Material Indicators Profile picture
Jul 31, 2022 ā€¢ 12 tweets ā€¢ 6 min read ā€¢ Read on X
1/11 We've been trading sideways most of the weekend, but today is a Daily, Weekly and Monthly candle close. Expecting some volatility.

This šŸ§µ will analyze #Ethereum charts and Trend Precognition signals to see how things are developing as we near the close. #NFA
2/11 Yesterday I shared an #ETHUSDT chart showing a tentative short signal from the Trend Precognition A2+ algo. At last night's D close the signal printed and new short signals appeared on both the A2+ algo (arrows) and A1 algo (dots).
3/11 Trend Precognition signals won't print until the D close, but confluence between the A1 and A2+ algos increases the probability of accuracy. The fact that the short signals also have confluence with technical resistance at the 100 DMA increases probability that #ETH is toppy
4/11 I've often stated that we shouldn't make trading decisions based on one indicator or factor and that we must put everything in context. So far we've looked at 2 Trend algos and used technical analysis. Looking at #FireCharts 2.0 (beta) we can also see a sell wall at $17k
5/11 Confluence between both Trend Precognition algos, TA and ask liquidity on the order book all point to #ETH retracing some of it's recent rally. Using multiple tools to help us identify the trend reversal helps mitigate a lot of risk, but...
6/11 ...depending on the time horizon of your trades, things could change so before you push buttons, zoom out. The Trend Precognition signals above were for D charts. On the W chart, #ETH is still riding a long from June, but the A1 slope line indicates a change in momentum.
7/11 New Trend Precognition signals can flash on/off before a confirmed print on the next candle close, but the A1 Slope Line moves in near real time making it a predictive indicator showing where momentum is heading in between printed signals. It's trending down on D & W charts
8/11 Looking toward the Monthly close tonight we see both Trend Precognition algos are flashing Long on the M chart. These signals could disappear before the close, but if they print, that could indicate #ETH could move higher in the coming weeks or months.
9/11 Our recent #ETH fractal models how this could potentially play out, and it matches the Trend Precognition forecast. I don't recommend trading fractals or taking them too literally as they can deviate in both price range and time or invalidate anytime. That said...
10/11 All of the above elements paint a very compelling story for #ETH based purely on algos and TA without any of the POW --> POS chatter or other CT noise. The charts and #tradingsignals tell you everything you need to know.
11/11 If you found this thread helpful, please like and share it.

If you want to learn more about the Trend Precognition indicators, here's a tutorial. Learn more about Trend Precognition here...
*$1.7k

ā€¢ ā€¢ ā€¢

Missing some Tweet in this thread? You can try to force a refresh
怀

Keep Current with Material Indicators

Material Indicators Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @MI_Algos

Feb 8, 2023
1/23 It's easy to find bullish and bearish elements in the charts to fit you bias, but being a maxi can be risky. Remember:
Markets ebb and flow
Data constantly changes
Your bias only needs to match the TF you are trading

A šŸ§µ on the #data influencing the #BTC trend and PA.
#NFA
2/23 Before we dive into the macro for #Bitcoin, let's look at what's happening this week. It's rare to have a Daily MA #GoldenCross and a Weekly MA #DeathCross happening on the same asset.
3/23 The #GoldenCross printed and the #DeathCross between the 200 & 50 WMA's is coming on the next candle. Knowing why we have conflicting signals isn't as critical as knowing how price will react, but if I had to guess, I'd say, short term manipulation.
Read 23 tweets
Aug 31, 2022
If you are questioning how or why anybody would even consider the possibility of a green Monthly close today for #Bitcoin, congrats on not being a blind sheep follower. You should question every trade setup before you push any buttons. Let's analyze šŸ§µ... Image
Depending on what exchange you're on, #Bitcoin had a July low of ~$18,763 and closed ~$23,322. A rally to that level would require a 15% move from here. Is that a high probability outcome? Absolutely not. More on that in a bit... Image
We can all agree that a one day, 15% run for #Bitcoin is ambitious, unlikely, and a bit crazy to consider.

We can also agree that PA has been crazy lately, and if any asset class has the ability to move like that, it's #Crypto.
Read 24 tweets
Jul 28, 2022
1/4 Trend Precognition made perfect calls at the start of a 10 Day, 725% rally on @Barn_Bridge coin #BOND and then signaled SHORT for a 53% dump.

Note: The strength of the signal has no relation to the size of the move, it only indicates the probability of an accurate call.... Image
2/4 Through the cycle, the MTF Mean Reversion indi gave a bunch of #TradingSignals. MTF has an impressive hit rate, but I don't want to create the illusion that these indicators nail it 100% of the time. ImageImage
3/4 Spot checking through MTF signals you can see that even some of the higher entries scalped profits quickly before the cascade continued down. This is why we choose lower TP targets in these market conditions, and it illustrates why #riskmanagement is critical to your success. Image
Read 4 tweets
May 20, 2022
1/ Bear markets are notorious for brutal fakeouts, which is why it's critical to identify targets and invalidations.

Here are key levels to watch in both directions.šŸ“‰šŸ“ˆ

#BTC analysis šŸ§µ
#NFA

More from Material Indicators here... mi1.pw/mitwmay
2/In bear markets everyone is looking for a relief rally to exit or add short. Those are good strategies if you can tell the difference between a fakeout and a breakout. #FOMO + failure to identify invalidation levels are why so many people get rekt. #BullTrap #ShortSqueeze
3/ Identifying targets is easy. Determining breakout or fakeout is more challenging, and while there are no sure things, there are some things we can look at to help mitigate risk of getting trapped. To get some perspective, let's start with an ultra wide macro view of #BTC
Read 17 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us!

:(