August 3, 2019 |

Sunday Weekend Update into August 5th – Broad Markets Dip While Cryptos Rip

In this weekend’s analysis, we take a look at the broad market ETF daily Raindrop Charts (TM) and weekly hollow candles into the first full week of August and compare how the crypto weekly charts are looking. To learn more about Raindrop charts and the platform in general, make sure to check out all of our User Guides. 

Weekend Broad Market ETF & Crypto Charts

SPY vs. Bitcoin

 


Make sure to get ready for TrendSpider’s first “Chart Pattern Beauty Contest” on August 12th! 


SPY: Daily vs. Weekly Chart

QQQ: Daily vs. Weekly Chart

BTCUSD: Daily vs. Weekly Chart

ETHUSD: Daily vs. Weekly Chart

LTCUSD: Daily vs. Weekly Chart


BYND Before and After: The Power of Trendline Alerts

In this weekends “Before and After”, we take a look at the BYND chart after earnings dropping hard down to the trendline below with an alert created. This alert went off at $186.90 and the price moved up over $15 after getting this alert. Instead of staring at the chart to watch this price action, the system let us know when this level was reached! This just shows the power of having TrendSpider watch your trendlines and price levels for you! Learn more about our unique Trendline alerts here.

 


Related Blog Posts

  1. Alerts – Add alerts to your trendlines and indicators with sensitivity.
  2. Conditional Criteria Alerts – Create complex conditions to be met between a mix of lower indicators and price action.
  3. Multi-time frame analysis (MTFA) – Overlay your chart a secondary timeframe with on trendlines, indicators, and Fibonacci levels.
  4. Trendline Preferences – Customize your trendlines to automate a consistent trendline drawing strategy.
  5. Add Watchlist – Create your own watchlist and quickly move through charts with automatic analysis on each!
  6. Automatic Candlestick Recognition – Automatically input your favorite candlestick patterns into the system and have TrendSpider find all the ones on your current chart!

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REMEMBER: These are charts that have interesting technical setups based on automated technical indicator analysis included. Charts and analysis provided for educational reasons only. TRENDSPIDER IS A CHART ANALYSIS PLATFORM. IT IS NOT INTENDED TO BE TRADING OR INVESTING ADVICE. ALWAYS DO YOUR OWN DUE DILIGENCE USING MULTIPLE SOURCES OF INFORMATION AND/OR SEEK THE ADVICE OF A LICENSED PROFESSIONAL BEFORE TRADING OR INVESTING. Please read our full risk disclaimer on our website by clicking here.