maga22

maga22

Does the golden cross and its opposite make sense in BTC? I think looking at trendlines is better and RSI. RSI line should remain in the green area for it to be bullish and the price movements should close above the trendlines... Let's see what the BTC price movement will do next.

maga22

OBV still descending confirming the downtrend. RSI close to 30 = buy signal When the candles bounce up at least twice on support level (green) then I will enter the trade (buy/long). Sell at purple line.

maga22

Resistance on the red line. I will sell close to this line. Support on the green line. OBV is rising, too. Confirming the uptrend. RSI is almost at 70, which is a selling signal.

maga22

Let's see this go down to 0.6770.

maga22

Entry-Sell point at AUS/CHF 0.6758? SL (stop loss) 0.6792 TP (target profit) 0.6708 What do you think?

maga22

Hi, I just thought to quickly look at the chart and see when I can buy in again... Do you agree with me or would suggest something different? Thanks for looking at the chart! Have a nice day! Pat :)

maga22

Everything confirms and shows a downtrend, but looking at the trendlines and centre line for the RSI indicator. It seems that we can perhaps hope for a reversal soon IF 1.Candle stick crosses the grey dotted line and we see higher highs. 2.OBV line crosses grey dotted line and we see an increase 3.RSI crosses centre line (50) for a bullish momentum. Do you agree...

maga22

What are your thoughts? :-) /Pat

maga22

I would feel more confident if the ADX (black line) is above 20 but in a falling state. In this case it looks as if it increasing... My interpretation of Volume and Price: Volume Share Price Interpretation Decline Uptrend Bearish Decline Downtrend Bullish Increase Uptrend Bullish Increase Downtred Bearish What are your thoughts on GLBS ?...

maga22

Declining volume & downtrend means either a lack of buying interest, which pushes the price lower, or a lack of selling interest, which could eventually push the price up again. Why? Because, the less people want to sell, the less supply there will be, hence, a price increase. What are your thoughts on TRX? If you have recommendations or tips - please, let me...

maga22

What are your thoughts? If you have recommendations or tips - please, let me know below at the comment section. /Pat

maga22

How long will the bullish trend last? I wouldn't have sold as early as I did, if I knew about the "Golden Cross". I just recently learned about it. :-) A Golden Cross occurs when the faster moving average (50day) goes above the slower moving average (200day), which is a good indicator to enter a long trade. A bullish Golden Cross (or Death Cross) is the opposite...

maga22

Any constructive criticism is welcome. :-) Hi, Thanks for looking at the chart I have analyzed. I know the Elliot wave is just my future assumption - let's see what happens. If you have recommendations or tips - please, let me know below at the comment section. /Pat

maga22

Any constructive criticism is welcome :-)

maga22

Hi! :-) Any constructive criticism is welcome. My Questions: 1. Would you consider this as a Bollinger squeeze? 2. What trimeframe do you recommend for swing traders? 3. What kind of indicators do you like to use? Thanks, Pat

maga22

Any constructive criticism is welcome :-) My questions? 1. Would you consider this as a Bollinger Squeeze? 2. What timeframe would you recommend as a swingtrader? 3. How would you draw the trendline? Thanks, Pat

maga22

Any constructive criticism is welcome :-) I made some comments on the chart and it looks like it will be bullish next week. I don't think it will be a strong trend up but at least it seems to be an uptrend. :-) /Pat