Rashad

Rashad

Remember it is important to wait for the next candle to confirm. This is a bullish Hammer after a downtrend from a harsh pullback in asian chip stocks this week. Although Vortex indicator has confirmed a larger bearish move is still likely, as there is no confirmation that this decline is over, it is very possible that speculators will continue to aggressively buy...

Rashad

R2 Fibonacci Pivot Break Vortex indicator shows a larger move is still possible, VI + is above 1.2 RSI shows Bitcoin is becoming Overbought, however since RSI 7 is above RSI 14 the Bulls have an edge An ascending triangle seems to be forming. Bearish scenario - Bitcoin moves back towards $267 Bullish scenario - Bitcoin moves towards $303

Rashad

These are some observations I made using a combination of Fibonacci time zones, retracements, and pivot points. -Currently the S1 pivot got broken and the next target is $36.89. -The bottom price for oil during the last recession was in 2009 when oil hit ~$32.70 a barrel. An issue with these low oil prices is that it will damage the economies of countries who...

Rashad

Bitcoin is facing resistance right now at 0.764 on a Fibonacci retracement from the last rally that hit 305.10. If Bitcoin breaks past the current resistance at $268.96, then the next important resistance area to consider will be at ~$305.10, at which point the current bull run could stagnate or advance even higher if that price is broken. But we will have to wait...

Rashad

-S3 Fib pivot break -Vortex indicator shows a lasting strong sell signal, However VI - is nearing extreme limits above 1.3, and VI+ is crossing above 0.7 -Longer term RSI crossover shows that Bears currently have the edge, as both 14 & 28 are below 50. As well, since 14 is currently below the 28, the price is likely to behave very bearish. This is evident by...

Rashad

-3 Black Crows Pattern has formed. This is extremely Bearish. -Support 1 for Fibonacci pivots broken -Fast MACD crosses under Slow MACD. Both are negative. This is very Bearish -Stochastic (15,3,3) is showing a sell signal and isn't indicating that AMZN is oversold yet

Rashad

Right now SPY is testing 1st Support level on the Fibonacci Pivot, and stochastic (15,3,3) is giving a sell signal and becoming more oversold. If the current support doesn't hold, SPY could be headed towards 196.12. Also the last 2 candles were bearish engulfing. If tomorrows candle is also a bearish engulfing candle, that would form a 3 black crows pattern which...

Rashad

Purpose: This strategy is designed to help you to figure out whether you should position your long term investment account aggressively or defensively. For the purposes of this demonstration, I have drawn my Fibonacci Arc from top of the 2000's Tech Bubble to the bottom of the early 2000's Bear market. Steps: 1. Use Monthly Candles 2. Add a 21 month EMA and a 10...

Rashad

Purpose: This strategy is designed to help you to figure out whether you should position your long term investment account aggressively or defensively. For the purposes of this demonstration, I have drawn my Fibonacci Arc from the bottom after the Tech Bubble pop in 2000 to the peak of the Housing Bubble in 2007. I will post another Chart in which I will draw the...

Rashad

The difference with this chart is that I flipped the Fib arc the other way. It seems to be clearly defining areas of resistance and support. Otherwise this is the same chart essentially. What is interesting is that Bitcoin won't have to break the next upward fib target if it breaks out of the falling wedge... This theory is based on my previous charts which try...

Rashad

-Fib Arc from the recent high of 450 to the recent low of 255, defines areas of support and resistance. -Descending triangle is what caused the recent fall in Bitcoin's price, the price took us down to a support area at 255 which is defined by a long term support line and Bitcoin's long term falling wedge (please see my linked chart for what I mean). The...

Rashad

I drew a Fib arc from SPY's low in 2009 to SPY's recent lifetime High in 2014. There appears to be clear areas of support and resistance. I used a line instead of candles as zooming out this far makes them very crunched up. The line I am using is derived from the OHLC4 price. I labeled support and resistance where ever it seems to be obvious. I am not making a...

Rashad

Bitcoin is facing support from two support lines. It is receiving support from the support line in a long term falling wedge, and is receiving support from a support line going far back as April 2013. I extended out the trend lines to see where they intersect. The long term support line and the support line in the falling wedge intersect at about 1-07-2015. The...

Rashad

-Both Force 13 and Force 39 show Bullish Divergence. Possibly Bitcoin could turn up soon. -Market has been quiet lately, bigger move bound to happen soon -Slightly Bullish divergence visible in the price Benjamin Graham tells us to sell to the bulls in an overly optimistic market, and to buy from bears in an unjustly pessimistic market. Quite Frankly a New Years...

Rashad

CDS selling is inversely correlated to the volatility index. It appears that selling credit default swaps to nervous nellies when the market does well is profitable. This is not a projection, just an observation.

Rashad

Bullish scenario: Bitcoin rallies through ~350, while smoothed RSI continues past 0.5 and Stochastic remains bullish at the time. Bearish scenario: Bitcoin plummets below ~320. Smoothed RSI continues to remain oversold, and bearish signals produced by stochastic. Keep in mind a Santa rally or new years rally may bless Bitcoin. Even if Bitcoin achieves these...

Rashad

Low volume at current prices combined with what is currently a hammer, look for volume to rise throughout the day as buyers gain strength. Cross below lower band of 20 day Bollinger band. This acts a strong area of support. Price is currently above. -Buy signal and move above 20 in Stochastic RSI (3,3,5). This is short term bullish. As prices continue to rise,...

Rashad

The Stochastic RSI (3,3,14,14) has produced a buy signal in the oversold range. If %K moves over 20, this will be a very bullish move upwards. RSI never crossed below 30. Most big moves down in Bitcoin are accompanied by a move below 30 in RSI. Percent Rank Tops-Bottoms suggests that Bitcoin is bottoming. Other indicators clearly suggest the truth behind this...