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.
Stellar has been showing us a pattern of coiling prices that gets filled when it enters an optimal trading zone between the 61.8%-78.6% Fib and then start it´s rally. At this point we see that a double bottom structure was confirmed at the beginning of the weekend, just above this optimal area. The OBV is still high and as just rolled upwards with this latest ...
Hi guys I just drew the Tom demark Trendlines for BTC_ USD chart , looks like we are in for another short swing trade.Stop l loss is very close so its a hit or miss call.
Hey, like all my chart styles? They're pretttyyy :)
Perfect dead week ahead, good timing as I did ZERO of the research I wanted to do this week end, I want to peace out for a while.
I just set my 25-30 alerts which takes me 1h-1h30 every week (last week i only set less than 10 only wanted to trade clear trends).
I watch a little over 20 FX pairs, 4 metals, half ...
At present, a bearish engulfing pattern is seen in the 4-hour frame rate, which can lead to at least a slight drop. Meanwhile, there is a negative divergence in the 4-hour timeframe and in RSI, which is another confirmation of this opinion.
https://www.tradingview.com/x/qyi4FL6g/
Hey, so looks like EURUSD has been overextended on 15min rsi + macd. Pennant forming what seems to be a rising wedge. Volume is dropping off. Waiting for a volume spike. Macd has extended convergence = higher probability of volatile breakout. Green dotted lines are higher high/ higher low support & resistance levels. Arrows represent long and short limit ...
The idea for this is quite simple and no rocket science necessary to make decisions. This is to help you (hopefully) to anticipate instead of participate.
The thick yellow line is the default Stochastic (14,3,3); the shades of blue are lower time frame lines while the shades of red are higher.
When the 17 strands form a rope it's time for action, buy or sell. When ...
Dear all,
A quick chart on how I am monitoring BTC right now.
I see a lot of bullish signs on this red days, like we shall see a lot of bearish signs after several green days.
- RSI is bottomed
- Stoch RSI double bottom
- Parallel channel support
- Falling wedge
I'm a buyer with tight tight tight stops.
All the Best from the Crypto Space
RSI with EMA Signal Created By Request For @motcha1
@motcha1 Requested the RSI with EMA Signal.
A Larry Williams Follower who says it's a Great
Entry Signal when RSI Crosses EMA When VIX
Is Showing A Potential Bottom. Looks Good!!!
***Waiting For The RSI To Cross The EMA I’ve Found To Be A Very Precise Entry Without Getting In Too Early. Thanks ...
ONT is possibly forming a bottom, there is a lot of support in this area though the volume has still not returned which is worrying.
ONT needs to first break and hold above 0.00059.
On the 4hr and 8hr the MACD is crossing bullish.
On the 4hr the Wavetrend is finally coming out of oversold territory where it was since the beginning of July. The 8hr is still ...
BTC-WAVES: After a large period of consolidation, we now can see a potential bottom printed by a strong buying volume. We can also watch that the big buying volume was filled between the areas of the 88.6% Fibs of the big rallies of Jun 2017 and Dec 2017, and that it is converging with the trendline shown in the chart. We are just waiting for a trendline ...
