On the higher time frame ( Daily ) we recently broke the structure of a lower trend line. When this happens traders normally wait until a retest of that trend line in order to make a decision to hop on for trend continuation. This is all i did here, but instead of just waiting for a retest of the trend line, i have put a few other rules in my plan for when this ...
Hey, traders. Here on the GBPUSD, we have a great example of a CTS type of trade. This market is at a previous HTF level of structure. It has also gone overbought on the RSI on higher time frames. Now, that alone is not enough reason for me personally to enter a trade, but taking it down to an hourly chart, here we have a nice double top. This double top looks ...
BNB looks like finishing leg 5 and we can wait for ABC correction. Mostly looking as fomo, but setup for leg 3 worked perfectly. MACD and RSI show bearish divergence confirming coming correction.
Due to the explosive nature of the price action and the huge volume, it appears that Bitcoin is forming a set of impulse waves that could be the start of a new uptrend. Bitcoin is still missing its fifth wave and will likely test 8500-8600 region, the major channel resistance from the past two months.
However, on the shorter time frame, it appears that Bitcoin ...
HD peaked at $207.31 on January 26th and proceeded to selloff with the broader market, to a closing low of $171.80 on March 23rd (17%). At the closing low, the 10-day RSI was 29 vs. 23 on the higher closing low of February 5th, setting-up a positive divergence. The peak RSI between the two lows was 49, so using that as a confirmation, HD signaled a "buy" on ...
We have a RSI 1hr divergence and a closing triangle. A drop is about to occur and the next leg down about to begin.
Target around 7100 - 7300.
Lets see how this plays out.
Caveat: I am not a professional trader or adviser. Do your own research before making any trade. Never trade more than you can afford to loose.
hello guys, idea for next week. Structure in action, previous support zone has been tested. Looking for a buying opportunity!
there's also an RSI div!
eyes on that for next week!
best regards,
docCDS
unexpecting falling under 8700 before it touches 10781.
1-BTC fails TA with this movement.
2-im still expecting it will touch 10781 before it hits under rsi 19 value in 1 hour graphic.
3-if BTC continue fall and rsi shows under 19 btc is dead in TA for me.
Yesterday EURUSD H&SH pattern trading idea has not been completed as H&SH pattern was violated. Now in this video setup we using RSI divergence Trading Strategy to short EURUSD. This video is based on my trading plan, that i wanna take an opportunity. Also you may learn on how to trade RSI divergence in this video. This video at the same time and trading plan and ...
I'm looking at the BCHBTC charts and it's looking like the consolidation period is coming to a close. BCHBTC recently established found resistance at the 0.15 level showing that it was overbought according to the RSI and Stoch RSI shown on the chart. While BCHBTC is not showing that it is oversold on the RSI, it is showing that it's oversold on the Stoch RSI. The ...
breakout in LTCEUR incoming supported by a nice uptick in volume, breakout of the bearish trendline will lead to the next resistance zones, at 0.5 and 0.618
Only 12 hours into the today's candles, highest volume trader by far since early 2016.
This high volume trade validates the support zone for days to come if the still holds of-course. Head and shoulder bear pressure is off has reaches its destination.
Potential reversal/consolidation is possible ahead of us. Daily chart shows RSI has enter OS level, historical ...
