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.
A quick study composed to illustrate the multiple levels of divergence Ethereum has had since November of last year.
Based on this study, short term trend changes typically took place at the second level of divergence on the Relative Momentum Range Indicator. The only other acceptation for this, was the reversal from the top this last January. At that time, was ...
Bullish divergence on the daily RSI confirmed 20 minutes ago: https://www.tradingview.com/x/qGRwPogU/
Here is a cheat sheet on divergence: https://i.imgur.com/wVw4L6h.png
Here is a historical look at daily divergence since we reached ATH 6 months ago: https://www.tradingview.com/x/Fn0XJCzI/ As you can see, they all played out at least for the short term giving ...
Whilst a break below support is still a very real risk - there is clear bullish price divergence on the 4 hr chart as well as the daily chart. This would suggest that support will hold - at least for now...
On this 4 hr chart we can see the red line and green lines linking respective low points on the Bitcoin price and RSI. Whilst the price falls over these ...
Large gap to fill to $6. Lots of people shorted based of this charts price action https://finviz.com/quote.ashx?t=RENN&ty=l&ta=0&p=m but as I look further I find this is inaccurate. If this breaks $3.20 again it has no previous resistance till $6 and the RSI is very oversold sellers look to be exhausted.
we can see some bullish divergence but all the ichimoku lines are indicating bearish momentum.
So its better to look for shorts. The safest place to buy is 1.155 area with sl under 1.15 . A clearer buy opportunity will come on the break of double bottom neckline at 1.18.
https://t.me/Soloichimoku
Bitcoin has suffered quite the badgering this last few months, but it may be nearing a pivitol decision in where its direction should go in regards for the next half of 2018. The obvious answer by a technical analysis standpoint is that there is a bounce incoming, probably to the next resistance level around 7.8k The RSI and Bollinger Band indicate a bounce; as ...
Happy Friday!
Everyone in the market seems to be very bullish but I'm going to say we are more than likely ready to bounce at this point. I see bullish divergence on BTC and it looks like the 5 count down is complete or near complete.
So for TRX my target 1 would be minimum 5.5 here but for me i'll be holding for a while on a long at this point. Plus, my ...
Hello!
On chart Im using 10 and 50 Moving Averages on Daily chart to generate Trade Signals on this choppy market.
When price break through 10MA in upward direction it can be used as Early Buy Signal.
We get Buy Signal when 10MA is crossed and above 50MA.
For Sell signal 10MA should fall below 50MA giving us a short opportunity.
On the Top of the chart we ...
BTCUSD
This chart represents my short-term view for BTCUSD.
I will wait to buy, everything indicates that it will rise much higher in a few months, so I will try to buy at the lowest price as possible.
Remember, investing in cryptocurrencies involves very high risk, as prices have been extremely volatile.
After Watching GBPAUD hit our confirmation levels dropping over 150 pips,
Waiting for the Primo entry - The pullback has confirmed a reversal.
the Divergence is one of my favorite pieces of confluence to look for a trade setup.
So after Supply & Demand action observation as well as a confirmed touch to 50% Fibo Retracement level.
We have a confirmed Idea of a Short.
USD Current Price: $4.88
USD All Time High: $73
Neblio has a small but very active and hard working team. Q2 they have launched their marketing campaign.
I still think we will fall near 6000 sats, you can’t really ask for a better entry if we make it there
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 ...
Dear Friends :)
I have the last couple of weeks, warned you again and again about extraordinary high manipulation in the Bitcoin-market (BTC/USD). I received earlier today a link on Twitter to a blog on Steemit, where a guy documents, how a group of whales are discussing, how to manipulate a market.
I therefore decided to spent a lot of time to analyze the last ...
Hello My Dear Friends and Followers! :)
We are back again with the always interesting Bitcoin! We are this time taking a look at the 1D BTCUSD Chart! But before we go on, I'll just say, that I'm really happy today, and you know why? The reason I'm here on TradingView is to help other people. Yesterday I got this message in our private forum:
I just want to give ...
On the daily timeframe, price has completed a 3-wave structure (ABC), hitting the ratio expectation between 20.39 - 20.97 area as well.
On the lower timeframe, we are seeing a diagonal structure forming with a divergence in RSI too.
These give us a good reason to be looking for a potential reversal trade on the USD/MXN, targeting 17.81 as the first ...
