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Bollinger Bands (BB)

Next Leg Up?Goldsource Mines has been on a clear uptrend over the past months. Every time it has had a new leg up it can be easily seen by a few inidications. 1. A broken Trendline 2. An oversold signal on the Stochastic RSI 3. A MACD crossover 4. Price meeting support at the 20MA or the bollinger bands. GXS has just shown all of these signs and is looking like it is ready for its next leg up. It is currently trading 14% away from the upper bollinger band and the stocks all time high. Keep in mind every other time is has had one of these moves it has broken the upper BB, so this is looking like a possible 14+ percent move.
GLong
by juniortrader
4
Bitcoin at an Important Short Term Cross RoadUp until now Bitcoin was still consolidating in a wide range of $680-630 in the ascending triangle and did not rally as I expected after the halving day yet to retest $750-790 area. One thing you can learn from Bitcoin's behavior over the years is that it ALWAYS retests the previous high a second time. Also Bitcoin LOVES to bounce within triangles. Currently we have a series of 1H 2H 4H and 1D Bollinger Band Squeeze on the Bitcoin chart which indicate that Bitcoin will strongly move in one direction. Both bear and bull directions are depicted on the chart. If you have not been trading Bitcoin for several weeks now well now is the time to watch for the big move that will unfold in the next few hours and buy/long or sell/short the breakout accordingly. In case of a strong move down and increased volatility Bitcoin could still head to $560-570 to double bottom. Other indicators and factors to consider: $660 support has held strongly so far The 1W RSI megabull trend is still holding strong We have 2 ascending triangle as shown on the chart (kind of a failover just like we had at the 400s The 1D and 1W momentum are still bullish showing that the longterm bulltrend is still intact Google trends shows an expected interest calm which is usual after the strong interest surge of the last spike from $450 to $790: prntscr.com Longterm: Bitcoin is still in a bull market and should reach $950-1000 USD by end of September and new highs close to December 2016- January 2017 I am here to help. Feel free to ask me questions or Private Message me directly. Also follow me on Twitter: twitter.com Also check out our new website in our profile (still work in progress!) Where can I register and buy/sell/trade Bitcoin? Bitfinex Signup: www.bitfinex.com (0.2-0.1% fees - Accepts Worldwide users – If you deposit BTC to the account you can trade without needing verification!) Okcoin Signup: www.okcoin.com (Very low fees and offers 10x 20x leverage - Accepts Worldwide users except US residents – If you are a US resident you can always take the risk and open an account but remember the fake ID # you will put in there) SimpleFX Signup: simplefx.com (High leverage - Accepts Worldwide users) Circle Signup: www.circle.com (US & UK Residents Only) Coinbase Signup: www.coinbase.com (Accepts Worldwide Residents) BitMEX Signup: www.bitmex.com (Offers 50x leverage - Accepts Worldwide Residents) If you join Bitfinex under my referral you will get %10 discount on your trading fees the first month! If it is your first time trading Bitcoin I highly suggest to open an account with Bitfinex and Okcoin.com. if you need help trading I will help you out :)
BITFINEX:BTCUSDLong
by BitcoinGuru
6
USDCAD Potential Next Short Term MovementAs you can see a small trend line on the daily chart, every time it hits the resistance it comes back down to the trend line before going up again. For confirmation I shall wait for a few bearish signals including bouncing off the bollinger bands, hitting resistance and a swing high. If the USDCAD swings high short to 0.0112 and place a stop loss of 0.00741. Please place trade at your own discretion. I am fully aware indicators may not be the most reliable when it comes to trading, in this situation I am using the Bollinger bands and stochastic indicator.
Short
by Raz1
Changes to Default BBands for bitcoinBBands on traditional markets are default set at 20 and per John Bollinger, he found this to be the best setting. This gives the bands a 20 day SMA, thus capturing a month of trading. 9 to 5 trading, 5 days a week, 20 days/month However, Bitcoin may require a change of this setting to 30 because it is traded 24/7. 24/7 trading, 30 days/month. Chart is annotated with various squeezes at a 0.13 threshold on BBand width indicator. There haven't been many such squeezes, the most comparable may be the squeeze in Sept 2013, which was also post-halving. Just as that squeeze broke out after 6 days of contraction, I expect this squeeze to break after 5-6 days. Squeezes on this setting have largely been binary - 1 or 4/5/6 days OR a 'super squeeze' of 20/40/60 days. Seeing as how we just had a massive 200 day consolidation, I would surmise that this squeeze will be of the former duration and not the latter. Side Note - I've traded with altered Ichimoku Cloud settings for 3 years using this same rationale (24/7 trading vs. 5 day a week trading) which have been very successful.
BITFINEX:BTCUSD
by IAmSatoshi
3
$JOY Potential Continuation Long Check out Networthie.com to share your thoughts on effective trading strategies and systems. Would love to hear your ideas. - Market Internals today 07/18 are calling for a continuation of bullish action tomorrow morning. - That being said, market internals can quickly change, i.e. the S&P 500 starts to trade below its 100 SMA and the Breadth Ratio reverses to show bearish sentiment. - If tomorrow we see a continuation of the bullish market internals, then look for a potential retracement of $JOY to the Kijun-Sen or the 20-period SMA for a good risk/reward potential back to the prior highs.
J
by TraderR0BERT
2
Fist's Ergodic Oscillator (adapted) with Extreme RSIIndie works best as a combination at lower timeframes but published here at 15m. Easy to follow - look for ascents and descents right next to crossover on histogram, or the crossover itself. On 1M time-frame, it generates a lot of signals just before or after crossovers or the crossovers themselves. But please understand, this is unsophisticated, high-volume trading with an absolute max return of around 65%. I can't imagine it's any higher than that. That said, I have traded this. I guess everyone tests before they trade, don't they? Whatever you you do, test this before you trade and use Price Action as much as possible. I trust your wisdom.
by benedictwellstood