Oscillators are popular and widely used because they are leading indicators that can signal a possible trend change that is yet to start. This type of indicator oscillates between two limits, above and below a midpoint and its value helps to gauge the strength and momentum of a trend. Oscillators also typically signal if a market is overbought or oversold (meaning price is unjustifiably high or unjustifiably low), which could point to a reversal of the trend. This could be used to determine when to close open positions.
Oscillators work best in ranging markets because in trending markets they can show overbought or oversold conditions too soon. Common things to look for are a midpoint cross, approaching maximum or minimum value and regular or hidden divergence. Oscillators are usually plotted with a line or histogram. There are many oscillators such as the Relative Strength Index, the Stochastic Oscillator, the True Strength Index and the Ultimate Oscillator.
Could be an impending breakout...could also be a fakeout...watch for bullish volume to confirm. Probability favors a breakout with btc being so bullish lately, however there's not much room to climb up on the 4hr stochrsi...so it could still go either way.
Careful here longs I would wait for a confirmation of that resistance break. I exited all my positions yesterday but i'm pretty cautious most of the time. Saying that this is for swing traders, scalpers might be a few bucks here and especially shorties on the rejection :)
IMO as always
@cryptomarc
Crypto Market is back on track . As per my trend line expect to got to 9400 levels in the next 1 to 1.5 months . I have used demark analysis and they never fail - check my previous ideas !! I dont confuse people rather give a very precise calculation of targets .
The issue that has already attracted my opinion is the decline in market volume. On the other hand, in rsi, the inability to break the resistances 1 and 2 above is observed.
Please put the limit on 7170.
Of course, Bitcoin may try again after some time
https://www.tradingview.com/x/UHSVsBrB/
Hi all,
TRX has been in a downward channel for some time now, with low buying power (as indicated by the green Aroon Up line). Let's take a look.
Levels to watch, indicated with orange circles:
- RSI: might form bullish divergence if it bounces off of the green line, while also breaking through 30 (thus, moving from oversold to neutral = bulls getting more ...
Dear friends,
Looking at the larger picture it's currently making me more cautious about BTC right now.
Let's have a look at the Daily chart:
- RSI at 0.618 resistance
- Bearish divergence
- Price at multiple resistance and exhausted on shorter 4h TF
My short target is $6,800 for now.
All the Best from the Crypto Space
Alteroc
Not a Financial ...
- RSI Show Bearish Divergence
- AO Show Bearish Divergence
- Open Order in 1h
- Recheck in 5m price is break support line.
- TP below 23.6% (Support Line)
- RR 2.74
- RSI Show Bearishh Divergence
- AO Show Bearishh Divergence
- Open Order in 1h
- Recheck in 5m price is break support line.
- TP above 23.6% (Support Line)
- RR 1.56
It is possible the little few weeks break is done, and massive downside is about to happen, in particular with the weekly moving averages going down.
USD never stops going!
Going to wait for confirmation, and then a retrace, and I will join the trend. If this all happens, this will be very high probability.
We will know when 1.15 gets ...
There was upon a time when D4rkEnergY was Top Trader. He was number 1 every where - on THE DAILY, WEEKLY and MONTHLY list - he stole MagicPoopCannon's first place after only making public charts for 2 months! Was it a surprise? Of course not - D4rkEnergY is the stuff in the Universe that makes space expand and even accelerate - The dark unknown force is ...
Expanse is a open blockchain platform that has a low market cap of only 10.6M, but if you want to increase your portfolio, it is now in a very good position to do so.
At the daily chart we see it is between the lows from the last rallies, of May 2017 and Dec 2017, and below the 88.6% Fib.
After a few days in a sideways progression it confirmed a fainted double ...
"Brexit worries blablabla" "Pound weak".
Bla
Bla
Bla
Looks more like it is bottoming and the news are spewing nonsense as usual.
Next week if it goes down more, I probably go long looking for a strong bounce.
Same stuff as usual.
But I will wait next week with the risk of missing a bounce.
Have to be pretty careful thought if we lose support this could fall ...
You can see some fibonacci levels on the chart and we will start to buy from this levels and sell eventually at a higher level!
Which buy level?
0.000163
0.000143
you can choose one of the targets or use Kapital management to invest wisely.
The Rsi looks not a perfect moment to buy but rather to sell you coins. its not really on the top thats why we can buy at ...
THIS MARKET IS RIGGED CALL THE SEC CALL THE FEDS! WHOLE MARKET BEING MANIPULATED WHILE INSITUTIONS ARE ON HOLIDAY.
Playing above 200MA again.
And looks like the S&P500 is going to test the same resistance, ONCE again.
Just fall so I can be a perma bull for years without worrying about impeding doom. Geez. (You should be aware longing stocks is most of the time ...
There is significant divergence on the 15 min RSI and in the CMF. Higher timeframes are obviously oversold as well. Look at the 7200 area for initial support, followed by the 7050 area. Might update this later if there is significant interest. Want to get this out ASAP in case the correct does start immediately
Seems like there is an interesting point coming up. In the end we want to know if it goes up or down soon.
Just thinking about it a while will get you clear about its movement.
We had 1 correction now which took multiple years & Bitcoin being way to new was the reason back then.
