RSI showing BTC is getting close to hitting the bottom soon, based on this it could happen some time this summer. Things are getting interesting in the market with DXY looking like it has already reached its top and tech stocks having some nice pumps recently after being down for some months.
This is another renko charts. This time it's btc.d (dominance of btc) with 0.5% block size on the 1d.
We can observe something similar to a falling wedge pattern with clear bullish divergence on RSI. Since start of 2022 we saw a decent correction in btc pairs but still a lot altcoins looks alive. ETH/BTC pair for exemlpe. For now the dominance is slowly rising...
BTC.D 3hr Chart Analysis.
Fibonacci Retracement Showing Something .
BTC.D Also Showing RSI bearish divergence in 1d Chart.
I am Showing Question Mark In Chart Tell me Your Thought in Comments Box
Pump or Dump BTC.D
See Chart for More Details
This Time Wait & Watch
#BTC.D movement
Guy's Don't Forget to put SL in your Trade in this Market movement
I hope friends...
Market might consolidate a bit after the liquidity void has been filled. It is holding in Buyers Golden pocket for now and also playing in OB.
Wait for a break out and put your entry on retest.
It can hit TP 1 ( most probable) and TP 2 less likely.
Double bottom with divergence on MACD, RSI and Stochastic with 61.8% Fibonacci support from the bottom of the corona crash. Compared to the index finances are looking a lot better with JPMorgan Chase & Co. and Citigroup leading the way. Breakout of falling Wedge pattern shows a great opportunity for a Long position.
Hi friends.
AN ABC correction will compelete in 38.2% retracement.
divergence between Rsi and price is clear (like i show it).
also momentum is in oversold area.
we see an volume profit support in 0.37$
and a volume profit resistance in 0.7$.
Good luck Friends.
(this isnt trade advise)
Last night was a bloodbath for stock as predicted but there is an opportunity to buy CADCHF and other risk on currencies. The reason I chose this was:
1) Daily is UP
2) Oil is strong so therefore so is CAD
3) Strong divergence in M15, M30 and H1
Stop Loss is about 40 pips.
This could be a temporary bottom for the Market. First we have a divergence both on the Stochastic and the RSI. The price bounced of the trendline and the Fibonacci(Bottom of the Corona Crash and all time highs).And on the Weekly the price closed outside of Bollinger bands which could mean that the price is oversold in a way. But this is not the market bottom, far...
Bitcoin (BTC) is on track to record losses for the eighth week in a row, the longest streak of losses in history. Before this streak, the previous biggest consecutive weekly losses were recorded in December 2014, when Bitcoin was worth just a few hundred USD and was down for five weeks in a row.
Is Bitcoin Oversold?
Despite the severe sell-off, Bitcoin is still...
This is a dicey trade but we are going for it.
NZDUSD is M15 double top.
There is no pattern to sell, but a pattern to buy at 0.6240.
Target 100 pips, risk is 40.
The small-cap Russell 2000 Index has been the underdog among the four major US indices since last year. Its post-pandemic rally halted in early 2021, and subsequently, it went sideways for more than a year without making new highs. Meanwhile, the tech darlings continued to go north all the way until the beginning of this year.
The first half of 2022 has been...
EURGBP usually moves up when stock indexes come down. (Don't ask me why, it is just an observation).
We are seeing the pair consolidating and oversold on H1, M30 and M15. Nice double bottom coming into play.
Stop loss will be tight at 30 pips. Looking for a 90 pip ride up.
BTCUSDT anatomy of a bulltrap
* Heikin Ashi bearish;
* Show of weakness on volume / institutionals sell-off;
* RSI (overbought), Awesome, Chaikin Money Flow, all bearish triggering;
* Moonbois triggering;
EURCHF is still in the uptrend despite a sharp fall today.
There is a harmonic pattern shown in the diagram.
We are seeing strong reversal signs and looking to go long around 1.0380 and target 1.0430 for 50 pips.
The previous test of $104 was rejected. That rejection was characterized by multiple bearish capitulations on the daily chart and a bearish divergence on the RSI
De-SPACs often thrive for a little post-merger and then plummet below $10. I do not think Black Rifle Coffee Company ( BRCC ) will escape this fate. While it is possible it could go higher from its current level ($18.50, 2/26/2022), I see it eventually filling the gap below (between $12.38 and $13.55) and then going below $10. Bearish divergence already started...
