With the world markets in Turmoil, Bitcoin has managed to bounce around 70% from its lows and we now find ourselves at round $7k at the time of writing. It makes sense to have a review of the market to see how things are shaping up.
What we currently know is that Bitcoin is trading below all the key moving averages and the yearly pivot, we know that losing...
Some new setting on the Oscillator Divergences Indicator.
Fixed the label position when plotting on the price chart.
Added option for EWS to only plot the currently developing divergence (if any).
Added a bunch of presets. These can be when plotting on the price chart and all have the standard defaults.
RSI: Relative Strength Index
MACD: Moving Average...
Ladies and gentlemen, i'm back again.
PLEASE BEFORE ANYTHING ELSE : CLICK ON THE LIKE BUTTON AND FOLLOW ME. YOUR SUPPORT IS VERY IMPORTANT TO ME.
Now, let's begin with some serious stuff and recap everything in BTC since 2017.
For most of the crypto-space, yesterday was a terrible day. Maybe one of the worst there has ever been. For me, of course it wasn't....
KALA PHARMACEUTICALS INC $KALA is forming a CUP & Handle formation with a leading BO on the OBV index. The stock had also a lot of insider buying power and positive news with their EYSUVIS (a dry eye disease)
ERIE's chart seems to work on overbought levels. The chart mark the levels where the RSI is overbought, and when it goes back to under 70. Using these as signals have worked well in the past; of course past performance is no guarantee of future results; and Implied Volatility is over 400% higher.
OBV has stayed in its upper channel (Bull)
200sma is working as...
Looking at BTC on the weekly chart
* RSI very heavily oversold
* Willy at the -50 line. From here we need to decide weather we are a bull or a bear, break above or below will determine this
* Histogram is still in convergence and still looking great on the Weekly. (The daily histogram has broken to new lows)
* OBV has crossed bearishly
* Bears are in control of...
There are some hella smart guys and gals out here in TradingView-landia.
I'm long BTGright now, and my analysis shows adding to the position may be wise.
I feel like a missed a window 01/28 and 01/29 at 4.20 (capital availability, stopping out on NIO has given me some space).
Before I add to this position, I wanted to pose the question to the genius-level crowd...
Here we have a bullish continuation setup developing on the YOYO/BTC pair.
I have to recognize that I'm "pushing the chain" because the price can't retrace more than 0.66 Lvl, but yeah, I'm not a robot; I see the consolidation around that level also the bullish market structure which is forming and now breaking out.
This setup is an anticipation...
This idea still focuses on the basics of price action and volume action. It is a bit repetitive because I have done similar posts so consider this an update to those posts.
The blue and red trend lines show where the trend line went from support to resistance, which is bearish price action
The black trendlines show divergence on the price action to OBV and OBV...
All indicators (OBV, MACD, RSI) have bullish upward trend going on, with the RSI indicator @ ~38, slowly coming out of oversold levels
Furthermore, there is a beautiful hammer candlestick right off the 8MA (green line) - which could indicate that buyers are ending their rest and starting to buy the stock again - followed by very low selling volume.
*Not financial advice. Do your own research!*
Not writing much here, chart should be somewhat self-explanatory. Currently exiting the least volatile period of LINKUSD (according to 200d bands) with upward trend. Watch for increasing and sustained momentum ahead if this is to play out. The first major decay of this momentum will likely signal the top.
+ some OBV...
We have BTC coming down with a nice healthy retrace to the .618
Harmonic gartley playing out perectly
Currently holding a ling term trendline
Holding the top of value on VPVR
Bullish divergence in OBV and Willy
Histogram has a bullish div but still not confirmed
Long term buy zone in green (Between the .618 and .786)
What do I see happening: If we break this...