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...
Daily time frame analysis shows Gold making correction as we can see the price near 0.618 Fibo level. I expect the price will make correction/retracement for these few days before it continues for bullish momentum. On top of that, the RSI already oversold at 88% which means it will act as our confirmation for short entry. Last but not least, we need to wait for...
Recently I came to a new understanding on RSI and MA and how one can trade with this indicator.
I have leveraged others scripts and created my own RIS_EMA\MA indicator, soon to be share out, so watch my space for this.
I believe others have done this but I feel a cleaner job can be done.
Using Fib Fan...
RSI Divergence on EURPLN. Combining Friday & Mondays price action gives us a solid bullish hammer as an entry. Stop placed below recent low and limit placed at 50% retracement of recent move for 1:4.3 R:R. One slight drawback on this setup that isn't sitting right with me is the fact that the lower bollinger band has not been tested although the RSI dipping to 25...
Considering the daily time frame showing possible bullish divergence.
If we're following Elliott wave theory it seems a long WXY correction is not yet over. As it must respect Fibonacci ratios which are most the golden ratio of 61.8.
The bull scenario here if it will break out from the trend line resistance. It's still possible since bullish divergence is...
October is expected to be a bad month for most technology stocks due to the earnings recession, but the bright spots in the sector are software and IT services. Avaya sits in both those categories (primarily software). Down roughly 30% since its IPO this time last year, Avaya is surprisingly inexpensive at close to its all-time low. Its RSI is recovering from...
Software stocks are fairly cheap right now, both when you look at them in isolation and when you chart them relative to the S&P 500. On that chart, they're close to their lowest level since March:
This is a nice opportunity to enter, especially since software stocks consistently beat the S&P 500 in the long...
UnitedHealth Group has had an incredibly strong showing this year, and right now it's priced pretty attractively at oversold level on the hourly chart. On its daily chart it's at RSI 38, nearing oversold (RSI 30) but not quite there yet. It also hasn't yet tested its August low of 220.78 or its one-year lows of 208.07 and 216.84. I suspect we'll get a bounce...
Kura Sushi may be setting up for a double bottom bounce from 18.50. The stock is very close to oversold on the hourly chart. A price of 18.50 or an RSI of 25 on the hourly chart would be a great entry signal. A decisive break below 18.50, however, would signal a downward breakout and further downside ahead for the stock.
With a P/E around 100, Kura Sushi is...
Not so many days ago, ZS missed earnings by a little bit but still show strong revenue support.
You can see the downward gap on earnings day.
Back in February you see the Positive Power Earnings Gap from the $50 support level up to the $57 level. Almost the exact same line as this recent earnings fall. This triggered an OVER SOLD on my watchlist and took...
Since March of 2017 we have only seen 3 bullish crosses on the MACD for XRP/BTC 1W chart. I have circled those crosses. We are very close to a fourth bullish cross which means it is almost time to buy XRP. As you can see, the distance between the crosses is becoming longer and the returns seen after the crosses are becoming less. BUT, that doesn't mean that we...
The Price broke the trendline of the asymmetrical triangle so we are expecting the Price to seek for the next resistance.
MACD divergence is shown clearly as it is near the resistance zone and bounce back. Also RSI is in oversold and did not crossed the resistance which means no confirmation.
Comment your opinions!
In the first half of 2019, investors in crypto-currencies returned to fundamentals:
The market speaks for itself about altcoins which are mostly empty shells.
In 2019, obviously the market is not mistaken and plebicite essentially, not to say exclusively, the only cryptocurrencies that have the characteristics of RESERVES OF VALUE: Bitcoin and Litecoin.
This stock has been beat down with opioid lawsuits. It got a bump from Oppenheimer giving it a $12 target. I am going for $10.50 target.
I have opened a Bull Spread on this stock.
Trades to open position No. Price Total
buy 20th Sep $8.00 Call 15x100 $1.80 $-2700.00
sell 20th Sep $13.00 Call 15x100 $0.21 $315.00