Bullish case: 1. End of corrective wave 2 2. Price-RSI Divergence 3. Price-Volume Divergence 4. RSI double bottom
Since my last call for a "long then short", I believed the opportunity to short SPX is here in the sense that the risk-reward is now too favourable on the short side.
📉Hi Traders, Investors and Speculators of Charts📈 It's always good to refer back to the MACRO trend when watching BTC. From a macro perspective; we're definitely overdue for that proper bull-cycle correction - also important to keep in mind the halving coming up in April. We can confirm this bias by taking a look at a very specific indicator called the Balance...
I've used 3 indicators, namely, MACD, RSI & BB width to show the idea of momentum building up in the background. If VIX spikes that's definitely not a good thing for the markets. Volatility is a mean reverting animal so its just simple statistics that a big spike is coming. TIMEFRAME: If vix starts to pop this week, the rally could end 3-4 weeks from now.
**Stochastic RSI:** Stochastic RSI is a momentum oscillator that measures the level of RSI relative to its high-low range over a specific period of time. It is an indicator designed to identify overbought and oversold conditions in a market. 1. **Stochastic RSI Formula:** \ \ where RSI is the standard Relative Strength Index. In this context,...
: 1. **RSI Crossover Strategy:** - RSI Length: 24 - RSI Moving Average Length: 150 In a typical RSI crossover strategy, traders often look for signals when the RSI crosses certain thresholds (e.g., 30 for oversold and 70 for overbought). In your case, with a length of 24, you might consider buying when RSI crosses above 50 and selling when it crosses...
**Strategy: 50 EMA + Heikin-Ashi + Stochastic Oscillator** **Indicators:** 1. **50 EMA (Exponential Moving Average):** It helps identify the overall trend direction. 2. **Heikin-Ashi Candles:** These modified candles provide a smoothed representation of price movements. 3. **Stochastic Oscillator:** It helps identify overbought and oversold...
Here is the TrendCloud Trading Analysis of BABA. If you are looking to be a buyer and accumulate this stock then here is an edge you can use. All 3 charts are in a downtrend and momentum is also down. This is very powerful and we can not start buying yet. Take a look at the demand zone coming up on the daily chart. We can look for trend reversal patterns...
DISCLAIMER: Trading Forex/Cryptocurrency involves risk and you may lose more money than you started with! These posts are not to be taken as financial advice and I offer NO guarantee that any of these ideas will result in profit. Also, trade ideas may change, depending on ever-changing market conditions. You are trading at your own risk and past performance is NOT...
Kaspa's daily chart recently made a hammer candle after almost reaching a 0.618 fib retracement, implying a possible reversal. However, is this a time to buy the dip or will this keep going down? Current lows on the daily RSI correspond with previous buying opportunities.
Welcome Investors, Dear Esteemed Viewers, Technicals Today's the 30 of November, and EUR's uptrend suffered a breaking. Technically, it means the downbreak of the rising dotted purple trendlines. This technically important price action aligned with a bearish cross on RSI and a bearish daily candle. The target price of this bearish setup is about $1.082, and...
The analysis done here shows extreme complacency in the market which is indicating a top could be forming. When everyone is bullish you have to be worried.
Hey Rich Friends, I think AUDUSD has the potential to continue to sell, here is what I am looking at: - Candles entering and rejecting the supply zone - Momentum is low but not yet below 0 - STOCH facing down, no longer overbought and the orange line is above the blue line. Pending orders are recommended. SL will be above a previous high and TP below...
MRNA is far too oversold and beaten down. I've shown past 4 examples of selloffs and the rally that follows. Expecting a 40%+ rally from CMP over the next 2-3 weeks
Hi Traders, Investors and Speculators of Charts📈📉 I'll be making a series on altcoins that are trading well under 1 dollar. These coins make for great additions to a diversified portfolio AND with such a cheap price, why not get a few. You never know which one will 100x 🤑 CQTUSDT Covalent : SOLOUSDT Sologenic : And SYNUSDT Synapse on the front chart: ...
Hey Rich Friends, Happy NFP Week! Please remember to check the news and trade with caution. To start this week off, I think EURJPY will continue to buy and here is what I am looking at: - Candles rejecting price going lower in the demand zone - Candles are above both EMAs and the blue EMA has crossed above the purple EMA - MOM is facing up and positive -...
USD JPY tapped into the strong resistance and watch the video to understand how to trade it
Hey Rich Friends, I am happy to say that after 4 days, this trade has finally hit TP 1 and it looks like it will be moving to TP 2. A classic case of HOLD DON'T FOLD. I used the same strategy I always use in all of my videos with a little bit of supply and demand in the mix. I hope you guys were able to secure some profits from this trade idea even though it...