Short selling using the RSI of VWAP strategyRSI of VWAP has been published for Long side entries only. However, it can be used to short the equity. below are the details ...
1. Add VWAP to your chart
2. Add RSI (period 14) (set oversold line to 25 and overbought line to 70)
3. change the source of RSI to VWAP
when the VWAP crosses down to Oversold line at 25 , take the short position
cover the short position when vwap reaches overbought line 70
you can take profits anywhere you are comfortable / defined targets ...
Let me know what do you think of this idea ... based on that I will implement the code for short strategy.
Shorting
Bitcoin NEUTRAL?! Huge resistance! More BEARISH SETUP!Hey there,
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What do you think? Comment below!
Bitcoin currently seems kinda neutral.
If I had to choose, I would say it is leaning bearish.
1. Major resistance of 14k
2. Extensive run up
3. No retest of prior important levels 12k to 12,5k
And yet we should not underestimate Bitcoins strength!
We can also push beyond 14.5k, but the pullback will come!
Therefore shorting seems to be no way for me now.
Will way to catch the dip phase!
Cheers,
Konrad
Boulevard Of Broken DreamsWhatever will going to happen will happen, and what we need appeared.
Why the market had likely overshot when the economy still struggle? Because it is the nature of stock market, people like to run away from reality, wanna live in richness fantasy. "The more sweet dreams are the more hurtful when wake up" . The economy will affect the stock market, never the opposite.
When the music stop? We will find out in the next 2 weeks.
We can see a big pullback in 3500 resistance but the next 2 weeks could decide the market destiny. Keep your head objective, conscious, calm and cool. You will make a better decision.
Short below 3450, recommend if weekly price close under this position. (Stop loss >3600)
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Thanks for your attention !
Is a shorting like the one of March 12th predictable? BTC 2020- How would you predict a movement like the one we saw on May 12th? Those days BTC lost >55 % of its value.
- How can we take advantage of that?
- What technical/fundamental indicators do you suggest to use/be more accurate?
Any ideas and thoughts about this topics are welcome.
Guys, push the like button, write a comment, and share with your friend and foes. I'd appreciate your collaboration. THANK YOU! ☺
"The Real" Head and shoulder of the S&P ???I'm posting this as an idea, I thought that the head and shoulder was already here when we touched the 2780 level but we came back because the feds and Powell saying that they will do anything to keep the rally. Now this one (that I have in the picture) might come next week so I hope that the feds can't fight this really obvious technical indicator of a fall.
Or, I'm with a sell position and is just my bias of the trade trying to see and catch any false indicator of a big fall. (Although I'm pretty sure it won't go over 2971 or 2980 again).
Please let me know what do you think?!!!






















