Long various alt coins soonHello everyone,
I am seeing a potential buy signal on Ethereum and similar alt coins coming up soon (within the next couple of days if not now). I am a purely technical analyst. I believe all the possible news and rumors that all the traders in the world have heard and acted on are already priced in the market. So to me reading what the market is telling me is like reading ALL the news, without reading any! Though I do enjoy reading crypto news at times. Just remember the trading axiom to buy the rumor and sell the news. This was certainly the case for ADA and DOT last year!
Anyway I have offered an explanation of my system. I will not give you an analysis that suggests it can go two ways. Those kinds of analyses are pointless in my opinion. How does that help? I am telling you the market is showing at least a short term bottom, and so it is time for me to jump in.
In my previous analysis, I suggested a hard down move for bitcoin, possibly to 20k. But now that I am seeing this signal, I have changed my mind. The signals appear when they appear, and I heed them, regardless of what I speculated on prior.
That is it for now. If you have any questions, please feel free to ask.
Wishing you the best!
Oscillators
4hr BTC RecapI know it is boring, but trying to analyze which way this is headed.
Of course tough to tell here, but I still lean to the upside with 43k a target on this bull zone.
However, if wrong I will likely breakeven or a small loss and in a boring whipsaw consolidation that is not too bad.
Fibo
ALGO/BTC (Algorand) Chart Showing Promise on a Logarithmic ScaleBINANCE:ALGOBTC has found support on the 0.5 Fib line and a rising trend line on the logarithmic scale. In this chart, I argue why these two signals are not strong enough and conclude that we should wait longer for a trade setup to emerge.
You can follow this chart here .
I hope you learn something from this video and if you like it, then please leave a like.
If you have questions, then please leave a comment.
Thank you.
Potential Alts long sometime next week.As mentioned in my video, the market may reach down here to the .618 to .786 level. Since the weekly and monthly stochastics are at a low, I am long for the time being, so I do not want to be shorting this market before it gets there.
If the market reaches there into that zone, and if I am seeing the profiles I expect on the oscillators:
1. stochastics RSI in over sold
2. Surge turning up and displaying a back and front divergence.
then I will be getting in my favorite Alts at God-speed! Let's see what happens!
Thanks for watching and reading my post.
How To Pick Bottoms Without Getting Stinky Fingers!Another wild session, another opportunity to suggest that you learn how to use RSI to find turning points, and perhaps more importantly, stay away from the drops that keep on dropping.
In this short video, I revisit the same concept from my past 2-3 posts, which is how to use Relative Strength (with the correct settings) to identify potential reversal points in your market of choice. The best markets for day trading being futures, of course! 🤑
Massive momentum divergence means a top is forming in OIL1. In this video I've focused on momentum indicators to show a massive divergence building with every higher high in the price of oil.
2. I also showed a longterm trend line providing immediate resistance
3. Lastly, I used cycle analysis to predict a major swing low ~ 8 weeks from now
TAKEAWAY: 3 independent forms of technical analysis giving the same outcome that oil peaks right now. This is complementing my fundamental view that inflation has peaked; aka oil has peaked.
Thank you and feel free to leave your constructive feedback
DOGE Coin. A Trend Shift is Taking Shape.BINANCE:DOGEBTC has seen many a great pumps in 2021, with smaller pumps inside the bigger ones in what looks like a fractal. Recently, DOGE has been going sideways for a whole month. This hasn't happened in a long time. It has always been trending lower and lower. A support line is gaining more significance as DOGE keeps bouncing off of it. I believe we are on the verge of a trend shift, either we remain going sideways for two more months, or we see a new pump soon that is greater than the recent weak 1-day pumps. Moreover, RSI is showing a sign of reversal due to stronger lows in RSI coinciding with lower lows in price. Let us wait and see how this unfolds, and whether the next pump is indeed stronger than the last.
Weekly Watchlist - December 27, 2021Some stocks that I'm watching for the week of 12/27/2021 - 12/31/2021
$IXIC $AAPL $MDB $MRVL $ROKU $SNOW $AMZN $DDOG $FB
How to use swing trading indicatorThis is tutorial on "How to use swing trading indicator " developed by me. Do use and benefit from it.
OHMDAI Bullish daily candle with biggest buy volume ever? Howdy! Hope everyone is having a good weekend out there. Green hammer, huge volume (biggest green volume on the daily ever for this pair), nice bounce from support confluence. We need VOLUME and to start making higher highs/low as well as flipping resistance to support. All my ideas are laid out here for you. Let me know your thoughts and any ideas you might have! Thanks :)
Garreth
OHM Descending channel/macro outlook Hi all, hope you enjoy my analysis here. Do let me know if you prefer written or oral style updates. I certainly prefer to listen to content and find it easier as an explainer. Obviously I'm charting OHM and not gOHM here, IMO supply and demand aren't the same between the two so it's worth looking at OHM as that's what I feel most investors are looking at. My last few ideas on RSI divergences have been pretty well timed and pumped, but we lost momentum/had failed swing-high unfortunately. Feedback welcome :)
Kairi Relative Index - OscillatorKairi calculates the deviation of the current price from its SMA as a percent of the moving average.
If the percent is high and positive Sell (Overbought )
If the percent is large and negative Buy ( Oversold )
The trading strategy is similar to RSI, but the upper and lower limits will be determined based on previous results and not like RSI at a certain level ( 30 or 70)






















