In essence trading is using people emotions to your advantage. When something is oversold you buy, when overbought you sell. Because this is a very volatile coin i think trading the rsi works very good.
This is my bear market scenario when bitcoin makes new lows into the 20k range. Unless sentiment really improves i don't see this make new all time highs. Especially since it already gone 100x since the all lows. But long term i'm bullish, this is a really good project.
Every time IWM goes sideways for some time it break to the downside. It has this bad tendency to do that. Also lot of bad stuff going around now in the world. I expect a retest and then more downside.
Remember that facebook is run by mark zuckerberg, he's an alien lizard with superhuman iq. This in itself is bullish. FB will have to reinvent itself, we will have to see if the metaverse is a success. But this stock is very cheap now and sentiment on all time low. Feel like this might bounce again.
Stock is very oversold on the rsi. We retraced to fib level. I'm tempted to sell some puts on this stock.
I feel like what we are seeing now is a bull trap. There is clearly bearish divergence since we made the last all time high. Usually crypto bear markets don't go straight down. Normally the bottom of a bitcoin bear market is around 500 to 550 days before halving. So that would made us bottom somewhere end september this year.
Ew waves are clearly countable on this stock. Has also divergence on the rsi and we are almost near a fib level now.
I like this etf from a fundamental standpoint, it's very underrated imo. Ai is going to be the future and they seem to have good holdings, very diversified. Every time the rsi hit this low we ended up higher half year later. Question is if this is the bottom. Maybe we first make a move lower to 40 level. If this dips the coming weeks i'm going to sell put options...
Thing getting back to normal. Last time this stock did this was 2008 area but then was not as crazy like now.
Last time market got this oversold was in 2018, maybe a bit similar. Google has good fundamentals but tech is getting killed right now. Hope is drying up in the market. I expect more downside to at least 2300, maybe more
Seems to be in for more downside the coming months based on ta and a weak tech market.
I believe this should squeeze to 4 area. Because it's way oversold at this point. We might even break the channel and make a new one. Because if it keeps dropping like this it will be bankrupt in not even few months. Which seems unlikely to me.
The rsi is very oversold. We should be in for a short bounce but it might not be meaningful in this weak tech market. However it's probably not a bad area here to start averaging down.
Based on bitcoin making a low about 520 days before halving
Stock that go sideways can still be good for swing trades
Trading the 50 and 200 ema doesn't seem like a bad strategy. Right now we are still bearish.
Seems likely to bounce at 2 dollar imo because it's way oversold right now