$VOYG has taken an absolute beating since the all time high about this time last year. Claiming a loss in December 2021 saved me on my taxes, lol. Obviously the price follows bitcoin...the recent FA for this company is brutal as well. Looking at the weekly time frame. I see opportunity here. RSI looks set to reverse. Ten bearish candles counted...usually not...
Because Fantom hit oversold in the RSI indicator, it is probable that it goes up towards the resistance line, then bounces back and consolidates, breaking through the resistance line. This means Fantom will revert and turn bullish. DISCLAIMER: This is a theory and can’t be approved till further notice BINANCE:FTMUSDT
TLT (20+ Years Treasury Bond ETF) Huge drop since January 2022. If you connect all the big lows since 2013 and draw a line you will notice that TLT is now sitting on a huge support and has starting to bounce off the 119 level (Green line). RSI weekly and daily oversold. Let's see if we can get a decent bounce. I'm long April 29 call. We can target 125,...
The RSI just hit oversold on Bitcoin, meaning a bull season will about to start for the cryptocurrencies. It is very probable that the tendency will revert. LET'S GO PUMP MAY BITSTAMP:BTCUSD
> Riot Blockchain has been dragged down by the greater tech market sell off. Bitcoin is still holding up. Considering the correlation Riot has to Bitcoin's price, this provides upwards momentum. > The Nasdaq is falling into daily and weekly Oversold RSI levels. This increases the likely hood of a bounce in equities, suggesting upward momentum in Riot. Earning...
after formation of great pinbar candle in weekly timefram with bullish engulfing candle and formation of inverted H&S pattern in 4h and daily timefram ... i will go long with GBPAUD specially after breakage of the neck line (NL) ... goodluck.
All EMA lines stabilizing. Waiting for the 50 to cross the 100 day EMA to confirm mid term bullish run but could be an instance where you see the 50 cross both the 100 and 200 day EMA. Overall, bullish sentiment is there RSI weekly value below 40 and tons of bearish movements bound to correct itself and reverse. Great time to scalp price of ETH.
Did you notice the inverse head and shoulders? How do you feel about it?
The chart above shows the Fibonacci and momentum analysis in the Bitcoin historical chart. As can be seen, the market bottom in the RSI and the wave_trend are determined by the entry of these oscillators into the oversold zone. In cycles 1 and 2, it is observed that bitcoin is squeezed above the 0.382 Fibonacci ratio after reaching ATH, and creating a descending...
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 February 18, 2022 with a closing price of...
So in short, price has hit a barrier on the RSI portion of the trend. Originally, as seen on the bottom of the chart, price has been steadily dropping due to a long downtrend. I am not sure how heavy the drop will be but I will say that the RSI is correct due to price leaving the Bollinger bands too. For those who do not know, the Bollinger bands are essentially...
On weekly charts BTC is sowing a bullish Divergence. Btc recently rebounded from over sold zone in RSI on daily charts. With this divergence, it seems that BTC could show a bullish rally with next target to be last swing high of $50900. Keeping in mide Feds hawkish stance and current rally in Dollar index and 10 Year bond yield, this could be a false alert but im...
Wow, it was a reversal day for the ages! And a perfect session to revisit how to use the Relative Strength Index (RSI) to better time your dip buy, if that's your sort of thing. RSI (Length 3, Upper 84, Lower 16)
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...
Any kind of ETF naked PUTs are my favorite at high IVR. My choice for today: ARK Fintech Innovation ETF Reasons: - high reward for Jan21 monthly expiry (mangeable with rolling) -> collecting credit - RSI is already oversold - breakeven point is far - PUT strike at 0.618 fib Max profit: $210 Probability of Profit: 89% Profit Target relative to my Buying Power:...
Bitcoin looks like it is about to enter a 3 months of bull-run. Wave theory and hidden bullish divergence on rsi with a positive overall sentiment around the world after the omicron panic indicates that bitcoin is going to have a really good quarter. My personal price estimation is close to 83k.
So the USD looks ugly...... Sure. BTC /ETH or BTC / Perp not your cup of tea....Fine TOTAL looks like $hit and the 200 is drowning everything.....Yup We've got a couple tricks left up our sleeve....... Allow us to introduce to you Mr. RSI! Hint: Look what happens when we oversell ;) When in doubt, zoom out. W.E.D.C.
What a fantastic week for range trading! Today, on a very red Friday session, we had the perfect Extreme Turn Buy signal. Let's break it down. Note: The Extreme Turn Signal featured in this video is generated from a custom, hybrid indicator, build with love and passion, from my team here at the tradersdevGROUP ("TDG" among friends). But you can recreate the...