technical indicators have displayedBTC Price Forms Bearish Candles; Sellers Target $50K Level
Bitcoin's price has been in a strong bearish trend, as it slipped below the 200-day EMA, and has lost around 13.80% for the past three days. Thus, indicating weakness in the BTC.
On the daily time frame, the BTC price has formed a three-candlestick bearish pattern that goes by 'three black crows,' which suggests a bearish outlook. Therefore, if the price remains below the longer key moving averages, sellers may continue to dominate.
On the contrary, the last hope for buyers could be at the $50,000 price level, where the price might stabilize. If a bullish candlestick develops followed by good volume around $50K, buyers may display regained interest. Likewise, if the price surpasses the 200-day EMA with increased volume, it could signal a positive trend reversal, as well.
Furthermore, the technical indicators have displayed that the RSI at 24, in an extremely oversold region, has generated a death crossover with the 14-SMA line. Meanwhile, the price has already fallen below key moving averages, which reinforces the bearish outlook.
In case of resurgence, the Potential resistance levels for a bullish interruption could be present at$60.50K and $70K. However, looking at the bearishness, Bitcoin is expected to find support around $51.50K and $44.40K.
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EMA, MACD, and RSI indicators are supporting bearsAt the time of writing, the Dogelon price prediction illustrates that the token is trading at $0.00000027399 with an intraday gain of 3.36%, and its monthly performance had been bearish on the chart -20.73%.
Since, 20-day and 50-day EMA, MACD, and RSI indicators are supporting bears, the VTHO price could deteriorate and fall more and reach lower levels. Meanwhile, MACD has formed a bearish crossover with histogram at -0.00000000383, MACD line at 0.00000000559, and signal line at 0.00000000942. Likewise, RSI at 48.41 which is taking rejection from 51.34 smoothened line.
However, there is one more possibility, that might come into action, if the price succeeds in taking support and turns around, the ELON price could rise.
RSI indicators are supporting bearAt the time of writing, the VeThor token is trading at $0.003962 with an intraday gain of 3.99%, and its weekly and monthly performance had been bearish on the chart with -8.55%, and -19.25% respectively.
Since, 20-day and 50-day EMA, MACD, and RSI indicators are supporting bears, the VTHO price could deteriorate and fall more and reach lower levels. However, if the price succeeds in finding support and turns around, the VTHO price could start rising, as well.
Boom Hunter Pro - An Oscillator for the AgesWant to monitor the best entry and exit points in the stock market? Momentum oscillators are an excellent tool for doing so.
Due to its precise stock market monitoring, which indicates potential entry and exit locations, the Boom Hunter Pro indicator has drawn significant interest.
What is Boom Hunter Pro?
With the Boom hunter pro indicator, traders can easily monitor the market, including long and short entries. The Boom hunter pro indicator monitors the market using the Early Onset Trend (EOT) developed by John Ehler.
The Boom Hunter Pro uses the Center of Gravity Oscillator (COG) and some smoothing and roofing filter options to give customized indications.
The indicator shows oscillations for the desired entries and uses different tools to signal a variety of market trends. Below are some tools used by the Boom Hunter Pro indicator.
Understanding the Boom Hunter Pro Indicator
Colored Bars: The colored bars in the indicator can be specifically used to help you find a particular entry. The lime color indicates a crossover, and orange and red lines show when a stock is overbought.
Fibonacci Lines: The Fibonacci lines of the indicators keep track of the price fluctuations for particularly long or short entries or exits.
Time Frames: The Boom Hunter Pro indicator is initially set for one-hour monitoring of entries, although you can use it in any time frame at your convenience.
Relative Strength Index: The Boom Hunter Pro indicator uses the RSI analysis technique to measure the momentum of the price movement. This helps to give accurate information about the price fluctuation of a particular asset. The RSI usually fluctuates between a range of 30 to 70. When above 70, it is considered overbought, whereas below 30 is considered to be oversold.
How To Use Boom Hunter Pro Indicator
To use the boom Hunter Pro indicator, you will need to install it on your TradingView chart. Here are the steps to use this awesome indicator for your benefit.
Visit the official Boom Hunter website and download the boom hunter pro indicator code on your local system.
Next, open your TradingView charts for the stock you want to monitor.
Once the code is installed, open the search bar on your trading view chart and search for "Boom Hunter Pro."
The indicator will start appearing on your TradingView chart at the bottom.
Select the desired time frame in which you want to trade. You can choose the 15 min time frame which is the best-suited one.
Now monitor your stocks with the red, orange, and lime-colored signals shown by the indicator; that's it.
Make decisions based on the indications shown by Boom Hunter Pro and trade stocks to make high-profit returns.
The Boom Hunter Pro indicator's finest entry and exit locations for your preferred trades are now available in this simple manner.
Conclusion
The Boom Hunter Pro Indicator is a long and short-entry monitoring oscillator used by traders worldwide. Since it uses the entire concept of the Center of Gravity (COG) oscillator, traders can easily understand and use it.
However, the indications shown by the Boom Hunter Pro Indicator may only stand out to be true sometimes. Along with this, the forecasting accuracy of the indicator is not 100%. It only gives the possible entry or exit points.
We hope you found this information about the Boom Hunter Pro Indicator useful. Use it in your investment journey to yield high-profit returns from the stock market. Happy Trading!
Widely used indicatorsNifty is making higher highs but indicators like RSI, MACD, Stochastic are making lower highs. Apart from that the rising channel support line is broken and is now working as a resistance. Now 17950 stands as a huge resistance. From here within next one or two sessions Nifty will start a moderate correction. Disclaimer: It is just a personal view.
Candlestick & Indicators TradingSwing Trade -
Increase in the RSI Strength
Morning Star at the key support
Buy above black line
SL Red Line
Target Green Line
There are people who likes to trade based on breakout or chart patterns only. But not all trades can be captured based on chart patterns and breakout trades are usually good for Intraday / BTST. Indicators and candlestick patterns can help to capture trade very early and can be very good for Swing or Positional Trades.
#Mothersumi Good short term buy As we can see #mothersonsumi system has formed an inverse cup and currently forming a channel where we can expect few levels for a short-term period.
Below is the level
Level 1:- Closing and Sustaining above 221.95
Level 2:- 230 (Once this target is achieved we can expect a shortfall followed by a small bull run)
Also, the indicators are showing a good buying sign,
MACD - cut up
Rsi - 54.34
All the levels mentioned can also be considered as Support and Resistance lines.
ADX-BRIEFING: BTC/USD market analysis using main indicatorsADX-BRIEFING
BTC/USD analysis: No major signal received yet.
While using the main indicators we use for all markets,
and when looking at the 15-minute charts for BTC/USD,
we are not able to detect, on this time-frame,
a clear indication of a major long or short trade.
However, we keep trading BTC/USD using short-term charts
like the one included with this post.
Wishing you a great trading week,
François Normandeau
Institutional Research Director at ADX-BRIEFING
Understanding Indicators , Interpretations , Trading successfulHi Friends i am posting it after a larger request and email have reached about knowing more in technical understanding of Market price actions
I have giving an Meaningful explanation about what is method and what is indicators , One can go through the video and comment me what are you looking form me
what is your requirements to know in the market dynamics, Market mass psychology
You can comment me and i will try to gauge the comment and i will put up appropriate video post so that people can understand and make use of the information
Good luck
Bitcoin | Mixed Signals No More | Pt. 2 (Indicators)We looked at the mixed signals for Bitcoin (BTCUSD) on the 4H timeframe... Now let's look at the daily and see what we have.
We still have some mixed signals here since we are technically bullish above EMA10... But we have many signals developing that tells us a drop can come next.
Let's get started right away.
----
1) Let's start by looking at the blue lines on top of the candles.
The bold line matches the upper wicks... We take this as resistance.
The dotted line matches the candles close... We also take this as resistance.
Any trading below these two lines looks bearish for Bitcoin.
The price for Bitcoin remains really strong... The peak price here is $12097 and we are currently at ~$11600, another bullish technicality.
2) Now, the trading volume is going really low... This isn't good news here.
Trading volume stalling while the same price remains, even if for short-term can be considered distribution.
As mentioned in the title... Let's look at the indicators, MACD and RSI.
3) The MACD
- Notice the MACD being really high and starting to curve down.
- The histogram has also been going lower and aiming to turn red.
- We also have a bearish divergence between BTCUSD and the MACD.
4) The RSI
- The RSI peaked 1st August and is already looking bearish and trading below support.
- It can easily move lower.
- The STOCH is also trending lower.
5) The last signal I will share with you is based on EMA10.
EMA10 has been working as support, with multiple wicks hitting this line over and over... The more often a support level is hit the weaker it becomes.
If EMA10 ($11410) fails, prices move and close below it, we will see Bitcoin move to hit EMA50 which is now sitting at $10210.
Conditions for change
The charts are always changing... So what would it take for this bearish set up to be invalidated and for Bitcoin to go straight up?
The last high needs to be taken out with high volume... Or else, Bitcoin is very likely to drop.
Remember to hit LIKE now to show your support.
Namaste.
what are indicators and how they will help you I have made small efforts in explaining about function of price and function of time
where you can get the help of indicators , how the basic wave principle works , why you need proper education on all the technical aspects
What are the actions you can to improve your trading knowledge
Good luck
Outlook For Friday: Lead Indicators Point Towards Need For A SelThe markets are once again positioning itself in a precarious condition. The rallies that we have witnessed over the past couple of days have come purely on account of short covering, as evident by the consistent decline in the OI. This is a cause of concern, more so when the NIFTY is just short of being mildly overbought. The lead indicators show bearish divergence pointing towards the impending possibility of exhaustion at higher levels.
We have an extended weekend once again, as Monday has been declared a trading holiday by the bourses on account of assembly elections in Maharashtra. Friday may stable start to the trade, but the possibility of markets encountering substantial overhead resistance cannot be ruled out.
Friday is likely to see the levels of 11610 and 11675 acting as resistance. Supports come in lower at 11510 and 11450. In the event of any corrective move, the trading range may get wider than usual.