Centered Oscillators are leading indicators that oscillate above and below a midpoint and typically don't have an upper or lower limit. Because there is no range limit and these unbounded indicators can technically go as high or as low as they want, overbought and oversold conditions are not easy to find, though extreme readings are used in some strategies. These technical analysis tools each have a different internal logic and most (though not all) are used to gauge the strength or weakness of momentum.
Review the definition of the MACD bullish/bearish divergence signals, and you will realise that BTC is currently not experiencing a bullish divergence.
BTCUSD
Here we take a quick look at Gold and, unfortunately, it did not bounce as expected. We have also broken beneath the uptrend line so therefore, it is bearish. However, momentum is still bullish which means when it does take-off, well then, it's going to the moon. But for the time being, gold is near landing zone and would be interesting to see it touch and go.
Free fall we definitely did when we sliced right through that support block in my last chart.
Bounce will be commencing shortly, 8100 is the target for this insane dump. Worst case scenario would be 7900-8000 area before the chaos stops. I don't even want to think about any lower, just doesn't seem likely with out a bounce first!
We've had enough ready your ...
MACD 4hr reversed. AST kissed the support line and bounced right off of it. Good signs for the next target of ~8069 satoshi.
Things are very shaky thanks to BTC, trade at your own risk! I'm expecting a big dip soon in BTC.
Dear day traders,
RMI still above 50, as I have commented on previous idea, the price will only go down when the RMI shows a massive negative slope.
Money Flow still confirms solid buying power. Still, the 15min chart already signaled some weakness. I would still hold on to BTC position and have a stop loss at 8090, but I don't advise against going short now.
I ...
Litecoin appears to be nearing the end of a bullish non-limiting triangle, however, this pattern still remains unconfirmed and could potentially break in either direction, but the upside seems a lot more likely based on momentum and also the general bullishness of cryptocurrency at the moment with BTC nearing all time high again.
Also since this is a non-limiting ...
This simple RSI-MA long/short algorithm beats the Dow by a FREAKING HUGE margin over the past century (excluding dividends and trading costs).
The algorithm uses a fast SMA of the RSI as a buy/cover signal and a slow SMA of the RSI as a sell/short signal.
Backtest period = 09/17/1916 - 11/02/2015
DJIA = 98 --> 17,830 = +18,094% = 5.38% CAGR
Algorithm = net ...
examining this pair i have came to the conclusion that it will make its way up the price of 150 and test the zone before being rejected and making its ways down to 140. -Pauric
H4 CCI divergence close to weekly trendline (dark blue).
short opportunity with TL touch as entry level, target 4H TL (light blue).
R/R 1:3
stop loss 1.5x ma(ATR14)
Manipulation of price is what its all about as supports/resistances show little initial impact (sharp price action breaking these, one after another)
Volume of lower lows & sell drop volume outweighing the rebound volume may reinforce capitulation to the previous bottom of $6500 although if drops below, manipulation may fade & we may get a look at what condition ...
Hey, i can see strong resistance on daily and strong support forming a triangle. We should wait to see if there is a breakout.
On 2 hr chart, descending triangle, elliot wave, i think that we are finishing D wave, E wave is soon coming. If we are going bullish, we will break the descending triangle and then break the daily resistance. If we do that we can expect ...
Decent NANO setup:
Support tested for the 2nd time, unbroken.
Upticked RSI on 2nd overall test and 3rd if you count the smaller re-test.
MACD histogram just starting to tick up. Should look at lower timeframes for buy confirmation.
You could ride this to at least the known resistance for a cool 13% gain.
