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Bill Williams Indicators

USD/CAD - Technical AnalysisAnalysing with Ichimoku clouds has given me the impression bearish sentiment is going to continue on this pair. Strong sell signal from a bearish kumo twist and kumo breakout, labelled in the chart. A TK death cross has also appeared following the kumo break out. Recent low is at 1.28863. My fibonnaci level show price has violate the 50.0 mark and will continue to descend until 61.8. Alligator indicator also show bearish sentiment If Price violates 4H candle low, expect downtrend to strengthen and bearish kumo clouds to expand
Short
by forexwithfred
1
BTC:USD 4 hour chart DAILY UPDATE (day 124)Over the past couple days we have been examining the short selling volume as it relates to the price of Bitcoin. I noted that the shorts had fallen off drastically while the price had remained flat/fallen slightly. That told me that the only buyers above $5,900 were short sellers taking profit or getting liquidated. On day 122 I wrote: “I am expecting the shorts to continue to decrease down to 22,765, which is where I have drawn the white horizontal line to illustrate support. From there I am expecting a sharp reversal in short sellers and another drawdown in Bitcoin” The rebound in short sellers led to the lowest daily close since 11/12/2017. That is when I expected to see selling volume increase significantly. Instead we are consolidating into a bear flag (red) at support (white). The measured move for the flag is $5,590 and it would confirm with a breakdown below $5,882. If we bounce from here then I am expecting prior support to turn into resistance at or below $6,072. The stop losses on my short positions have been adjusted based on the Bill Williams Fractals from the daily chart. Those have been move to: BTC: $6,378 ETH: $451 If you are not in a position then you have a couple options: (1) You could wait for confirmation of the bear flag from above and enter upon a breakdown of support. The stop loss for that trade would be the top of the flag at $5,943. (2) Or you can remain on the sidelines in order to start preparing for the next bounce. BTC ETH LTC I currently have orders to buy LTC at $61.75 | $55.51 | $49.76 | $33.60 I think LTC is the best option for a couple reasons: it has been oversold more than the other two and it offers a better potential ROI at approximately 100%. BTC and ETH would have a target closer to the 50% range. $50 is also a very strong area of support for LTC. Bitcoin would need to fall to $4,000 - $4,200 and Eth $290 - $305 to reach the same levels of support. Thank you for reading! Have something to say? Leave a comment! Click the follow so that you don’t miss out on future updates and remember that smashing the like is good karma!
BITSTAMP:BTCUSDShort
by Sawcruhteez
BTC:USD 4 hour chart DAILY UPDATE (day 122)Yesterday I added to my short position after the hanging man candle on the 4 hour combined with the bearish crossover on the 12 and 26 period EMA’s on the hourly. I have been expecting the breakdown of $5,900 support since last Saturday and am viewing this current bounce as the final short squeeze before the sell off. The amount of shorts has fallen significantly over the past 5 days. I would expect to see a rise in price to reflect the short sellers covering their positions and/or getting liquidated, however that has not been the case. Bitcoin has remained stagnant while the shorts have been getting rekt. I am viewing this as a bearish divergence. I am expecting the shorts to continue to decrease down to 22,765 which is where I have drawn the white horizontal line to illustrate support. That could happen in the next few hours or days. From there I am expecting a sharp reversal in short sellers and another drawdown in Bitcoin. The previous 4 hour candle closed in the shape of a hammer or a hanging man. It is very hard for me to decipher this one. Hanging men come after a rally in the price and a hammer must follow a sell off. This candle followed a very small rally and that is why some would view it as a hanging man. Prior to the small bounce was a significant sell off and it could be argued that this is a hammer. Which one do you think it is? The 15 minute chart is painting a pretty clear picture of support turning into resistance. The bulls are fighting hard to keep the price above $5,900 however they seem to be losing the fight slowly but surely. The number of traders that are still bullish on Twitter and Reddit is the primary reason why I am certain that we are yet to find a bottom. The profit target for my short remains at $4,950. That is due to trendlines and previous support/resistance. One last thing to note is how well that lines up with the 0.382 FIB Retracement level which is showing up at $4,976. The stop loss remains $6,876 and that is due to the most recent Bill Williams Fractal on the daily chart. If you are not in a position then you can start to build a short at the current levels and plan to max out your position upon a breakdown of $5,900. If you have the ability to short alts vs BTC or USD then that should be the safest bet. I am currently short BTC:USD | ETH:USD | ETH:BTC and I sold my spot positions in EOS and LTC. Thank you for reading! Have something to say? Leave a comment! Smash the follow so that you don’t miss out on future updates and remember that clicking the like is good karma!
BITSTAMP:BTCUSDShort
by Sawcruhteez
BTC:USD 4 hour chart DAILY UPDATE (day 117)Yesterday I pointed out the resistance from the 12 period EMA on the daily chart, the double top on the 4 hour chart, the resistance cluster coming from the trendline and horizontally, and I also noted the shooting star and hanging man candles on the daily chart. Needless to say a strong sell recommendation followed and as usual I lined out exactly how I would set up the entry. Start with 33%-50% and then add upon a new low of $6,300 or a continued rally to $7,000. That trade is now well into the money for anyone who took advantage of the opportunity. Now it is time to review the stop losses and adjust accordingly. I mainly use Bill Williams Fractals on the daily/weekly chart to set my stop losses. Those have been adjusted as follows: BTC:USD - $6,825 ETH:USD - $551 ETH:BTC - 0.0815 (unchanged) The stop loss for ETH:BTC is unchanged mainly because it has yet to pull back like the USD pairs have. I also feel comfortable giving it some room due to how likely it is to pullback. The volume behind today’s selloff has been convincing and is not indicative of a bear trap . We are fast approaching the yearly low of $5,975. A breach of that level will lead to significantly more selling volume. I fully expect that area of support to breakdown over the weekend. It provided a very nice bounce the first time around, a much smaller one on the second and now I feel confident that it has been exhausted as an area of support. I have an order set at $5,974 to add to my short as soon as support breaks down. If not currently in a position that is the safest bet IMO. Now that we are gaining momentum and the price picks up velocity it can be helpful to watch the shorter time frames. I am a firm believer that moving averages will paint the clearest picture about short term price movements. Choosing the right time frame is often the most important variable. I am watching on the 12 period EMA on the 10 minute chart. I do not use this to make entries/exits, it is simply a tool to help me understand where to expect short term resistance. If you are not currently in a position then I have listed some possible entries below: Entries and profit targets Sell BTC:USD below $5,975 | $4,975 target Sell BTC:USD if bounces to ~$6,300 | $4,975 target Sell ETH:USD once it breaks down below $450 | $360 target Sell ETH:BTC once it breaks down below 0.0749 | 0.055 target Thank you for your time! Have a question? Leave a comment! Smash the follow so that you don't miss out on future updates and remember that clicking the like is good karma!
BITSTAMP:BTCUSDShort
by Sawcruhteez
BTCUSD 4 hour chart DAILY UPDATE (day 114)Over the last seven days I have been calling for a reversion to the mean after overselling on the 9th and 10th. For me that means a retest of the 12 period EMA on the daily chart. That is where I expect to see strong resistance from the bears lead to an eventual breakdown of $6,000 support. I have been holding onto my short since 6/4 and am still feeling very confident about my target of $4,975. We are currently trading at a resistance cluster on daily chart: horizontal (white), trend (red), 12 day EMA (teal). Over the past week I have been listing a number of trade setups. The one I like the most is opening a short for 50% of your desired position at the current level of resistance. If the price does rally through then you can add on the rest of your position at $6,950 - $7,150. If it doesn't then you can add the rest after getting a new swing low (below $6,300) I do not expect the rally to be able to sustain through that price. My stop loss is still set slightly above that area. That is due to the Bill Williams Fractal on the daily chart. The four hour chart just closed a shooting star at the resistance cluster mentioned above. That is a good indication of this rally coming to an end. Thank you for your time! Have a question? Leave a comment! Smash the follow so that you don't miss out on future updates and remember that clicking the like is good karma!
BITSTAMP:BTCUSDShort
by Sawcruhteez
BTC:USD 4 hour chart DAILY UPDATE (day 110)Two days ago I made a nice call that had me feeling very prepared for the price pump we got yesterday : “I firmly believe that a short term bottom lies somewhere in the range of $5,964 - $6,123. From there I expect to see a 1-7 day rally that retests the short term daily EMA’s (12 & 26). If not currently in a trade then I strongly advise against opening a bearish position right now. Wait for the bounce, and/or multiple days of consolidation.” I was tweeting like a mad man all day saying to sell BTC:USD, ETH:USD, ETH:BTC, and LTC:BTC. In the daily update I outlined those positions ahead of time so that there would be plenty of time for anyone who wanted to position themselves accordingly (refer to to day 107 ). From here it is still possible to see the pump continue for another 1-5 days. The price is currently being squeezed in between the 12 & 26 period EMA’s and they could make a bullish crossover in the next day or so. That would create a third higher low and would likely send the price right back to $7,000. If we get a close below the 26 period EMA, or the price falls below $6,350, then I would fully expect this pump to be over. Entries If you are not in a position then there are a few options still on the table. 1) Scale into a short or out of spot at upcoming levels of resistance - $6,950 | $7,150 2) Short or sell spot as soon as the price falls below $6,300 3) Short alts vs BTC - LTC is forming a bear flag after breaking down a major level of support Stop Loss My philosophy about trading is a simple one. I believe I first learned the sentiment from Peter Brandt on Twitter. ‘Diligently manage stop losses and let the profits take care of themselves.’ I am using Bill Williams Fractals on the daily chart in order to actively manage my stop losses: BTC:USD - $7,776 ETH:USD - $618 ETH:BTC - 0.0815 LTC:BTC - 0.01601 The stop losses will be moved up once a new up fractal prints on my chart. It doesn’t appear that the ruling from the SEC will have an impact on the technicals. ETH:USD and ETH:BTC got a nice green candle immediately following the news, but turned around right where the trend suggested. Thank you for your time! Be sure to comment if you have something to say! Smash the like if you found this helpful! Click follow so that you won’t miss out on future updates!
BITSTAMP:BTCUSDShort
by Sawcruhteez
Bitcoin are looking more and more bullishI am a big fan of Bill Williams indicators, the alligator, AO, AC and Fractals. So let's begin with them. First entry - May 31 On may 29 A bullish divergent emerged, which is marked with a red circle. It was also confirmed by our AO, which showed a shift in momentum. In addition to that, AC showed Bullish TWIN PEAKS (marked with a red trend line in the AC indicator) which further confirmed the possible trend reversal. At this time the RSI i moving in a oversold zone. The DMI and ADX are moving near 25 level and are showing no strong signals from bears or bulls. We also bounced from our lower trend line The bullish divergent + RSI oversold indicator were the firs that showed a possible reversal. I placed the first buy order at $ 7500, which was just above the bullish divergent highest high on May 25. It was hit on May 31. June 3 - Fractal and next entry level On June 2. we broke above our down channel. A Fractal appeared on June 3. which is our 2. entry level at $7,821. June 7 - Fractal and next entry level In the period between May 31. and today we keep getting confirmations from our AO, which is telling that buyers are entering the market. The Alligator (green, red and blue line) are narrowing in and can make a crossover, which is bullish. The RSI is moving above 50 level and are now in bullish territory. DMI and ADX are still neutral, but these are slow starters but strong indicators when it is trending. We are waiting patiently for our next entry level and have set a stop loss at $7,410.
BITMEX:BTCUSD.P
by lindebjerghm
Is It The END for TRON!?Hey everyone! Many of you asked me to tell what do I think about TRXBTC . So here we are. First of all, I don't like TRON as a project, never was interested in it, but it doesn't mean we can't make money on it, right? Here is TRXBTC 1D chart. It looks okay from the first sight, but let's take a look at it a bit closer. We have huge accumulation zone around 400 satoshi, where we've been for almost a month, someone needed to buy it here. And we also have resistance zone at around 1k satoshi. Huge psychological resistance level as well. We can see local support line at 765 satoshi. And now we have chances to enter down trend. As 15 EMA is about to cross 30 EMA. And now, the most interesting part! Take a look at Awesome Oscillator, which was above 0 since 23 of March, but now it went below 0. It's a bearish signal. Let's wait and see how our support line will work. But we all know that TRON likes to being PUMPED . So may be you want to buy some, just in case it will have a great pump. I, honestly, better stay away from this coin. And you decide by your own, always make your own research. Don't take risks, wait for the confirmation of trend. Please leave a like and follow, let's make money together! Thank you!
by lordTim495