Get started

LOW

BTC: New daily low reveals itself. Are the bulls back?Bitcoin has not recorded a low point on the daily chart since early September 2020. To give you an idea on how big this is last time we saw the price rise $55577 (600%) over 228 days. There are a few things to consider before you put on an epic 25x leverage trade... This new low has not reached its lowest point and BTC is still in a down trend. So how do we find the low point? One of my favourite tools for finding bottoms and tops is John Ehlers early onset trend indicator. Example of Early Onset Trend: Let's take a look at September 2020, the last time BTC hit a market low on the daily charts. From the time the indicator bottomed out it took 5 days to create this low and confirm an uptrend. To make this low bitcoin dumped aprox $2000 (17%) over 2 days. This was a very clean pullback and saw BTC fly out the gates. Previous to this was March 2020, a scenario much more similar to our current conditions. BTC dumped down hard (172%) and took 25 days in total to create this low point. During this time there was a fakeout 10 days into the "low". Using another indicator such as the awesome oscillator, a margin trader can avoid getting "rekt" by entering a trade after the up trend is confirmed. Entering a trade from an indicator such as this is not recommended as the chances are you will be entering at a "high" just before a dip so another indicator such as the Stochastic RSi is needed to get a perfect entry. Waiting for the Stochastic to bottom out will result in a trade that will see very little red and jump straight into profits. Example of how I enter trade: There are 2 price targets to watch out for and both happen to be major support lines. 43k and 30k. Either of these could be our next bottom. If you are a "hodler" then either of these points is a great place to buy in but if you plan to margin trade make sure you wait confirmation before placing that epic trade.
INDEX:BTCUSDLong
by veryfid
Is Lowes Signaling An Overall Market Decline?Lowe's triggered my early-warning price reversal algorithm. The full accuracy when this occurs is detailed in the article at my website below. The RSI algorithm determines overbought and oversold levels. The algorithm signaled a SELL on April 6, 2021. Equities nearly always obey the signal and move down, but sometimes it may continue to move up first. This is interesting if the signal is accurate. We are heading into the summer months which would ultimately be profitable for the company. The stock could be in for another short-lived cool off which is most likely the case here. Most of my algorithms may point to a reversal but that reversal ends up reversing usually within 50 trading bars. While the current signal ultimately has the stock dropping, it could gain slightly first. Once the drop has occurred, there is no doubt Lowe's will be primed to retrace this drop. I have placed two red boxes and two green boxes on the chart. The larger red box depicts all of the historical movement, from a percentage standpoint, that this stock has moved on the Daily chart after a SELL signal occurred. Therefore, this box represents 100% of previous movement upward before the stock finally moved downward. The smaller red box represents 50% of all historical movement upward, before the stock moved downward. The smaller box is more of a precise target for the potential top in this instance. The green boxes represent the same thing. In this instance, the smaller green box would be my projected target for the final bottom. The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement. As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play). All statistics and the full analysis are available for free as always at the site below.
NYSE:LOWShort
by StockSignaler
NZD/CAD - Break of Structure and Textbook B&RWe've seen NZD/CAD in a long term uptrend. We see a break of structure, a retest of a previous structure low before bears enter the market. Look at these textbook break and retest setups and potential entries you can take to the downside! A break and retest is when price breaks through a previous low in the market, retraces and tests this level as resistance before continuing the downside move. Watch out for these types of setups across your currency pairs!
Short
by Jal121
2
USD/CHF - Trend IdentificationGood Morning Traders. Here is an educational piece on two key things. Before trading a currency pair, we want to head to at least the daily chart to identify the long term trend on the pair before we scale down to our lower time frames. To identify a trend is simple. For an uptrend, look for higher highs and higher lows. Here is a clear long term downtrend on UCHF. We can see price is making lower highs and lower lows. This indicates a downtrend. It is important to zoom out and see highs and lows of markets long term. We've done that here with USD/CHF and we can see that price is now at 6 year lows! Will sellers keep pushing price down further or is this a level where buyers will jump into the market? Top Tip - You can always switch to a line chart. This makes identifying the trend easier for forex beginners!
Education
by Jal121