BTCUSD H4 Short 13 CCI tlbEven with late post for Long, BTCUSD is up 39800-31598 = $8202. There was a tlb for short at the first CCI hook down, but I decided to await retrace to price high to see what CCI said then. So now wehave a CCI divergence and another clear CCI tlb, so I will short here, and be nimble. Long signal will be when 13CCI crosses Up thru a Down trendline
Centered Oscillators
“How To” Video Overview of Indicator “CM_MACD_Ult_MTF_V2”Hello TradingView!!!
-Video Posted on 07-28-2021-
This video is a detailed video overview of the CM MACD Custom Indicator - Multiple Time Frame - V2 Release.
I will post the link to the Indicator within a few minutes after this video goes live on TradingView either in the Link to Related Ideas below, or I'll post a comment below with the link.
Thanks for you patience.
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BTCUSD Long 7/20 13CCI tlb BUT no diver yetI hate late posts. Lost hard drive. y/d Jul 20, BTCUSD 4 hr and Daily had 13CCI trendline break signals Long. Fine to have taken those. However, my answer to whether the low is in yet requires
1) first, a divergence of 13 CCI in next price cycle (we don't yet have that)
2) retest of price low (we have that, but need to have it follow the CCI diver)
3) CCI cross up thru -100 following 1) and 2)
Soo, again, going Long on y/d CCI tlb was fine, but my divergence corollary for whether the low is in has not been satisfied by the 3 criteria above.
13 CCI trendline breaks are good trade signals. Nimble works
BCI potential pattern developmentI bought into BCI this year as an inflation hedge and a play on the potential start of a long-term commodities upswing. However, I am generally skeptical of the asset class overall simply because commodities tend to have prolonged down cycles where they drag down the rest of the portfolio and since I think the global trend toward automation is ultimately deflationary.
Since I currently have a stake in commodities, I would like to practice understanding chart patterns with the hope of eventually being able to detect when a prolonged downturn might occur.
It looks to me like either a megaphone or ascending triangle may be developing in BCI. A megaphone tends to be a continuation pattern (so bullish, in this case) while an ascending triangle tends to be neutral. The MACD has crossed above its signal line, which can be a bullish indicator, but the slope is pretty flat right now. RSI is currently range-bound, without oversold or overbought signals. Overall, I'm neutral until more information comes in.
HAIN Impressive DayNASDAQ:HAIN tried and failed to close under the 200 EMA 4 times. Now it has broken the upper trend line and MACD has turned positive with today's outside bullish engulfing bar.
I like it for a buy but I am going to wait to see if we get a small inside day tomorrow because a rest day would make the setup even better.
WHAT IS GOING ON WITH BTC/USDT?There are some parameter we must attend them
1.Volume: as you can see there is a decrease in volume which means one side of the market (Buyers/Sellers) stoped its action and waiting for a good entry point (Doji candles are confirming that)
2.EMA (9/21/50): these EMA's are showing us a strong downward trend
3.MACD: it is under zero line which means there is no support from the Bulls
4.RSi: it is below 50 which means the uptrend is not strong, on the other hand, it is on a line and it can be a good sign for the Bulls
** Short position: for Short position, 1st we must wait till the price break the support zone(31000$ and 28800$) successfully, 2nd we need a huge volume from sellers to confirm the downward trend, 3rd we need support from sellers and whales which we can see it from tall red bars of MACD,4th EMA's mustn't cross each other, in the end, we need RSI to break down the line and go down!
** Long position: for Long position, first thing first we need to break the dynamic resistance successfully (and have a pullback maybe) with a huge volume of Buyers, 2nd we need good support from Bulls which as I said before MACD can show us this parameter, 3rd RSI must break up the resistance and 50 level, 4th EMAs must cross up each other and come below the price, 5th we have to find some candlestick pattern to confirm our uptrend and give us an entry point
Last word: follow news, onchain-data, and whales action
ALICE/USDT has a massive bullish potential!Hi every one
ALICE/USDT
ALICE/USDT is ranging in a broadening wedge it seems and now the price has reached the bottom of this pattern (which is also a strong support for ALICE!) so now it is expected that the price would Increase from this point because of this reasons:
1- the price has reached it's bottom (strong support)
2-on MACD indicator there is a visible bullish sign! the MACD line is about to cross the Signal line upwardly! this is of course a Good bullish sign!
3-there is a Regular Bullish Divergence on RSI indicator as well which is another Great bullish sign as well!
for this particular reasons ALICE has a strong chance of starting a Great bullish run so be prepared for it!
*Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
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Have a nice day and Good luck
Visualizing the MACD EMAs on Bitcoin for tradesThe MACD is one of the most robust indicators that you can use due to the variety of signals you can use with hidden and traditional divergence on both the MACD itseft, as well as the histogram. Many people may tinker with the settings of the fast and slow EMA and they may look for crosses of the MACD and its own moving average, the signal line. Lots of attention is taken with looking at the MACD crossing the signal line for a change of trend but it seems fewer than would make sense look at the EMAs themselves, no matter which settings you use.
And even when people see the MACD cross the signal they don't pay it enough attention. We had a massive uptrend in 2017 and again this year and it ends with a MACD-Signal Cross. I posted on the MACD-Signal signal cross and lots of people pushed back. Lots of people doing TA on Trading View or YouTube commented on it, but still thought we would continue upward at $60K and did not have a proper appreciation for the cross given bitcoins history.
People saw a massive descending triangle in 2018 underneath a MACD-Signal cross and refused to accept it. The 12 and 26 EMAs crossed bearish, so the MACD and Signal line both went below zero, and people were still bullish. And really the charting come first. We get a chart pattern and then we should look to volume to confirm, and then we look for indicators to confirm.
Lets do a rundown on our current situation:
MACD-Signal Cross
Development of a bearish head and shoulders
The MACD EMAs, the 12 and the 26, are crossed bearish
What is missing is the Signal line crossing the zero along with the MACD, and I see that happening soon, very high probability, like over 90%.
Just take a look at this chart below. The 12-26 cross bearishly at the peak in 2011, 2014, and again in 2018. There was no bearish 12-26 EMA cross in 2013. Very simple TA has taken that off the table. But many people are still on that hopium. The 12-26 crossed in 2014 and there was some chop and a bear market. In 2017 it chopped to form a W pattern with the C19 dump but when we BTC cleared the bridge of the W we ran.
What do we do? We see a bearish structure and the easiest thing to do is look for historic support, be it chart structure or moving averages or do targeting based on the chart structure (fibs). Here is a quick look at targeting. Most likely the 200 will be support. If we have a NASDAQ dotcom bubble pop or a 2008 type recession we could go lower. The linked ideas have a variety of long term (years) and intermediate (months) for if we go into a bear market or the dotcom type bust.
Once again the charting isn't hard. It isn't hard to see the MACD-Signal cross and it isn't hard to see the 12-26 EMA cross bearish. It isn't hard to see the descending triangle and head and shoulders in 2017 and right now. But what is hard is accepting the facts in the charts against your hopes and bias.
The chances that this resolves to the downside are extraordinarily high. The chances that this formation breaks to the upside is very low. We could have a conversation on if this will lead to a V-shaped recovery or a prolonged downtrend. Will we get over-performance or under-performance to the downside? All these conversations will very likely end up happing more in the future than conversations trying to target $100k or $300k or any other upside target before we talk to the downside.
Thoughts?
EUR/USD 1DWe can see a falling wedge pattern on the chart that could lead to a bullish movement if a breakout happens. We can also see a bullish divergence on the RSI that is pretty common but still good to take under consideration. I think there is a big chance of a bullish movement on the EUR/USD , could be at the top of the falling wedge.
Make you bets !
USD/CAD: bearish movement is coming.Hello every one
U.S. Dollar / Canadian Dollar
USD/CAD has formed a rising wedge pattern .this means it is time for bears to take control .after the break out happens the price can fall to the support levels shown in the picture. There are also regular bearish divergences on both MACD and RSI indicators which makes the bear market more reliable. after the break out we can take sell position with ease.
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Thank you for seeing idea .
Have a nice day and Good luck.
BNBUSD sitting on the EMAWe are sitting on the 200 EMA, strong support. I think the entry is now pretty attractiv.
Correction wave seems to be completed and the sideways trend is accumulating for the trend up I guess.
The MACD shows us still a big oversold over the bigger time frame.
Long term target $480
Bitcoin Bear Market Confirmed on the MonthlyPreamble
There is quite a debate as to what constitutes a bear market generally and what constitutes a bear market in crypto specifically. Having pondered this question at length for myself and experiencing the pain of indecision this is what I have developed. This determination is very important because in bull markets bullish formations overperform and even bearish formations can break upward. In bear markets bullish formations fail to trigger and bearish formations over-perform. In the linked ideas you will see that I rang a warning bell when the three day condition was met at 50k and I called the bear market at 43k and look at us now, struggling to stay above 33.5k. I have been at sundry times mocked for my call, in person and online. Meh. We see the system is now printing a bearish close on the monthly timeframe and that is going to be extraordinarily difficult to overcome.
The System
The key components to this system are the VSTOP and the MTF VSTOP, which are based off the Average True range, a most valuable indicator for its use at finding lows in markets, and its use in measuring volatility for stops and the Keltner Channel. When both are flipped bearish or bullish the uptrend is extraordinarily resilient and despite viscous retracements there can be a lot more continuation potential. As they have both flipped bearish I continue to foresee a lot of bearish continuation. The monthly 20 SMA will very likely (above 90%) fall as support. Price may chop around there on the weekly chart for weeks but ultimately downside targets are going to be reached. The monthly MACD cross is almost upon us and in short order I foresee that happening as well. On lower time frames I can add the Ichimoku cloud or On Balance Volume with EMAs, but due to the high time frame those are unworkable now.
Targets
I continue to think that BTC will see some wicking below the monthly Keltner channel. We may even close a candle body below it before chopping sideways and then up. Please review the linked idea for more details on that.
Final Thoughts
If you are still bullish please let me know, technically, why. MY system lets me change my biases and my behavior as soon as the 3 day or weekly conditions are met. This monthly post is to help people understand the scope of that we are dealing with, and the forces that are at play. It is not possible for me to chart the 20 month wrong, or the VSTOP wrong. There is no squinting and seeing a falling wedge that isn't there or misreading divergences. The bias is bearish.