entry: ~0.99150 sl: no sl, if the trendline breaks sell the RSI bounce tp: don't know yet, I will update once I get filled on my entry
entry: ~0.9972 tp: ~0.9955 It is a short term position because on the daily timeframe USD/CHF is in uptrend, so shorting it is basically playing with fire. RSI got up to 80, so it is a crime not to short for a quick flip.
entry: 110.750-110.800 sl: No stop loss, waiting for the next oversold RSI bounce to close the position, adding up to the position on the way tp: 111:150-111:300 depending on EMAs resistance and lesser timeframes RSI
After breaking the yellow resistance at 8200 with decent followthrough, breaking out of January downtrend.Now, bitcoin is in full bull mode. The volume is very significant, RSI is up to levels from December. On the weekly timeframe we might observe the first bull MACD cross since October 2016. Best case scenario for the bulls is to form a higher low on the...
Hello cryptobuds, just a quick update, the resistance of 7780 has been broken but we didn't see follow through so it is still a resistance. As we are getting more and more oversold, as bulls buy the dips quickly and there is barely any bearish action, the RSI on the daily timeframe is approaching 70. Forming a higher low would be very healthy for maintaining the...
After the break of the daily downtrend the RSI has cooled off creating possibility of further bull action. Nevertheless, there isn't significant volume to prove the uptrend in my opinion so we might witness a higher low being formed in order to continue growth, as bulls are still slightly extended. Anything over the 7030 support would be fine, stop loss level is...
- RSI reaching 30 (oversold) - major trendline support