Short SPY below 455.56 - Divergent barThere is a divergent bar on the SPY with good angulation. If price goes below 455.56 it triggers a short position.
Stop loss: 458.49
Next add-on: 2nd wise man
Profitunity
Bitcoin | What Is Next?Hello, everyone!
In the previous analysis on BTC I told that Wave 3 is going to break ATH. Well, it is the case! But what is next?
As you know, I study the Trading Chaos by Bill Williams. Last forecast was made by this methodology, but I am still a freshman in Chaos. Today I am going to try to add my new knowledges about Elliott Waves in practice.
The main question now is if the Wave 3 finished or not. The target zone for wave 3 is 1 - 1.62 Fib extension. So, the minimal requirement is done. Also we can see the divergence with profitunity MACD, but to be honest, I am still not an expert in this indicator.
I am not except another one move to the upside in Wave 3 continuation. Next time I will learn the advanced techniques for wave detection, I know Bill Williams use multiple timeframes for it.
If we now see the end of Wave 3, I suppose that the Wave 4 is going to be the A-B-C-D-E triangle correction. The target zone for Wave 4 is $54000 - $56000, but in case of triangle correction it can be even higher. In this case the $56000 on Bitcoin is a good time to buy altcoins, according to my analysis about new altseason(see the previous analysis)
What should we do?
If you bought Bitcoin or altcoins at the end of Wave 2, like me. You can just HODL and wait for the Wave 5 and last altseason in this bull cycle. If you are still in stablecoins, I can recommend you to wait the Wave 4 end to buy altcoins.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
Trading Chaos By Bill Williams | Part 3Hello, everyone!
Last time we considered the candlestick patterns by Bill Williams(BW). Today we are going to expand the novice trader tools for better understanding the market situation.
To define if the market price is going without obstacles BW use the Market Facilitation Index. It demonstrates how the tick volume can be the market driver. The calculation you can see on the pic.
Just calculated MFI for one bar is not useful for the analysis. We should compare it with the meaning of the previous period. Using this comparison, we can divide 4 profitunity windows.
1. GREEN
Current MFI is GREATER than previous one, current volume is GREATER than previous one too.
This is the breakout signal. It means that more and more traders execute trades in the direction of a bar trend. Your best decision here is to follow this impulse.
2. FAKE
Current MFI is GREATER than previous one, current volume is LESS than previous one too.
The price go in the trend direction without the volume support. This is the sign of possible correction. Here is the time when it is too easy to manipulate the market(especially actual on the Bitcoin market!)
3. FADE
Current MFI is LESS than previous one, current volume is LESS than previous one too.
This is the most valuable indicator. Squat bar usually appears on the end of trend. Here the nice opportunity to enter the market at the beginning of the new trend.
4. SQUAT
Current MFI is LESS than previous one, current volume is GEATER than previous one too.
The market has low volume and volatility. This is the time when the interest is decreasing, we can usually see it of the end of Elliott Wave 1, when the lack of buyers who want to buy with the high price. Here you should be ready for the big move.
Next time I will show some signals with the beginner’s level of Trading Chaos trading system.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
Short WMT below 134.4Alligator's Mouth is closed both in the daily and weekly.
Last daily fractal is 139.77. If reached, it would be valid as the Balance Line is at 140.19.
The weekly fractal is at 134.4. If the train departs to the downside, I would sell short at 134.4. (Early entry could be 139.77 and then heavy add on below 134.4.
Short DIS below 169.81New weekly fractal at 169.81 with a VERY flat alligator.
Going short if price reaches 169.81.
Long DIS above 186.29New weekly fractal with a VERY flat alligator on the dailies.
Going long if price exceeds 186.29.
Short SNOW below 231.52 as per down fractal.SNOW has been wandering around a closed daily mouth since early March. Weekly is right on the balance line.
Down fractal of 231.52 is both the last fractal in the daily and weekly chart. If triggered, it would be valid both in the daily and weekly, with some energy for a run.
The trade will only be entered if the price goes below 231.52. If it does, we join the direction of the market.
NYSE:SNOW
Short SNOW below 184.71 as per down fractal.SNOW has been wandering around a closed daily mouth since early March. Weekly is still below the balance line.
Down fractal of 184.71 is both the last fractal in the daily and weekly chart. If triggered, it would be valid both in the daily and weekly, with some energy for a run.
The trade will only be entered if the price goes below 184.71. If it does, we join the direction of the market.
NYSE:SNOW
Measuring Squats and BTCSo anyone that knows me, as a trader, knows I'm a big fan of Bill Williams and his "Profitunity" system. Trading Chaos. Williams Fractal. Awesome osci...Alligator...All that man. One of the parts of his system is Volume/MFI analysis. MFI can be thought of as....mpg of the market. Efficiency of capital. A high MFI indicates you're getting a long of bang for your buck, movement wise.
There are 4 types of candles essentially. Squat, Green, Fade and Fake. I'm not going to spend a lot of time here going through the 4 and what they mean, but when you see a Green candle, it's a runaway train, don't get in it's way....A squat is consolidation/compression....Lots of battle going on, but not much ground being gained (markets tend to turn on squats...more on this in a minute, as it's the premise of this entire post). Fades are exhaustion, market running out of steam.....And fakes are essentially "pit traders", or perhaps wash traders/market makers nowadays.
So markets tend to turn on squats. They're a giant tug of war between two sides. So when a squat's extreme gets violated, whichever way it may be, it's telling of the battle that just took place. A squat violated to the top indicating Bulls won. Bottom, Bears. Williams tested, successfully I'd say, the "Measuring Squat". A squat that's violated, clearly didn't turn the market...so where's it headed. Williams' theory is take the distance from the recent opposing swing (so the near bottom swing if PA is Bullish, nearest top if Bearish) and measure to the halfway point of the squat being measured. Project that distance from the halfway point of the squat being measured, and this is a likely target to aim for. If price creates another squat in the leg being measured, project that as well. You'll get clusters of projections that will likely dial in on a zone.
So this chart is basically 2019 thru present. 3 major legs. 3 measuring squats created, projected. 2 of the 3 successfully reached projected target. #1 overshot by quite a bit, but I'm willing to bet that a closer look on Weekly or Daily TF's could have given closer targets. #2 is a thing of ABSOLUTE F'N BEAUTY! I mean, near PERFECT target projection. #3, and that's what we all care about now....#3 is currently saying 14470.
I don't do predictions, or claim to know what the market will ever do. Just what it may do. What some historically probable things point to. And so long as the low of the squat isn't violated...This particular Monthly Measuring Squat is pointing toward upper 14k
As always, practice solid risk management. Good luck. Have fun.
Litecoin reviveHi guys !
After the LTC dip we have been through, I'm guessing that we are facing the last "cheap" buying opportunities. If we analyse the ADX -line we can see it is bending downwards to show a weaker trend while the DI- is above the DI+ . At the same time we see DI+ line rising with 1 mission: get LTC back in an uptrend.
The next days LTC can drop a little more ( a few $ ) because it's testing the where good final calls are being presented.
I hope you guys are able to get some profit.
Let me know what you guys think!
This is just to inform or to discuss not to oblige or suggest.
$SYNX New Market Cycles ComingThis coin reminds me a lot like $XLM before it had its massive run in April/May. Notice how it rides its trend line really hard with big test wicks on the upside. These test wicks often give clues to targets or potential moves so be on the watch for this coin.
NZDUSD D (Chart Update): Yet another upside Breakout has failedNumerous times price tried to break out to the upside on the NZDUSD Daily. It has always failed. During the last week of trading the same has happened, price wasn't able to stay above the important resistance area (marked by fractals), instead it went right back into the balance zone. It's possible a new down fractal will form soon, that would be another selling opportunity.
