As my title indicates, this plot highlights facts above all:
- Bitcoin price follows "Square Root" channels (SQRT function)
- All with an alternation of local Dips (each time higher than the previous ones) and new All Time High (ATH)
- These cycle Dip always materialize by an RSI 14 under a value of 34, showing an oversold (see my analysis of 2018-12-18 in link...
Gartley pattern was found on 26 April 2021 21:30 UTC+8 with Risk/Reward Ratio : 1.41, R1 : USD776.91 and S1 : USD654.30.
Elliot Waves correction ABC was found twice on 30 April 2021 00:00 UTC+8 (RSI Oversold) and 1 May 2021 01:30 UTC+8 (RSI Overbought) with Risk/Reward Ratio : 0.62, R1 : USD711.38 and S1 : USD695.11.
Nearing the PCZ of a second Bullish Cypher on the Daily at Monthly Support/Resistance while showing MACD Hidden Bullish Divergence on the Daily, a slightly Oversold RSI, and a Stoch RSI the looks like it will have no choice but to cross upwards very soon.
I think so long as we manage to stay above the 0.886 Fibonacci Retrace, the trend should stay intact but if...
I will be putting an expendable amount of my portfolio into this name to accumulate shares at these prices as it's reached the PCZ of a Bullish Gartley and seems to have been very beaten down and is now dirt cheap and extremely oversold on the RSI.
Been waiting awhile for NKLA to pull back to these levels and i plan on buying NKLA between $10.7 and $7.8 as it's reached the PCZ of a Bullish Alternate Bat Pattern and seems a bit oversold on the MACD and RSI at the moment.
The 4HR RSI seems to be coming out of the oversold territory within the PCZ of a Bullish Shark Harmonic, I think it could attempt to target previous Higher Resistance levels from here Potentially between $14-$16 if all goes well.
A bearish shark pattern form within the 1-hourly sell zone, but on the 4-hourly chart the same zone it's merely a consolidation area. I won't be surprised if the consolidation zone(black box) is broken and the market heads towards the red zone before any shorting opportunity.
Hence, candlestick confirmation became important.
I have changed up how to best display projected movement. In the case of CB, 1 of my algorithms signaled a BUY on March 22, 2021. Equities nearly always obey the signal and move up, but sometimes it may continue to move down first.
I have placed two red boxes and two green boxes on the chart. The larger red box depicts all of the historical movement, from a...
You can see from the Daily chart going back to last Feb 2020 that all the Highs and Lows have been supported exactly when they touched RSI channel. To me this is buy-time but please do your own research. This is for my own personal trading. Covered my shorts yesteray and switched to long until the chart tells me otherwise. Comments welcome.
When looking at the 1 week chart we can see more clearly that this recent pullback in price was preceded by a bearish divergence between price action and RSI. We have now entered oversold territory and I think there's a good chance that price will bounce at support however if support is broken we could see an even further pull back to the $100-$110 region.
IRESS is another software company listed on the ASX where it is a provider of financial data and markets as well as asset management. Unlike the recent boom in tech stocks IRE has trailed behind and has not recovered to pre pandemic evaluation. However there may be something we don't know that could make IRE a potential buy. Recently (As off the 22nd of Feb) a...
XZC seems to offer an opportunity here.
Here is what I see:
Price is rebounding from an ascending support line, which was previously tested.
RSI 1H TF just moved above 30.
RSI 4H TF is below 30.
A potential 70% profit if price breaks the descending resistance line and flips it to support.
Potential TP Targets:
- price reaching an historical low
- RSI : strongly oversold, on the weekly and daily timeframes
- macd getting to the end of a red cycle, on the weekly timeframe
- divergence between price and indicators (MACD & RSI), visible on the daily timeframe
I think the price could easily bounce to weekly EMA20, i.e. 1600-ish sats.
My entry point is 890 sats and my...
This has lined up perfectly, as beautiful as clock work.
We've seen this very similar set up back in early January of 2018 which was the spark that caused the highs of March 2020.
I've posted a trail of posts leading to this point & I finally believe that we have found bottom and will see up from here.
This is in a falling triangle which began building from...
On the daily chart, EURUSD has finally broken and closed above the previous high, that gives a confirmation on its bullish run. I'm waiting for the retracement to 1.2086-1.2039 without breaking and closing below 1.2039 for a buying opportunity as a trend trading setup.
I would try to make a simple Wyckoff analysis of ETH/BTC using daily candles. The Wyckoff analysis I would try to support using RSI-14 indicator as the one shows oversold and overbought areas.
The RSI-14 showed little oversold area first time in the range of couple of weeks. That would may suggest that we went in accumulation phase. So, there...
There is a lot of hype in the markets right now about PayPal being interested in cryptocurrencies, but no one can really understand the impact or direction of the current trends until we get to a stable point in the market with working payment system using the PayPal API. No one really knows how the PayPal platform will even work much less if people using...