VentureBroker

VentureBroker

THIS IS NOT ANY FINANCIAL ADVICE, just some info. Quite simply this is a short IMO, RSI is at 90! And there is bearish divergence.

VentureBroker Updated 

Well I mean the graph shows a bearish divergence on the RSI, what more can I say but to short. This is not financial advice, or advice to use all your money. This is just info, I don't trade forex but was just having a look.

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Good morning, well I mean... Anyways, as you can see on the graph, last month we saw a doji candle ( two in fact), approving of a trend reversal which it obviosly did, causing XBTUSD to go further down. As you can see on the right-hand side of the graph, we can see that a similair looking pattern is emerging, which could just about hit the resistance line,...

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Ladies and gentelman, it seems that BTCUSD loves to make my day. So I am going in short, as by the next week we should see a price crash. P.S: Don't use this as financial advice, or to invest all your money.

VentureBroker Updated 

All the analysis is saying that until june we should go long in hopes for a profit, which I would agree with. However let us look at the bigger picture - as this can go very good or very bad. If the virus does go on for longer than the summer and until December, the US economy (in my opinion) will not be able to bail AAL, as they simply won't have the cash or...

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Same as my last post but with more tchnical analysis on graph: If you can look at my horrible chart, you can just about see that a double top is forming. Now you may be like well done you know how to identify what my 11 year old kid can do, but lets look outside of the box. Wall street is yet to open as new york is 5 am, and chicago is 4am, so some of the...

VentureBroker

If you can look at my horrible chart, you can just about see that a double top is forming. Now you may be like well done you know how to identify what my 11 year old kid can do, but lets look outside of the box. Wall street is yet to open as new york is 5 am, and chicago is 4am, so some of the biggest players are still fast asleep dreaming about something. Now...

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People, the RSI is your best friend! 90! 90! SHORT IF IT EVER GOES TO 90, this is a dream for any investor, they look at this and cry with happiness!!! THIS IS FOR SHORT TERM. Remember there is always risk with trading.

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Sometimes when the RSI is at 72, (overbought) you just need to short. We can clearly see that a simple look at it would have increased your profits. Personally, when ever it is over 70 or below 30, I always act corresponding to it. Remember trading is risky and things can go sideways fast!

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As you can see on the MACD, a crossover occured showing signs of an uptrend. Guess what - an uptrend did occur. Use the MACD!!! Also, if you had looked at the RSI a few minutes beforehand, you would have seen that it was at about 30-40, which COULD (not should) signs of going long! If that does not work for you, go for time frames such as 4H to see if your theory...