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.
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 ...
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
- Price hit to the Support Second time
- RSI Show Bullish Divergence
- Open Order in 1h
- Recheck in 15m, 5m also show Bullish Divergence.
- TP at 38.2%
- RR 4.65
- Price Show Higher High but RSI Show Bearishh Divergence in the same time.
- Open Order in 1h
- Recheck in 5m price is break support line.
- TP above 23.6% (Support Line)
- RR 3.72
Ps. Maybe Open Order too early again T___T
Hi all,
LTC has broken out of the downward wedge/channel on the daily chart and retested the upper line.
Combine this with the bullish divergence on the RSI and OBVOSC_LB, and a pretty bullish scenario arises.
I'm buying here, with the .382 fib retracement level as first target, and stop loss just below the lower channel line.
Comments and feedback are ...
Price of currency pair AUDUSD reached key support level.
Good opportunity for a short term long position.
Position further confirmed by Stoch and RSI being in oversold zone.
Do let me know what you guys think.
Happy Trading.
Hello im fairly new to TA so any suggestions are welcome!
I saw a bullish Div a while back I did not enter any trade on btc but its what i was studying before making a decision whether to buy alt coins or not. I did not get in at the lowest point but thats okay.
Positive indicators:
Resistance at 6800 was finally broken where the neckline was drawn also!
Macd ...
Let me short that real quick.
I am risking very very little and already using over 20% of my margin on one of my 2 FX brokers.
Really feeling the awesome new regulations. I am going to get capped really quick, if I dare take more than a few trades in october when activity resumes.
I will not be allowed to hold winning positions as swing trades?
Good setup for short term selling of GBPJPY currency pair.
Short position further confirmed by Stoch being in the overbought zone.
Do let me know what you think.
I think this because I have thought it thus it has been thunked and shall be thought by thinkers who thank they thunk that I have thunk about thinking as well.
Lets see where it goes, I feel like it'll be up up and away by AUG 5th.
There is a very strong and extended bearish divergence on the RSI on the hourly, 30 min, and 15 min chart. It is a sign that the short term uptrend cannot be sustained without at least a correction.
Short-term bearish on LTC as I see bearish RSI divergence. Also, it is near that previous second resistance so I don't see it breaking without a reload. Nice golden cross here so I don't expect much of a retracement so look at getting back in soon.
@cryptomarc
Took some profits today on XRP. I see some bearish divergence on the hour time-frame so I figured we may see a pullback here. I'll get back in when it dips again but I don't think we will see a deep retracement.
@cryptomarc
We can see a bullish falling wedge on the daily chart for BTC. Also if we take a look at the RSI we can see how after it breaks a resistance downtrend line it goes to a new high. I believe that this in combination with us being at almost 2/3 of the falling wedge is an indicates a high probability that we will break out of the wedge in this uptrend and after that ...
