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...
Weekly RSI is approaching 30 again. Historically, this has signaled the cycle bottom . Whether you consider this a 4-year-cycle bottom, or a local bottom within a mega cycle , it doesn't really matter. All that matters is that a bullish reversal is just around the corner, and we likely won't see another buying opportunity like this for a few years.
The chart shows that the Trust Wallet Token(TWT) is in an oversold condition.
The indicators used for identifying the oversold condition are the Bollinger Bands, the Relative Strength Index, and the Stochastics. They are all indicating that the condition is oversold and it is likely for a small bounce to the upside before continuing to the downside.
Based on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on September 23, 2022 with a closing price of...
3 years since i posted on TV. No better moment to be back. The moment we've all been waiting for. The golden RSI breakout. After another completed cycle we summon the kickoff of the new 2023-2025 bull-run. Enjoy the ride the coming 2 years.
What is the RSI Color Extremes Script?
The RSI Color Extremes Script is a different take on the traditional RSI. With a shorter period setting, short-term trends and extremes can be detected.
How is RSI Color Extremes different from the traditional RSI and Connors RSI (CRSI)?
While the traditional RSI is 14 periods, the default setting for this script...
Hi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
I'll be exploring a few scenarios for a potential Bitcoin bottom. In today's analysis, I make a use of Technical...
AUDNZD pairs is approaching my key levels on the higher timeframe. I am waiting for a bullish divergence that may form and my confirmation. I will update this post once I entered the trade. Follow me to be updated on this trade & more divergence ideas.
Every time RSI breaks below 30 we see a reversal and a 50 to 150 percent gap up. We just broke below 30 on the daily and at the end of a falling wedge. With the next swing block sitting up at $40. All the factors are saying this is about to squeeze again.
DK (Delek US holdings)
Nice risk reward here on $DK for a swing long. A few reasons I like it:
-with T D sequential reversal 9 daily ,
- support of 200ema,
-and RSI at the lows.
I will wait until the end of the trading session today and see where it goes before entering a small swing.
On the chart, we can see TRXUSD is currently oversold.
This oversold condition is suggesting that the price will bounce up. This is a short-term setup and the profits could be taken at the target. The three indicators used are Bollinger Bands , RSI and Stochastic .
See all further details on the chart.
For the first time in years, we have witnessed a diversion in Bitcoin's RSI, which could possibly mean a huge reversal in BTC's price. Here is my point of view about this:
This is the RSI Multi-Length, which is a type of RSI that varies its length. For simplicity's sake. I’ll be referring those as just RSIs, because they behave as an RSI, just a bit...
On the ETHUSD 4h timeframe chart we can see that on this day the price became oversold. When looking at the Bollinger Bands, RSI, and the stochastics we can see all the indicators are matching the criteria for being oversold.
In our opinion the price will dropp a little bit lower today towards the support line. After this has happend you can take a short-term...
On the chart we can see the price is currently in oversold condition. As we can see all the three indicator are suggesting the oversold condition. So this can be an shortt-erm oppurtunity to get approximately 7% profit if this plays out.
The indicators used are Bollinger Bands, RSI and Stochastics.
See further details on the chart.
today im going to show you an ending correction pattern i seen in BTC chart.
as you can see in my chart , an excellent Elliot triangle shaping.
with ABC branches and longer C wave.
according to triangle rules maybe this pattern ends with a little triangle too
as i iilustrate in my chart with White color.
after that its important where the price...
Here we have the Yen reacting negatively to the CPI data just released and if you are shorting you may have nice opportunity here. As you can see from the blue lines, USDJPY has been on a downtrend consistently with lower highs from the top. In addition to that, it recently blast through a key DAILY demand zone along with a 200 EMA and closed underneath. Typical...
The New Zealand dollar seems to be unphased by the FOMC meeting this afternoon unlike the rest of the markets. Yes it moved up sharply but eventually settled back in its prior position with a little momentum to push back to top resistance points. Let’s zoom in.
Several items to note here that are brought to light:
– The New Zealand Dollar is currently still...