PR news this week - Be mindful everyday of $SPY gap's & volatility - If market reverses, switch focus to TVIX & UVXY (inverse ETF's) to capitalize on the volatility and downside range of the market - Patience, trade less (wait for A+ setups) Have a great trading week everyone!
AMEX:SPYShort
by BullsOnWallStreet
$SPY - Daily Chart Extreme Overbought & Parabolic Snapback Setup$SPY - our $283 level of resistance finally broke over with the market busting over and gapping up this week. Spy currently sitting at $288.26 at time of post. Highs of market are at $293.85. 7th green day in a row, constant gap ups making it hard to get day trades with market breadth sucked out before market opens. In individual names, I have been take about 30% less trades than normal. Longs my hold time is about 1/2 of what it was a few months ago. Always have to adapt and find the trend with market conditions. $SPY - expecting a pullback sooner than later with stochastics now at 90.17. Market is due for a breather and pullback to at least 9ema, otherwise other notable level is $283 area again (for tap off support). Have a great weekend coming up!
AMEX:SPYShort
by BullsOnWallStreet
$SPY - Daily Chart Analysis$SPY - after a strong rally from the pullback in the first week in March, we have now approached an overbought level under $283. Stochastic's are over 80 showing us overbought condition, along with a pinch of the upper bollinger band on the daily chart. We also have a thick area of resistance/buyers in the low $280's from the past 6 months of price action. All of this indicates, for a bullish move, we want a consolidation under this $283 level, while the stochastic and bollinger bands catch up to price action. A basing action under this level should signify a daily breakout to highs again. Bears are looking for either a gap up into resistance, for a pullback to support under $280, or a fade off the low $280's for a pull back to $260-$270's. No direction made yet just a constant grind for the last week in the market. More and more intraday longs are getting faded, also signifying market weakness, or potential short-term reversal for bulls. AMEX:SPY
AMEX:SPY
by BullsOnWallStreet
WTI Long - TTM Squeeze SetupSqueeze has been on for 10 days. Momentum has flattened out and is now turning positive. RSX curving back up, crossed above mid-line. DPMO shows a false top and beginning of another bounce. Look for confirmation by establishing support around 55.60. First PT is 59.64; second PT would be retracement to .618 fib level at 63.75. Of course, this squeeze could be scuttled by any number of macro factors (US-China trade deal news, EIA/API builds, a stop in OPEC cuts); but those same factors could also fuel a strong breakout if they are more positive than currently expected.
OANDA:WTICOUSDLong
by LDC870
QUIK worth monitoring closelyIt appears that the Marketwatch article yesterday more than doubled the usual volume for this ticker. The 1W chart shows the following indicators that piqued my interest: TTM squeeze on, any continuation this week would likely trigger a release. RSX higher highs/higher lows and currently crossing mid-line, indicating there's room to run much higher despite yesterday's 30% gain. Recent PMO crossover at approximately -10; the last time QUIK saw a PMO crossover at this level on the weekly chart was October 2016, where the price moved from ~0.75 to ~2.50 by early March 2017. Although not visible on the 1W chart, there are three significant gaps above the current price that remain to be filled on the daily chart: 1.31-1.56, 2.48-2.90, and 3.78-4.01. To reach the last two gaps, QUIK would first have to clear the strong resistance trendline dating beginning Feb. 2015; however, if it is able to breakout above this trendline, there's not much stopping a run-up to 3.00. I'm not taking a position yet, but I will be watching for entry. Disclaimer: This is only opinion. This is not investment advice. You are responsible for your own trades and conducting your own due diligence.
NASDAQ:QUIKLong
by LDC870