EURAUD has formed a wedge pattern to retracement level 23.6...I'll go long after the breakout is confirmed
I have marked with arrows each of the last 7 times the RSI for $BTC on the daily chart came up out of oversold conditions. (I have the arrows marked on the price chart too when it happened) The green arrows mark the bull signals where the market found buying interest to move the market higher to start a bull move. There were 2 red arrows where the market did...
Over and over again oversold conditions, coupled with high short interest are followed by a great opportunity for a long entry into BTC. Multiple Time Frame Momentum Strategy suggests that one should look for the momentum reversal to take place on multiple timeframes before entry. I like to see the following timeframes in alignment for BTCUSD. When oversold and...
We have reached the target 3200 as expected. I think the time to retest 4000, 4150 W1 EMA200 and 4400 prev high in an upwards correction will come soon as more buyers step in. SEC ETF deadline is postponed once again to Feb 27 as expected - no surprise runs any time soon. bullish: - oversold on W1 again - almost touched W1 SMA200 support - divergence forming on...
With market in volatile and downward trend, good companies with punished following earnings. $ULTA in at long term support area. Might interest long term investors. May not be suitable for short term traders in this market condition.
CHF/JPY chart is currently going up after bouncing off the ascending trendline. Also the stochastic oscillator is currently oversold on the 4 hour time-frame, signaling a long. A good buy period
The JSE Resources 10 Index has had a sharp decline and is approaching the demand line of the upward trend that started at the beginning of 2016. However, the decline to the demand line has been more dramatic than any other declines into the trend line. Will be watching for the reaction to determine if the upward stride will continue.
I know this is one indicator, and a lagged one. But, this is one good for verifying, and so far not enough to trigger a buy signal. This could stay in oversold conditions for a long time. (But definitely keeping an eye out) Be careful on this move to the upside, the bears are still in control of the primary trend. Thoughts?
Bitcoin has never opened and closed a weekly candle below the lower bollinger band. I expect a rebound this week.
EURGBP Timeframe: H4 Direction: Short Confluences for Trade: - Waning strength in bullish rally - Price at Horizontal Resistance - Likely to Breaking S/T Trendline - Stochastic Overbought momentum - Fundamentally, both nations have internal issues that have yet to be solved, it really depends on timing on the events release; do note that EU will comment...
EURUSD Timeframe: 1D Direction: Short Confluences for Trade: - Waning bullish momentum - Price action at Resistance of Parallel Channel - Price close to a Horizontal Resistance Line - Price reversing off a retracement of the 38.2% Fibo line - Stochastic Overbought momentum - Fundamentally, EU-Italy impasse still remains and concern about global growth...
So, as I feared BTC did choose not to respect the 4200 support line, that many hoped would be a magical Gandalf Mana shield barrier or something XD No, as predicted, trendlines don't count a lot in BTC, since the support is more akin to a squareroot function in the log chart. Therefore, we can go quite lower, without breaking the longterm bulltrend. The...
Something I noticed on the Bitcoin 0.56% 0.69% weekly chart is that before the second and third bull run, while the price was under the SMMA ( Smoothed Moving Average ) and the RSI was oversold (under 40 in this case), it would have been a good idea to accumulate Bitcoin 0.56% 0.69% . Is this a reliable indicator for future buying opportunities? What are...
The markets are way too oversold and fearful right now, a bounce should be coming up soon. The next support level would be somewhere around $50, but I don't really see that happening for now. I consider one more wave down into the $100 region, then a correction to somewhere between the 0.382 and 0.618 Fib level ($145-$170). Should be a good move since the dump was...
BTCUSD is forming a bullish descending wedge and oscillators are extremely oversold again so I'm expecting a move back towards the $4k before a resumption of the downtrend to the $3400 region. Bitcoin found bottom support for the downtrend on 20 November so I'm expecting a move back to this trend line support at the bottom of the wedge around $3660 before a bounce...
SHEN Telecommunication stock that's central eastern region and doing phenomnenal on monthly chart and DPO confirms it. Hasn't corrected being oversold yet, but good 5G buy for mid-2019. VZ TMUS S T
Each red vertical line is signaling when the RSI moved up out of oversold conditions. The price rallied nicely each time. This indicator can stay well under the green line to keep the market oversold. So, I will be looking for a buy when the RSI gets back above the green horizontal line and moves out of oversold conditions (or forms a divergence to price when...
From the daily chart, we could identify that there is a double bottom. Stochastic RSI is also oversold, and also we could identify bullish divergence. Disclaimer: This is not a financial/trading advice.