After an extensive move last week this pair appears to be a making a double top formation on H4 time frame, RSI is extremely over bought 80 plus and price has already in the fib confluence zone of this move before price broke to the rectangle, red box is the whole confluence zone to take the short opportunity in the lower time zone. If you look at the left of the...
Reasons for this trade opportunity : Pin bar formation on the daily chart at a major resistance level RSI above the overbought area Respect of the Fibonacci levels Good luck all
When monthly RSI falls at least to the half of the violet zone and stays there for some long time; when all market is exhausted of 1.5-years relentless down race; when all forget about BTC as a money; only then the new shining rise will show up. Show just started, guys. Your TAs based on daily metrics are waste of time. Think years.
BT is currently in a flag pattern, so is the RSI and the CCI.However, BT does not really show that much volatility in recent earnings reports. So, I would only be shorting till the 50 SMA.
My first idea ! 1D: ! Previous resistance at 0.0061 tested 3 times! !! Slightly stretched from KJ (thick blue curve), even more from EMA 50 (thin blue curve) which would suggest a need for correction. !!! New All time high but Bearish RSI, usually not a good sign !!!! If we correct, cloud is very thin so we could easily go through and start a strong bearish...
Another attempt at a call, since my last Bitcoin bearish call to short (or at least not buy) at the end of December 2017 came correct (See My Last "Idea" Below). This time, I've been slowly looking back at a historical analysis in 2017 (and even beyond) of times that the bullish market had very bearish indicators flashing. Earlier this year in April 2017 and...
WTC has so many bearish signals right now I don't even know where to begin. Volume divergence. WTC is rising on decreasing volume. RSI divergence. WTC rising despite weakening RSI. MACD divergence. WTC rising despite weakening RSI. Then there's the elliot wave analysis, which pretty clearly shows a retrace must be imminent. Even if you dont believe ANY...
It looks to me that we already have a real cup-and-handle formation as depicted by the green and purple solid lines. However, it looks to me that the subsequent run-up, roughly depicted by the solid pink line, has lent itself to form another cup-and-handle. This would suggest that the next formation would be a handle sell-off. A short-term sell-off that would form...
Hi guys, this is what i'm looking at today. AUDUSD (and also NZDUSD) is facing a strong resistance zone on the daily and weekly chart. Price is showing RSI divergence on the daily timeframe and also an overbought condition on the weekly. With the right confirmation on the lower timeframes, this could be a nice trading opportunity. Keep you updated! If u have...
Hi guys, this is what i'm looking at today. AUDUSD (and also NZDUSD) is facing a strong resistance zone on the daily and weekly chart. Price is showing RSI divergence on the daily timeframe and also an overbought condition on the weekly. With the right confirmation on the lower timeframes, this could be a nice trading opportunity. Keep you updated! If u have...
Almost every triangle an the various intervals from 15 min to 1 day, have seen a rise breakout followed by a dump. The main triangle started before Christmas is closing along with a smaller recent triangle. This double squeeze will give extra momentum to a breakout. I expect the pattern to be repeated with BTC rising and temporarily sneaking through the 13000...
I'm seeing GBPCAD hit resistance, it being overbought and a nice DOJI forming; going short...
XRP is currently at a upper trend line and will likely see some resistance. In addition, the RSI is overbought during a downtrend. Stop: 1.4 Target: 1.139
Going to be shorting GBPUSD on Monday; it had some stong momentum after all the talk of a soft brexit but it is time for a bit of a retracement. There is a consolidated resistance level which can be seen on the chart. Furthermore, the RSI indicator by @ChrisMoody shows that the pound is heavily overbought. I'm setting the stop loss just above the resistance. Regards, Sven
NSE:AUTOAXLES Automotive axles is the stock to watch out for, will hit a new high soon. Overbought many a times. Disclaimer: For education purpose only, consult your investment advisor before investing.
Hi guys, here i am again trying to short this pair. You could think i'm crazy but as always i do my analysis trying to be objective with the chart and here's what came out: we're at a major structure level (both weekly and daily), we are in an overbought condition on the daily, and there's an RSI divergence (both on the daily and on the 4H), we're also at a...
IBM has gapped up since yesterdays open. Looking at prior earning reports the stock does provide us with the volatility we need to profit off this earning. The RVI is backing this idea with the breakout in the trend. However, the RSI is showing this stock could potentially be overbought and a short-term sell off could occur. Also, the 50 MA is providing the...
Today's FOREX TRADING video takes a look at a trading opportunity on the EURUSD that should look familiar to you. After all, it's almost identical to one of the ideas that we shared with you a few weeks back. Akil