Buy the dip before it's gone? Or sell ASAP and run?Hello traders,
Here is another video going over the chart for TSX:KL . This video is more focused on technical analysis and using S, R and trend lines. A bonus tutorial on Williams Alligator is also available at the end of the video.
Hope you enjoy it!
Bill Williams Indicators
SPCE near LaunchAll information should not be taken as call to Action, this is my personal view of market situation.
Based on retracements. Closing shorts at 21-21.20$ .
And around 21-20$ will be looking to go long with appropriate stops.
Stops: based on your risk tolerance 19.50-18.50$ . Breaking below 18.50 Game plan fails.
Target: looking towards 30$ based on calculations for subwave5 of Wave 3
You may like or hate my views. But most important, stay calm and do not give more money to the market than You Decide !!!
Alternative Idea:
$ORN 7x short 42% staking opportunity bitmax / kucoinbuy $ORN right the hell now you freaking idiot
look at orionprotocol(dot)io right now for more info.
CCL Last Buy before New LowAll information should not be taken as call to Action, this is my personal view of market situation.
This is my new game plan for CCL . Risk around 1-1.5$, profit 2.5-4.5$ (as minimum range)
Will be buying only below 12.50$.
We have 2 support levels remaining before we might visit the Lows. (11 and 10 $)
You may like or hate my views. But most important, stay calm and do not give more money to the market than You Decide !!!
CAR _Get In for a Ride !All information should not be taken as call to Action, this is my personal view of market situation.
Quick Convergence trade !
Left from 16 of July drawing looks pretty interesting now :)
Buy zone reached as expected and convergence is there.
Entry: 25.05-25.00
Stop: 24.40
Target: Min 27$ (can be partial). Can be that we just at the start of wave 3 till 4 2$
You may like or hate my views. But most important, stay calm and do not give more money to the market than You Decide !!!
DigiByte (DGB) Going To Form Next Bull FlagHi, friends hope you are well in welcome to the new update on Digibyte coin. In my previous post, we have seen that the price line of DGB was moving in a pennant on the daily chart. Today we can see that the candlestick is breaking out the resistance of this pennant. Now we should wait for the candlestick to close above the resistance once we will have today's closing above the resistance then we will be confirmed that the resistance of this pennant has been broken out.
The Bill William 3 lines have given buying signals:
If we place the bill Williams 3 lines that are also called bill William alligator indicator on this daily chart. Then we have the smallest time period moving average that is moving average 5 above all then we have the moving average 8 and then 13 moving average is below all other moving averages that are considered as a buying signal.
The priceline is bounced from SMA:
Previously we have seen that the priceline was at the support of 25 simple moving average and even it was re-testing the 50 simple moving average support as well. Now the price line is bounced from these simple moving averages moreover, Now the smallest time period moving average is above all then we have the 50 simple moving average then 100 and then 200 simple moving average is below all other SMAs. And this order of the moving average is called in open alligator mouth by that simple moving averages that can produce a more powerful bullish move.
Strong resistance of SMA:
Now if you wish to the weekly chart then it can be observed that the price line is not able to cross up the 200 simple moving average. And this SMA has become a very strong resistance to the price action of DGB. However, the priceline of Digibyte also has the supports of 25, 50, and 100 simple moving averages as well. The 25 and 50 moving averages are moving upside to cross 100 SMA. And once this bull cross will be formed between these SMAs then we can expect the priceline will be able to break out from this resistance of 200 simple moving average as well.
Conclusion:
Even though the price line of Digibyte is at the strong resistance of 200 simple moving average on the weekly chart. But as on the smaller time period chart, the price action of the DGB is breaking out the pennant. Therefore we can expect that it will be a bull flag and the priceline will move more up to form the next bull flag. Therefore the priceline can also break out the 200 simple moving average resistance on the long-term weekly chart as well.
Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
BTC: market structure shows us the next likely path Recent price action of BTC has been disconcertingly stable. This has allowed alts to run, so I'm not complaining. But the question every trader is trying to answer is: which way next? What happens after all this consolidation - a final shakeout sub 8k before the inevitable rise, or a slow grind up that no-one believes until they're forced to capitulate and panic-buy?
You could draw a thousand triangles over Bitcoin's price action, but looking at the last couple of months, I see a triangle forming, with an inconclusive ending (drawn in blue). It broke more up than down, but still basically sideways.
What caught my eye is a change in the market structure. You can see it in the Williams Trailing Stops indicator, where we broke the yellow short stop line, but, unlike every previous break, we didn't immediately go and break the opposing trail (the orange stop line).
In other words, we made a High, followed by a Higher Low. If price crosses the horizontal blue line, we will have made a Higher High. This signals an old-fashioned change in market structure, and gives us more reason to be bullish than bearish.
Other Reasons To Be Cheerful are the daily exponential moving averages. I've added just three of them (21, 55, 89) to make the point. The 89 has held as support, the 21 stayed over the 55, and price is now the right side of them all. A few days of closes above the 21D EMA would have it start to curl up, "bouncing" off the 55, which would be a very bullish sign.
Indicators used: TradingView Exponential Moving Average, Williams Fractal Trailing Stops
This Is Why The Celer Network (CELR) Can Make You RichHi guys hope you are well and welcome to the new update on Celer network. The CELR token had recently a big event of stacking mainnet launch on 30th of June 2020.
Movement in upchannel and EMAs:
Now if we switch to live daily chart then the price action of CELR token is moving in an up channel. After 2nd June the price action was already moving up after getting bounced from the support of this channel. But after 9th June the price action surged high and rallied more than 54% and even moved out of the channel but during the retracement and retesting the resistance as support the price action failed to retain the support and moved back into the channel.
At this time the price action is moving above exponential moving averages 10 and 21 and trying hard to breakout the resistance of this channel. This time the price action has achieved higher than the previous recent high price level. Therefore there can be strong chances of breakout because while attempting to breakout the price action has good supports of EMA 10 and 21 as well.
Catch the wave using Bill William alligator indicator:
Here the Bill William’s three lines or alligator indicator can be really very helpful to catch this bullish rally. We can use this indicator with the combination of an up channel. If the smallest time period moving average moves below all the moving averages and the biggest time period moving average moves above all and it gives the sell signals then we can see if the price action has broken down the support of the channel or not. If the support is not broken down then we can ignore the signal otherwise we can sell and use it as our stop loss.
A big bullish Butterfly move:
Now I would like to show you a very important and significant move by the price action of Celer token on the long-term weekly chart. And here the CELER token has formed a big bullish Butterfly pattern. At this time the price action is geared up from the potential reversal zone and moving above this PRZ level. If we take a closer look at the chart then the price action has found last support at $0.00133. Therefore seems to be impossible for the priceline to move down than this level. As per Fibonacci sequence of the Butterfly pattern the buying and sell targets can be as below:
Potential reversal or buying zone: $0.00206 to $0.00133
Fibonacci projection or sell zone: $0.00715 to $0.01952
Conclusion:
On the long term the price action is in uptrend. However, on the short-term daily chart the price action is at the resistance of the channel. If the price action will be not able to breakout the resistance then we may witness a downward rally up to the support again. This channel support should be used as a stop loss in case of complete breakdown of the support.
DGBBTC an expected move upto 1700%Hi guys and gals hope you are well and welcome to the new update on Digibyte coin. The DGB has surged more than 450%. Therefore in today's article we will try to understand how this coin completed its bullish setup before this bullish move and what the price action can do next.
The big harmonic bearish Shark move:
On June 25 2019 almost a year ago I posted an article on the tradingview where I predicted that the price action of digibyte coin is forming a bearish shark pattern. And soon it can start the formation of final leg of this pattern. It was a very long time monthly chart at that time the priceline of DGB just entered in the potential reversal zone. Finally the price action starred bullish rally in April 2020. And so far it has surged more than 450%. And started the completion of the final leg.
I defined buying and sell ranges as per Fibonacci sequence of Shark as below:
Buy between: 0.00000168 to 0.00000001 sats
Sell targets:
Secure sell targets:
Sell between: 0.00000338 to 0.00000694 sats
Aggressive targets:
Sell between: 0.00000808 to 0.00000969 sats
A symmetrical triangle:
Now in order to understand the movement of the price action more closely will need to switch to the small time period chart. And if we watch on the daily chart then the price action has formed a symmetrical triangle. At this time the price action is almost at the end of this triangle as the pattern is getting squeezed. After hitting the resistance the priceline is moving down towards the support. Therefore we can expect another touch at the support level then the price action may start another bullish rally to make another attempt to breakout the resistance of this triangle.
The simple moving averages are in bullish order:
Now if we watch the different simple moving averages on the daily chart with the time period of 25, 50, 100 and 200 then it can be observed that the smallest time period moving average is above all then we have the 50 then 100 and the biggest time period moving average is below all the other moving averages. This order of the moving averages is considered as very strong bullish signal. The Digibyte gave this signal previous in the month of April when the price action started its powerful rally for more than 450% gains. Therefore we can expect that the price action has a strong support of these SMAs and it can start the next bullish move soon.
Now for the people who have bought Digibyte following my pattern that I posted it last year and they are seeking for a suitable exit point or for the people who want to buy the Digibyte now I would like to give two advices. First is for the people who want to buy digibyte then they should try to buy it at the support of the pennant. And if someone wants to find the suitable exit point then he can use Billl Williams 3 lines that is also called Bill Williams alligator indicator. This is the combination of three moving averages the smallest one is 5 that is called lips the middle one is 8 that is called teeth and the biggest time period moving average is 13 that is called jaw.
when the smallest moving averges (lips) is above all the moving averages that is called that the alligator mouth is opened and that is considered as a strong buying a bullish signal. But if the smallest time period moving average moves below all other moving averages and the biggest time period moving average moves above all. Then it is called that the alligator’s mouth is closed and that is considered as bearish or sell signal. But these are very small time period moving average is therefore some time they can give the false signals. Therefore in order to avoid false signals we can use a support of the Other bigger time period simple moving averages with the time period of 25,50, 100 and 200. For example if the alligator mouth gets closed then we should see that if we have any support of any of bigger time period moving averages then we should wait for the next available moving average to be broken down. If the next moving average would be broken down then we can consider that our stop loss is triggered and we can exit from the trade, otherwise we can wait for the bigger time period moving average to be broken down. This method can save us from any kind of false signals by the Bill William alligator indicator.
This is the strategy that are use to cath the bearish or bullish rallies. If you have any effective strategy then you can also use it and also share it with us in the comment section.
Conclusion:
On short term we can expect a bearish move up to the support of the triangle. However, on the long-term the price action is very strong bullish as it has started the formation of final leg of bullish shark and as per above mentioned targets it can produce upto 1700% gains.
POLY Token Has Surged More Than 180% | What Next???Hi friends hope you are well and welcome to the new update on Polymath token. The POLY token has surged more than 180% and we had to very obvious signal before this bullish rally. Let’s have a look on this signal and complete analysis.
Powerful signal a bullish Gartley move:
Second signal was very obvious Gartley move by the price action of Polymath. The formation of this statement was started from 25th January 2020 on 4 day chart. And the pattern was completed on the 2nd April 2020. Since then the price action was moving in the potential reversal zone of this pattern that starts from 0.618 and ends up 0.786 Fibonacci retracement level. And finally in the month of May 2020 the price action took a powerful bullish divergence and produced more than 180% bullish rally so far.
Up channel formation:
After bullish move the priceline of POLY token started moving within an up channel on 12 hour chart. So far the price action is moving within this up channel and during this move it is hitting the support and resistance levels very well. At this time the priceline is at the support. I have also placed simple moving averages with the time period of 25 50 100 and 200 on this chart. And we can see that the smallest time period moving average is above all other simple moving averages and biggest time period moving average is below all the other moving averages. Therefore a complete open alligator mouth by the simple moving averages has been formed and that is very strong bullish signal. While the priceline is retesting the support of the channel it is also having the support of 25 simple moving averages as well.
Exponential moving averages are playing a good support role:
On the daily chart the price action crossed up the exponential moving averages with the time period of 10 in 21 on 15th may 2020. Since then the priceline is moving above the both exponential moving averages. If we take a closer look on the movement of price action above these EMAs then it can be easily observed that whenever the price action moves little bit down it uses these EMAs as support and moves up to start another bullish rally. At this time the price action is again retesting these exponential moving averages as support.
Should we buy here? And if someone bought it then where to exit?
Now if someone wants to buy the POLY token after when the price action has already been surged more than 180% then he or she can buy it at the support of the channel and make this support the stop loss. Because the support of this channel is very much strong and it is very obvious since the price action has started the bullish rally it has never broken down this support of channel.
Bill William alligator indicator and stop loss technique:
Here I would like to suggest another technique that I use to catch such bullish rallies. And that is the use of Bill William 3 lines that is also called the Bill William alligator indicator. This indicator is very useful to catch the bullish and bearish is rallies. This indicator is a combination of three moving averages. The smallest one is with the time period of 5 the other one is with the time period of 8 and the biggest time period moving average is 13. The smallest one called lips the middle one is called teeth and the biggest one is called jaw. Whenever the smallest time period moving average moves above all other moving averages and the biggest time period moving average moves below all other moving averages then it is called that the alligator mouth is opened. And this is a strong buying signal. And whenever the smallest time period moving average moves below all the moving averages and the biggest time period moving average moves above all MAs then it is called that the alligator mouth is closed and that is a strong is sell signal.
Even though this is very useful indicator but however the time period of these moving averages is very small. Therefor sometimes this indicator can give the false signals. In order to avoid the false signals by this indicator we should use some other combination of indicators as well. For example here I am using the simple moving averages with the time period of 25 50 100 and 200. Now for example if the alligator mouth will be closed then we can find that which one of other simple moving averages from 25 50 100 and 200 we have as recent support below the price action. Now for example if we have the 25 simple moving average then we should wait for the 25 SMA to be broken down. If this simple moving average will be broken down then we can take exit as stop loss. This method can save you from the false signals of alligator indicator and you will also not miss the next bullish rally.
Conclusion:
The up channel that has been formed on the 12 hour chart has very much significance for this bullish rally. If this up channel will be broken down that will be the first strongest signal that now the price action can start a correction rally or a bearish move. However, we should use some other combination of indicators like I have suggested to avoid any kind of false signals. If you have any strategy then you can also use that to avoid any unnecessary sell by getting trapped in a bear trap.
Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.