If you have ever wondered how to estimate the exact price corresponding to future RSI oversold and overbought levels, there's an indicator for that called RSI bands. It's basically Bollinger Bands for RSI. It plots the RSI oversold/overbought band lines relative to the price. You watch when the price touches the bands. On the chart there are several P contact...
XLE and WTI demonstrate high level of correlation i.e. move in same direction. XLE provides stock-ETF alternative for traders who do not trade WTI. Interesting to note that WTI has outperformed XLE since Q4 2017 while the latter was capped at a 2-year high printed in December 2016. Bullish view of WTI and XLE in previous piece I was looking for swing long WTI...
FAANG vs tech and FAANG vs big cap analysis since 2014 ...
iShares MSCI Emerging Markets Index Fund vs S&P500 ETF, waiting for a breakout.... (or breakdown?)
The bearish DailyPlay we chose for Wednesday, May 23rd is General Mills (GIS). GIS is part of the Consumer Staples Sector (XLP). Over the last month, XLP has experienced a 1.53% move lower and its 1m and 6m trend turned bearish yesterday and recently bounced lower off its $50 resistance level. General Mills' 1m and 6m trends turned bearish on 4/18 and recently...
THC Long Idea Has been on many people's radar since last year and this Jan. Nice cup pattern in weekly chart.
As you can see I've been playing DNT like an absolute fiddle. I see this as a great long opportunity because I still consider DNT undervalued in terms of market cap, and think it has a lot of room for growth. Since its initial pump, it's been staying faithfully within the ascending channel while drawing down between fib levels of resistance. I definitely see DNT...
Ripple is forming support along long term support level (green line U) and also forming a triangle pattern. As bitcoin pumps higher, I suspect diagonal support line 1 will be tested, followed by the 62% retracement, green support line T and the 100 day moving average, followed by support line 2. Touching support line 2 would represent a more than 20% correction....
Short entry to continue with trend line on the hourly. Entry will be right as price action crosses below 20/50 SMA on the hrly chart. Entry on pullback to allow tighter initial risk.
Entry just above prior candle on the hourly. SL set below support on hourly, expecting bullish continuation if entry stop is hit. Will be trading over 20 & 50 SMA pm the hourly at this point.
Entry on the rally, expecting a bearish trend continuation on the long term. 1/2 position entry, will add on once it breaks 20 SMA on hourly.
Short to capture long term trend after bullish trend tired. Entry under support on the hourly with stop just above resistance. Full position.
Here we can see a few altcoins pitted against Bitcoin, to see how the fiat value of each evolved throughout the year. Investors look at these metrics often, and in this case, it tells us about the relative strength and liquidity, of all these instruments, and potential risks when being invested. ETH started very volatile, but while it was in a positive trend, it...
Entry above high base on hourly chart, stop just below prior resistance break. Trading above 20&50SMA on hourly. 2:1 r/r, full position.
Entry on pullback of bullish uptrend. Trading of 20&50 SMA on hourly, entry will be above 20 SMA on 15min chart. SL below 2nd support level on hourly chart. 1/2 position entry.
Entry on bullish pullback. Trending over 20&50SMA on 1hr chart. 1/2 position. 1:2 R/R.