Breadth Indicators
Signs for bulls? what about the confirmations then?Small TF small update:
*Do notice OBV very bad movement atm...
Weekly OBV also extreemly bad (As I showed on previous updates, it didn't change).
* Also we were rejected by the 200e on daily. passing above it will shoot it up...
* We are testing the hourly cloud too many times, it is also usually bad for the short term.
* And to add to it we have hidden bearish divergence:
I personally suspect sideways for a while to test boundaries before final decision to where we go.... good for scalps for next few days ;)
range: 7870-8170
or smaller better range: 8022-8170
*** There are many big signs as well for bullish market, but until we won't see confirmations that we actually started it up, we should still focus on shorting on the bigger picture.
S&P 500 Bollinger BandsS&P 500 Bollinger Bands
Bollinger Bands consist of three bands
They revolve around a centred simple moving average (SMA), with a default value of 20, of which 85% of the time, the price is held within the following boundaries:
Lower band – SMA (minus two standard deviations)
Upper band – SMA (plus two standard deviations)
Bitcion 2 Week Chart Double Ichi Cloud and VolumeThe big picture on bitcoin continues to look bearish as the two week crypto ichi cloud is about to have a bearish T-K Cross under the cloud. The first two gold circles show a long term change in trend at T-K crosses. The first indicated that the bull market was beginning at about $370. The second firmly established the bear market and price action went form $8k to around $3.2k
The purple ovals on the OBV EMAS show we are dangerously close to a bearish cross on the 10 and 20 EMAS and the damage that can do to price action. The blue obviously shows how bullish these corsses can be. What is different about this pending cross is the OBV and 10 EMA are going to be below the 100 in very short order (relative to the chart time frame, of course) and I expect the 10 EMA to act as resistance, continually driving the OBV down lower and lower. There is always the case of a fake out but given the totality of the chart I don't think that will happen.
The Money Flow Index 15-50 have crossed. Those settings are what I tinkered with and if you have the time I encourage you to tinker with the settings. I believe that this cross will lead to the 15 period MFI approaching 20 again.
The candles show we just spent the last 2 weeks establishing the 50w SMA as resistance after it was tested as support the candle prior. Eventually I am calling for the wedge support to fail and for the price action to fail. I expect this failure to be so impulsive that we test the 200w almost immediately, as in within two candles. I then expect the previous wedge support to act as resistance and drive the price action lower around the end of March 2020.
If we just look at the tend lines we can see that the rising trendline beginning in late 2015 is still valid. It is possible that we start to go up a bit more on this trendline and out of the wedge a bit on lower time frames but ultimately we will spill down. Eventually our ability to wick up to the 50w is going to be reduced and when people realize that the selling will begin in earnest.
S&P 500 - Options Trading Volume Reveal Exuberant SentimentThe CBOE 10D Put/Call sentiment shows very upbeat sentiment among market participants. They fear on missing out a year-end rally. Unfortunately, current readings coincided with those near tops during the past 42 months. Larger corrections unfolded shortly after the reading and further upside was limited at best.
BTC in transitional phase BINANCE:BTCUSDT is beginning to enter a transitionary phase that could likely break the counter-cycle seen since the sell and buy walls created. Created this obvious barrier between both bull and bear with the clear and definitive prints. This is not a confirmation as of yet, though, something to keep an eye on if bulls can break the counter and go into transition to an initial upcycle. Which, for the case of all bulls; will need strong signal weight and momentum to successfully breakthrough.
Trader be warned; do not enter unless you know your exits/stopsBINANCE:MATICBTC is clearly giving that look again; one that looks as if the bots/HFTs are accumulating even more than before. Quite frankly, its the time now and Sandeep (MATIC CEO ) has left some whales beached; sand-deep in holding bags that could not support the liquidity. Due to numerous and massive nulls/voids left in the last "pump & dump." This group is reckless, just by the way they ran up the prints. Crypto for you, millionaires that have yet to figure it out; or have a clue. I do not recommend this trade to anyone unless you are a professional trader. Retail traders are to be warned; if you do not understand what selling into liquidity means. Do not, and I repeat; do not enter this trade. Greed will overcome many with these types of "hype" coins. The fundamentals have existed for at least 2 full years and the promise to "revolutionize" the competition. Would be your effort in saving a beached crypto-baby whale; Sand-deep taking your capital in funding their wallet with the liquidity they need to fill.
Will SPY H&S & Make Another Lower Low?If SPY fails to push higher over the next couple of days, it will look like a Head and Shoulders (H&S) pattern. That could signal a directional move downwards is in the works (red arrow). In case this warning is correct and it makes another lower low (dotted line), traders will be estimating the potential profit and stop-loss probabilities for a complex bounce off of previous support and resistance (green arrow).
This probability discussion is for educational, speculative, or informational use only. It does not constitute investment advice.
INSANE Bitmex Automated Strategy! 80%+ WINRATEHello!
Cyatophilum here with another automated strategy, this time for BITMEX:XBTUSD in 15m timeframe.
Backtest results below.
The idea is to use Bollinger Bands with the Stoch RS I as a base combo, when the price breaks through a band and the oscillator is overbought/oversold.
On top of that, filter the entries using a simple 200 bars SMA . Meaning we only trade long while being bullish, and vice versa.
In this strategy there is a trailing stop loss and also a trailing take profit , for these small but important additional profits and security.
For those using the Cyatophilum Ultimate Trading Bot , here are the settings for this strategy.
I hope you like the strategy, feedback is appreciated as always.
Get the Cyatophilum Ultimate Trading Bot using the links below!
Short/Mid/Long EOSUSD CONSOLIDATION IN EFFECT
TP1 $3.54
TP2 $3.67
Stop @ $3.54
Given current volatility, it should go w/o saying that stop losses (as always) should be set first.
Like many other alts we are seeing some serious volume buildup again this time on EOSUSDC and now with another shortsell in scope lies another opportunity for entry to TP.
Pairs equally with BTC & ETH as all 3 prospects seem bullish yet always set stop losses and don’t pivot from fiat currency to maximize ROI and mitigate risk for loss.
Disclaimer
Not financial advise
-@a1mTarabichi
Cyrpto market cap downtrend resumed, clearly bear dominatesThe market cap of the whole crypto-asset topped out at the end of June 2019, reaching 370 billion dollars. However, in the coming month, market cap contracts significantly, steadily declining to 215 billion dollars for the moment.
More interesting is that even the sharp rise at the end of October, when Bitcoin breaks out above benchmark 10,000 $, doesn't change the downtrend in market cap since the market cap doesn't make a high transcending the high of September.
100, 200 Moving average, which depicts the overall market trend, is in a clear downtrend. Look like 200 billion dollar market cap is an important threshold. We are still in a bear market, before any major steep drop, assuming the current trend will continue is the most tenable action for traders who are still active in the market.