Clearly Link has tested that area of resistance, after failing to break it and stay above it multiple times. RSI is showing a possible reversal, and MACD has also started showing sell conditions. Possibly looking at a retracement to the 200 day SMA before retesting resistance? Please give me feedback and tell me how I am wrong or if I'm missing something obvious....
3 Panel Chart Top Right Chart: -Daily chart using bollinger bands. Both bands are open, and price has been dragging along the bottom band. Price has pierced the bottom band several times, which doesn't happen very often. Sometimes when price stabs through a band, that could be a signal the strength of the move has peaked and is now slowing down. A clue to...
There is a potential for a short term SHORT trade on BTC/USDT. If todays bar closes < 34.7k (~3.5 hours till close) there is potential for a short. There are two target zones: Yellow zone, this is the most likely zone it may dump to between 32.5 and 32.8k White zone, between 30.3k and 31.8k, this may happen if the lower level of 32.5k in the Yellow zone fails...
"The TVC:US10Y Negative Divergence Played Out as we observed a scenario where the momentum indicator, such as the Relative Strength Index (RSI), had been showing bearish divergence with the U.S. 10-year Treasury yield. This indicated a potential weakening of the yield's upward momentum, despite higher prices initially. Subsequently, the divergence 'played out'...
On the above 8x8 8-day chart price action has corrected over 90% (slightly annoyed it wasn’t just 80%). A number of reasons now exist to consider a long position, including: 1) Price action and RSI resistance breakouts. 2) Strong bullish divergence with multiple oscillators. 3) Support and resistance. Price action lands on legacy support, look left. Is it...
Few charts have mattered more to investors recently than the yield on the 10-year Treasury note. After a strong move to the upside, some contrary signals may be emerging. The first pattern on today’s chart is the potential “hanging man” candlestick on October 19. It was followed by a lower close, and then a trio of bearish outside days. Such price action may be...
From the makers of "Floki" cryptocurrency comes Tokenfi. Tokenizing assets on the blockchain. Currently Floki has a 335 Million dollar market cap. All that money can easily be transferred to Tokenfi's Token and that is what is currently happening. They are using that money to pump Tokenfi. TokenFi's Token cryptocurrency (TOKEN) is a native token for the TokenFi...
Short answer, Bitcoin. About the same time last year the question was asked: “Gold or Bitcoin - which is the better hedge for 2022?” The idea is in the link below if interested. Suffice to say, there was Strong divergence, strong buy signals with study from multiply time frames. If you held Gold instead of Bitcoin you would now be in a position to have four...
AMEX:SPY November 2, 2023 15 Minutes AMEX:SPY as expected was around the target 421-422 levels. If you consider the rise of 414.22 to 421.9 AMEX:SPY retraced to 38.2 % levels around 419 levels before hitting 423 levels. Wave 3 is still in progress as per oscillator 5,35. Stochastics black bar is still on top. CCI green. Once AMEX:SPY takes out 423.75...
While Bitcoin continues to showcase its unstoppable bullish momentum, it's important to keep an eye on the weekly Relative Strength Index (RSI) indicator. As you may know, RSI is a widely-used technical analysis tool that helps identify overbought and oversold conditions in an asset. Currently, the weekly RSI for BTC has reached 70, a level that historically...
On the above 4-day chart price action has corrected 27% from the peak and 15% following the confirmation of the head and shoulders pattern, an expected measured move. A number of reasons now exist to expect an move up. They include: 1) RSI resistance breakout. 2) Support and resistance. Price action confirms support on past resistance. 3) Regular bullish...
On the above 4-day chart price action has corrected 97% since the sell signal (not shown) in August 2021 at $5.40, amazing. Now is an excellent moment to be long. Why? 1) A strong buy signal prints (not shown). 2) The strong signal also prints on the BTC pair. 3) Regular bullish divergence. Lots of it. This divergence is measured over a 3-month period. 4) IF...
AMEX:SPY November 1, 2023. 15 Minutes. Holding the low AMEX:SPY achieved the 418 target as expected. At the moment AMEX:SPY is above all moving averages. Wave 3 is in progress considering the length of the oscillator 5,35 green bars. However as can be seen it is getting tired. The price is getting higher but the oscillator is creating a...
Anyone finding interesting setups in small caps this earnings season? These often have more reliable patterns for swing trading. Since they are largely under the radar of the retail crowd, institutional patterns can be clearer. NASDAQ:CERE is an example of a stock coming up in TechniTrader scans today. It has 88% institutional holdings. A compression pattern...
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...
Hey Rich Friends, I think AU will continue to sell after retesting the supply zone (0.63340 - 0.63550). I have set a pending order called a Sell Limit. Here is what I am looking at: - Resistance in the supply area - Candles are below both EMAs - MOM is below 0 and negative - STOCH is below 50, orange is over the blue Please check the news and be mindful...
AMEX:SPY October 31,2023 15 Minutes. Divergence played out well. For the fall 421.43 to 409.22 61.6% retracement was 416.8. Yesterday's high was 416.68. Now AMEX:SPY is above all moving averages except 200 in 15 minutes. Stochstics black bar on top., Elliot oscillator green, CCI green. Holding today around 414 levels we can expect 418-419 levels, being 200...
TVC:DXY Bullish Trend Line Break, with negative divergence. Technical Analysis Description: DXY Bullish Trend Line Break with Negative Divergence The DXY, which represents the U.S. Dollar Index, has recently exhibited a significant technical development characterized by a "Bullish Trend Line Break" accompanied by a negative divergence. This combination of...