BTCUSD Update: Trendless Action But Increased Bearish Divergence

133 0
This update is from two days ago. Sideways action prevails. Here are the indicators.

1. Last valid sell Sell Fractal was Sept 13th.
2. Your compass for direction, the alligator , is feeding weakly in a down trend.
3. CHOP is almost above the shaded area. This predicts a lack of trend.
4. CHOP ZONE is red, indicating a downward bias.
5. Prices are trading below the Ichimoku Cloud .
6. Prices are below (or at) the red Ichimoku Cloud conversion line.
7. Prices are below the Ichimoku Cloud baseline.
8. The 5/34 MACD (top) has a bearish cross. Histogram within is falling.
9. The phase energy (top lower) is steadily falling, and it is still below the zero line.
10. The-DMI (top middle) has the dominant direction as down (red line over green), and the black line is rising. This means more strength in SELLING.
11. Ichimoku Cloud has red border.
1. Not many. Price is hanging above trend support, but this is a very weak positive.

Support is last swing low at $594.63.
Want odds? 88% odds down (because of the sell Fractal , down alligator direction, lower-DMI, lower phase energy),
12% odds up/ sideways (CHOP not yet indicating trend).
What to look for: if there is to be a breakout move lower, CHOP should start falling (lower in the shaded area) to confirm the trend.
Another indication of trend is-DMI (top middle). Currently-DMI has a strong negative bias.
Note: DMI-indicates trend. CHOP indicates trend. From my own experience, CHOP is more reliable as a trend tool, but-DMI reacts faster.
This is why I use both.

There are FAR MORE NEGATIVES than positives on this three hour chart. The daily chart should be used to confirm. (Naturally, the daily moves more slowly).
In my opinion, use tight stops if you are long. I would not short until a breach of $594.63.
Good luck to you in all your trades. Don.

ZH 繁體中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
AR العربية
HE עברית
首頁 股票篩選器 外匯篩選器 加密貨幣篩選器 全球財經日曆 如何運作 圖表功能 網站規則 版主 網站 & 經紀商解決方案 小工具 圖表庫 功能請求 部落格 & 新聞 常見問題 幫助 & 維基 推特
概述 個人資料設定 帳戶和帳單 我的客服工單 聯絡客服 發表的想法 粉絲 正在關注 私人訊息 在線聊天 登出