We are oversold on the indices and will be looking for a bounce...dnt know if its just temporary relief or the bottom....I dnt care actually I will just carve up my piece of the meat:)... buy stop at 6475. . . . .(already pocketed gains from the short see attachment)
A time like this is when it is most interesting to look at charts that serve as indicators to the broader market.. such as the good ol VIX as we see here on the chart. The VIX, which quantifies the volatility level of the S&P500 on a chart, has been a beautiful gauge on the overall markets temperature on being short heavily one way vs being long heavily the...
Every time the 20 week SMA (Yellow Line) crossed down over the 100 week SMA (Red Line) it marketed the Bitcoin bottom within a few days. These two averages just crossed so the bottom is either in, or will be in be in soon. Also, Bitcoin has never closed a weekly candle below the 207 week SMA (Orange Line). Lastly everybody is screaming for much lower prices and...
My models say the Fed cannot raise rates beyond 0.5 points tomorrow or they cannot be trusted in the future. We should see a quick rally to end this week and perhaps begin next week, before the reality of $6+ fuel prices set in again and we continue the bear market. Based on historical movement, the trough could occur anywhere in the larger red box. The final...
My models say the Fed cannot raise rates beyond 0.5 points tomorrow or they cannot be trusted in the future. We should see a quick rally to end this week and perhaps begin next week, before the reality of $6+ fuel prices set in again and we continue the bear market. Based on historical movement, the trough could occur anywhere in the larger red box. The final...
hello friends. hope u are good. you can see in my chart that maybe we are in 4th wave and we can grow till 50% retracement level (or maybe 38.2 or 61.8) and after that we can fall. also we can see the RSI trendline breaked up and it can be the buy signal. we see a divergence between RSI and price that i show it in my chart with orange circles. we see the stoch...
This one will be quick: 1) Look at the RSI. Self explanatory 2) Bollinger bands tightening sharply. Indicating imminent big move. 3) Last time it did 180% in 2 days. Enough said. 4) Project has great fundamentals Careful with leverage here. Small position only (especially with this BTC volatility). Maybe wait until BTC stops capitulating. Timeframe: Could...
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. ETH is overall bearish trading inside the brown channel and now approaching the lower trendline acting as non-horizontal support. Moreover, the green area is a demand zone and round number 1000.0 So the highlighted purple circle is a very strong area to look for buy...
$BTC RSI is beautiful right now, let's see if the same happen? You can see at the last cycle, it broke the RSI downtrend and slowly played around for a few weeks, then back up. To me, because this current drop is so slow, because we are so oversold, and because other major indicators are showing a sign of reversal within the next month or so, we are close to the...
8 Jun 2022 What will you do? Buy or Sell? Pair: USDCAD Indicators: RSI is divergences for bullish and Stochastic oscillator oversold. #usdcad #long
fib of bounce gives us about 50% retracement if there is some recovery to tighten in range we could look back up at 22.23-22.48 setting a daily higher low if market decides to gap up friday. if vwma keeps rising and trama flattens out we will have a bounce in semis. if these indicators keep bearish divergence we are likely continuing lower in broader markets. $23...
Riot Blockchain has been overlooked over the last few months. As Clearly seen on the chart, the correlation to Bitcoin's movements is closely correlated. > I Believe that an ascending support line has been tested multiple times but both Riot Blockchain and Bitcoin. > With the momentum driven by earnings season in the stock market providing significant upside...
i think this is headed for a terminal thrust or wave 5, and abc will correct on some support in the given lower ranges TLT. after seein all time highs, i believe the 10 year will fade if it enters weekly consolidation, and fails some break out level forming a false breakout of upper 90% range. TLT is on watch for bullish divergence macd, stoch, rsi monthly
I think everythings gonna keep moving the same way! I mean, AJ might've roc'd me a bit but that 200pip move on gold was saucy! EU did me som justice too. They also BLEW TF UP AGAIN! But, its not about trading all the time, its about trading well often ;) So with that being said, make it do what it do my trading family!! Happy trading <3
Bitcoin short-term view - RSI oversold - recovery likely Since the volume level $30.630 was ignored the last two times I am pretty sure price will remember and a likely correction might get there. Would mean a touch of the SMA200 as well. Another downside move can find support at $28.728. What do you think dear Crypto Nation? Drop me a nice comment. *not...
Had triple bottom in March. Test it again and bull from oversold likely. Ultimate LOTY to come later in September/October, of course, pretty standard. Not advice, just a WAG.
GBPUSD has formed an inverted head n shoulder pattern indicating a bullish retracement is happening. The Retracement target is the broken support turned resistance.
I want people to look clearly at this example of RSI! Every time BTC RSI has been between 33 and 28 look at the bullish move it has made...Im very sick and tired of seeing professional traders and chartest totally bypass what this chart is presenting to us... Dont we use indicators for a reason? Lets say the TWATTER and all the influencers were not crying FEAR to...