LTC/BTC can increase over 100% over the next 6 months. 1. Ignore the price. 2. Look at the RSI. 3. Analyze RSI cycle patterns. 4. Sell Litecoin in June/July 2024. Now look at price. 5. High five! I'm not sure if anyone else has broken down this cycle this way, but it makes the most sense to me. Very unconventional, but it works for me. RSI rules everything...
QQQ is here on a 30-minute chart showing its pivot down from a near-term high in a descending regression channel. Advanced RSI and MACD indicators are used to better pinpoint short entries in this downtrend especially with put options contracts with expirations every other day. Greed has turned to fear. Those equipped with experience and risk management can...
AMEX:SPY January 5, 2024 15 Minutes. Aggressively we could have entered a short at 470 levels being 61.8% fibo for the larger fall in 15 minutes or conservatively shorted once 468.5 was broken. The eight bar from open made an LH as 471.19 was not broken, being near the top of the range, and a small SL around 471.5. Now I will cover around 465 being 200 in 60...
We're standing at a critical juncture. The price is currently challenging a resistance zone; a decisive close above this level could catalyze a significant surge towards higher zones. This resistance area has been a battleground in recent times, and a secure breach could shift market sentiment to a further bullish stance. Conversely, failure to overcome this...
DOGE is at a pivotal moment, as it confronts a significant resistance zone. After a substantial rally, the RSI is telling us that the market is overheating and entering overbought territory. This could indicate that a correction is near the corner. We're watching for a decisive move; a sustained break above the resistance could signal continued bullish momentum,...
We had a very sharp beginning to the week and a day, but we are aiming here for something like that movement. We want to see more of a sideways movement and further breakdown from local support, resulting in a further movement to major support, of course! Swallow Team
LINK has caught our attention here with some nice potential entries in the upper zones. As price has successfully exited that breakdown attempt near 200 EMA, we are now seeing a nice strength forming here with a good potential to see price reach a smaller upper resistance (which would be good entry spots for sell position)
An example of a bullish divergence in which price prints a higher low while the RSI indicator on this Monthly timeframe prints a lower low. This is a sign that upward movement is to come.
Our attention caught the SHIBA coin, which has amazing potential for some significant movement to happen soon! We pointed out most major zones here and potential scenarios to happen on this coin, and the rest is up to the coin to choose the direction. What would be your entry point? Swallow Team
AMEX:SPY January 4, 2023 15 Minutes The downtrend is intact. If we consider the fall 471.19 to 468.17 470 will be a good level to short. As we can see a base is being formed in 468.5+ levels and lat low 468.17 has oscillator divergence. AMEX:SPY below all moving averages. Breaking 468.5 should give a good trade around 464 levels, being 200 averages in 60...
We see regular bearish divergence forming on the BTC daily chart. If things hold as they are, this will be a sell signal for BTC after a nice run up.
Solana just printed a gravestone doji star which may have marked the local top after such rise. RSI got rejected on overbought territory as well, finally looks like it could correct towards 50MA. ⚡️⚡️ #SOL/USDT ⚡️⚡️ Exchanges: ByBit USDT Signal Type: Regular (Short) Leverage: Isolated (5.0X) Amount: 4.8% Current Price: 92.835 Entry Targets: 1)...
I am buying gbpusd, dear traders. I see a nice convergence of an intraday demand and supper trend indicator. I will expect a bullish movement to 1.268. Your safe stop loss will lie below 1.26 Happy New Year!
AMEX:SPY January 3, 2024 Weekly. Uptrend intact. For the rise 218 to 480 AMEX:SPY retraced to 50% around 348 levels. Also for the two LLs around 362 and 348, we had good Elliott oscillator divergence. If we take the rise from 348 to 460 AMEX:SPY again retraced 50% of the move around 410 levels. For the last rise from 410 to 470 50% retracement is around...
Here I have EUR/JPY on the Daily Chart! Ever since price made its High on Nov' 15th, it has been in a decline. With current Price Action making a series of Higher Lows into Higher Highs all while the RSI is below 50 leads me to believe we are looking at a very convincing continuation pattern called a Bear Flag!! With the Bear Flag, we suspect Price will give us...
For this "Big W" pattern to be valid we have to assume the swing high, swing low pivot levels are valid in the context of Bulkowski's formula? Bulkowski's Big W Pattern :- thepatternsite.com
On the above 8-day chart price action has corrected by 95% since the sell signal (will show elsewhere). Today is great long opportunity. Why? 1) RSI and price action resistance breakout. 2) Multiple oscillators print bullish divergence across a 3-month period. 3) Seller weakness. Notice the long candle wicks into seller territory? 4) Price action prints...