RSI is good to see exhaustion, strength, and other signs.
HOWEVER
Like ANY indicator, it's just a HELP & should NEVER be the basis of a trade.
Here's a perfect example.......
Looked as if weakening but CRYPTOCAP:BTC keeps going & slowly gets closer to 1st target we called some time ago.
RSI didn't break 50 & this is a HUGE win for #BTC bulls!
#Bitcoin buys...
Overlapped wave 1. Therefore, the whole structure has moved in a three-wave form. A complex corrective structure can be seen in the 4-hour timeframe, which should be expected to break the 0.48 level.
Otherwise, you should wait for the bottom of the blue PRZ zone channel and even 0.34.
We should probably see a consolidation above 48 cents. Therefore, it should be...
BTCUSD / 1D
Hello traders, welcome back to another market breakdown.
Bitcoin has been trading in a down trend, the price now is trading near the last swing low on the weekly where trapped bulls are still stuck with long positions.
checkout my plan to get short if it respects it, otherwise bulls are aggressive and you don't want to get in the way.
Trade...
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
BTC has been overall bearish for a while making lower highs and lower lows. and as mentioned in my previous videos, we knew that the bears were exhausted as the impulse movements were getting smaller in size.
Last week, the bulls took over by breaking above the last major high...
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#ETH
▪️I expect a continuation of the fall to the level of 840-900$. Bitcoin will also drop to 17,500-18,000$. Next, I would like to see the buyer.
Diamond shaped diametric for Atom,
Atom will be going through a period of correction and slow movement (Wave F) for the coming months , followed by an expansion to G.
I published these levels a while back and we see XRP respecting these support levels time and time again , each time with increasing volume . We could still be in the phase of building a bottom , which can take a while and price could go sideways for a quite a bit here. But these levels are superb for trading and for longterm entries. But I'd sell if price...
