BTCUSDT has been falling for days since its major peak at $68K and the market is in deep fear after this downward movement; however, there is some evidence that the accumulation phase has begun and the signs is laid under the BTCUSDT weekly chart. As you can see in the weekly chart, the price dips have been always accompanied by major market volumes which means...
With main confluence from MACD , Stochastics, RSI and MTF EMA's, I am expecting a run to 69.28. Momentum looks to be rising on the Daily, but if you look closer on January 26th we see divergence on the MACD indicator (Orange). While price reached a low at that time, MACD has been steadily rising. Price has been driven lower through this time but MACD has been...
I will keep this brief: 1) Price has dropped over 98% (!) from ATH 2) RSI is as oversold levels, descending wedge forming 3) The falling wedge drawn 4) It has printed red candles for a consecutive 10 weeks. How much more can it drop? 5D BTC pair chart looking nice too Can the price drop more? Sure. But after a 98% correction? I am willing to say chances...
ALOT is showing a resistance in supply/demand in buyers with more selling on 4h chart. Fibretracement 0.786 would drop to $20.75-20.80 or more likely $19.20-19.35 resistance zone areas as better buy. Watch the black change to blue on 4h or 1d chart for entrance, which is currently black. @MarxBabu for longbuylongsell chart adding MACD, volume, volume...
RSI with EMA Signal Created By Request For @motcha1 @motcha1 Requested the RSI with EMA Signal. A Larry Williams Follower who says it's a Great Entry Signal when RSI Crosses EMA When VIX Is Showing A Potential Bottom. Looks Good!!! ***Waiting For The RSI To Cross The EMA I’ve Found To Be A Very Precise Entry Without Getting In Too Early. Thanks...
If helps you, please like and share. FX:GBPAUD #trend_hunter
If helps you, please like and share. FX:EURCAD #trend_hunter
An idea for ETHUSD I expect the next bottom to form along the 200MA, which correlates well with the 200MA (green) Areas in yellow are strong bullish entry points The bottom point falls along these diagonal downtrend lines as does the top point There seems also with the current top formation to be a large divergence on the RSI
Considering both the Bear Flag pattern and the Stochastic Relative Strength Index on the daily timeframe, as well as the weekly timeframe pattern, BTC's eyes are on the grave. The search for liquidity at a much lower level, in the $18-20K range, should not be overlooked. Of course, we may see an increase up to $35,000, but this possibility remains a difficult one...
Now we are in the corrective phase and currently in Wave C which is a 5 wave impulse lower. We are currently in the 3rd subwave and expecting a brief retracement for subwave 4 and then another move lower for subwave 5. We have the fibonacci extensions in place for possible reversal zones which we can look at for a bounce. We also have a descending trendline in...
After offering multiple sell opportunities, the BTCUSD pair is now consolidating on the 60m timeframe. Similarly, the RSI Exhaustion at the bottom is consolidating as well. Both these consolidations mean that the pressure is increasing and ultimately the pair will break either to the upside (trend reversal) or to the downside (trend continuation). Remember to...
Bearish case: - If 69k was our 5th and final wave, RSI failed to make a HH which is typical of a weak final 5th Elliot Wave. Price made a new high and RSI made a bearish divergence. - Weak volume with next to no strength in flow of the move Bullish case: - Given EW theory, the 3rd wave should have significant volume and the 5th should display a clear decline...
Hello to all members of TradingView and my followers. Well, Bitcoin fluctuations have intensified in the last 24 hours. The buying pressure we saw the day before in the range of $ 29,500 caused the price to hit the range channel ceiling resistance again in the four-hour time frame. Again in the last few hours, we have seen a sharp drop in prices from $ 31,500 to...
Price is leaving the channel, ranging for now. Ichimoku; tenken sen crossing kijun sen in the next few hours would signal bull. RSI has room to move up still. Greater volume is required for further upside imo. NA waking up. Set call/limit order/alerts. Targets near the bottom of the kumo cloud. Tight stop at nearest bear fractal below call. call/limit order: ...
This trading system which you are going to learn here is called the Cowabunga Forex Trading System. The Cowabunga Trading System is a trend trading system. So what this forex trading system does is use the 4hr time frame as for identifying the main trend and then trade entries are taken in the 15 minute charts. So here’s how it works: 1 - If the price in the...
Why did I take this trade? 1. .236 fibo & good weekly support 2. RSI Divergence on Daily TF 3. Long-tailed Pinbar
Welcoming a guest, @hugginsleexxv and I are describing our perspectives of Bank of America's future trend, buying opportunities, and price projections using methods like RSI, WYCKOFF, TRENDS, multiple MA, Linear regression
Refer to chart. Already started dumping very brief desc very brief descvery brief descvery brief descvery brief descvery brief descvery brief desc