Centered Oscillators
ADA/USD: Cardano to $6.57 USD soonCardano it's into this bearish channe that was formed from $3 USD and down to the exactly main support $1.92 USD. Cardano still above of $2 USD.
But I look in Daily timeframe that Cardano could to repeat this pattern that would lead Cardano to over $6 USD per coin in medium to long term.
And very important, MACD it's showing us strenghten by bulls and Cardano it's preparing to explode the price.
We could to look altseason in this cryptocurrency. And also, I update my Bitcoin recently analysis.
Don't sell your ADA, keep them!!!
Crown Castle historically rides much higher; Will it happen now?The full analysis is well worth the read. CCI signaled BUY 2 days ago. The delay in upward movement is between 1-3 days (the median delay is 1 day). We are beginning the third day today which means upward movement should be imminent. Of the 15 times the RSI algorithm has signaled on the daily chart has lead to the stock rising a minimum of 11% over the next 35 trading days. If history holds true, that means the stock could rise to at least 195 which is a significant jump. Of course this may also be the occasion for the stock to move up and the minimum movement be more around the area of just a few percent.
Based on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on September 28, 2021 with a closing price of 175.06.
If this instance is successful, that means the stock should rise to at least 195.49 which is the bottom of the larger green box. Three-quarters of all successful signals have the stock rise 15.451% from the signal closing price. This percentage is the bottom of the smaller green box. Half of all successful signals have the stock rise 18.955% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock rise 28.996% from the signal closing price which is the top of the smaller green box. The maximum rise on record would see a move to the top of the larger green box. These are the same concepts for the levels in the red boxes as well.
The ends/vertical sides of the boxes are determined in a similar fashion. The peak of the rise can occur as soon as the next trading bar after signal close, while the max rise occurs within the limit of study at 35 trading bars after the signal. A 1% rise must occur over the next 35 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 12 trading bars; half occur within 28 trading bars, and one-quarter require at least 32 trading bars.
The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement.
As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
GBPUSD POTENTIAL SHORT OPPORTUNITYIt has been awhile but wanted to make a post on this trading setup coming together. It was funny because I had been long this pair from the recent structure level in hopes of a 100 pip or so movement to the upside before this drop but this drop came sooner than expected. But anticipated. SO LETS DIVE INTO THIS!
1W CHART: As you can see on the weekly timeframe price has been holding around structure levels of 1.38200 FOR MULTIPLE MONHTS NOW SINCE JULY. Most recently you can see price is breaching this structure level with a strong push of momentum.
1D CHART; On this timeframe it is showing on the daily timeframe we finally see strong seller momentum break to the downside on this currency pair. With the previous momentum of the buyers being taken out. This strong push to the downside shows that this is a good breach and that it was a good level of structure. Now it will be dependent how the pullback comes in. We want to make sure it is a weak and struggling push by the buyers into structure which will display the dominance of the seller in the GBP.
4H CHART; This chart can be used for risk levels as well as entry. Looking for weak buyer pullback back into structure (NEVER WANT TO CHASE A TRADE) and then wait for that "mini-trend" in the pullback to die out with seller momentum coming back to look for opportunity to go short again.
CHEERS!
long term CCI trend changing signalAs you know, CCI(Commodity Channel Index) is the indicator of how difference from MA(Moving Average). If CCI(period) value is 0 then it is the same value of the SMA(price, period). Indication of overselling or overbuying will be counted by -100 and 100 value of CCI. What I chose value is 240. which is almost a year of period. My signal will be plotted this long term CCI indicator cross over -100. But I don't want it to be marked in case of long term CCI value fluctuating from -101 to -99 which will be marked frequently. Thus I put candle counter of 60 days after cross under -100 then only I count for cross over -100. By this I have very good signal to mark on the chart. Please enjoy my signal and have good profit from it~! Gazua~!
AUDCAD LongOANDA:AUDCAD
Currently we are looking for a long trade reason.
1.Price has broken out of daily descending trendline and playing below bullish corrective trendline.
2.The price has also reached fibo golden Zone between 61.8% and 50%.
3.Once the MACD turns positive and the price move above 50sma we go long.
Risk management is key.
German 30 OANDA:DE30EUR
I'm expecting German 30 to fall after breaking the bearish corrective trendline for TP we can use -161.8% fibo level.
Bollinger Band Indicator (How To Use)The Bollinger bands Indicator is a forex trading indicator.
This Bollinger bands Indicator can be used to find out the trading entries and the exits in the market trading.
This can be used with any type of currency pair. In market trading, the Bollinger bands indicator is used to identify price range levels.
The Bollinger bands indicator can be defined as a price letter that has both price upper and lower levels that generate better trade.
The standard deviation method is developed in this Bollinger bands indicator.
To calculate price levels, the Bollinger bands indicator uses two types of variables in the indicator chart.
The period and the standard deviation are the names of these variables.
The time period or time frames that this Bollinger bands indicator uses are called to as the period.
Enter and Exit when price action hits the outer edges of Bollinger bands and make a Engulfing, Harami or Pin-bar reversal candlestick pattern
2 support level to watch in BitcoinI update my background and trading strategy. I do not going to use EMA 21 and 50 for cryptocurrencies. I will use EMA 200, applying the support and resistance, because I believe that I'm good identify this basic concepts. And also, I change my RSI and MACD strategy too. I change everyall in my trading day to day to become my trading more advanced and modern.
So, we look in Daily timeframe that there's not a lot volume that BItcoin continue climb. But now, we look one thing. This diagonal resistance that I mark since April 2021 when Bitcoin reach near of $64,000 USD. That it's not neccesary a bearish signal, but as Bitcoin broke up this big diagonal ressitance when after of April 2021 Bitcoin crash toward $30k levels, Bitcoin could to continue in this bull trend. Now, MACD it's look and make a higher lover in the yellow indicator. Now, depending how the Hourly timeframe will move the demand and supply, we could to get more information in these timeframes if we would to short Bitcoin.
But in some minutes, I will going to analyze the H4 timeframe. This it's just my Daily perspective in the market!!!
If you like my new analysis, please hand up and share this analyzis with others traders in cryptocurrencies.
GBPJPY 19 - 24 Sept Outlook and Trade PlanGBPJPY 19 - 24 Sept Outlook and Trade Plan
Structure:
Weekly closed Solid Bearish
Daily Solid Bearish LH/LL
4H Bearish (First break of bullish structure)
Nothing major changed from last week outlook except that we managed to close below 151 after we formed HH last week but failed to hold the bullish structure and on Friday we had formed LH on 4H after retesting the broken structure.
My Trade Opportunities:
If we managed to respect the broken range low and price forms resistance below 151.20, i'll be comfort for shorts below 151.00 targeting the lows created any may be continuation.
If we failed to stay below 151.20 and price start holding above, i'll stand aside till we clear and hold above 153 as price failed since July to close above.
News:
FOMC and GBP Rate decision week. So map your news times and try not to hold trades during news time.
Wishing all a good trading week!
GBPJPY
BTCUSD Daily add Long. 13 CCI tlby/d BTCUSD Daily gave the CCI signal to add, where we were watchiing at the 38.2% retrace area. While the signal was 13CCI crossing up thru a down-trendline, the probability that it would happen was signalled earlier in that the unformed right shoulder of the tiny inverted H&S right there was clearly going to be higher than the left shoulder., telling mee that Up was favored. I trust those things, and added Long at the 4 hr signal y/d. If price drops <42K orr CCI drops down thru an up-trendline before we see much upward traction, i'll probably exit to avoid potential dive
ADSK Dip Looks DoneADSK has a long history of consistent uptrend. After positive earnings, it gapped down, found support in the long term trend as well as recent channel support.
Blue dotted line support is a +1.236 Fib level within a Modified Pitchfork influenced by reference points in October 1999 (Low), December 2007 (High), and March 2009 (Low)
MACD has made a sharp bend back up toward the signal line, well-suited for a potential crossover further reinforced by RSI crossing over EMA12.
ASIAN Session: AUDJPY trying to retrace Looks like AUDJPY is trying to retrace back to the 30min down trendline or even the hourly down trendline.
Waiting to see if CCI and RSI can get into overbought areas at those trendlines.
Might want to drop down to the 15min for triggers new those trendlines.
Use a trendline break for Entry. We will see how this develops in the coming house.
I will keep updating this post with any new information.
RAY movingWill RAY break back above the recently lost support level or this will be just a bearish retest before moving down. We have to wait and see, but it's a good chance to start trade, long or short, doesn't matter... Broke that descending trendline and looking bullish. Looks like a golden cross on MACD will be printed, already got one on SRSI. Se maybe we will see a break above, but things can change fast... Don't miss this one... Good luck traders
GBPJPY 13 - 17 Sept Outlook and Trade PlanGBPJPY 13 - 17 Sept Outlook and Trade Plan
Structure:
Weekly closed indecision in range
Daily Bullish
4H Bullish
We had formed HH on Friday, and currently we are retesting last 2 weeks range.
My Trade Opportunities:
If we managed to respect previous week range, I'll be comfort for longs above 152.20 targeting recent highs and possible continuation.
If we failed to respect previous week range low, I'll be comfort with shorts on resistance formation below 151.40 putting in consideration 151 level as a critical level to watch reactions once reached.
News:
GBP is having very important news on Tuesday, Wednesday and Friday. So map news time on your chart.
Wishing all a good trading week!
4H Chart:
GBPJPY
Bearish momentum (BTC) $42,999 within 24 hours (5 wave count)Hello traders,
if history repeats itself with waves 1 & 2 we will end up at $42,999 for wave 3 before heading to $44,666 to complete wave 4 before the last wave 5 down to approximately $41,555.
Next update will be when I'm flipping long.
Please like/comment to show your support for my daily technical analysis and updates.
👍
How to Use RSI (Relative Strength Index)How to Use RSI (Relative Strength Index):
It is also scaled from 0 to 100.
Typically, readings of 30 or lower indicate oversold market conditions and an increase in the possibility of price strengthening (going up).
Some traders interpret that an oversold currency pair is an indication that the falling trend is likely to reverse, which means it’s an opportunity to buy.
Readings of 70 or higher indicate overbought conditions and an increase in the possibility of price weakening (going down).
Some traders interpret that an overbought currency pair is an indication that the rising trend is likely to reverse, which means it’s an opportunity to sell.
RSI default setting is 14 (TIP) Look at a daily or 4 hour chart of pair you are trading- IF price action never hits 70 or 30 then change setting on chart, changed setting to 6 from default of 14. Why 6? because RSI showed 4 possible trades within last two weeks on 4 hr chart. One overbought, One over 50 but then fell- showing possible SELL trades and One oversold, One under 50 but then above- showing possible BUY trades.
A movement from below the center line (50) to above indicates a rising trend.
A rising center line crossover occurs when the RSI value crosses ABOVE the 50 line on the scale, moving towards the 70 line. This indicates the market trend is increasing in strength, and is seen as a bullish signal until the RSI approaches the 70 line.
A movement from above the center line (50) to below indicates a falling trend.
A falling center line crossover occurs when the RSI value crosses BELOW the 50 line on the scale, moving towards the 30 line. This indicates the market trend is weakening in strength, and is seen as a bearish signal until the RSI approaches the 30 line.
*NOTE on chart is if you want to be very CONSERVATIVE in trading- just wait for RSI to be oversold or oversold- which means only TWO trades on chart.